General Trading Discussion Digest for Thursday September 28, 2017

2 new threads and 8 replies from 7 authors in the "General Trading Discussion" community ... I am new here, live in Porto Alegre very south of Brazil, I have been trading stock market for 17 years, What brought me to forex was a huge... [Complete Currency Trader]() [General Trading Discussion]( [Post New Message](mailto:COMPLETECURRENCYTRADER-generaltradingdiscussion@ConnectedCommunity.org) [] Sep 28, 2017 started 6 hours ago, [Dirceu Franciscop De Nadal]( (0 replies) [ROBOT]( [external link to thread view]( 1. [I am new here, live in Porto Alegre very south...](#m0) Dirceu Franciscop De Nadal started 16 hours ago, [Aggrey Moletsane]( (0 replies) [COURSE]( [external link to thread view]( 2. [Hello to you all, I am on my going for my 3rd...](#m1) Aggrey Moletsane started yesterday, [Steve Woods]( (3 replies) [Recording package]( [external link to thread view]( 3. [Hi Steve, I use Camtasia as well, but there...](#m2) Brian Stickney 4. [Hello Thanks guys for your help i will check...](#m3) Steve Woods started yesterday, [Anush Mohafez]( (1 reply) [technical issues on the dash]( [external link to thread view]( 5. [Hi Anush, Thank you for the "bump" on this...](#m4) Brian Stickney started yesterday, [Jenny Leyland]( (1 reply) [MVM]( [external link to thread view]( 6. [Hi Jenny, Thank you for your posting.  I am...](#m5) Brian Stickney started 2 days ago, [Roderick Burdon]( (3 replies) [Currency Strength Chart]( [external link to thread view]( 7. [Hi Roderick, Thank you for your email.  If...](#m6) Brian Stickney 8. [Chart stuck again it hasn't changed all day. ...](#m7) Darryl Stickney Stickney started 3 months ago, [James Edward]( (12 replies) [Ask James Anything]( [external link to thread view]( 9. [Thank you very very much Mr Edward for taking...](#m8) Robert started 4 months ago, [Brian Stickney]( (50 replies) [Please Introduce Yourself]( [external link to thread view]( 10. [Good all my name is Charlin Sergio , Ive been on...](#m9) Charlin [] [top](#toca) [next](#m1) 1. [ROBOT]( [Reply to Group](mailto:COMPLETECURRENCYTRADER_generaltradingdiscussion_62f569f8-124f-4d98-b981-81ae8f056f16@ConnectedCommunity.org?subject=Re: ROBOT) [Reply to Sender]( [Dirceu Franciscop De Nadal]( Sep 28, 2017 5:45 PM [Dirceu Franciscop De Nadal]( I am new here, live in Porto Alegre very south of Brazil, I have been trading stock market for 17 years, What brought me to forex was a huge oportunities we have everyday at this market. started at forex in June/17, after a couple of weeks started looking for a single chart of each individual currency, found mataf.net. Since I have a trade system with some experience on it, am thinking of run this system on each individual currency. The fact is: A system can do much better than a trader, trying to find someone to code it. Dirceu Francisco De Nadal dirceudenadal@globo.com [Reply to Group Online]( [View Thread]( [Recommend]( [Forward]( [] [top](#toca) [previous](#m0) [next](#m2) 2. [COURSE]( [Reply to Group](mailto:COMPLETECURRENCYTRADER_generaltradingdiscussion_3d25378a-6477-4a55-85c0-523f15c54c5e@ConnectedCommunity.org?subject=Re: COURSE) [Reply to Sender]( [Aggrey Moletsane]( Sep 28, 2017 7:40 AM [Aggrey Moletsane]( Hello to you all, I am on my going for my 3rd lesson and already i feel like a millionaire, i thank God im here. ------------------------------ AGGREY MOLETSANE MAHALAPYE BOTSWANA +26771303459 ------------------------------ [Reply to Group Online]( [View Thread]( [Recommend]( [Forward]( [] [top](#toca) [previous](#m1) [next](#m3) 3. [Re: Recording package]( [Reply to Group](mailto:COMPLETECURRENCYTRADER_generaltradingdiscussion_874a0543-c4cf-4511-bf06-b3162fee80e4@ConnectedCommunity.org?subject=Re: Recording package) [Reply to Sender]( [Brian Stickney]( Sep 28, 2017 7:44 AM [Brian Stickney]( Hi Steve, I use Camtasia as well, but there are other recording packages that are great and much less expensive.  I tested one called Movavi (movavi.com) that was around $80.  I think there are even some free packages out there as well. Movavi is a really good video capture software.  I was just more comfortable with Camtasia so I stuck with what I already knew.  