Please Help Me to Make a Difference

hi happy campers< Forex not lookin good this morning. I’ll waint until 5pm today My question is i was told that there is a way for me to make money in forex: 1 is signal providers , now i did open up an FXCM micro account, i was told that signal providers don’t provide signals what they do is:
once i except a signal provider company or etc. then what ever profit they make i get some of that profit, is that true?

I was just that the catch with that is i have to look very closly when chosing a Signal Provider. again is that true? Someone please help out

thats funny can she drive or what LOL

a mercedes benz at that

Vahid, thanks so much for your great website and analysis! I was wondering, which forex broker(s) do you use or recommend? I am looking for one which will let me use MetaTrader 4 and that is honest and easy to withdraw from. I also want tight spreads and quick order fills, but mainly just an honest company to deal with. Thanks in advance!

Cory

Hi Vahid,

What benefits of Dukascopy do you like?

Hi Vahid,

I see some pin bars on the daily TF for Audjpy, Cadjpy,Eurjpy, usdjpy (this last one looks interesting as it closed above the monthly P.P)

Best regards,
fxyts

No positions today….

Thanks for your advice on brokers. I have one more question. How does your trailing stop work? (Please explain with an example if possible). I don’t understand how your stop-loss could be bigger than the trailing stop.. it seems like the trailing stop would always be hit first. Sorry, I hope this isn’t a stupid question. I programmed my own EA with a trailing Stop and it just goes up whenever the stock reaches a new high (for example, if it is set to 80, then it is always 80 points behind the highest recent high of the stock), so I never lose more than 80 pips (barring a big news event, etc.) Thanks so much for your advice! I really want to understand more of your system of putting in trades.

Cory

I am now a PROUD member of Vahid Pips @ kiva.com!!! What a great Idea.

Hi Vahid,

I’m learning Forex and using your signals on a demo. Pls tell me what chart should I use these signals on (H1, H4…etc)?

Thanking you in advance

Hi Vahid,

I have been enjoying learning forex from you and I appreciate your desire to help others.

I know it is overtaxing for you to give an analysis for your trades, but I was wondering if instead you coulc give a brief description of the trades such as “4h Head and Shoulders breakout”. Perhaps ther could be a column before the “results” column where you could put this. In this way, perhaps most of the discussion could be done by us, your “students”, and you would not have to spend so much time answering questions. Perhaps it would save even more time for you?

Anyway, thanks for what you do. It is a lot already and I am thankful that I found your site.

Eli

Brother Vahid,
Peace Be Upon You

Thank You, God Bless You ,
شكرا وبارك الله في اعمالك

Best regards,
M.Suliman

Dear Vahid,

Regarding trailing stops, have you ever tried tu use them in “steps” instead of “pip by pip”?
Something like: “Once you have 40 pips of profit, move SL to BE, and from there, every 20 pips of additional profit move SL 20 pips ahead, and if you have more than 60 pips of profit move SL 5 pips every 5 pips of aditional profit”
It is just an example.
I am asking this because my trading platform (Ninjatrader) has this capability (don’t know if others have too) and seems interesting.
It seems to make sense that using “steps” instead of “pip by pip” allows certain kind of retracement in the way of the profits, avoiding the fact of beeing stopped the first pip moving against you.
Thank you very much!

I use NT and find that adjusting the step frequency helps give the trail a little buffer from the quick pops.

Hi Vahid!
New question,

Regarding, Dark Cloud Cover ande Piercing Line, it’s clear they are reversal signs, ant that you must wait for the third candle to overpass the high (or bottom) of the previous candle, but, would you enter (or exit) as soon as this level is hit or (as you always recomend for other patterns) you must also wait for the complete formation of that confirmation bar?
Thanks a lot for your help!

jm

Hello Vahid!
This is the first time I write to you so the thing I must do is to thank U on everything you’ve done for all ‘concerned’ traders like me. I’m so thankful to God & U, it just happened that I came across your website few months ago (2008) when I was looking for good reading materials from internet to upgrade my forex knowledge. Frankly your materials/ writings, etc on forex is a class above others, and again I’m grateful to know a good person like U in this bussines.

Back to the issue of overconfidence, I think I understand better than few other traders (those who have no experience).. Just to share my experience, I’m still very very raw in this field (less than 1 year) but after few bad trades (actual more than few) I discovered few tips/ theories for my own trade. So next few days I started to trade using those theories and YES IT WORKED! After sometimes I started to feel overconfidence with my trade. Believe it or not I had experience in I day trade (normally I make betw. 10-20 trades per day) I achieved 100% profits (although not much for each trade) for all those trades! BUT God wanted me to learn again & again. The following week the story was different, my overall daily result was LOSS for the whole week!, meaning every day that week at the end of the day my trade suferred loss! It taught me a lot. What? I MUST learn again and again, looking for other basics/ angles, systems, etc.
Sorry if the story bored U, but just to tell U & others that what U wrote happened to me & most important thing (to me) don’t be overconfidence, always have fears in each trade I took & always look for other’s advices/ systems/ theories to upgrade myself.

Best regards, azmi