Hello Stallion,

 

You have not been posting for some time now. hope all is okay???

 

Please if you dont mind,i will like to ask you to tell me how you do draw your

trendlines on the price chart and MACD.

what and what do you consider or do before and while drawing them.

 

 

Also i want to develop a good entry and exit method while trading so that i will not enter

 

late or leave too soon on the market. please advise me on how to do this .

 

 

Please advise

 

Onwuka Arisa

Helloo there Onwuka, nice to get your mail... We thank God for everything..We should also

know there are times we shouldnt ignore our personal needs in order to satisfy others

needs..A burnt out Stallion is of no good to himself or to the people..just cant give out

from an empty cup whether you see it half filled or empty..so creative silence or quiet time

is essential for each and every human being..Mind you, you dont have to be a hermit

hibernating in a cave or a monk in the Himalayas before you get the centre of balance

within.. seems your questions have been asked before, and the answer was given..most times,

I often had to go back and read through the whole thread so as to get a better perspective

of where we are coming from and where we are

going..

http://www.forexpeacearmy.com/forex-forum/...7.html#post7998

http://i82.servimg.com/u/f82/11/82/15/01/theawa12.gif

http://www.forexpeacearmy.com/forex-forum/....html#post10269

To summarize, trendlines are connected from the current resistance/support high or low to

the previous resistance/support high or low of the candlebars.

It is also connected, if using MACD,between the current peak(highs) to the previous peak or

between the current trough(lows) and previous troughs of the MACD line. When the price

trendline is ascending in an uptrend and MACD trendline is descending in a downtrend, it is

called NEGATIVE DIVERGENCE.. When price trendline is downward and MACD trendline is upward,

it means POSITIVE DIVERGENCE.

Good entries and exits are also strategies that depends mainly on risk management principles

like risk to reward ratios.Most newbie traders/sportsmen wants to know the tricks...instant

gratification without expenditure of responsibilty..Your entries might be good but whatabout

whipsaws?what if you had perfect entry but the timing of the move sucks?How much are you

prepared to risk if the ''perfect entry'' does not manifest? Those are questions we should

ask ourselves before and during trading..

Can anyone recommend a good platform for trading CFDs?

Hi Natalie, to paraphrase annacoulli..

Brokers fall into 3 broad categories: ECN, non dealing and market maker

 

and from experience I have found there are at least 16 questions you should ask before

 

opening a forex account and these are as follows:

 

1. What is the net capital of the company

2. Is the company regulated

3. Is the company a dealer or a broker

4. What are the leverage and margin rules

5. What are the costs of trading

6. Does the company offer telephone support

7. How easy is the platform to use

8. Is the trading platform reliable

9. What is the charting like

10. How long has the company been in business

11. What reputation does it have in the forums

12. Trading style and order types

13. Micro, mini and regular account spreads

14. Interest on the account

15. Hedge trades allowed

16. Rollover

 

Once you have your answers it is so important to select a broker which matches your trading

 

style - it is pointless opening an account with a broker which is classified as a market

 

maker and then expect to be able to scalp - you will not be able to do so because spreads

 

widen alarmingly when the markets are volatile.

So CFDs(Contracts for Difference), are cash settled derivatives that reflect their

underlying markets like stocks, futures or forex contracts.CFDs can easily be traded short,

transaction speeds are usually fast, and they have low margin specifications, like 10% for

shares, 5% for share indices,5% for futures and 2% for currencies.They are also generally

open ended, as in, they have no expiration dates like options, commodities or warrants.

Another thing that makes CFDs stand out is they are available for diverse underlying markets

like the US, UK AND European shares CFDs, sector CFDs like Banks, Real Estate,Oil and Gas,

as well as forex and futures pairs.

hello whats your setting for MACD indicater . Thanks.

Helloo nasir.khan...any relation with genghis or kublai khan? anyways, you can just use the

standard settings on your platform, which is usually 12,26,9.. You could still tweak the

settings and compare the changes on the MACD indicator to price above...whichever one fits

your style is okay...

yeah i know forexgreenland your work speaks for itself.........but can you

 

tell me why you always summit chats on your maximum post. don't you have anything to

 

discuss....

Hmmm, this sounds like a counterattack from one of the feminine species,not just a welcome

party....Somebody stop me!You want to know why, mami? It is because those chats and charts

mainly represents a reflection of operations in the trading trenches..reflects trading minds

at different levels in which enlightening market themes and principles can be glimpsed and

learnt from..

At the risk of getting my eyes scratched out by our female folks, there are some

observations on the gender aspect to trading.females are less willing to take risk but more

willing to stick to their rules..Alpha male stereotypes tend to do the opposite..too much

machismo, too much ego on the line...brings about stumbling blocks to our trading life..so

if good traders are consistent at abiding to their rules and not taking unnecessary risks,

the ladies should do better in their pyschological makeup to trading. So guys, we got a lot

to learn from our womenfolk..thanks for your constructive criticism, Anne

http://i82.servimg.com/u/f82/11/82/15/01/theawa13.gif