Re: [ANN] 1Broker.com - Trade forex, indices, stocks and commodities

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Ah, position history. Thanks for the tip.

I really hope i slowly get the grip of forex trading. One thing i like for sure is that these charts play by the rules of technical analysis. Something i missed with bitcoin trading.

hmm, it still is quite dangerous unless you are going with low leverage with currencies that you are almost certain will go a certain way.

The nice thing about leverage is that it allows you to use smaller margins and still make reasonable gains.
People with poor risk management rush in with large positions at high leverage, and the majority will lose because they lack proper risk management and analysis (fundamentally and on technicals).
I know the term gets reused a lot, but that is the truth.

I admit i make too often bad decisions, mostle when emotions get in my way or when i don't check carefully enough my indicators.

Can you tell what the most important indicators are for you?

For me it looks like pivot points are very important. The bigger their timeframe the more important.

Then normal support/resist, though you have to put them in the chart manually, or is there an indicator that can do that for small S/R too?

Checking if there is a channel and if the price is probably going to the opposite direction again is important too.

So can you tell me how you find your entry and exit points? And when you trade intraday and with leverage, where do you set your stop loss? And do you set a take profit or how do you decide that the price won't move further? (If no S/R or pivot are in the way)

If doing Leverage, how much percent of your bitcoins do you set in one trade?

Thanks!

I only make entries on support and resistant pivots. I use a lot of custom indicators, but they revolve around RSI, momentum and divergence.

Thank you for the tip. Interesting about the pivots, i thought the standard resistance lines one draws from the day before are more important but i certainly saw the importance of pivots. Not so much the smaller pivots, for 1 hour, half or 2 hours or so.

Though what i wonder... how do you know when a pivot line will break? Even when you would set your order behind the pivot, it would be likely that your order gets triggered and it goes back, so that only the shadow went through. Do you wait until a candle body is complete on the other side or when it closes broken?

Yeah, tradingview has a lot of great indicators that can help. I need to take a little bit time one day so that i can customize my own indicator. Cheesy