Dislikedso here's the same charts - no notes.
What would you do? Remember you get stopped short.
What is the market telling you? Can you see it's hands?Ignored
Winner/Loser Index 3 replies
A loser coming back for another fight 4 replies
A Loser System Wanted 90 replies
Confessions of a Pip Loser 1 reply
Seasoned newbie and professional $$ loser 36 replies
Dislikedso here's the same charts - no notes.
What would you do? Remember you get stopped short.
What is the market telling you? Can you see it's hands?Ignored
DislikedHi feb,
In the chart below I have shown my lack of confidence to trade the first option.. just not sure on how to go about it.. can you plz help so I can grasp this part of trading naked.. is it a high probable to trade early reversals or too risky? or is just simply worth testing the maket, bcz the payoff it great? if I do test the market on early reversals how do you go by trade managing it best that I can follow the same?
Thank you.
http://www.forexfactory.com/images/attach/gif.gifIgnored
Dislikedthanks feb.
in e/u about a hour ago we had a example of such to go long.. can you tell me how you would have traded this? where entery? where to exit (since it started to go south) or maybe still stay in the trade?
Thank you.
http://www.forexfactory.com/images/attach/gif.gifIgnored
DislikedThe trade failed to go higher and probably was going down on momentum...as for staying on the trade, it depends...I'm a scalper so probably I'll be in and out a few timesIgnored
DislikedThe idea is to make money when the market goes unbalanced. A balanced market is a flat market, for instance. It's hard for me to tell you in charts, cause I don't use them.
Directionality, That's the word I was looking for.....
The idea to spot a reversal is to be the first in line but the idea is to find directionality...in other words, a runner...ok here's something you can do.
Some of my friends trade on pullbacks/rallies off 200 SMA....Although is a crutch, that will give you a perspective on directionality.
200 SMA is not magical,...Ignored
DislikedThank you feb for this post.
I prefer to not use any indicators (sma200 or etc..).
my reliance on candels by spotting H/L or L/H would be a effective way to go? considering the fact that we do everyting in one chart (5min).
Thanks.Ignored
Dislikedwell, yes.....
Just one chart, don't need to cross your eyes looking at many at once!Ignored
Dislikedfeb,
Since I am looking to test the market a lot like you do its important for me to know how and where is health of my market read so I can count on being ahead on my bottomline at end of the month.
are my reasoning for enteries valid and accountable?
Thank you.
chart 1
http://www.forexfactory.com/images/attach/gif.gif
chart 2
http://www.forexfactory.com/images/attach/gif.gifIgnored
DislikedAs far as I can tell all of this seems very legit!
But I am quite the noobie
How many pips do you go for when scalping?Ignored
DislikedIt all depends.. sometimes I bailout quickly and othertimes give it a little room but never give out no more than 20-25pips max.. thats where trading becomes an art.. I am in the stage of learning to accept it as it is and cope with the losing part of it..Ignored