dhauer's Posts | Myfxbook

Starting from scratch. في المتداولون الجدد Apr 09, 2012 at 13:13

Taking a pass on the USD/JPY trade. Market is just floating along sideways at the moment so not a lot of reason to think it's going to head one direction or another at this point. Long term I think the dollar is headed back closer to 84 but for now we wait. Biggest reason I decided to hold off though was that my MACD reading was short of where I would have wanted it to be. Looking for something below -15 and in this case -11 was as far as we got. Might keep eyes peeled for a sell opportunity later in the week on this pair around 81.75 or so but it will have to be a no brainer to go against...

Starting from scratch. في المتداولون الجدد Apr 09, 2012 at 00:07

Looking more and more like USD/JPY is setting up to be the first buy of the new week. Currently it's sitting about 30 pips above support. RSI is at 33 and change and the MACD has a nice rounded top, the only downside is the reading is a bit lower than I'd like at .11. Looking for the confirmation in the next 2 4H candles.Little bit of news coming out of Japan in about 5 hours so will look to see if that has any affect and help get the push higher going. Will post the details and chart if I end up pulling the trigger on it.

Starting from scratch. في المتداولون الجدد Apr 07, 2012 at 01:36

Really starting to hate how this things causes errors when trying to attach files. Pissing me off!https://www.myfxbook.com/files/dhauer/Demotrade_1.JPGhttps://www.myfxbook.com/files/dhauer/Demotrade_2.JPGhttps://www.myfxbook.com/files/dhauer/Demotrade_3.JPGhttps://www.myfxbook.com/files/dhauer/Demotrade_4.JPG

Starting from scratch. في المتداولون الجدد Apr 06, 2012 at 21:37

Okay it appears I can now upload files so here is the first draft of my Trading Plan. This was completed based off the template put together by Tim Wilcox in 2005 and can be found at the link below.Keep in mind I have not checked this for spelling and grammatical errors so anyone who has a comment about a word being misspelled please feel free to save it. As far as targets and the like I realize that they may be a bit on the high side but they are mine and until I prove to myself that they are out of reach I will stick with them.Other than that I am continuing to read and educate myself on eve...

Starting from scratch. في المتداولون الجدد Apr 06, 2012 at 21:31

Looking more and more like I will have to move this thread over to another forum as this one does not seem to allow me to add files to it. Have a completed first draft of my trading plan finished that I was planning to upload but I get error messages every time I try. Also have results from the first week of forward testing my strategy I had intended to post but I'm having difficulty uploading any sort of files.Finished the week well though with four total trades, three of which were profitable and one that hit my SL. The losing trade should not have really been made as I didn't follow...

Starting from scratch. في المتداولون الجدد Mar 31, 2012 at 00:33

Well guys I had responded to these last few posts with a long detailed response but I deleted it by accident so I will keep it simple this time.a) Just finished writing my first draft trading plan and will be posting it here on Monday for everyone to reviewb) Money management is all detailed in the plan and will be capped at 2% risk per positionc) All entries and exits are laid out clearly and simply within the plan and the 4H MACD strategy originally authored by Phillip Nelld) All entries are defined precisely and no live trades will ever be entered on a whim. If I feel like gambling I will t...

New Begining on Forex في المتداولون الجدد Mar 28, 2012 at 03:06

Gary,Can you expand a little more regarding the manual system you are using as well as what type of alerts? So far I have been looking at two systems, both of which are from Phillip Nell, the first is his 4H MACD system and the second is his 5M Intraday system. My idea is to look for trends on the 4H and then look for entry points on the 5M system. Any thoughts on that? Otherwise if you could check out the thread I started here at https://www.myfxbook.com/community/new-traders/starting-from-scratch/280698,1 I'd appreciate any input you might have.Regarding the robots that Bijan mentioned p...

Starting from scratch. في المتداولون الجدد Mar 28, 2012 at 02:58

Still working through all of these books I've gotten, taking a bit longer than anticipated as they are not exactly light reading. ON another note I'm starting to test out the different platforms I've found so far. So far my favorite platform is Tradestation II, second would be the Viking platform through FxDD but they don't exactly have the greatest reviews from other traders. Tried the MT4 platform and I honestly don't love it, I don like the ability to run EA's but I'm not really planning to trade using EA's so I'm not sure whether that will turn out to be...

Starting from scratch. في المتداولون الجدد Mar 15, 2012 at 22:28

Hi Trixifx,Thanks for the input, the books you mentioned are definitely on my long term reading list. As I'm sure you can tell I like to read a lot as it is.As far as over complicating thing I'm going to have to disagree on that one. I'm looking at what I am doing right now as basic training. It would not make sense to me to jump in to a trillion dollar market without first knowing the rules of engagement. It's possible I could read 200 books it doesn't mean I am going to try and take every little thing from each one and use it all. It has more to do with being fully aware ...

Starting from scratch. في المتداولون الجدد Mar 15, 2012 at 07:09

Things are going well so far, finished up the ForexOnlineLearning site yesterday. Got a bit behind because we had a 60 degree day here in Michigan on Sunday and that required me getting out of my house for a bit to enjoy it. Started the BabyPips stuff and so far it seems more or less like a re-tread of what I've already done. Hopefully there will be at least a little new information there but if not it should help to reinforce what I've already learned. Tonight I'll be trying to complete at least the "Elementary" and "Middle School" sections on BabyPips. Still w...

Starting from scratch. في المتداولون الجدد Mar 12, 2012 at 22:04

Hey Paddlepuss,I'll definitely be doing some testing with demo accounts on longer time frame charts as well. As far as what I wrote above that is just my initial ideas about how I will operate. At the end of the day though whatever TF helps me produce the desired results will be the one I work with. Thanks for the suggestions.Hobart

Starting from scratch. في المتداولون الجدد Mar 11, 2012 at 07:50

Started the above mentioned sections today at 2pm, finally closing it up now just before 10pm. Learned quite a bit regarding fundamental analysis but see that this is an endless learning process and that gets me motivated to consume more information. Will need to look for a tutorial on how to read and interpret the COT report better though. The information on www.forexonlinelearning.com is good but nowhere near detailed enough for my tastes. Was able to locate the report online though and sign up to receive the report to my e-mail immediately upon release. Early on if I had to say one way or a...

Starting from scratch. في المتداولون الجدد Mar 10, 2012 at 22:52

Today I will be focusing on the following sections at www.forexonlinelearning.com:Trading the NewsBasics of FundamentalsEconomics & FundamentalsSupply and Demand in ForexThis will leave me with 4 more sections to be completed on Sunday and allow me to move on to reinforcing the basics on BabyPips on Tuesday.

Starting from scratch. في المتداولون الجدد Mar 10, 2012 at 10:42

Hello, my name is Hobart and I am about to embark on a journey. My goal is to learn the Forex market from scratch. The hope is that I'll find something that excites me other than playing golf. It's become quite clear that golf will not pay the bills; I can't stand my sales job, and things need to change.Obviously this is going to be a difficult task and it may never lead to something I can do as a career but at least I will have tried. In no way am I writing this for validation or any other vein reason. Simply put I'm writing this so that I can always come back to see what my t...

EURUSD	1.15298	GBPUSD	1.34793	AUDUSD	0.7029
USDJPY	157.531	USDCAD	1.40073	USDCHF	0.80743

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