You might check it out. ------------------------------ Brian Stickney ------------------------------ [Reply to Group Online]( [View Thread]( [Recommend]( [Forward]( ------------------------------------------- Original Message: Sent: 09-27-2017 12:39 From: Steve Woods Subject: Recording package Good afternoon everyone Could anyone suggest a recording package to video my trading sessions to help with feed back loops.I did ask this question in Brian's class on Tuesday afternoon. I know this can be done online with a search but i wondered if any of you have been using the same one for some time and found it beneficial and most of all user friendly. Have a great trading week ------------------------------ [Steve ] Woods Steve ------------------------------ [] [top](#toca) [previous](#m2) [next](#m4) 4. [Re: Recording package]( [Reply to Group](mailto:COMPLETECURRENCYTRADER_generaltradingdiscussion_2acb9ae6-9c78-44e0-acc2-ac82ddd9871a@ConnectedCommunity.org?subject=Re: Recording package) [Reply to Sender]( [Steve Woods]( Sep 28, 2017 10:25 AM [Steve Woods]( Hello Thanks guys for your help i will check these ones out ------------------------------ [Steve ] Woods Steve ------------------------------ [Reply to Group Online]( [View Thread]( [Recommend]( [Forward]( ------------------------------------------- Original Message: Sent: 09-27-2017 12:39 From: Steve Woods Subject: Recording package Good afternoon everyone Could anyone suggest a recording package to video my trading sessions to help with feed back loops.I did ask this question in Brian's class on Tuesday afternoon. I know this can be done online with a search but i wondered if any of you have been using the same one for some time and found it beneficial and most of all user friendly. Have a great trading week ------------------------------ [Steve ] Woods Steve ------------------------------ [] [top](#toca) [previous](#m3) [next](#m5) 5. [Re: technical issues on the dash]( [Reply to Group](mailto:COMPLETECURRENCYTRADER_generaltradingdiscussion_070dfe8e-fc61-46b6-b6f7-aa100b5fd1af@ConnectedCommunity.org?subject=Re: technical issues on the dash) [Reply to Sender]( [Brian Stickney]( Sep 28, 2017 7:56 AM [Brian Stickney]( Hi Anush, Thank you for the "bump" on this topic.  I have only seen that happen once or twice during my trading hours.  If you see a flat line like that, it would mean that there was some sort of data interruption with the feed that services the dashboard. As with anything that relies on data coming in from external sources we could see a brief interruption from time to time, but this certainly should not happen often.  In the months of using the new dashboard, I have only seen this happen once or twice. If you see it happen again, please note the time and send an email over to support so that we can investigate a bit further. Kind Regards, Brian ------------------------------ Brian Stickney ------------------------------ [Reply to Group Online]( [View Thread]( [Recommend]( [Forward]( ------------------------------------------- Original Message: Sent: 09-27-2017 05:32 From: Anush Mohafez Subject: technical issues on the dash Hi, I reported some while ago in the library some technical issues: [here]( Can anyone explain what happens if currency lines seem to freeze? And is the library overseen by CCT stuff as well? Cheers, Anush ------------------------------ Anush Mohafez Retail FX Cherry Picker Switzerland ------------------------------ [] [top](#toca) [previous](#m4) [next](#m6) 6. [Re: MVM]( [Reply to Group](mailto:COMPLETECURRENCYTRADER_generaltradingdiscussion_0710424d-3c70-4de4-a12b-9cbc3a479be9@ConnectedCommunity.org?subject=Re: MVM) [Reply to Sender]( [Brian Stickney]( Sep 28, 2017 10:59 AM [Brian Stickney]( Hi Jenny, Thank you for your posting.  I am not familiar with the acronym "MVM" although I would venture to guess that perhaps it has to do with market momentum. We use our currency strength tool to gauge view the market and identify currencies that we may like to pair together based on their strength/weakness.  You can find a free version online here: [Currency Strength Indicator]( We do not watch specific price levels, instead we choose to trade based on steep divergence between to major currencies as this often creates an imbalance that we can take advantage of. James goes in to detail about this in the first few lessons of the introduction course. Kind Regards, Brian ------------------------------ Brian Stickney ------------------------------ [Reply to Group Online]( [View Thread]( [Recommend]( [Forward]( ------------------------------------------- Original Message: Sent: 09-27-2017 03:28 From: Jenny Leyland Leyland Subject: MVM Hi, I would like to know more about the MVM and the various levels please. Is there somewhere where I can find this info? Tia ------------------------------ Jenny Leyland Leyland ------------------------------ [] [top](#toca) [previous](#m5) [next](#m7) 7. [Re: Currency Strength Chart]( [Reply to Group](mailto:COMPLETECURRENCYTRADER_generaltradingdiscussion_4bcdaee2-f4e2-4f5b-b03b-419645a02469@ConnectedCommunity.org?subject=Re: Currency Strength Chart) [Reply to Sender]( [Brian Stickney]( Sep 28, 2017 11:33 AM [Brian Stickney]( Hi Roderick, Thank you for your email.  If you are struggling with the colors of the lines and can not find alternative colors to make them easier to read, you can actually change the line type or thickness.  