Tips and tricks!
Member Since Jan 19, 2013
251 posts
Jan 13, 2016 at 10:01
snapdragon1970 posted:
Trading a straddle during high impact news is a basic trade you learn as a professional,Not for beginners.
Thank you for clarifying that Master.
Member Since Sep 12, 2015
1948 posts
Jan 13, 2016 at 10:05
Your welcome!
"They mistook leverage with genius".
Member Since Sep 12, 2015
1948 posts
Jan 13, 2016 at 10:49
Further weakness on Eur/Usd,slowly working our way down to 710,unless we get some real interesting news out of Europe, events today ,Beige book, Rosengren speaks and Evans.
"They mistook leverage with genius".
Member Since Sep 12, 2015
1948 posts
Jan 14, 2016 at 09:36
snapdragon1970 posted:
Hi everyone!
some tips for new traders,I hope it helps to improve your trading and to be more professional.
this stuff is free online you just have to know what is right!
2:1 or 3:1 risk reward
Max 2% of your total capital on one trade
wait for spike downs or spike ups
watch out for support and resistance levels,these are targeted by the big boys!easy pickings.
don't trade before data releases
technical trading is only a guide,not set in stone.
remember that the market learns quickly of any mispricing
Levels are more respected during the Asian session than European-US.
be lucky!
"They mistook leverage with genius".
Member Since Dec 11, 2015
1487 posts
Jan 20, 2016 at 11:06
snapdragon1970 posted:
Further weakness on Eur/Usd,slowly working our way down to 710,unless we get some real interesting news out of Europe, events today ,Beige book, Rosengren speaks and Evans.
EUR/USD range doesn't seem to end, I don't know what has to happen to put an end to it.
Jan 20, 2016 at 13:34
You could use the heat map to identify other forex pairs with higher movement.
Side-ways trends are horrible, i know. Alternatively put an BUY / SELL STOP, so you don't have to watch the chart all the time.
Or use a software that enables price allerts.
happy trading,
Peter
Side-ways trends are horrible, i know. Alternatively put an BUY / SELL STOP, so you don't have to watch the chart all the time.
Or use a software that enables price allerts.
happy trading,
Peter
Take the ATR, combine with Bollinger and EMA SMA and learn. Then the grail shall be yours!
Member Since Dec 22, 2015
276 posts
Jan 21, 2016 at 07:51
The trend is your friend except at the end where it bends - Ed Seykota
If you want to go fast, go alone. If you want to go far..Go together..
Member Since Sep 12, 2015
1948 posts
Jan 21, 2016 at 20:25
dkilmer posted:
be patient
780 was a nice bottom,not exactly 710 ,if we get some more bad news on the Euro front we might see a test of 710.
"They mistook leverage with genius".
Member Since Sep 12, 2015
1948 posts
Jan 21, 2016 at 20:35
PetziK posted:
You could use the heat map to identify other forex pairs with higher movement.
Side-ways trends are horrible, i know. Alternatively put an BUY / SELL STOP, so you don't have to watch the chart all the time.
Or use a software that enables price allerts.
happy trading,
Peter
That's what I did Peter,price alerts are great ,no need to sit and watch screen,sideways are great because you know that orders are accumulating in the background waiting to pounce or drop like today.I stick to Eur/Usd as I know it's habits,easy to trade for me.
"They mistook leverage with genius".
Member Since Sep 12, 2015
1948 posts
Jan 21, 2016 at 20:41
trendfollowers posted:
The trend is your friend except at the end where it bends - Ed Seykota
If you get good at spotting the start of a trend ,you can make big bucks with low risk.
"They mistook leverage with genius".
Member Since Sep 12, 2015
1948 posts
May 01, 2016 at 15:35
idimitrov posted:
reading the topic was woth it
Aswath Damodaran on Corporate Finance if your interested in Company stocks.
"They mistook leverage with genius".
Member Since Sep 12, 2015
1948 posts
May 06, 2016 at 17:00
60% of my trades are wrong and 40% correct,even at this rate I make a good profit,it doesn't bother me losing on some trades,its part of trading.I keep my losses as small as possible and let winning trades run.At the moment I'm trading stocks,this is the time of year to pick up some winners,my view would be negative on stocks,unless I get a 10%-20% pull back.
"They mistook leverage with genius".
Member Since Sep 12, 2015
1948 posts
Jun 21, 2016 at 18:56
Here's a good website worth checking out,its called ChasingReturns.
"They mistook leverage with genius".
Member Since Dec 11, 2015
1487 posts
Jun 22, 2016 at 07:15
snapdragon1970 posted:trendfollowers posted:
The trend is your friend except at the end where it bends - Ed Seykota
If you get good at spotting the start of a trend ,you can make big bucks with low risk.
That, unfortunately, is pretty big IF. Spotting the beginning of a trend is one of the most profitable, but also one of the hardest skills to learn when trading.
Member Since Sep 12, 2015
1948 posts
Jun 23, 2016 at 20:22
Unless you buy at a great price and sit on it and wait for it to trend,the cost of waiting though.Have you got the patience?Most of the time you will miss the start of a trend.
"They mistook leverage with genius".
Member Since Dec 11, 2015
1487 posts
Jun 27, 2016 at 08:45
snapdragon1970 posted:
Unless you buy at a great price and sit on it and wait for it to trend,the cost of waiting though.Have you got the patience?Most of the time you will miss the start of a trend.
That was my point exactly. Trying to trade a trend, with long-term positions especially, after you've missed its beginning is an exercise in frustration.
Member Since Sep 12, 2015
1948 posts
Jun 27, 2016 at 18:53
There's a Guy called Mark Shipman,you might find interesting.
The Banks in the UK are really in a bad state today.
The Banks in the UK are really in a bad state today.
"They mistook leverage with genius".
Member Since Dec 11, 2015
1487 posts
Jul 02, 2016 at 11:45
Although the Forex community itself doesn't seem affected as badly as it could've been, Brexit still did a number on various businessnes. Peter Hargreaves' 32% majority share in the financial consulting company Hargreaves Lansdown fell with £400 million after Brexit. (https://smnweekly.com/2016/06/29/cmc-markets-peter-cruddas-among-big-losers-post-brexit-market-turmoil/). After the rebound that loss was reduced to £300 million, but that's still an enormous loss.
