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Elvis Sacramento
@elvis_sacramento
Last seen:
4 months ago
use trading sessions as ranges
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The Asian session is mainly dominated by comoanies doing business in/with China, Japan, Australia, etc. During the Asian session what goes on is mainly a bidding process so price action can be unpredictable. However, after the Asian session ends, you can mark it out on your chat and use its highest and lowest points as a reference to trade the London session.
Its just another way of saying trading is a game of probabilities so you have to play your strategy long enough for the odds to go in your favor. If you burn out and crash out of the sky early then you will never know if the odds would have been in your favor.
Get the robot file, save the folder on your system, open MT4, go to navigator and select the robot file, let it install, then click on the smiley symbol on your toolbar to enable the robot to start trading.
When volatility is high, your broker could reduce leverage. On the charts you also see unusually tall candlesticks
For me, it depends on your trading style whether short term trader (day trader) or long term trader (swing trader). If I am day trading, I will give priority to the technicals cos I want short term profits. However, if i am swing trading I will give prioority to fundamentals
Expected Value = (winning rate x average amount won per trade) – (losing rate x average amount lost per trade)
Example
If your win rate is 60% and, on every trade, you win an average of $5; and your loss rate is 40% and on average you lose $4 per trade
EV = (60% x $5) - (40% x $4) = 1.4
A good Expectancy Value should always be positive and not negative. In the example I gave above, 1.4 is positive to that EV is good.
He uses 200-day SMA so be buys when price is above the 200 SMA curve and sells when price is below it. His strategy works with swing trading, and I suspect he holds trades open for several weeks to months. They say his net worth is in the range of $8b which is speculative, but his Tudor Investment Group alone is worth around 2 billion Pounds.
Today is a major holiday in the U.S. as they celebrate their independence. I am not going to trade the new york session because there will be poor liquidity and stop losses will be hit easily as the market tries to look for liquidity from clients
High leverage means you can open several trades with a small amount of money, but the problem is you will not have much spare cash left (free margin) to keep the trades open if they trades go into a loss.
So, imagine I have $3 & my leverage is 1:500, I may be able to open only one 0.01 lot size trade, but someone else who has the same $3 but whose leverage is 1:3000 will be able to open about four trades of the same 0.01 lot size.
But since my leverage is low, i will last longer in the market even if i am making a loss, i will have more time for my trade to recover into profit.
But for the other person using 1:3000 leverage, once the trade goes into loss, the broker will close his trade since he won't have any cash buffer left in his account to give his trade time to recover.
Today there is Juneteenth, a public holiday in the United States so the federal reserve bank and some other big banks are closed. This can affect the liquidity needed to move xauusd.
It means when trading with that account, you should not expect to be charged spreads lower than 1.2 pips.
For any instrument you trade on the account, the spread will be 1.2 pips or higher. As a matter of fact most times you may never get the 1.2 pips spread; they will always charge you higher than 1.2 pips, so its just a marketing gimmick but in most cases the spread will be higher than 1.2 pips.
Futures & VIX prices have an inverse relationship, before you trade the vix you can observe the futures market. If futures prices are going up then it means the vix is dropping or expected to drop.
The most common answer you are going to get is that the stop out level is the percentage that if your margin level falls to, then all your trades will be forcibly closed by the broker.
Now, you can also look at stop out level this way:
Stop out level can also be said to be the least amount of money that will remain in your account after your broker forcibly closes all your trades because they are in heavy losses and threatening to finish the money in your trading account.
Your broker implements stop out levels because they do not want you to spend all the money in your trading account on a trade, so they always want some money to be left in your account so you can lie to fight another day.
Example:
Assume you have $100 in your trading account and you open a trade without setting a stop loss, you do know you could lose the entire $100 if the market keeps moving against you right?
Now, assume your broker stop out level is 20%, even if you forgot you had an open trade and the losses keep increasing, your broker will eventually close your trade(s) but you will still have $20 left in your trading account (because $20 is 20% of $100).
The doji pattern could sometimes signal a trend may be ending but this mostly works at the start of sessions when there is momentum.
The Doji single candlestick is important to me because when i spot it in a downtrend i check to see if the next candle will break above the high of the doji, if it does i know the down trend is over and a reversal is at hand.
With unlimited leverage, the broker will not ask for any margin, your entire account balance will be used for the trade.
Your trade will be structured such that for every pip movement, your entire account balance is at stake.
So, if you have a $100 account balance (after spread deduction) and price moves against you by 1 pip, your entire $100 will be wiped out.
If price moves in your favor by 1 pip, then you will make a profit of $100 per pip.
@Quentin, Vault Markets is only representing RocketX Pty LTD. who are the actual company licensed by the FSCA. Vault markets on its own has no FSCA license so they render services through RocketX.
Vault Markets is legitimate because they are a registered tax paying entity under South African law but when it comes to forex brokerage they don't have their own FSCA license and operate under the umbrella of another broker - RocketX.
A simple strategy for trading CPI is to mark the highest and lowest points of the first 15 minute candle that forms when cpi is released. After that, wait for price to break through the upper or lower line you marked then you trade the break accordingly after confirmation/retest of the breakout level. .
CPI news is released on the second Wednesday of every month by exactly 2:30 PM South African time which is equivalent to 8:30 AM New York time since South Africa is ahead of New York by 6 hours..
When CPI is released by 2:30 PM, the markets are going to react turbulently and you will see a big candle form by exactly 2:30 PM (see encircled candle in attached image), followed by more volatile price action.
Use this link to access the monthly release schedule/calendar for CPI which is prepared by the U.S. Bureau of Labor Statistics https://www.bls.gov/schedule/2025/03_sched.htm
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