Not using FIXED stop losses doesn't mean a trader can't devise a strict set of exit rules if things go wrong... along with low leverage and max DD allowed.

successful trader without stop loss?

Hmmm... weekly downtrend UTL is at around 9352... where it would retest recently broken trendline. image Makes sense as well... Those would be my views on a bearish scenario. But... upper daily DTL also has been broken to the upside...

AUD/USD

Indeed. Glad to see you around! Happy New Year to you too and may the Pips come in abundance!

Female Forex Traders Network II

Medium term view — Strong resistance area between 9498-9397... if crossed, I think we're looking at parity (monthly chart). image Strong support in 9168-9180 zone: sma34 M30 (9180) sma20 (bands median line) and sma34 H1 (9178) sma20 (bands ...

AUD/USD

Me too... — I also see a possible retracement to 9215-9195 for a retest of the broken former downtrend UTL, and a continuation of the uptrend afterwards. Possibly even an opening gap down to those levels.

AUD/USD

Wonderful post!

Is trading FX for living a myth?

Lol... now add another push to the next red line on that chart at around 9220... with 9250 possible but who knows... and then, a due retest down to 9000?

AUD/USD

I added a chart for a better view.

AUD/USD

I understand from your post that you have opened 4 shorts on AUDUSD. I personally still see a strong impulse and the pair could go higher, at least to 9190-9210 (which is a zone of intersection of both upper trendline of downtrend and lower ...

AUD/USD

You could also reduce proportionally the equivalent times you will be off the computer (for example, times of the day you will be trading, normal time/hour of pauses, etc.) and calculate accordingly. For example, if you usually are off the computer ...

VHands Trading Simulator

You'll have to reconfigure it in the expert script and change the values that appear, using the Meta Editor. For example, these are the values I changed as the MT4 I use for the simulator has 5 digits... Just modify to your choice the values that ...

VHands Trading Simulator

At my broker (O) maximum per single trade is 100 lots. However one could have several 100 lots positions open at a given time. On another MT4 broker I was able to trade up to 25 standard lots without any noticeable change in execution. So I guess ...

Where the forex profit comes from and how much money can be leveraged?

You can see the pip value when a trade is going on... however, USD-based currency pairs (EUR/USD, GBP/USD, AUD/USD and NZD/USD) have a pip value of $10 per standard lot (or $1 per mini-lot). Other pairs with a different base currency will be ...

What is the difference between Metatrader Volume and lot size?

I found this video from IBFX and that's the reason I'm fishing this old thread up. The video confirms that indeed the volume indicator on MT4 platforms shows the sum of ticks for the timeframe chosen: url And they specify: "Because true volume in ...

Forex Metatrader + Volume Indicator

Thank you and Merry Christmas to you too! Hope you're all enjoying a well deserved rest in this long week-end

AUD/USD

Not a holiday in Japan it seems... (also, see FF's calendar) url

AUD/USD

I see a wedge: image

AUD/USD

There seems to be a similar indi here (named Heiken_Ashi_Exit~.mq4), you could check if it's the same. Yours seems to be a part of a commercial scalping system out there.

Heiken Ashi Exit Indi

Hi! And thanks I deserted the e/u thread because I've been almost solely trading A/U since the beginning of this year... To Daytrader: added to what I wrote in my last post, would also be (on daily TF) a possible wave 4 (a 38.2 retracement fits ...

AUD/USD

Indeed it should retest... and 9020 is mid-channel, with top at around 9190-9200 at the end of the month. 38.2 fib ret (8950) absolutely possible, IMO, and round number. Ah, and the pinbar. Better on 3h charts but nonetheless visible on 4h as well.

AUD/USD