Discuss Forex-MegaDroid.com

[Dirk58]

ya my problem too...

but made nice pips with them....
so have my 5M charts too now, damn, hopefuly next year I can afford a real trading terminal with at least 16 monitors..........

that would be a nice one for trading most charts and TF....

always good trading

 

[Ken Long]

Hi, Ken. what kind TF are you trading on? thanks

I've been trading daily charts in the stock market for a few years, mostly following newsletter recomendations and other advice, and applying my own technical analysis, generally trend and position trading and swing trading within the trends, applying new knowledge as I find it.

More recently I moved into the Forex market looking for easier leverage and to gain experience with the shorter time frames and to learn to trade independantly of trading services and recomendations. I now trade mostly on the 15 and 5 minute charts, still basic swing, trend, and position trading, but I use all time frames for analysis.

At this point the small time frames give me quick results and I've learned a lot, very quickly, practicing and testing on the small time frames, but longer term I would prefer to trade a larger account on the daily time frames and have the freedom to do what I want when I want. There will always be a place for the day trading, but more as a rainy day activity, then as a primary trading style.

The difference is mostly lifestyle and temperment. However, there are some definate differences in the trading. But first, trend trading, position trading, swing trading, and scalping, can be looked at from a time and point (pip) basis, or as a trading style. As a trading style, each of these can be performed on any time frame. Its more a matter of zoom and trading style than time frame.

The biggest differences that I have found are that trends on the daily time frame are generally fundamentaly driven and last longer as a succesion of waves than they do on the shorter time frames, they can also pay daily interest in addition to any capital gain, and they arent as subject to intraday news driven volitility. Whereas trades on a short time frame can often capture the same amount of profit in a shorter time simply by risking an equal percentage of the account and capturing a similar risk to reward relationship.

That said, the daily time frame is where I would like to be trading from a lifestyle perspective, but the 15/5 minute time frames are where the quick money is made. Figure that a quick swing trade lasts from 2-5 bars, and a trend trade can last 10, 20, 30 bars or even more regardless of the time frame, but the risk and reward are proportional across all time frames, and the prospective gains from a similar trade on different time frames would be similar. It can be much quicker to compound and grow an account trading multiple times intraday, even if your only trading for a few hours at a time. And at this point in my life and learning its a neccesity, just to pay my bills and master my craft, but at some point I want to put my feet up on the dashboard and follow the weather, managing my positions and day trading at rest stops.


For all you guys studying the free videos. Craig Harris has some excellent videos available on his natural flow swing trading system. I've watched them all recently and highly recomend them. Craig Harris Natural Flow System He's also done a couple of webinars that I am currently still going through, but its all really excellent material and I highly recomend it. Craig Harris Professional Forex Mentorship Course I am not a member. As you can see the prices he charges for his mentoring program are over the top. But his free stuff is excellent and any good trader can take this and easily use it.

 

[Dirk58]

Thanks Ken

for the link. I just watched the video and put even more charts to my MT4....
so I used some majors with 15M and yes, clearly see these swings without any indicator, just Stoch. Looks very good too and I will put this to my trading system too, as you said, great stuff

always good trading

 

[michaelwen]

Thanks, Ken. longer time frame always easy to trade.
Hi, Dirk. I wish that I can been Europe country, all the clear swing trend during that period. ( it is 1am to 7 Am my time, >_<)

 

[ilikeu1314]

I have already missed 4 profit trades in my MBtrading broker live account

Any advice and help!

I have already discussed the problems about my EA Megadroid in my live account in MBtrading broker!!!!

The same happened again. I have already missed 4 profit trades in my live account in MBtrading broker while at the same time, I get 4 profit trades in my demo account in ATCbrokers.

I am very unhappy because I see my demo account growing very fast in the ATCbrokers, but my live account stops trading in MBtrading broker. Everything about setting is the same for the Megadroid.

I don't know why?

The spreads are not very big in my live account, about 0.9, but stopped 4 trades already(which all are the profit trades in my ATCbrokers demo account).

