2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
- #2,022
- Aug 17, 2011 12:19pm Aug 17, 2011 12:19pm
- Joined May 2011 | Status: [Forex]X-Ray | 4,835 Posts
Wohl wahr ...
Aber das "Kabeli" hat jetzt von uns einen an den Kopp bekommen ...
;-|
- #2,023
- Aug 17, 2011 12:30pm Aug 17, 2011 12:30pm
- Joined Mar 2010 | Status: Trader | 42,434 Posts
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
- #2,024
- Aug 17, 2011 3:58pm Aug 17, 2011 3:58pm
- Joined Mar 2010 | Status: Trader | 42,434 Posts
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
- #2,025
- Edited 4:57pm Aug 17, 2011 4:45pm | Edited 4:57pm
- Joined Mar 2010 | Status: Trader | 42,434 Posts
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
- #2,027
- Aug 17, 2011 5:02pm Aug 17, 2011 5:02pm
- Joined Mar 2010 | Status: Trader | 42,434 Posts
I am writing an article about trading strategies which should be used in order to make money in these harsh times when market is hard to trade.
Stay tuned.
Very good idea ...
And yes ... I am staying tuned ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
- #2,028
- Aug 17, 2011 5:03pm Aug 17, 2011 5:03pm
- | Commercial User | Joined Feb 2010 | 14,361 Posts
Very good idea ...
And yes ... I am staying tuned ...
- #2,029
- Edited 6:05pm Aug 17, 2011 5:50pm | Edited 6:05pm
- | Commercial User | Joined Feb 2010 | 14,361 Posts
HOW TO MAKE MONEY IN VOLATILE MARKETS AND HARSH TIMES
Today I wanna talk about some trading strategies that should be used in these harsh times when there is a lot of uncertainty and when you really dont know what can happen tomorrow.
The times are hard, it will be even more harder to maintain a good life ( if you are not born as a rich person) and be healthy unless you make a decisive step as a trader ( if trading is your profession).
I usually never trade in August. This is my first time that I trade in August. Overall its been positive, I may say not as good as July or June but overall positive. There are 3 trading strategies I use in order to protect my trades from wild volatility and wild whipsaw moves and with 3ple trading strategy I may say that it works quite good.
First you must understand that todays market are HARD to constantly trade profitable, because if that you must KNOW WHEN to TRADE, when NOT to trade and which strategies you should be using. Remember my post also FOREX HIGHLIGHTS- TRADING HOURS. Check that also.
Lets get to the point:
1. INTRADAY STRATEGY
This strategy works as a Set and Forget giving almost fixed amount of profit.
Usually at 6:50 GMT I analyze candles and ATR of previous 14 days then apply a calculation which puts me in the trade before 7 AM, 1h prior to London open.
If you have been following my posts you probably noticed that most of my calls have been made prior to London open. I think that 7 am candle is very important for intraday setups and analyzing prior candles and movements, it can give us a general direction for the day.
The harder part is calculating Stop Loss and Profit targets.
I will use an example of today where I made an entry that was stopped out but afterwards it was good for 100 PIPS! Now that wont be a problem when we have normal market situation but placing one intraday trade can get you stopped out EVEN if it comes to you TARGET afterwards. Remember my entry: 4400, 4370 stop loss, targets 4475-4500. What happened? I got stopped but AFTERWARDS it came to my TP. INTRADAY setups are used with caution nowdays as they are struggling with the market unless normal market conditions are made.
STOP LOSS usually between 30-50 pips. Targets: 30-100 pips
Sometimes I also use RSI strategy and that can put even more profit, but thats one of hardest strategies to apply.
2ND STRATEGY: BOUNCE ( COUNTER TREND-RANGING)
I apply this strategy as a sort of HEDGING my intraday setup. Basically its a COUNTER TREND/ Ranging strategy THAT will PROTECT your profit IF you are stopped out on TREND trades. As you know market will usually reverse after some time be it news impact, profit taking etc...and by using RANGING or COUNTER trend strategy you can protect your main INTRADAY setup if you get stopped out or even use it as a STANDALONE strategy. Remember my post today when I posted, trend has been shifted.
E:4387 SL:4419 TP:4320
You always need to have a hedging strategy that will protect your profit from getting stopped out on trend trades. This works out as a stndalone strategy also as it exploits the TOPS, BOTTOMS being an effective range strategy.
