Should I burn my money instead of giving it to stop bots?
Mensajes: 359
Member since: 21/05/2012
I take it you have noted that the price action of the market goes to considerable efforts to trap traders in bad positions - eg - a false hammer/morning star is created and held for about 10-14 minutes before it suddenly turns into a solid bear/bull candle. You are not alone in this, because it is designed to act this way. Being reactive (trades wise and emotion wise) to the market make you vulnerable to the moves which it is deliberate.
Mensajes: 158
Member since: 16/07/2011
I think candlesticks are somewhat subjective. Someone watching an engulfing candle on a 15-minute chart is nothing like engulfing on a 4-hour chart. Your description of an evolving candle is a very good reason to wait for it to close before entering on its bias.
Mensajes: 359
Member since: 21/05/2012
Yep, even after they have closed, they are entirely subjective depending on what timeframe your broker is set in!
Mensajes: 194
Member since: 26/04/2012
I think you should have to see the market first before you place any of the order and just try to predict the market more carefully and try other pairs too and i am just working hard here in this business.
Mensajes: 194
Member since: 26/04/2012
Well i like to say you one thing that never give up in this business and you just have to try again and again so that one day you will succeed here in this business and be more profitable .
Mensajes: 94
Member since: 26/04/2012
Just stop loosing your funds by using bots and you just try to create your own strategy and knowledge and just keep trying because one day you will surely gonna succeed.