SharePosts by Mrdegorbi
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hmmm....? everything ok ?
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Marek- I have other point of view...Lets call it a scalpers point of view...;) The problem is what we define as trend ? I say that price is in trend when change of price is visible on m15 ,m30 and higher time frames...in other case all movements of price visible on charts m1,m5 for me are are just ups and downs or lets call them micro trends...And I trade against those micro trends . Setup points are when price crosses bollinger band and retracement starts...of course we will be more confident when MACD is showing divergence in that moment... So trading against trend is profitable in case......
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Sorry...must say this - but your trades look rather poor...You should change system or give up...In other case you will loose lot of money...
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What Technical Indicators do you rely on before entering a trade? In Experienced Traders Sep 15 2012 at 22:11
All TF -from 1M to H4 and MACD, TMA, Bollinger Bands, S/R levels ,pivot levels ...and ...common sense ;)
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From the first day I got to know what is ForeX I planned to live from it.
What I like in it is:
- "Flexible" work hours - I work when I want...
- I'm not "tied" to one place- I can do it at home , cafe or during holidays in Spain ;)
- No boss over me
- As I only scalp- it takes few hours to make those 10-15 pips daily and the rest of the day I can spend doing what I like ;)
It took me one year to find suitable to my nature ( and profitable) trading system. In my opinion main problem traders have is lack of patience... If you hope to earn more then 2-3% daily yo......
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I see no sense in moving sl just to keep trades alive...
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hmmm... so many pairs...so many trades at once ..how you manage to control them ?
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You need to trade one pair for the beginning ...its difficult to pay attention to 3-4 pairs in one time... concentrate on one pair...be patient wait until you see the correct moment to enter...start with scalping..its easier than long term trading......don't try to gain as much as you think you can... be satisfied gaining 2-3% per day...price action ,MACD ,Pivot levels and TMA will be enough to make correct enter...to many indicators will 'kill' you ;)
[quote]
forexboy posted:
I understand.. but you are doing everything a new trader does and you will have a very short trading career i......
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Yes... following other traders gives nothing...you have to find your own strategy and method...you need to loose at the beginning to gain in future...no pain no gain ;)
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thanx... got more luck than skills but still I'm happy with it ;)
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