STOP LOSS: 30-35 pips TARGETS: 30-80 pips
3RD STRATEGY: SCALPING
To be honest, i didnt scalp at all when I started trading. After some time, I had some webinars and conversations with my ex-mentors and I learned a lot from them, how scalping should be done.
Scalping strategy is very good for bigger accounts where you can use bigger lot size/poundage on a single trade as stop loss is effectively between 8-15 pips maximum.
SCALPING is used on M1 or M5 timeframe. I would never scalp on m15 or more. I have an exception on H1 timeframe but i will talk about that later.
If you are scalping the range I would suggest m1. If i scalp Support and Resistance levels CONFLUENCE i use H1 timeframe effectively selling INTO strength or BUYING into weakness.
Scalping is good when market is volatile as it produces 10-15 pip targets for short time. By scalping you can raise your profits and it really doesnt matter if you follow the trend or not.
For scalping on m1 range I use Bollinger Bounce strategy for scalping confluence at s/r levels I use Logiskalp precision.
STOP LOSS: 8-15 pips TARGETS: 5-15 pips
Since the markets are volatile and we have hard times coming we need to use different strategies to protect our profits.
If you apply TRIPLE trading strategies ( Use whatever system you wish for intraday, counter trend/range and or scalping), you can effectively protect your equity and gain profits. REMEMBER, there are months that are HARDER and EASIER to trade, but you need to be prepared for everything.
Respect TRADING hours, get up early at exact time, live a HEALTHY life and always ALWAYS use your stop loss. NEVER EVER revenge your trades.
Try to keep the profits and cut the losses. Let the winners outscore the losers.
Hope it helps.
T
P.S: Try to keep charts as simple as they can be. KISS. Overloading the chart with various indicators etc will get you constant requotes and will make your trading more confusing and a bit out of the sync. Believe me!
Today I wanna talk about some trading strategies that should be used in these harsh times when there is a lot of uncertainty and when you really dont know what can happen tomorrow.
The times are hard, it will be even more harder to maintain a good life ( if you are not born as a rich person) and be healthy unless you make a decisive step as a trader ( if trading is your profession).
I usually never trade in August. This is my first time that I trade in August. Overall its been positive, I may say not as good as July or June but overall positive. There are 3 trading strategies I use in order to protect my trades from wild volatility and wild whipsaw moves and with 3ple trading strategy I may say that it works quite good.
First you must understand that todays market are HARD to constantly trade profitable, because if that you must KNOW WHEN to TRADE, when NOT to trade and which strategies you should be using. Remember my post also FOREX HIGHLIGHTS- TRADING HOURS. Check that also.
Lets get to the point:
1. INTRADAY STRATEGY
This strategy works as a Set and Forget giving almost fixed amount of profit.
Usually at 6:50 GMT I analyze candles and ATR of previous 14 days then apply a calculation which puts me in the trade before 7 AM, 1h prior to London open.
If you have been following my posts you probably noticed that most of my calls have been made prior to London open. I think that 7 am candle is very important for intraday setups and analyzing prior candles and movements, it can give us a general direction for the day.
The harder part is calculating Stop Loss and Profit targets.
I will use an example of today where I made an entry that was stopped out but afterwards it was good for 100 PIPS! Now that wont be a problem when we have normal market situation but placing one intraday trade can get you stopped out EVEN if it comes to you TARGET afterwards. Remember my entry: 4400, 4370 stop loss, targets 4475-4500. What happened? I got stopped but AFTERWARDS it came to my TP. INTRADAY setups are used with caution nowdays as they are struggling with the market unless normal market conditions are made.
STOP LOSS usually between 30-50 pips. Targets: 30-100 pips
Sometimes I also use RSI strategy and that can put even more profit, but thats one of hardest strategies to apply.
2ND STRATEGY: BOUNCE ( COUNTER TREND-RANGING)
I apply this strategy as a sort of HEDGING my intraday setup. Basically its a COUNTER TREND/ Ranging strategy THAT will PROTECT your profit IF you are stopped out on TREND trades. As you know market will usually reverse after some time be it news impact, profit taking etc...and by using RANGING or COUNTER trend strategy you can protect your main INTRADAY setup if you get stopped out or even use it as a STANDALONE strategy. Remember my post today when I posted, trend has been shifted.
