Been scalping all day!
Not for pips... for ideas... for the obvious that is often overlooked. Just
reading other threads.
I can never get my fill of the basic since I tend to be the maverick when
it comes to trading.
So back to studying the basics during boring times.
Why do I violate these rules?
For example: I scalped this from another thread.
Originally Posted by rosso832
Hi all
The Trend is really very important. But, it can be relative in different time frames. We have to find right way, choose right time frame and follow the trend. That`s the way to make some pips.
I also can tell you:"You have to be in the right place at the right time"
GD luck
Hi rosso832,
I agree with all that you say above.
How do you know what the trend is?
Set your favoured time frame.
1. If the graph on the chart starts in the bottom left hand corner and ends in the top right hand corner, the market is going UP.
2. If the graph on the chart starts in the top left hand corner and ends in the bottom right hand corner, the market is going DOWN.
3. If you are still confused, print it off and show it to a 5 year old...they will get it right EVERY time...LOL
The trend is the BEST friend you will ever have in the Forex market.
When you trade with the trend, even if you make a mistake, the market will get you out of your problem....If you make a mistake and you are fighting the trend ...YOU ARE STUFFED, BIG TIME !!!
EVERYONE SHOULD TEST OUT THIS VERY UNUSUAL AND RARELY USED STRATEGY;
1. buy/ sell ONLY in the direction of the major trend and
2. buy/sell on dips.(Use support lines to guide you as to price... I also use the 50% Fib ratio..and "round numbers"....That's it, nothing else.)
3. bank your profits
__________________
Jacko
Not for pips... for ideas... for the obvious that is often overlooked. Just
reading other threads.
I can never get my fill of the basic since I tend to be the maverick when
it comes to trading.
So back to studying the basics during boring times.
Why do I violate these rules?
For example: I scalped this from another thread.
Originally Posted by rosso832
Hi all
The Trend is really very important. But, it can be relative in different time frames. We have to find right way, choose right time frame and follow the trend. That`s the way to make some pips.
I also can tell you:"You have to be in the right place at the right time"
GD luck
Hi rosso832,
I agree with all that you say above.
How do you know what the trend is?
Set your favoured time frame.
1. If the graph on the chart starts in the bottom left hand corner and ends in the top right hand corner, the market is going UP.
2. If the graph on the chart starts in the top left hand corner and ends in the bottom right hand corner, the market is going DOWN.
3. If you are still confused, print it off and show it to a 5 year old...they will get it right EVERY time...LOL
The trend is the BEST friend you will ever have in the Forex market.
When you trade with the trend, even if you make a mistake, the market will get you out of your problem....If you make a mistake and you are fighting the trend ...YOU ARE STUFFED, BIG TIME !!!
EVERYONE SHOULD TEST OUT THIS VERY UNUSUAL AND RARELY USED STRATEGY;
1. buy/ sell ONLY in the direction of the major trend and
2. buy/sell on dips.(Use support lines to guide you as to price... I also use the 50% Fib ratio..and "round numbers"....That's it, nothing else.)
3. bank your profits
__________________
Jacko