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Specialize in only one market

  • #81
  • Aug 15, 2016 5:26am Aug 15, 2016 5:26am
stick with one pair..learn it. You dnt need many pips to be a good trader. 20pips

Diversification is an illusion
practising coitus interruptus
  • #82
  • Aug 15, 2016 5:28am Aug 15, 2016 5:28am
Quoting avibe
stick with one pair..learn it. You dnt need many pips to be a good trader. 20pips Diversification is an illusion
your trading style might only need 20 pips... its an illusion that everyone needs the same style to be successful...
  • #83
  • Aug 15, 2016 9:09am Aug 15, 2016 9:09am
when a grazz hopeer .. you do the dinggg gooo dinggg ..... then you start to pick a moooaann .... always look good .....
till the grazz greeneer at the other end .... you pick another moooannn ....
dont do all moaann at once ... you wont get laid ......
unless you have xtra by the fore head ......
  • #84
  • Aug 15, 2016 1:11pm Aug 15, 2016 1:11pm
Quoting maximumguita
{quote} one pair two pairs or more is not the question, the question is finding one trade and concentrade on it and manage it, as just to jump around. Maybe one long term trade and 1 or two shorter term trades. The thing is you must find a trend or the chance of a big Reversal and at the moment there are no trends or they are to far in the move for to jump on the train so at the moment (this year!) i only look for reversals (i love reversals) at JPY crosses, EURGBP mid term for a few weeks, Gold and DAX? and thats it for me. If you can handle more...
I just don't have enough experience and knowledge, so sometimes I loss because of lack of attention and patient
  • #85
  • Aug 15, 2016 2:24pm Aug 15, 2016 2:24pm
Quoting BaskurtAi
{quote} I just don't have enough experience and knowledge, so sometimes I loss because of lack of attention and patient
we all loss sometimes maybe most of the times therefor you have risk- and moneymanagement and hey you know your weaknesses, thatīs great. Experience comes with the time. Wish you good luck anf great success
(.)(.) think first ...
  • #86
  • Aug 16, 2016 4:08am Aug 16, 2016 4:08am
I break-even the best with EUR/USD. I did follow it very close for 3 and a half years and that was the best. I still follow it, but I consider and other pairs and trade also GBP, JPY, AUD and NZD. If you decide to trade only EURUSD, or USDJPY just try and trade only the good days, when you are very sure the pair/s will move in the direction you choose and there is enough volume in the market to trade and reach at least 20-25 pips profit.
Looking for profitable short term trades ...|
  • #87
  • Aug 17, 2016 8:10am Aug 17, 2016 8:10am
Quoting Js3mwtRc
I break-even the best with EUR/USD. I did follow it very close for 3 and a half years and that was the best. I still follow it, but I consider and other pairs and trade also GBP, JPY, AUD and NZD. If you decide to trade only EURUSD, or USDJPY just try and trade only the good days, when you are very sure the pair/s will move in the direction you choose and there is enough volume in the market to trade and reach at least 20-25 pips profit.
Hi Js3mwtRc. Do you mean it was the best when following EUR/USD ONLY for 3 and a half years? My plan is to swingtrade and not take trades intraday.
  • #88
  • Aug 17, 2016 11:27am Aug 17, 2016 11:27am
Swetrader you are right I was day trading it, but what is telling me that, if you trade the weekly timeframe for months, or years that it will not break even, or worst after many time? Some times you will be in winning trading positions, but many times your positions will be on the losing side. If you decide to swing trade then you should find the best entries on smaller timeframes - supply/demand and not take all the opportunities the market will give you, unless you decide to trade the bigger chart range and change style, so you can be more profitable, with swing trading only it is hard. Also this kind of trading needs big capital.
Looking for profitable short term trades ...|
  • #89
  • Aug 18, 2016 1:08pm Aug 18, 2016 1:08pm
Quoting maximumguita
{quote} we all loss sometimes maybe most of the times therefor you have risk- and moneymanagement and hey you know your weaknesses, thats great. Experience comes with the time. Wish you good luck anf great success
thanks for your words and wishes!)
  • #90
  • Sep 19, 2016 12:06am Sep 19, 2016 12:06am
Hi Anonymousey,

Can you please post the template of your system .... It looks NEAT.

Thanks
The One Who Makes The Thunder Roar Also Hears A Butterfly Sigh - Ruzbeh
  • #91
  • Sep 19, 2016 12:14am Sep 19, 2016 12:14am
Focusing on just one currency pair or instrument is no doubt beneficial. Especially if you keep following the daily movements on a regular basis, you become familiar with the key support/resistance levels. It also cuts down on distraction.

Besides just technicals, it also helps you to keep focus on the fundamentals and you will get to see how the instrument behaves.

You also need to have a general landscape of the markets overall, so I recommend to run a rough analysis overall especially on the instruments could affect the currency pair of your choice so you are not blindsided by sudden moves.

For example, if you focus on gold, look at how silver is playing out, look at the gold/silver ratio, look at how equities are positioned and of course the yen.
  • #92
  • Sep 19, 2016 3:31am Sep 19, 2016 3:31am
I also believe that it is necessary to separate the different markets. Many traders also have a greater interest in some of the currencies. This, too, is a right decision because the trader, who chose a few currency pairs can learn and understand their behavior better than the one that will be everywhere at the same time.
Just want to note that the choice of a currency pair affected by the strategy chosen by the trader. If a trader is trading on the news, it will look for the currency for which there is news in the near future. Also, you can trade on the correlation of currencies. One pair can react to the news earlier than her companion.
Surrealist
  • #93
  • Sep 20, 2016 6:59am Sep 20, 2016 6:59am
Quoting rpasupathy
Hi Anonymousey, Can you please post the template of your system .... It looks NEAT. Thanks
template
Attached File(s)
File Type: tpl HalfTrend.tpl   2 KB | 670 downloads
Without having an understanding of down, you can never appreciate up.
  • #94
  • Sep 20, 2016 10:37pm Sep 20, 2016 10:37pm
Thanks a lot


Quoting anonymousey
{quote} template {file}
The One Who Makes The Thunder Roar Also Hears A Butterfly Sigh - Ruzbeh
  • #95
  • Last Post: Sep 21, 2016 8:12am Sep 21, 2016 8:12am
A "human" trader may develop a market "sense" towards a specific instrument as each currency pair has its idiosyncrasies, this assumption can however be difficult to prove or disprove for "intuition" is prone to confirmation bias.(Remember that time you had a market intuition and still got whammed?)

An alternative approach to trading is to write an algo, automate the strategy and test to see if it works; as a general rule of thumb, if a strategy performed reasonably robust in almost all markets without the need for dramatic renovations in its core logic, then I'd say we have a potential winner.


An interesting question to consider: do unbacktestable strategies exist?
No Highs? No Lows? Must be Bose!
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