kerstin71's Posts - Page 2

HOW TO CHOOSE A GOOD BROKER? in New Traders Feb 23, 2017 at 18:26

No doubt FCA and ASIC are good regulators but problem is they don’t cover outside of UK and Australia. CySEC is only way to deposit fund outside of a Bank transfer from Asia. I checked the swap rates beside spread before go with Hanseatic, I did test their live trading environment by $100 first.I found ForexPeaceArmy is less trusted due to they put very low and unregulated broker in their inquire list and it seems their inquire period never end. Any broker offer huge % bonus on deposit and huge leverage is not a good broker. Leverage should kept between 1:100-1:200.

EUR/GBP in New Traders Feb 23, 2017 at 12:39

Hope you scalped well my friend. I took out of my positions at .8410 , was nice short from .8620 zone

Spinning Top in Patterns Feb 23, 2017 at 12:18

I never wait to trade after a spinning candle. Now, I want you to clarify something that you will only call a 'spinning' candle if its form at Support or resistant , (in between S/R are fake spinning candle, you should call them regular candle look like spinning )

EUR/GBP in New Traders Feb 21, 2017 at 15:34

http://www.myfxbook.com/files/kerstin71/EURGBP_Updates_20170221_190313.pngMy EURGBP view remains same. We would still see downward pressure. Article 50 will be trigger at March till then I will follow the price action. EUR is too much over valued. Most of the EU nations need much lower EUR. Ahead of March I will leave GBPUSD as it is and stay with other weaker currency against GBP. Follow price action on naked chart avoid indicators and autochartist (which is total B.S).

EUR/GBP in New Traders Feb 19, 2017 at 08:38

http://www.myfxbook.com/files/kerstin71/EURGBP_Update_20170217_194727_8O.pngI am bearish at EURGBP due to a downtrend. I believe EURGBP is going to make a Resistant between .85718-.86262 .

EUR/GBP in New Traders Feb 19, 2017 at 07:35

My friend, I can assure you that my Support & Resistant are perfect. Most price action traders just put it in wrong place. and I didn't mind you say that, you would not have if you taken this course http://fxtemper.com/core-price-action-course/ Anyway, My trade setups will take max 2 weeks more, And I am happy with that. Being a swing trader in Daily candle I know this a long time ago. Here in chart I point out the support and resistant with more clearly by 'hand direction' check it herehttp://www.myfxbook.com/files/kerstin71/EURGBP_Update_20170217_194727.png

EUR/GBP in New Traders Feb 16, 2017 at 07:33

http://www.myfxbook.com/files/kerstin71/EURGBP_Update.pngAs you can see I am holding short at EURGBP from Feb 7 and will run till next Major support .83326 (Low of September 6, 2016) . However, we have a minor support at .84495 (high of Dec 19, 2016). A daily candle needs to close below this price, which will push the price to the support .83326. Anyway, in daily chart price action moves slower and takes time to hit TP. This is something a Swing trader knows very well. (Note: My chart from Hanseatic Broker that is why I mention the date so that you can adjust the price as your chart)All the be...

EUR/GBP in New Traders Feb 15, 2017 at 07:38

I just took long position at GBPJPY Target 144.48 It is more than 190 Pips. and running my EURGBP position since last week. (please adjust your chart, you might have different price)

EUR/GBP in New Traders Feb 14, 2017 at 07:38

http://www.myfxbook.com/files/kerstin71/EURGBP_D1.pngI think previous image link is broken (anyway, I am not good with code)

EUR/GBP in New Traders Feb 14, 2017 at 07:35

Completely , GBPCHF has broken the resistant and it is also a inside bar breakout from a minor resistant. I will be long today.And already running short at EURGBP (1:3 Risk:Reward) , inflation data from UK should help it tomorrow. All the best.[url=https://ibb.co/d7ZnRF][img]https://image.ibb.co/fZA5Dv/EURGBP_D1.png[/img][/url]

EUR/GBP in New Traders Feb 13, 2017 at 07:24

Week (Feb 13-17, 2017)I am shorting EURGBP due to bearish Price Action. Low of Sep06, 2016 (.8333) is serving as support and high of July 06,2016 (which is .86261) serving as resistant. Hope TP will hit next week. I am using Daily chart from Hanseatic Broker, your broker could have different priceImportant: you should follow your money management.

