"When i trade at home, I often watch the sparrows in my garden. When I feed them bread, they take just a little piece at a time and fly away.They keep on flying back and forth, taking small bits of bread. You will never be able to shoot a sparrow, it is just too fast. That is the way I day trade". M. Weinstein.
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8 comments:
hey forexbird, sorry for the noobish question, but how do these "range" settings work? I guess must be sth like renko-charts so only when the price goes up a certain level, the bar will be opened/closed, but maybe I get this wrong, because there are also bars which have open and close at the same point ... thx
sorry, I didn't get, that you will check the comments, wasn't meant to spam your box ^^
no, no problem with you dok, i just had problems with others recently and had to put a moderarion which is over now.. concerning range charts, every bar on a range chart has an equal "range" or high. On my range 2 all bar have equal length, 2 pips. Hope this helps.
ahhh, I think I got it. so the right part of the bar is always the high or the low. so if price starts somewhere and rises 1,5 pips, then nothing happens, but if it goes down 2 pips from there, the bar will be completed. the the open / close difference would be 0,5 pips. =) I guess I will have a look at that. thx for posting your interesting ideas!!
WOW man... the QQE seems to give very nice signal also ;) isn't it?
oh,yes..
I don’t think backing out of trade or closing it early is anything wrong, if we do it with logical reason then it’s excellent because every trade is different and often, it will be beneficial only that we don’t do anything crazy and keep everything straight forward. I get excellent support from OctaFX broker that I work with since they have low spreads, high leverage and many such features, so it all works brilliantly in my favor and let me pick and leave any trades with confidence.
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