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Should I burn my money instead of giving it to stop bots?

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May 22, 2012 08:42 am
CFXsignals User

Envois: 359
Membre depuis: 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.

May 22, 2012 07:19 pm
leebut User

Envois: 158
Membre depuis: 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.

May 23, 2012 06:07 pm
CFXsignals User

Envois: 359
Membre depuis: 21/05/2012

Yep, even after they have closed, they are entirely subjective depending on what timeframe your broker is set in!

Jun 14, 2012 11:04 am

Envois: 194
Membre depuis: 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.

Jun 15, 2012 09:37 am

Envois: 194
Membre depuis: 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 .

Jun 27, 2012 02:46 pm
bharat23 User

Envois: 94
Membre depuis: 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.

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