HGI for beginners.

[Xenn]

anybody else recieving wavy w/o the alert popping and having the white line ?

edit: my alert for wavy is turned on

[milanese]

anybody else recieving wavy w/o the alert popping and having the white line ?

edit: my alert for wavy is turned on

trun it off and it will not pop up

Cheers

Tommaso

[Xenn]

anybody else recieving wavy w/o the alert popping and having the white line ?

edit: my alert for wavy is turned on

trun it off and it will not pop up

Cheers

Tommaso

LoL then how i would understand that the move is exhausted? My question is when i recieve such an wavy should i take it for real or should i take it for "fake" because the alert is not showing wavy has apeared i have it only visual on the chart

[milanese]

anybody else recieving wavy w/o the alert popping and having the white line ?

edit: my alert for wavy is turned on

trun it off and it will not pop up

Cheers

Tommaso

LoL then how i would understand that the move is exhausted? My question is when i recieve such an wavy should i take it for real or should i take it for "fake" because the alert is not showing wavy has apeared i have it only visual on the chart

that I do not understand, but in general you should take alerts only as an hint to check your chart and than valutate what you want to do.. the wavies are OOTB disabeled as alerts, because it makes not much sense to alert for every wavy that comes..

Cheers

Tommaso

[brt]

2015-01-09 01_31_34-62050282_ FXCM-AUDDemo01 - Demo Account - [GBPAUD,H4].png

So tempting to tighten the stop down to this level... thoughts?

[Rio]

Your larger MAs have just crossed over, possibly triggering loads of sell signals, so expect the market to pull up (as it tries to stop them out) before continuing on down

[brt]

Thanks Rio!

Demo results 1st week: 6 wins/6 losses +515 pips

Question: Do you guys hold your positions over the weekend and if so, do you re-open them on Sunday if conditions are still the same or wait for new signals?

Thanks!

[Rio]

Question: Do you guys hold your positions over the weekend and if so, do you re-open them on Sunday if conditions are still the same or wait for new signals?

If trading off daily timeframes, then you would leave them on.

If you are day trading in lower timeframes, then you would pull them off.

The reason is of course, that swap accumulates over the weekend, and if it's negative, will chip away at your profits.

Additionally you will generally notice on a Friday that if price has been moving uni-directionally all week, then if will pull off the high/low and go into consolidation more often than not before the weekend. Look at the majority of weekly candles... there's usually wick at both sides. It's this late Thursday/Friday pull back that creates the wick before the close.

Anyone taking a short off the low of the week, or a long off the high of the week - gets jammed for the weekend. That's amateur-hour trading. Don't do that!

You can sometimes trade these pull backs if the conditions are right.

[Gertje]

Question: Do you guys hold your positions over the weekend and if so, do you re-open them on Sunday if conditions are still the same or wait for new signals?

If trading off daily timeframes, then you would leave them on.

If you are day trading in lower timeframes, then you would pull them off.

The reason is of course, that swap accumulates over the weekend, and if it's negative, will chip away at your profits.

Additionally you will generally notice on a Friday that if price has been moving uni-directionally all week, then if will pull off the high/low and go into consolidation more often than not before the weekend. Look at the majority of weekly candles... there's usually wick at both sides. It's this late Thursday/Friday pull back that creates the wick before the close.

Anyone taking a short off the low of the week, or a long off the high of the week - gets jammed for the weekend. That's amateur-hour trading. Don't do that!

You can sometimes trade these pull backs if the conditions are right.

Your remark about the swap accumulating during weekends made your whole post invalid and shows you're relatively new to forex. Just watch the swap figures tonight before/ after market open.

[SteveHopwood]

Your remark about the swap accumulating during weekends made your whole post invalid and shows you're relatively new to forex. Just watch the swap figures tonight before/ after market open.

And again at 20.00 London time (19.00 GMT, I think). All will be revealed.