WOW!!
Thank FX-Pro that article was nothing but pretty awesome,
Thank FX-Pro that article was nothing but pretty awesome,
Making Money is Extremely Simple 38 replies
bo7a method... method for GBP/JPY 205 replies
Making an EA: "Simple Method of Scalping any pair by Imran Sait" 82 replies
SIMPLE EA for a simple method needed!! 1 reply
Simple trading method 49 replies
DislikedFor All The Newbies.... This Article will show where you stand at the moment in this business.
(Courtesy: Soultrader)
Stage One: Unconscious Incompetence.
This is the first step you take when starting to look into trading. you know that its a good way of making money cos you've heard so many things about it and heard of so many millionaires.Unfortunately, just like when you first desire to drive a car you think it will be easy - after all, how hard can it be?? - price either moves up or down - what's the big secret to that...Ignored
Dislikedsoon as the price moves 20 pips in my favor, i'l move my SL to BE, & then i take my first half position at 50 Pips, & the other will ride the complete trend till i see a reversal/price close below/Above 12EMA
i guess you need to fine tune your entries... & need to give enough space for the price to breath...
Don't worry... looks like you are moving to the next level of trading...
Good Luck
FX-ProIgnored
DislikedThis is not exactly a pull back entry...but it shows nice HH & HL...Ignored
QuoteDislikedmore over you should have looked at this resistance zone as well...
QuoteDislikednever mind... please move your SL... & keep your fingers crossed...
DislikedWow, moving to BE after 20 pips...how is the market breezing?
You will get stop out many many times.....Ignored
DislikedDo you think it would be a good entry? (if its closed above 12EMA)Ignored
DislikedHi ya FX..
I've been meaning to ask you a couple of questions...
How do you go about looking for trades?..I mean do you check the charts every hour, and if the Aud/Usd is way off giving any signals do you check back the next day or every 4hrs??
Once your in a trade how do you manage it..do you check it on the hour or do you sit there watching it or is it a matter of set and forget the trade??
Are you trading full time and if so are you only trading between certain hours of the market being open??
Any answers would be appreciated
Cheers,
Adrian...Ignored
DislikedGood morning brother
This is what I believe he does.
1. Break Even after 10-15pips
2. 15pip trailing stop
3.Take profit on half position on next S/R
4.If continues same direction then TP next s/r
Above mostly I do myself except I let it ride full force.I don't take profit partially.Its your preference.
I am going to include great indicator which shows daily range.That should tell you how many pips particular pair has potential to move.
I look at it to get an idea TP levels.Ignored