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My view on trading

  • #21
  • Jul 1, 2016 6:31am Jul 1, 2016 6:31am
Quoting MasterGuru
{quote} Thanks for you comment. It sounds interesting. Could you please give/show us an example? Do you cost average if the price moves against your position? If yes, what method do you use for it?

sure you are very welcome i do have a correlation chart with pivot and very important the market trend on every session one for the ASIAN.the LONDON and the USA . when i candle move with the trend and have momentum with the correlation in 5 minute chart the soon a new candle start and the next target at least 10 p i click the the soon the candle almost finished a reduce my lot to 0.05 that all. to easy . but need practiced .
  • #22
  • Jul 1, 2016 7:39am Jul 1, 2016 7:39am
Very good article, i think ST should be placed according to the momvemnt of each currecny pairs
for example, GBP/JPY will move lot faster then EUR/USD. so ST should be placed as per currecny and stratgey
  • #23
  • Jul 4, 2016 9:56pm Jul 4, 2016 9:56pm
in trading, we want to make money. Find the simplest way that you understand. And trade it consistently. Dont thingk too much. it is easier than gambling. Think simple way consistently.
  • #24
  • Jul 5, 2016 6:30am Jul 5, 2016 6:30am
Quoting antonsatu
in trading, we want to make money. Find the simplest way that you understand. And trade it consistently. Dont thingk too much. it is easier than gambling. Think simple way consistently.
mb you are right, more information you read, more plans and strategies you build and try - more complicated trading becomes. There are so many literature about successfull trading, but the number of participants that don't achieve success is enormous.
  • #25
  • Last Post: Jul 5, 2016 7:54am Jul 5, 2016 7:54am
Quoting Myriskmentor
Very good article, i think ST should be placed according to the momvemnt of each currecny pairs for example, GBP/JPY will move lot faster then EUR/USD. so ST should be placed as per currecny and stratgey
There is a well known exit strategy, called Chandelier Exit (you can google it) that uses ATR as a trailing stop. I tested it in the past and indeed, it allows more profit to be made compared to a stop based on a fixed number of pips.
GOLD IS WHERE YOU FIND IT
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