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- FXEnjoyment replied Jan 13, 2013
At the open or close of a market you will experience some volatility. Sometimes a trend reversal. In most cases a W&R pattern (see: DiNapoli) will occur. As long as you keep an eye on the Fibonacci levels and the weekly and monthly pivots there is ...
Closing London trades before NY session gets going
- FXEnjoyment replied Dec 29, 2012
Why trading during the holidays? No volumes, all the pro's are spending their time with their family. Why bother? Take your time off. Take a break. Study your strategies and your trading log, educate yourself, but never trade live during holidays. ...
XM
- FXEnjoyment replied Dec 29, 2012
And this is exactly the point why I trade with 5 carefully selected brokers. When one goes down, I have still 4 left and I loose only 20% of my trading capital, instead of 100%. You need to spread your risks, never put all your money on one horse !!
Vantage FX Broker Discussion
- FXEnjoyment replied Dec 21, 2012
I totally agree with you Kanzler. I have seen a very experienced trader lose everything within a couple of seconds, just because he did not use a stop-loss. This was a million dollar account. He never recovered from this blow. Lost his family and ...
How can I be sure that my SL is in the right place?
- FXEnjoyment replied Dec 21, 2012
Hi, With this DiNapoli AB=CD pattern you are at the beginning of your journey. Start to connect the swing lows from right to left with eachother, in order to draw the up trend. Connect the swing highs from right to left with eachother in a ...
How can I draw trend lines correctly?
- FXEnjoyment replied Dec 21, 2012
As a rule you should risk not more than 2% of your account balance. So when you enter a trade you can calculate your lotsize and place your SL in accordance with this rule. Also your lotsize and SL depends on the timeframe you are trading. As a rule ...
How can I be sure that my SL is in the right place?
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