Skip to main content

Charting closed trades on Myfxbook

We changed the rules about a bit for the account build challenge. Decreasing starting equity, increasing leverage and some other stuff. This will be the account. https://www.myfxbook.com/members/HoleyProfit/small-account-build/9338433

I wanted to show you an interesting thing that Myfxbook does with Forex trades.

Under the "Brower tab" (About mid page) you see the Forex trades made charted onto candle charts.

https://preview.redd.it/ly64mgm9ql581.png?width=1537&format=png&auto=webp&s=6ca4f278c956ca412cb5c6c7d9e94fe47b19ddbd

And should be able to see the patterns being traded, which are ones we're trading all the time on various things.

https://preview.redd.it/rguxmbpeql581.png?width=1537&format=png&auto=webp&s=605c9d822b5d824727332e414b01b8675a594dec

Here an exit signal and a buy trigger when there's a range and the market is so far unable to break under the 161 of that range.

https://preview.redd.it/4hxccqvjql581.png?width=1537&format=png&auto=webp&s=1ffb13c1bbeb8dbbff02a89bee5c2a575318a313

These can turn into sharp 76 retracements of the last fall.

Unfortunately Myfxbook only has Forex charts for this and it can not be done with SPX etc. But it's a really useful feature for those who want to follow along with strategy examples.



via reddit https://ift.tt/3yr7Low

Comments

Popular posts from this blog

Never under estimate the ability of sceptics of market timing to mis-time the market

I won't name names, we have some here. You'll maybe have noticed them. But it's a generic thing. https://preview.redd.it/7aziwgo6wc381.png?width=1103&format=png&auto=webp&s=264ef5fa77887f4c1a74de6f69192cc842a13131 OP SPX reaction to the 161 : BeatTheBear (reddit.com) https://preview.redd.it/fzqufzlyvc381.png?width=1015&format=png&auto=webp&s=e6a98e35523cbb31a3b67d10dd27594dea026958 These are one hour candles. This post was 3 hours ago. Count them. https://preview.redd.it/qj6ba94gwc381.png?width=1901&format=png&auto=webp&s=a6a18b509ffb36c740cf6a43acfdc885331c9539 (I missed my trade, though) via reddit https://ift.tt/3lyJPu3

I think BTC's now went though the "Typical stages of a market break"

Let's review. First see Typical stages of a market break. : BeatTheBear (reddit.com) ​ Butterfly top: https://preview.redd.it/0cmben3k4k381.png?width=1154&format=png&auto=webp&s=b0323bb9058ff5dde35ba8b592179e09b0662873 Check https://preview.redd.it/2xumdu8q4k381.png?width=1920&format=png&auto=webp&s=cc0b1bf24674b42a3f45e35dfc3f61291a4fbffd First big break https://preview.redd.it/79iv5fgs4k381.png?width=923&format=png&auto=webp&s=6c22f8575280850727acc0d8887dc13df8f70ce9 Range into hard downs. Check. https://preview.redd.it/c2hn32jz4k381.png?width=1920&format=png&auto=webp&s=f87deb48a09b11ef29fe587dd9191fdfe02b6aad If this is the case we should be getting close to the bull trap section of the move (There's still some risk of another down to 38K so be careful with stops if long). ​ In the template we've given this as a double top. https://preview.redd.it/l5l0ghh85k381.png?width=905&format=png&auto=webp&s...