I just want to change my broker, but ATCbrokers doesn' t allow me to join because of some rules about "introducing brokers".

How can I solve such problem?

Megadroid can have frequent trade about 3 to 5 trades per week in my demo account in ATCbrokers and can generate very nice profit(2 weeks over 25% growth)

However, when I put it in my live account in MBtrading broker, it almost doesn' t work, have very few trade.

I cannot see my live account growing, only growing in my demo account.


Please help!!!!!!!!!

I likeu1314

 

[Dirk58]

gd day guys

NICE 10 pips at FXDD last night.......

yesterday had a few bad trades because of the strong AUSSIE and KIWI because DPC said sell but chart went on goin northwards...
but if there weren´t bad trades I would had found the holy grail, did I....
that´s real Traders life, up and downs but nice to see that DPC is workin overall damn good because still far in front :cute:

ilikeu1314...... no broker could tell you not to open another account with an different broker.... if he does withdraw your money and open a new account at FXCM because they have an VPS and trading with them looks damn good too.
If I had this trouble I had done this already, because it´s YOUR money and YOU can do with it what you want..... and if there´s a rule like you told, so what, withdraw and go.................

always good trading

 

[Dirk58]

ok guys

yesterday is gone ( -250 pips) - bad day but.........

it´s now 15.31pm and today is about 27Celsius outside, let´s get some nice cool german beer....

closed my long long trades now except one, today +304 pips mostly with GBPUSD.... went with one trade -150 pips but I let him run opening some more and was lucky..... all went into huge plus because of fxstreet article about the GBP. THEY were damn right.

So always nice to have some news and professional statements send by FPA and myfxbook.....

For this week it´s enough so I closed MT4

wish all of you a very nice weekend

:cute: always good trading

 

[12bfree]

11 pips

11 pips on FXDD yesterday, so it was cool.

had any of u guys tried the triple trend indicator by freedom formula? seems to be working very well for me too.

ilikeu1314, i suggest you bring your questions straight to MBT and ATC as they are in the best position to help you.

have a great weekend everyone and let's hope for more green pips next week.

 

[Dirk58]

Weekend....

today is barbeque day

and if somebody is interested heres the link I picked up the analysis about the cable I traded as a long short Trade
Forex Technical Analysis | Daily Trading Analysis

this one was damn precisely so I will have a close look furtherin for their comments

ilikeu1314 there is another thing you should mention about open another broker account: leverage. I don´t know how things went up meantime but if the US guys will set him to oh:1:10 as they declared a while ago trading with an US broker will be only profitable for the big guys with big money. And I think if this happens most of them will or already have changed their broker.

always good trading

 

[Ken Long]

Any advice and help!

I have already discussed the problems about my EA Megadroid in my live account in MBtrading broker!!!!

The same happened again. I have already missed 4 profit trades in my live account in MBtrading broker while at the same time, I get 4 profit trades in my demo account in ATCbrokers.

I am very unhappy because I see my demo account growing very fast in the ATCbrokers, but my live account stops trading in MBtrading broker. Everything about setting is the same for the Megadroid.

I don't know why?

The spreads are not very big in my live account, about 0.9, but stopped 4 trades already(which all are the profit trades in my ATCbrokers demo account).

I just want to change my broker, but ATCbrokers doesn' t allow me to join because of some rules about "introducing brokers".

How can I solve such problem?

Megadroid can have frequent trade about 3 to 5 trades per week in my demo account in ATCbrokers and can generate very nice profit(2 weeks over 25% growth)

However, when I put it in my live account in MBtrading broker, it almost doesn' t work, have very few trade.

I cannot see my live account growing, only growing in my demo account.


Please help!!!!!!!!!

I likeu1314

I really dont understand the problem. ATC would love to have more customers, just open and fund an account. If your not satisfied with MBtrading just close the account and request a full withdrawl of all money.

Just remember real accounts dont always trade the same as demo accounts