E:4387 SL:4419 TP:4320
You always need to have a hedging strategy that will protect your profit from getting stopped out on trend trades. This works out as a stndalone strategy also as it exploits the TOPS, BOTTOMS being an effective range strategy.
STOP LOSS: 30-35 pips TARGETS: 30-80 pips
3RD STRATEGY: SCALPING
To be honest, i didnt scalp at all when I started trading. After some time, I had some webinars and conversations with my ex-mentors and I learned a lot from them, how scalping should be done.
Scalping strategy is very good for bigger accounts where you can use bigger lot size/poundage on a single trade as stop loss is effectively between 8-15 pips maximum.
SCALPING is used on M1 or M5 timeframe. I would never scalp on m15 or more. I have an exception on H1 timeframe but i will talk about that later.
If you are scalping the range I would suggest m1. If i scalp Support and Resistance levels CONFLUENCE i use H1 timeframe effectively selling INTO strength or BUYING into weakness.
Scalping is good when market is volatile as it produces 10-15 pip targets for short time. By scalping you can raise your profits and it really doesnt matter if you follow the trend or not.
For scalping on m1 range I use Bollinger Bounce strategy for scalping confluence at s/r levels I use Logiskalp precision.
STOP LOSS: 8-15 pips TARGETS: 5-15 pips
Since the markets are volatile and we have hard times coming we need to use different strategies to protect our profits.
If you apply TRIPLE trading strategies ( Use whatever system you wish for intraday, counter trend/range and or scalping), you can effectively protect your equity and gain profits. REMEMBER, there are months that are HARDER and EASIER to trade, but you need to be prepared for everything.
Respect TRADING hours, get up early at exact time, live a HEALTHY life and always ALWAYS use your stop loss. NEVER EVER revenge your trades.
Try to keep the profits and cut the losses. Let the winners outscore the losers.
Hope it helps.
T
P.S: Try to keep charts as simple as they can be. KISS. Overloading the chart with various indicators etc will get you constant requotes and will make your trading more confusing and a bit out of the sync. Believe me!
- #2,030
- Aug 17, 2011 11:58pm Aug 17, 2011 11:58pm
- Joined Mar 2010 | Status: Trader | 42,434 Posts
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
- #2,031
- Aug 18, 2011 12:03am Aug 18, 2011 12:03am
- Joined Mar 2010 | Status: Trader | 42,434 Posts
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
- #2,032
- Aug 18, 2011 12:49am Aug 18, 2011 12:49am
- Joined Mar 2010 | Status: Trader | 42,434 Posts
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
- #2,033
- Aug 18, 2011 1:11am Aug 18, 2011 1:11am
- Joined Mar 2010 | Status: Trader | 42,434 Posts
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
- #2,034
- Aug 18, 2011 1:12am Aug 18, 2011 1:12am
- Joined Mar 2010 | Status: Trader | 42,434 Posts
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
- #2,035
- Aug 18, 2011 1:15am Aug 18, 2011 1:15am
- Joined Mar 2010 | Status: Trader | 42,434 Posts
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
- #2,036
- Aug 18, 2011 1:20am Aug 18, 2011 1:20am
- Joined Mar 2010 | Status: Trader | 42,434 Posts
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
- #2,037
- Aug 18, 2011 1:24am Aug 18, 2011 1:24am
- Joined May 2011 | Status: grizzly long gone | 2,427 Posts
HOW TO MAKE MONEY IN VOLATILE MARKETS AND HARSH TIMES
Today I wanna talk about some trading strategies that should be used in these harsh times when there is a lot of uncertainty and when you really dont know what can happen tomorrow.
The times are hard, it will be even more harder to maintain a good life ( if you are not born as a rich person) and be healthy unless you make a decisive step as a trader ( if trading is your profession).
I usually never trade in August. This is my first time...
Thanks mate, very nice and useful article.
Don't get mad, get even!
- #2,038
- Aug 18, 2011 1:29am Aug 18, 2011 1:29am
- Joined Mar 2010 | Status: Trader | 42,434 Posts
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
- #2,039
- Aug 18, 2011 1:38am Aug 18, 2011 1:38am
- Joined Nov 2008 | Status: fx indices commodities | 4,145 Posts
rat
- #2,040
- Aug 18, 2011 1:43am Aug 18, 2011 1:43am
- Joined Mar 2010 | Status: Trader | 42,434 Posts
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts