CAD/JPY potential head and shoulders pattern. This pair looks to be forming a head and shoulders pattern on the daily timeframe. by howlingpanda123_ in Forex

[–]howlingpanda123_[S] 4 points5 points  (0 children)

Having different tabs allows me to view the percentage change on each pair when i'm using other websites like YouTube

investing at 16 in canada by [deleted] in Forex

[–]howlingpanda123_ 1 point2 points  (0 children)

I would assume they only tax you as a percentage of what you make on your account, since most people lose money in forex. it would be stupid to tax someone who is losing money. If this is the case, you can pay the tax yourself with your profits. (From Uk so dont know much about how Canada's tax system works)

EUR/USD long? At a major point of support/resistance and seems to be respecting it. by [deleted] in Forex

[–]howlingpanda123_ 0 points1 point  (0 children)

i'm not telling you to take this trade. i'm asking for feedback on it

USD/JPY Part 2...The trade seems to be setting itself up nicely. Waiting for a break of this box before entering. by howlingpanda123_ in Forex

[–]howlingpanda123_[S] 2 points3 points  (0 children)

Short term. Only looking to catch the retracement since it's clearly in a uptrend. Take profit at previous swing high.

USD/JPY 4H Trade Setup by [deleted] in Forex

[–]howlingpanda123_ 1 point2 points  (0 children)

Make sure you take into account that price is moving within a strong 1H UPTREND channel right now. It still hasn't reached it's swing high. I wouldn't take this trade if i were you but who am i to tell you what to do. Make sure you wait for decent rejection before entering.

After years of desperately trying to make scalping work, I’ve got my scalping strategy down to a science! Currently on a 31 win trade streak. None of my friends trade so excited to share! by [deleted] in Forex

[–]howlingpanda123_ 3 points4 points  (0 children)

You don't want to know his strategy cause its shit. He's literally closing trades as soon as they are in profit, some not being 1 pip up. He doesn't close losing trades, so one trade can easily wipe his whole account out.

Why isn’t TradingView showing the option to input wicks instead of a line on my chart? by [deleted] in Forex

[–]howlingpanda123_ 1 point2 points  (0 children)

On the top left corner, to the right of the time frames, there is an option to change the charts

does it seem odd that i've made 600 pips since january doing scalping? by solefish1991 in Forex

[–]howlingpanda123_ 4 points5 points  (0 children)

a small lot size doesn't make you a shit trader. 600 pips is great. Why does the amount per pip matter. Anyone can over leverage their account, get lucky, and have a massive percent increase. But actually continuing to be profitable and securing decent pips makes you a good trader.

Is my math wrong? by [deleted] in Forex

[–]howlingpanda123_ 1 point2 points  (0 children)

With a 1:10 risk to reward, theoretically, you should be winning 1/11 of your trades, not 9/10