Reduce your trading risk! in General Feb 12, 2017 at 08:10

You can take number of steps to reduce your trading risk. First make sure your broker is well regulated and you should check the trading environment. There was a survey on retails traders and found they made profit from 71% trades but still they are losing money! Most lose trader use excessive Leverage and they move away their Stop Loss and keep praying! So, I bad trade make significant damage to the account. Trader should not favor any single trade but see all trades equal. I am trading with Hanseatic Broker and they keep 1:50 leverage by default unless you change it.And trader should focus o...

What indicator you use for scalping? in New Traders Feb 12, 2017 at 07:47

I don’t use any indicator or EA to scalp. I would rather stick to my Price Action trading as I don’t know what algorithm they used, how good they were and lot more.I think scalper should more focused on their Broker. Low spread, lower the slippage is much better during news. You really should find if your broker allows scalping before creating account. My broker (Hanseatic Broker) has no problem with scalping.

Please help a newbie in New Traders Feb 10, 2017 at 07:49

That is good, I think you can start live trading. But if you feel less confident you can sign up with a broker who has better social trading system. Right now Hanseatic Broker offering Social trading where you can copy the top traders by their swipestox platform. (their social platform is almost like FB, which is fun)

HOW TO CHOOSE A GOOD BROKER? in New Traders Feb 09, 2017 at 08:02

Well said. Spreads, Swap, slippage during high volatility events are important. And I do use ‘Hanseatic Broker’Yes, sometimes their live support delay couple of minutes if I remain in a que, but trust me I had more bad experience with other big brokers!

Do you prefer fixed spreads or dynamic spreads? in New Traders Feb 08, 2017 at 07:47

I hate fix spread. That is impossible for a broker to get a fix spread from liquidity providers. And I found most of the traders has bad idea. Sometimes Broker hit stop loss intentionally. Live floating spreads are better as you know when they are going to high and can do something about it.ECN/STP and MM does not matter if you are using well regulated broker and know how to make profit. Broker will automatically put you in their A book/B book if you lose more than 30%. I am using Hanseatic Broker and faced no such problem so far.

Can't withraw funds from a broker. Help! in New Traders Feb 07, 2017 at 07:59

You really should have chosen a regulated broker. You should also check their license number in the website of regulation authorities. Try to avoid unknown broker. I am trading with Hanseatic broker and found them okay so far. They are also CySEC regulated as you know recently this regulator became much stricter capping leverage at 1:100 (or 1:50) so I find my trading much safer now under them.

Spinning Top in Patterns Feb 07, 2017 at 07:52

I found Spining Top candle are very strong signal for revarse every time I traded. I love them most after Pin bar

Are you loosing money in forex? in New Traders Feb 05, 2017 at 08:20

I lost more than 10% last month. One of my FB friend referred me to Myfxbook to follow someone experienced. I surf few profile (mostly who has higher profit in %) who has real account portfolio here. I found the system/traders has lower fund but higher growth in percentage! They can take high leverage and get lucky! So, I want to find someone who has fund more than 10K in real account and having good track record. Can anyone help me to find the right person here? Oh! I have seen Major Big brokers logo here. I am trading with Hanseatic Broker, would that be a problem to copy the trades?

Auto-trading with macOS (or linux?) in New Traders Feb 05, 2017 at 08:13

Running MT4 in Mac would be far better than using it into a Linux by Wine. My personal experience with 'Wine' is bad. I was unable to save profile with an EA! So, I had to do it over and over again.

All Quotes
AUDUSD	0.65444	USDCHF	0.9117
EURJPY	168.164	EURCHF	0.97847
EURGBP	0.8577	GBPJPY	196.04
EURUSD	1.0732	GBPUSD	1.25104
USDJPY	156.697	USDCAD	1.3645

EURUSD	1.0732	GBPUSD	1.25104
USDJPY	156.697	USDCAD	1.3645

Posts by kerstin71