I've recorded a quick video to help: [CSI line changes]( Screencast.com remove preview CSI line changes Free online storage and sharing with Screencast.com. 2 GB of storage and 2 GB of bandwidth per month for free. We won't compress, alter or take ownership of your content. [View this on Screencast.com >]( I hope this helps! Kind Regards, Brian ------------------------------ Brian Stickney ------------------------------ [Reply to Group Online]( [View Thread]( [Recommend]( [Forward]( ------------------------------------------- Original Message: Sent: 09-26-2017 12:54 From: Roderick Burdon Subject: Currency Strength Chart Hi Folks I'm having difficulty relating colours of the lines on the chart to the tell-tale colours at the top, even on a decent-sized (19in) monitor. CHF and CAD are so similar that it is hard to identify them or tell them apart on the chart and the same goes for EUR and GBP, The tell-tale for USD is invisible and that for NZD is very faint. I've watched James's installation video again and can see the facility for editing the colour but I don't think there are are a sufficient number of distinctive colours in the palette to provide clear differentiation. I don't think I have any colour-blindness problems,either. Is it just me needing to stop being a cheapskate and spring for a better monitor or are others struggling? One answer might be stronger lines on the chart to make the colours stand out more, or text signals on the chart to identify the currency if you hover the cursor over a line? One for the wish list in in a future update of the software, perhaps? ------------------------------ Roderick Burdon ------------------------------ [] [top](#toca) [previous](#m6) [next](#m8) 8. [Re: Currency Strength Chart]( [Reply to Group](mailto:COMPLETECURRENCYTRADER_generaltradingdiscussion_58841586-aa4a-4645-8b39-cc072667e408@ConnectedCommunity.org?subject=Re: Currency Strength Chart) [Reply to Sender]( [Darryl Stickney Stickney]( Sep 28, 2017 7:39 PM [Darryl Stickney Stickney]( Chart stuck again it hasn't changed all day. ------------------------------ [Darryl] [Stickney] [Renton [WA] [206-794-0458] [Darryl] ------------------------------ [Reply to Group Online]( [View Thread]( [Recommend]( [Forward]( ------------------------------------------- Original Message: Sent: 09-26-2017 12:54 From: Roderick Burdon Subject: Currency Strength Chart Hi Folks I'm having difficulty relating colours of the lines on the chart to the tell-tale colours at the top, even on a decent-sized (19in) monitor. CHF and CAD are so similar that it is hard to identify them or tell them apart on the chart and the same goes for EUR and GBP, The tell-tale for USD is invisible and that for NZD is very faint. I've watched James's installation video again and can see the facility for editing the colour but I don't think there are are a sufficient number of distinctive colours in the palette to provide clear differentiation. I don't think I have any colour-blindness problems,either. Is it just me needing to stop being a cheapskate and spring for a better monitor or are others struggling? One answer might be stronger lines on the chart to make the colours stand out more, or text signals on the chart to identify the currency if you hover the cursor over a line? One for the wish list in in a future update of the software, perhaps? ------------------------------ Roderick Burdon ------------------------------ [] [top](#toca) [previous](#m7) [next](#m9) 9. [Re: Ask James Anything]( [Reply to Group](mailto:COMPLETECURRENCYTRADER_generaltradingdiscussion_6d5a296e-7a88-483b-ac50-b26274299189@ConnectedCommunity.org?subject=Re: Ask James Anything) [Reply to Sender]( [Robert]( Sep 28, 2017 9:44 AM [Robert]( Thank you very very much Mr Edward for taking the time and effort to answer my questions I really appreciate it!  Most often these key bits of advice make all the difference.  Everything you say makes so much sense!  Sorry to bombard you with noob questions especially if they have been answered elsewhere.  I was also wondering please... Q)  Does the concept of mean reversion (i.e. price eventually returning to a moving average) ever play a factor in your decision to take a trade? Q)  When trading the M5 timeframe do you ever reference the higher timeframes for your trade decisions?  Q)  Do you take counter trend trades if the Currency Strength Indicator gives you a strong signal to do so? Thanks heaps in advance, Robert ------------------------------ Robert ------------------------------ [Reply to Group Online]( [View Thread]( [Recommend]( [Forward]( ------------------------------------------- Original Message: Sent: 09-27-2017 14:06 From: James Edward Subject: Ask James Anything Hi Robert, I personally trade with 5 minute charts. The reason for this is due to the ATR stop loss tool that I use. 1 minute charts would give me a little too tight of a stop loss for my preferences. I never wait for a price bar to close. The open and close of a bar is meaningless as there isn't actually an open or close... the price is in