Monday, May 10, 2010

And this

And this to end the day. No more trades for today, price can stall in a range before a new correctional leg up (or down, who knows?)..

5 comments:

Syed Omar (Hilmy) said...

can you explain what the two numbers are for each trade. I know one of them corresponds to the actual arrows, but what about the other number?

salamander said...

hey forexbird. do you ever use a higher range chart in conjunction with your 3 range say a 6 or 8? also do you know if ninga trader has a m.a. rainbow indicator like the one you use?

Bryce said...

Hi forexbird,

Can you tell me what your commission rates are for IB? I remember reading about it elsewhere but now can't find the info. Just wondering what it costs per 100,000. Thanks! Keep up the great work.

The forexbird said...

Omar,

the little triangle shows the exact entry/exit, after spread.

Salamander,

i also have a look on 15M and 1H charts on MT4.


Bryce,

commission on IB is 20$ per million.

Raheel said...

It is nice if we learn to be patient, as it is always a losing battle to go aggressive approach all the time, I like to be trading with careful approach and proper analysis, as this helps me to do trading easily and I can make huge profits without much trouble at all. I work with OctaFX broker and with them, it is easy for me especially due to low spread that they charge and there are no hidden commissions either, so it really helps.