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can u please tell me how to over come a situation like this?
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Mitglied seit Jan 19, 2012 24 Beiträge
Ezekiel Chew (asiaforexmentor1)
Jul 12 2012 at 11:00
Forex Trading Question
I Would like to share with you guys one of the questions i received in regards to a forex trade. Forex Pair: Usd Jpy  Question: can u please tell me how to over come a situation like (See Chart above).. its really looking a great pin but it didn’t triggered, and it is also with trend.. the trade reached the stop loss and now its again returning to normal. can u please tell me to how to understand a situation like that? Answer:  Price is making a higher lows and higher highs as highlighted by the red circles. It means the trend is changing and is possibly heading up. So what happens now is that, you are not trading with the trend but against it. Its a can be a short term trend shift movement. The forex price action pin bar formed because price shot up and hit the price pivot (white Line), in which price will naturally find resistance and head back down, resulting in the pin bar. Therefore, we would not have taken this forex pin bar on such circumstances. I hope you guys learned something from a simple forex trading scenario. See you on the other side my friend, Ezekiel Chew |
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Mitglied seit Jan 14, 2010 554 Beiträge
James_Bond
Jul 12 2012 at 12:28
Ezekiel, it's easy to find a reason after the fact. In many cases all the signs are working for you, while the trade still fails, so there isn't always an explanation to why a trade failed as in your case, since that is the nature of trading.
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Mitglied seit Jan 05, 2012 5 Beiträge
ravimailin
Jul 14 2012 at 18:18
use trend line with ur signlas and u wil win always, never get losss ..:)
RAVI |
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Mitglied seit Jan 11, 2012 27 Beiträge
Equahrefgam (SanandaJmmanuel)
Jul 18 2012 at 05:45
James_Bond posted: Ezekiel, it's easy to find a reason after the fact. In many cases all the signs are working for you, while the trade still fails, so there isn't always an explanation to why a trade failed as in your case, since that is the nature of trading. yes i agreed, the only price action that can tells me anything is on daily chart, other than that on the smaller time frame are risked to fundamental effects. Of course experience will tells us which are the hours to shun, still though i trade price action as well, it's hard to determine a 100% rate, more or less its merely 75% with a good money management. can u post a live trade call recommendation? preferably on 1 or 4 hour before something moves. Make Money Work for you. Share the success |
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Mitglied seit Jan 14, 2010 554 Beiträge
James_Bond
Jul 19 2012 at 10:06
SanandaJmmanuel posted: can u post a live trade call recommendation? preferably on 1 or 4 hour before something moves. I don't think he can - all of his trade explanations are after the fact, which is very convenient when you're trying to sell your service. |
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Mitglied seit Jan 14, 2010 2186 Beiträge
Chikot
Jul 19 2012 at 10:20
yeah, he never responds as well.
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Mitglied seit Jan 09, 2012 168 Beiträge
theangelwing (angelwing2007)
Jul 19 2012 at 17:53
In ranging market like that try use Stochastic Oscillator
trend trading can't see reversal, reversal can't see trend, do both and build a nice system |
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