[Simple Trading System] Trendline Break (The Only System You Need)

[desifxtrader]

Re: Swing Calls by desifxtrader

Euro has fallen quite a bit, your comments, any further fall expected

How does the prior level 2100/160 appeal?

 

[scplindia]

Re: Swing Calls by desifxtrader

2165 will be a major resisitence, break below that will be free fall like last time

 

[rkkarnani]

Re: That's All 4 now & Wishes

Such a Great Work desifxtrader
Thanks for share it.
Any Body have such alf for amibroker
please give me link

****************************************
Have a look what it does:

/*

trend channel development
Edward Pottasch, nov 2004

*/


per = 15; per = Param( "period", 15, 1, 500, 1);

mm = C;

x = Cum(1);
lastx = LastValue(x);
selv = SelectedValue(x);

aaa = LinRegIntercept(mm, per);
bbb = LinRegSlope(mm, per);

daa = SelectedValue(ValueWhen(x, aaa, 1));
dbb = SelectedValue(ValueWhen(x, bbb, 1));

xx = IIf(x > selv - per AND x <= selv, x - (selv - per),Null);

yy = daa + dbb * xx;

dhh = abs(H - yy);
dll = abs(L - yy);
dtt = Max(dhh,dll);

wd = SelectedValue(HHV(dtt,per));

SetChartOptions(0, chartShowDates);
GraphXSpace = 5;

Plot(C,"",colorWhite,64);
Plot(yy, "LinReg", colorBlue );
Plot(yy + wd, "Upper Boundary", colorRed, 4 );
Plot(yy - wd, "Lower Boundary", colorBrightGreen, 4
*******************************************

Also visit this link :

http://www.traderji.com/advanced-tr...vanced-support-resistence-trendlines-afl.html

 

[ashwani chadha]

Re: Suicide of a Forex Trader from India

Hello friends,

The title looks scary, isn't it?? But it's the REAL fact! Trust me.

Most newbie in Forex trading underestimate the potentially devastating damage leverage can wreak on their accounts. Understanding leverage enough to know when to use it and when NOT to use it is critical to your success!

Leverage is a very powerful tool but both old and new traders use it to DESTROY their trading capital simply because they take too lightly its destructive force or ignore it altogether. Its a pity, but the more of them the easier it is for us smart traders to make money. Sad but true.

High leverage is a favorite selling point for most forex brokers. Yes they pitch that you can make a huge killing using huge leverage, but the truth is Far You get KILLED!!

Brokers want you to trade with a very short-term mindset. They want you to trade as frequently as possible as often as possible. Its the only way they make money. One or two pips are important to them. The more you trade the more they make $$ on the spread. Its not in their best interest to tell you to let your trades run longer than the same day.

If you want to give yourself the best chance to succeed, first learn to trade profitably without leverage.

[Read the sentence above thrice]​

Play it safe. Protect your capital.

{Remember what Buffetji said?? Rule #1: Dont Loose Money Rule #2: Never forget Rule#1}

When you can make more pips more than you lose consistently, then, and only then, should you use unleash this weapon of mass destruction called leverage. Destroy traders (or your broker) taking the opposite side of your trade. Dont destroy yourself.

Forex trading should be treated as a job or business. Dont think that just because brokers allow you to use high leverage with a low minimum deposit that you can make a quick <insert choice of currency here> or get rich quick. Approach the currency markets with respect.

Be realistic in your expectations and be willing to properly educate yourself. Coz If you dont, you will get KILLED.

Okay, not really, but your account will get KILLED 100% Guaranteed.

Most professional traders and money managers trade one standard lot for every $50,000 in their account. If they traded a mini account, this means they trade one mini lot for every $5,000 in their account.

Let that sink into your head for a couple of minutes.

[Read the sentence above thrice]​

If professionals trade like this, why do less experienced traders (newbies) think they can succeed by trading 100K standard lots with a $2,000 account or 10,000 mini lots with $250?

No matter what the forex brokers tell you, DON'T ever open a STANDARD account with just $2,000 or a MINI account with $250. The number one reason new traders fail is not because they suck, but because they are undercapitalized from the start and dont understand how leverage really works.

Dont set yourself up to FAIL.

Its highly recommend that you have at least have $100,000 of trading capital before opening a standard account, $10,000 for a mini account, or $1,000 for a micro account.

So if you only have $60,000, open a mini account. If you only have $8,000, open a micro account. If you only have $250, open a demo account and stick with it until you come up with the additional $750, then open a micro account.

If you dont remember anything else in above paragraphs, I plead that you at least remember what you just read above.

Okay, please re-read the previous paragraph and ingrain it in your memory.

Just because brokers allow you to open an account with only $250 doesnt mean you should and Im going to explain why.

I believe most new traders who open a forex trading account with the bare minimum deposit do so because they dont completely understand what the terms leverage and margin really are and how it affects their trading.
Its crucial that youre fully aware and free of ignorance of the significance of trading with leverage. If you dont have rock solid understanding of leverage and margin, I guarantee that you will blow your trading account.

Happy trading :clapping:

courtesy: Babypips​

thank you for this useful post