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- keabwan1 replied Oct 17, 2014
I don't know what timeframes you look at but I find the weekly, daily and 2 hour charts filter out a lot of the noise and intra day randomness that you are describing.
- keabwan1 replied Oct 17, 2014
I don't really care. If you can say how you would use all that info to trade profitably then I will change my opinion. Just to be clear, all the things you mention are very interesting and informative and good to know in terms of how things work. ...
- keabwan1 replied Oct 17, 2014
And to bring it all together: how do you use all of that info to trade profitably?
- keabwan1 replied Oct 16, 2014
I suggest reading about market profile and market auctions etc. This provides context on what a head and shoulders formation etcetc actually represents in terms of people buying and selling. If you learn the reasons why rather than just seeing a ...
- keabwan1 replied Oct 16, 2014
If you require balls of steel to hedge then I'm not sure what kind of hedging strategy this is? Another thing to think about is the commission you are handing your broker in terms of either spread or actual commission. That's 4 trades you open/close ...
- keabwan1 replied Oct 16, 2014
Look at longer term charts, preferably dailies and weeklies. You'll find that a lot of reversals are actually happening within a bigger move. Or if they are not and there is no support/resistance to the left of the price (I.e. making all time highs ...
- keabwan1 replied Oct 16, 2014
Nico, I suggest that you try to modify your risk tolerance. When starting in fx/any trading, the idea is first to conserve your capital, and then to build on it. Risking 2-4% per trade is far too high as you have found out as you don't need many ...
- keabwan1 replied Oct 16, 2014
It's strong because when markets are in turmoil people rush to safe assets. USD is seen as a safe asset by the big boys. I would not get too hung up on analysing this stuff too much. Just knowing the basics of how things work are enough, the rest is ...
- keabwan1 replied Oct 16, 2014
The best way is to have a specific trading system/edge/whatever you want to call it and stick to it. It will take the emotion out of trading more than position sizing. Doesn't matter if you have £1 or £10 per pip. If you're not sure/not comfortable ...
- keabwan1 replied Oct 13, 2014
Amen to that. If you need an indicator to see the trend then I'd say go back to the drawing board. One simple way-look at the price on the left of the chart. Look at the price on the right of the chart. Is the price on the right hand side higher or ...
- keabwan1 replied Oct 13, 2014
I trade off a 2 hour timeframe that is zoomed out so can't see details of candles and have daily and weekly charts up as well. If price reaches an area I find important on the daily/weekly then I look to see how it is reacting on the 2 hour. Simple. ...
- Posts by Member Search: 'keabwan1'