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Ask..Entry,StopLoss, TargetProfit and Trend

  • #1
  • First Post: May 16, 2006 5:29am May 16, 2006 5:29am
Dear all,

Could somebody help me to determine the daily trend, target profit, stop loss and entry point.Currently I trade Pound-Yen and want to trade Cable next month.Usually I trade by indicators and some time by fundamental.but i realize it really hard to make pips ( a stabil one in weekly ).I saw someone on the web keep posting about entry point,stop loss, target profit and the trend each day.I wonder how they made the prediction.Thx advance.


Enson AS
  • #2
  • May 16, 2006 5:47am May 16, 2006 5:47am
Quoting parlenk
Dear all,

Could somebody help me to determine the daily trend, target profit, stop loss and entry point.Currently I trade Pound-Yen and want to trade Cable next month.Usually I trade by indicators and some time by fundamental.but i realize it really hard to make pips ( a stabil one in weekly ).I saw someone on the web keep posting about entry point,stop loss, target profit and the trend each day.I wonder how they made the prediction.Thx advance.


Enson AS
hi , i am new to forex too . i have just 5 months training how to trade ,
i am trying to find my strategy and be comfortable with it ,i have started with eur /usd , and searching reference that give me the pivot pionts like mataf.net , support and resistance level , i have study the rsi and macd and stoch indicators, and take some strategys and system from the www.strategybuildersfx.com, a very cool site , read it .and make practice and practice and learning and learning , the forex is not about bying and selling it is about money manegment and working on good strategy , and knowing what pair u trade ,,,,, the trend i tink the macd will help u , but this is not all the story , u have to see the daily charts and 4 hour charts , and to know of what chrts u wnat to work ?, wich time ,and after all that , u can know wich the etry point u have to enter and wich u have to get out , and with ur stop loss , to defend ur capital , and the target u want ,
i hope that i answer ur question ,and help u @ leats 1% , i have take 5 months to learn all that , and i still beginner and i will be after 100 years ,
sorry for my english
  • #3
  • May 16, 2006 8:17pm May 16, 2006 8:17pm
Use your longer term charts to find the overall trends. That will give you a general direction. You can trade against the trend on reversals, but it is not recommended for newbies. When you do that, you have to be prepared to get out of the trade or be prepared for the loss. I only do this when I can be at the computer to watch it. Going with the trend, you will feel more confident to leave your computer with a trade on.

Entries, stops, limits: They really depend on the timeframe you are trading and your style. Some people use limits and some don't. Some will use a trailing stop instead of a fixed stop. This allows them to lock in profits and takes them out of the trade when it reverses.
- SAFE TRADING MONEY DUCK
  • #4
  • May 17, 2006 2:24am May 17, 2006 2:24am
Quoting Money Duck
Use your longer term charts to find the overall trends. That will give you a general direction. You can trade against the trend on reversals, but it is not recommended for newbies. When you do that, you have to be prepared to get out of the trade or be prepared for the loss. I only do this when I can be at the computer to watch it. Going with the trend, you will feel more confident to leave your computer with a trade on.

Entries, stops, limits: They really depend on the timeframe you are trading and your style. Some people use limits and some don't. Some will use a trailing stop instead of a fixed stop. This allows them to lock in profits and takes them out of the trade when it reverses.
Dear traders

So which TF should I use for entry and TF for target profit? about the exit point i guess i can mix between trailing and fixed point depend on my work hour.Thx advance

Enson AS
  • #5
  • Edited 3:53pm May 18, 2006 3:51pm | Edited 3:53pm
Quoting parlenk
Dear traders

So which TF should I use for entry and TF for target profit? about the exit point i guess i can mix between trailing and fixed point depend on my work hour.Thx advance

Enson AS
It really depends on how much time you have to trade. The market moves up and down, so if you can watch it trading a shorter timeframe is no problem. If you can not watch it and set your stops off a short timeframe you will likely get stopped out.

As far as a target for profit. Use the support and resistance levels or a trailing stop.

This is the reason to trade a demo account. Practice as well as given you a chance to set up your individual TRADE STYLE. Everyone is a little different.
- SAFE TRADING MONEY DUCK
  • #6
  • Edited 7:35am May 19, 2006 7:23am | Edited 7:35am
in this brief article by buffy you may find some answers to your q...its best to read it OVER AND OVER AND OVER again and think it over by yourself and really absorb it...it covers the base of what is called "multiple timeframe analysis" and gives you some basic tools to determine (in an unequivocal way!!!), whether a market/timeframe is in trend mode or non-trend mode, (that is consolidation mode or trend transition mode)

its very usefull to understand, that a market/timeframe can ONLY be in one of those TWO market modes !!!...also some sophisticated definitiones of when a new trend, after market moved out of a consolidation epsiode, is "defined" and "established" and so on

you will understand, that theres one very powerfull "pattern" in market motion/price action and this is the "trend" pattern

guiding quote:

"While you may trade the trends on the smaller time frame, waiting for price action to show it is going to move in the same direction as the larger time frame is trading with the trend."

  • #7
  • Last Post: May 19, 2006 7:34am May 19, 2006 7:34am
Quoting peter100
in this brief article by buffy you may find some answers to your q...its best to read it OVER AND OVER AND OVER again and think it over by yourself and really absorb it...it covers the base of what is called "multiple timeframe analysis" and gives you some basic tools to determine (in an unequivocal way!!!), whether a market/timeframe is in trend mode or non-trend mode, (that is consolidation mode or trend transition mode)

its very usefull to understand, that a market/timeframe can ONLY be in one of those TWO market modes !!!...also some sophisticated definitiones of when a (new) trend is "defined" and "established" and so on

you will understand, that theres one very powerfull "pattern" in market motion/price action and this is the "trend" pattern

guiding quote:

"While you may trade the trends on the smaller time frame, waiting for price action to show it is going to move in the same direction as the larger time frame is trading with the trend."

Thanx pal..

Enson AS
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