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Tips and tricks!

BellaVista507
Jan 13 2016 at 10:01
251 posts
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.

kieran (snapdragon1970)
Jan 13 2016 at 10:05
1945 posts
Your welcome!

"They mistook leverage with genius".
kieran (snapdragon1970)
Jan 13 2016 at 10:49
1945 posts
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".
kieran (snapdragon1970)
Jan 14 2016 at 09:36
1945 posts
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".
mlawson71
Jan 20 2016 at 11:06
1487 posts
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.

FSM (dkilmer)
Jan 20 2016 at 13:22
90 posts
be patient

Everything in the market is like a fart, if you have to force it, it is probably shit
Peter K (PetziK)
Jan 20 2016 at 13:34
3 posts
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

Take the ATR, combine with Bollinger and EMA SMA and learn. Then the grail shall be yours!
trendfollowers
Jan 21 2016 at 07:51
276 posts
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..
kieran (snapdragon1970)
Jan 21 2016 at 20:25
1945 posts
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".
kieran (snapdragon1970)
Jan 21 2016 at 20:35
1945 posts
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".
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