Only Trade Breakouts or Reversals | Forex Factory

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Only Trade Breakouts or Reversals

  • #1
  • First Post: Nov 23, 2018 8:08am Nov 23, 2018 8:08am
Guys, if you're not trading these two things, you need to check your trading strategy. According to my experience, there are only two main things one needs to trade.
1. Breakouts
2. Reversals.
  • #2
  • Nov 23, 2018 8:20am Nov 23, 2018 8:20am
that is true but i have made my indicator with success rate for 2 years 82%
  • #3
  • Nov 23, 2018 9:39am Nov 23, 2018 9:39am
Quoting Prisha
Guys, if you're not trading these two things, you need to check your trading strategy. According to my experience, there are only two main things one needs to trade. 1. Breakouts 2. Reversals.
uhh yea. you either place stop orders or limit orders. essentially people do trade either one of those two. what else is there that people trade?
  • #4
  • Nov 28, 2018 3:20am Nov 28, 2018 3:20am
Quoting hilmy83
{quote} uhh yea. you either place stop orders or limit orders. essentially people do trade either one of those two. what else is there that people trade?
I only learnt this few months ago from one of FreshForex webinars. See, Most people trade things based on time, I really wonder how that really acts. The main idea is that, at such and such as time, GBPUSD or whichever pair sell certain number of pips.
  • #5
  • Nov 28, 2018 4:28am Nov 28, 2018 4:28am
It's a matter of perspective and what works for the individual. I don't even use charts to define entries for example.
  • #6
  • Nov 28, 2018 5:54am Nov 28, 2018 5:54am
Quoting EcoTrader
It's a matter of perspective and what works for the individual. I don't even use charts to define entries for example.
Please show me how you do it!
Will be back in 5years
  • #7
  • Nov 28, 2018 6:24am Nov 28, 2018 6:24am
Quoting Satraderma
{quote} Please show me how you do it!
I can't show you but can describe it on a high level. Fundamental analysis to trade short term moves through news and sentiment.
  • #8
  • Nov 28, 2018 8:14am Nov 28, 2018 8:14am
No mention of

Fake out breakout, or fake out Reversal ?
Learn, a forex trader must, unlearn and relearn he will.
  • #9
  • Nov 28, 2018 8:25am Nov 28, 2018 8:25am
I love trading during the news and buying pairs with the high-interest rate. I find myself lost in the desert when I try to understand what might happen tomorrow. Sorry to bug you EcoTrader, maybe I will find clues of what I'm looking for with news in future. Maybe the simplicity of it is lacking in general although it works like astrotrading.
Will be back in 5years
  • #10
  • Dec 6, 2018 11:16pm Dec 6, 2018 11:16pm
Quoting Mrforex11
that is true but i have made my indicator with success rate for 2 years 82%
whats this indicator based on?



Quote
Guys, if you're not trading these two things, you need to check your trading strategy. According to my experience, there are only two main things one needs to trade.
1. Breakouts
2. Reversals.

They are 2 different methods, i think you need to choose one to focus on.
  • #11
  • Dec 6, 2018 11:19pm Dec 6, 2018 11:19pm
Quoting COGSx86
No mention of Fake out breakout, or fake out Reversal ?
Exactly, if were that simple as to know that you should trade these methods, then money would be raining in your accounts daily to millions of dollars.
  • #12
  • Dec 7, 2018 4:47am Dec 7, 2018 4:47am
Quoting Prisha
Guys, if you're not trading these two things, you need to check your trading strategy. According to my experience, there are only two main things one needs to trade. 1. Breakouts 2. Reversals.
Yes you are right mate both Breakouts and Reversals are very important if you are trading for a full time because there will be times where you will see your trade setups during both breakouts and reversals. i like to trade both breakouts and reversals.
  • #13
  • Last Post: Dec 7, 2018 6:36am Dec 7, 2018 6:36am
The main indicators for chart analysis are breakouts of levels and reversals of trends. The truth is all indicators we use and analytical tools we set are using some levels and points that can be breached or not (reversal option). So, the fact that all analysis is about breakouts and reversals is a true but there are different theories are not connected to levels and trends. For example, the chaos theory is.
#Anthonywins
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