US 10 year bond yields up - longs beware
- #50,502
- Oct 5, 2018 7:46am Oct 5, 2018 7:46am
- Joined Apr 2006 | Status: Trader | 2,429 Posts
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
- #50,508
- Oct 5, 2018 7:52am Oct 5, 2018 7:52am
Viola! And NFP successfully cleaned up both sides
I bet a lot of traders are not laughing now, and my only regret is I didn't close at that support.
I hope the down trend continues after this cleanup
Time will tell.
I bet a lot of traders are not laughing now, and my only regret is I didn't close at that support.
I hope the down trend continues after this cleanup
Time will tell.
- #50,509
- Oct 5, 2018 7:53am Oct 5, 2018 7:53am
{quote} i get confused about entry from the daily your only entry is 5 est ny close right can you just use market orders from there then?
This is why you have to be patiend, yo have to be ready for looking at your charts and do nothing for hours and days!
When I started doing forex my first aproach was binary options! and then I entered to the forex world but with the mind of doing money the fastest I can , as everyboy I think .. I belive this phase is part of the process , someone can do it scalping with a certainly amount of success but many other like me fall into the account that doing big time charts can save your ordinary work , and life!! Belive I was derange checking 4 hr 1h , 15min and 5 min charts ...
Go to the big time lapses and wait for engulfing candles , pin bars where the price open and close are in the range of the previous candle, big shadows like the one I am trading since de close of the last week, H&S ... etc I recommend you to study what does de body of the candle means in a trend, their wicks and maybe one of the most important thing Support and Resistance very well draw...
Check volume bars!! many people says this is effort less in forex , but belive me , when you see a engulfing candle with sustained volume , in an area of support or resistance, with a sign of momentum in the RSI you can have maybe the 80 % of succes in that trade, obviously it comes then when do you get out and your well stop loss position etc .. but I recommend you to try it!! and recover your life
I can gladly help you in to this journey. !
- #50,510
- Oct 5, 2018 7:56am Oct 5, 2018 7:56am
- | Joined Jul 2018 | Status: Trader | 1,514 Posts
{quote} Yes , I had trade eod and end of the week. Usually the charts that I trade are weekly, 12h,8h and the 4h chart to check closely. Belive me its better, doing big time lapses you will always catch a big amount of pips with less effort. But you have to be ready for be patient. In fact I believe you get money in this bussines for being patient and not for trading per se.
buy the rumor,sell the news
- #50,511
- Oct 5, 2018 7:56am Oct 5, 2018 7:56am
- Joined Apr 2006 | Status: Trader | 2,429 Posts
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
- #50,514
- Oct 5, 2018 7:59am Oct 5, 2018 7:59am
- Joined May 2014 | Status: Full Time Trader | 27,147 Posts
Focus only on what truly matters!
- #50,516
- Oct 5, 2018 8:02am Oct 5, 2018 8:02am
- | Joined Jul 2018 | Status: Trader | 1,514 Posts
buy the rumor,sell the news
- #50,517
- Oct 5, 2018 8:03am Oct 5, 2018 8:03am
- | Joined Jul 2018 | Status: Trader | 1,514 Posts
buy the rumor,sell the news