continuous motion. I'll enter a trade as soon as I see the price moving the way I want it to, regardless of whether a price bar has just started or is about to end. I've never really looked at renko charts in detail, but from my understanding, they don't show the full range of price movement do they? They work in bricks of fixed size and if the price doesn't create that size, a brick is not painted. So the real price may go up 10 pips, but if the renko is set to 20, no brick appears? For me, price is the most important thing we can analyse so I wouldn't want to use any indicator that removes or ignores any portion of it. ------------------------------ James Edward London ------------------------------ Original Message: Sent: 09-27-2017 12:40 From: Robert Subject: Ask James Anything Btw.  Mr Edward I am soooo sorry.  I sincerely apologize for spelling your surname incorrectly.  I have 2 friends with the surname of Edwards and my little brain was on auto-pilot.  [Facepalm] ------------------------------ Robert Original Message: Sent: 09-27-2017 07:35 From: Robert Subject: Ask James Anything Hi Mr Edwards (and all other fellow members), I am new here so thank you for this great opportunity, I really appreciate it!  I am also relatively new to Forex and from what I can tell so far I like your style, it makes perfect sense.  May I ask please regarding your own personal Forex trading approach please... Q)  Out of the M1, M5 or M15 timeframes which is your favorite? Q)  Do you always wait for the bar/candle to close before entering a trade? Q)  Would you recommend trading off Renko charts? Thanks heaps in advance, Robert PS.  My sincere apologies if these questions has been answered elsewhere, I tried searching but I can often be blind. ------------------------------ Robert Original Message: Sent: 06-22-2017 02:33 From: James Edward Subject: Ask James Anything Stephen, When a chart goes in to a tight range, you need to look at that in context of the day so far. All a tight range really tells you for sure is that there is no real price imbalance or activity right now, but that doesn't mean it won't change later. If London opens and usually has a 80 pip range for example, and in the first hour only moves 5 pips, it is unlikely that's all for the day. There is likely to be some increased movement later. On the other hand if the price moves 120 pips in the first 2 hours and then goes in to a narrow range, then it is more likely that there will be no more movement (or very little) in the same direction and the currency is exhausted. Always try to put things in context of the wider perspective such as time of day, the movements so far, the momentum of the move (speed and range over time) etc. ------------------------------ James Edward London Original Message: Sent: 06-21-2017 08:00 From: Stephen Woods Subject: Ask James Anything James On your point about daily trading ranges, when we see a chart going into a consolidation phase can we assume that a daily trading range has been reached and the instututional orders have more or less finished form that particular day ------------------------------ Stephen Woods Original Message: Sent: 06-21-2017 07:32 From: James Edward Subject: Ask James Anything Maryna, I don't use support and resistance. There is zero evidence to suggest those things even exist and lots of evidence to show that random lines are equally as valid (not valid at all). For support or resistance to be real, it would mean excess limit orders at certain price levels. If a level was resistance above the current price, it would mean there had to be an excess number of limit sell orders there. Vice versa support would mean excess limit buy orders below the current price. Limit orders are visible on level 2 depth of market so everyone would know in advance where these huge orders are. To be hidden, pending orders would need to be market orders, and in this case they would act totally opposite to support or resistance and would in fact accelerate the price in the same direction once price reached and triggered the orders. Support and resistance, like almost all technical analysis, is a figment of imagination born of a human mental trait called Apophenia, which is a tendency to perceive meaningful patterns in random data. We see faces in clouds and patterns in random price movements. None of it is real and doesn't offer any edge in trading. My style of trading is very simple. I buy currencies going up and sell them going down. I don't know why they are going up or down and I can't predict that direction or how long  it will continue, but I do know that due to the order flow structure and micro-mechanics of an auction market environment, if I pair strength against weakness and wait for momentum (which is the rapid consumption of liquidity behind the market), I have a slight edge that will play out over the long term. Your breakout