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How do you trade in a bear market
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Membre depuis Jan 14, 2010 554 messages
James_Bond
Jul 19 2012 at 10:24
skyjack777 posted: Still would rather be on the one minute screen. Are you a scalper? If not, than I don't see any reason to go to such a low timeframe. Always remember to look at the big picture, ie higher timeframes to make sure it corresponds to your trading plan so that you won't find yourself on the wrong side of the trend. |
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Membre depuis Jun 23, 2012 55 messages
skyjack777
Jul 19 2012 at 13:05
I think I truely love the action at the one minute time frame so yes I think I'm a scalper at heart but with NO KNOWLEDGE. The higher time frames seem to be the way to go. The 20 50 MAs are good reference points for me as a beginner, they are simply enough and straight to the point 20 above 50 and it's an uptrend.
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Membre depuis Jul 03, 2012 186 messages
TheLastBear
Jul 20 2012 at 08:58
As long as your system works for its all good :)
Pax puts the X in Forex. |
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Membre depuis Jan 14, 2010 554 messages
James_Bond
Jul 23 2012 at 14:08
skyjack777 posted: I think I truely love the action at the one minute time frame so yes I think I'm a scalper at heart but with NO KNOWLEDGE. The higher time frames seem to be the way to go. The 20 50 MAs are good reference points for me as a beginner, they are simply enough and straight to the point 20 above 50 and it's an uptrend. Yes, it's defintely more exciting to watch a 1 minute graph than 4 hours  , however isn't it more time consuming? Does your system work on higher timeframes also? If so, why not make some more longer term trades? I find the higher timeframes (30 minutes up to 4 hours) more rewarding than the lower ones.
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Membre depuis Jun 23, 2012 55 messages
skyjack777
Aug 11 2012 at 06:24
Last week I was trying a few trades set up on the daily charts. I did better there than on the 1 minute time frame and of course did not go near the computer all day. The week just gone I did 73 trades (36 trades on and off) shared between IBFX and FxPro, the result was MINUS $87.00. One trade is still live for the new week. That's in 7 days with a few days off.
This week with the Forex Turbo Scalper I'll follow it's lead on one site while doing daily charts on the other site. The loss with the robots (someone mentioned the possibility) were trading in a period where the market was not too active. The next 7 days trading will be interesting, only trading when the markets have a lot of activity. |
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