mikekcau

G'day guys, I hope im putting this thread in the correct section.. I just wanted to ask all u mt4 users out there, how do u net lot positions? For example, just say I buy 1 Lot and then 5 mins later I sell .5 lot, instead of having 2 trades open (1 buy and 1 sell), how can I net the positions so it just says appears as 1 trade showing .5lot long? I know its possible cause Ive done it b4 but ive since forgotten. The reason I ask this is that not having the ability to net positions is really confusing when u scale in, and it makes it hard when u want to close the positon cause u have to open up every trade manually and close them all. any help would be appreciated guys!

I agree....i find the most interesting concept in trading is that people can make money ANY number of ways. the trick is to find out what way suits ur personality. find your strengths, discard ur weaknesses.

cheers, this is ust what ive been looking for. In my trades i like to look for confluence and areas of price cluster. ive been looking to incorporate pivot points into my trading strategy. just as a general note tho...do u guys trade forex? and if so, what time frame do u find suits best...currently i use 12EST to 12EST coupled with 12GMT to 12GMT.

hey bootstrap, thanks for the reply. i see what u mean...to me using the opening range on the local market in which the base currency is used seems logic. do u count the whole 24hours as a session? i would think only the more volatile hours (or the major bank hours) in which that particular currency is traded should be used.

Hey guys, I've been reading your posts and all are very interesting, however something has been plaguing me when trying to trade ACD with FX and i was wondering if I could grab your guys suggestions When calculating A, C pivot points etc for the FX markets, do you take the 24 hours into account or just the 'session' that you are trading. For Example, London session is approximately 2:am to 12pm EST so would you arrange to calculate A, C and pivot points based on price occurring ONLY within this range or would you include the whole 24 hours. Whilst only including the session is logical, the problem then becomes that most FX charting software only calculate the ATR (used for A and C points) for the WHOLE 24 hours, thereby 'diluting' the calculations of your various points. ANy suggestions? Much appreciated

Hey guys, Has anyone still got the 6 part nymex Seminar? Could someone please provide new links as the ones that were posted previously are now broken. Much appreciated!