trading is a great example of something simple, that works because it follows the market. Your use of daily ranges is a good technique. A pair will have an average daily range because of how much interest there usually is on the pair, and how much money is usually exchanged. To move the EURJPY 100 pips in a straight line (1000 price levels), will typically take a billion Euro's. That's a lot and rarely does any participant or group of participants deal with more than that in a day; hence 'average' ranges. If the price has reached the daily average, it is a sensible bet that it won't go much further. Obviously it can, but more often that not it won't. Reaching a daily range doesn't mean the price will reverse either... just that normally it has run out of money and not much more will happen. ------------------------------ James Edward London Original Message: Sent: 06-21-2017 02:38 From: Maryna MURRAY Subject: Ask James Anything Hello James, I watched the video you posted yesterday and found it very informative to see how you use currency correlations in your trading. I've done some research of correlations and for instance that OIL is correlated to CAD and dairy is correlated to NZD for example, so I will always watch the price of Dairy and impact on NZD. This is more related to commodities affecting currencies though, so I will definitely do more research on currency correlations and thanks so much for bringing this to our attention. I also noticed that you don't use resistance/support in your strategy (video), so how do you establish your entries/exits and targets or do hedge-fund managers use other proprietary tools or as I often hear, Pivots? I've tested pivots, but found that they are often "missed" and then tested a missed pivot indicator that seems to be more effective, but I still find "clear" charts with minimum (lagging) indicators the best. No doubt that hedge funds are not using resistance and support, but for now, this is all I have to guide me and I also use the Average Daily range to determine how much a pair can possibly move in a day. Your inputs will be much appreciated! Maryna ------------------------------ Maryna MURRAY Original Message: Sent: 06-19-2017 05:33 From: James Edward Subject: Ask James Anything Please use this thread to ask any and all trading related questions, and I'll do my best to provide answers and advice to help. ------------------------------ James Edward London ------------------------------ [] [top](#toca) [previous](#m8) 10. [Re: Please Introduce Yourself]( [Reply to Group](mailto:COMPLETECURRENCYTRADER_generaltradingdiscussion_bdd0dc04-c61f-41b9-aef2-098ea6255d54@ConnectedCommunity.org?subject=Re: Please Introduce Yourself) [Reply to Sender]( [Charlin]( Sep 28, 2017 4:53 AM [Charlin]( Good all my name is Charlin Sergio , Ive been on the site for a few months now been trading Index futures, Cfds commodities and indices.mostly for a few years as i was never really actually bothered to trade forex, Ive been trading forex for 3 years on and off now. i have to say thank you to the members here as the information that i received from this website, is priceless. Ive giving myself a goal in which i want to better myself in my trading as i love the freedom trading gives me.Ive recently change to mt4 as i was using Oanda and gt247 trading platform. Have a blessed day all ------------------------------ Charlin ------------------------------ [Reply to Group Online]( [View Thread]( [Recommend]( [Forward]( ------------------------------------------- Original Message: Sent: 05-22-2017 07:58 From: Brian Stickney Subject: Please Introduce Yourself Hi! Many of you already know me, for those that don't, my name is Brian Stickney. I've been with CCT since 2012 and help to provide coaching and customer service to our members. I love trading and enjoy helping our members reach their full trading potential. About me: I left the corporate world in 2005 to pursue my own ventures. In 2008 I discovered trading and found that this was exactly the business I had been searching for as it required no employees and could be done from anywhere in the world as long as you had a good internet connection. Like most traders new traders, I had many ups and downs and quickly discovered that a consistent approach and a trading edge are required for success. I met James in 2012 and loved what he had created with the CCT Education. I couldn't stop shouting from the tree tops how great the education is and how it can help new traders. Eventually, James brought me on board to help other members with their education. I now head up our live training room, provide group coaching, and work with individual members to help with their goals. ------------------------------ Brian Stickney ------------------------------ You are subscribed to "General Trading Discussion" as {EMAIL}. 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