Ask Bob Forex Questions-no banning allowed

[Maximilian]

Hi Bob,
Thanks for all your contributions, especially sharing your ideas, experiene and knowledge. Regarding your EA: you might try agility trader from the other forum
It's versatile and should work. I played around with it, but hadn't enough time to examine it further.
Here's the link http://www.forexfactory.com/showthread.php?t=584091
Cheers,
Max

[nanningbob]

Hi Bob,

When you traded off the daily charts did you stack your trades?

Also, any thoughts on the future of the Euro dollar if the EU starts to fracture.

Thanks, echoman

Did I stack trades at Easy Forex, I think I did a couple of trades. What I did is set my trades and walk away for a couple of days so the winners would run. I really really tried to trad long term but I just couldn't keep my finger off the take profit button. So stacking was something I did just before I took my break. Maybe try it again some day. Just trying to get back into the flow for now.

[nanningbob]

If I tried stacking today I would look for 3 things:
1. CSS read was trending.
2. Big arrow on HGI.
3. Confirmation of reversal with a blue wavy line.

Those three would give a clear signal to try to stack some trades.

[nanningbob]

For example NZD/JPY and AUD/JPY could be good stack trades this coming week.

[Guest]

Hi Sir Bob, I too am confused by 10 cents per thousand as previously asked in this thread. Would anybody please confirm if I got it right.

Example:
I got a 1000 usd live account at a certain broker with a 1:50 leverage.

When I enter long/short at USD/JPY with 0.01 lotsize at Empty4 4, I get around 0.01 cents per move(pip).
Does that mean I should use 0.10 lotsize to make it 10 cents per pip move?

Thank you very much, and hope to learn alot from you guys.

[nanningbob]

Hi Sir Bob, I too am confused by 10 cents per thousand as previously asked in this thread. Would anybody please confirm if I got it right.

Example:
I got a 1000 usd live account at a certain broker with a 1:50 leverage.

When I enter long/short at USD/JPY with 0.01 lotsize at Empty4 4, I get around 0.01 cents per move(pip).
Does that mean I should use 0.10 lotsize to make it 10 cents per pip move?

Thank you very much, and hope to learn alot from you guys.

Different brokers use different lot allotments. So one broker 0.01 can be a ten cent lot and another broker it equals one penny. That is why I say ten cents instead of lot size because lot sizes differ from broker to broker. For example in the USA Cowboy IBFX had .01 was a penny and OANDA .01 is ten cents per pip on the USD.

[Guest]

Hi Sir Bob,
I have noticed that my broker (Oanda) have 2 sets of server choice, one is the +2, and the other one is -5.
I trade the Daily Candle.
1.)My question is why both don't show the same chart data. I have attached the screenshots.
2.) Given that both chart data are different, which is most close to the one you use?
3.) Will this affect HGI?


Please see attachment. Thanks!

[nanningbob]

The reason for the difference is they have different start times for the daily candle. They would be 3 hours apart for their starts so the difference. I think mine is +5 so my daily candle starts at midnight EST. this would affect all candles 4H and higher but hourly on down would be the same.

[mejayusa]

Dear Sir Bob,

Will you be trading during the BREXIT polls? In your opinion, will the market stabilize a bit by next Monday or will even the next week be turbulent?

Appreciate your thoughts.

Jay.

[nanningbob]

Dear Sir Bob,

Will you be trading during the BREXIT polls? In your opinion, will the market stabilize a bit by next Monday or will even the next week be turbulent?

Appreciate your thoughts.

Jay.

If you want to trade Brexit you can try two strategies. Do a buy and a sell to avoid high spreads and close the losing trade once a direction is set. Or set a buy above resistance and a sell below support and take your chance. Me I have just been playing Asian currencies with mixed results this week so far.