dmedin
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Posts posted by dmedin
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Here's what I'd be looking for if Germany was open right now. Since it's the weekend, we'll see a different picture when it reopens.
Hourly time frame
How it looks on the daily time frame. RSI and MACD aren't positive yet, they're headed that way though.
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5 hours ago, dmedin said:
(with small
readreal bodiesMy brain isn't working properly any more
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14 hours ago, u0362565 said:
Hi all,
Do you set your stops/limits on trades and then let them play out? My only real issue with this is that i don't know if my stops/limits are in sensible places in the first place so there is a tendency to monitor it. What about waiting for a series of signals from tech indicators to close instead, again you've got to be disciplined and do it when said signals arise.
Thanks,
I would says so, unless you are dealing with short time frames and large sums of money and you are able to be glued to the screen 100% of the time and give it your full attention.
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So that's a bearish candle, after an up move that's running out of steam (with small read bodies and long legs), falling back down towards established Fibonacci levels, with a MACD crossing from above 0 and RSI below 50
At one point I had the RSI set to 9, and that additionally gives an overbought divergence (price goes higher but RSI doesn't). This also gives a nice oversold indication when the move down is coming to an end
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4 minutes ago, Caseynotes said:
ps, if you are on demo you are not making any money.
That's right, I just got into the habit of saying that
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The more I keep thinking about trading, the less I know.
It's a downhill process every single day. I am totally clueless now, but I was full of ideas this morning.
Who knows?
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I'm not sure I like any indicators. Volume maybe?
https://nononsensetrader.com/how-to-backtest/ has custom indicators for MT4, so I don't know what those are.
I'm not even very fond of moving averages any more.
Just Fibs, candle and the RSI?
Made money shorting Wall Street here.
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Six more months Tom, are you looking forward to it 😘
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5 minutes ago, Caseynotes said:
how long are you planing to stay back on demo this time?
I've already fended off the temptation to go straight back into live a couple of times, which is a big improvement. At least six months I would say. I'd like to see if I can grow the £5000 demo account to £10,000 first.
I still have no idea what I'm doing, switching views, time frames, moving averages all the time.
Not nearly ready for live yet
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Russell 2000 looks really bullish 🐮
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A very positive green candle bouncing off 50 day SMA, 20 SMA > 50 SMA, but the MACD is still negative.
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Also the Nasdaq is consolidating around 50%, 20 and 50 SMAs, so if we see a nice green candle on the daily chart we can go long with a stop just below 50%
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Indices
in Indices and Macro Events
Posted
Look at the enormous divergence on the RSI