josi wrote: Wed Nov 18, 2020 1:15 am
These discussions are a waste of time.
Could you have entered after all those higher lows this screenshot shows? Could you have stayed in the trade until price turned?
If yes, you can make money, if no, you can't
The rest is just conspiracy theory (the banks are against me etc).

XARD: 4 & 5 Days to generate 100 to 150 Pip$ that can be generated 3 times per Day on Indices.
And yes - Xard - as so often you are quite right.
XARD: The thing is, not everyone has access to Indices or Commodities so they make do with the devil that they have. Really it is a crying shame but it is what it is.
I would tell them to look for the higher moving ADR like that of GBPNZD, EURNZD and the like and trade them as they should generate greater pips more frequently than the others.
If you post the same D1 charts of GBPNZD & EURNZD for comparison you should see a big difference in their movement.

Thank you for your response. Maybe I wasn't clear about how I use indices. I created an account with LiteForex and created a system that alerts me when the currencies diverge. It's the only way to trade that's logical. Once I see a currency gets strong or weak at the same time, I confirm the setup on my broker chart and trade accordingly. I just make sure I'm not at a S/R level. For example, in the pic I've posted, is a 5 EMA channel (one set to Hi/Low/HLC3), ADX (2) and a MTF Hi/Low indicator. Once a channel is broken and the ADX in is place, I look to the corresponding pairs that align and place a trade.

From this, you can see that AudUsd, NzdUsd would have been profitable trades. By the way, I flipped LFXJPY (under properties) because candles going up means weakness and candles going down means strength. But the ket is to confirm on your broker's chart.

XARD: Place Borders indy on one of your charts, it will give you more screen space.
It looks nice, can you post a template to try out?