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Tips and tricks!
Member Since Sep 12, 2015
1933 posts
Nov 05, 2017 at 15:37
mlawson71 posted:snapdragon1970 posted:
Yes its common for banks and institutions to test for reactions at the open, then things begin to settle as a better picture is formed of what others are doing.
I've noticed that too. A similar thing seems to occur at the end of the market session on Friday night.
Not many want to hold trades over the weekend unless there in a really good position, plus if you have a good profit after lunchtime most will only take small positions to finish on a positive, a lot of false signals and setups for Algos to catch out traders trying to make back there losses.
"They mistook leverage with genius".
Member Since Sep 12, 2015
1933 posts
Nov 05, 2017 at 15:42
One interesting thing last week LexvanDam started doing weekly trades, gotta say they were spot on with there trade,well done James.
"They mistook leverage with genius".
Member Since Dec 11, 2015
1462 posts
Nov 06, 2017 at 15:12
snapdragon1970 posted:mlawson71 posted:snapdragon1970 posted:
Yes its common for banks and institutions to test for reactions at the open, then things begin to settle as a better picture is formed of what others are doing.
I've noticed that too. A similar thing seems to occur at the end of the market session on Friday night.
Not many want to hold trades over the weekend unless there in a really good position, plus if you have a good profit after lunchtime most will only take small positions to finish on a positive, a lot of false signals and setups for Algos to catch out traders trying to make back there losses.
Good point. I rarely do that too - my fear is, among other things - that the instrument I am trading could open with a gap in either direction. Sometimes those gaps end up pretty large.
Member Since Sep 12, 2015
1933 posts
Nov 06, 2017 at 16:05
mlawson71 posted:snapdragon1970 posted:mlawson71 posted:snapdragon1970 posted:
Yes its common for banks and institutions to test for reactions at the open, then things begin to settle as a better picture is formed of what others are doing.
I've noticed that too. A similar thing seems to occur at the end of the market session on Friday night.
Not many want to hold trades over the weekend unless there in a really good position, plus if you have a good profit after lunchtime most will only take small positions to finish on a positive, a lot of false signals and setups for Algos to catch out traders trying to make back there losses.
Good point. I rarely do that too - my fear is, among other things - that the instrument I am trading could open with a gap in either direction. Sometimes those gaps end up pretty large.
Yeah we never have to worry about it going up in profit too much!
"They mistook leverage with genius".
Member Since Dec 11, 2015
1462 posts
Nov 07, 2017 at 15:49
(edited Nov 07, 2017 at 15:49)
snapdragon1970 posted:
Yeah we never have to worry about it going up in profit too much!
If it even goes into profitable territory. With my luck gaps usually just lead to losses. 😕
Nov 07, 2017 at 16:00
Every trader in this market place I think already knows Forex is a risky business. That’s why need experience and knowledge to minimize the risk . Without proper trading knowledge and experience, a trader many be get more loss than profit. We should understand that there is no shortcut and we can’t become rich overnight.
Member Since Dec 11, 2015
1462 posts
Nov 08, 2017 at 16:12
I am not sure that all traders, especially newbies realize all the risks. As a newbie I certainly didn't, come to think about it. Becoming aware of them was a long and often painful process.
Member Since Sep 12, 2015
1933 posts
Nov 08, 2017 at 17:00
That's why I recommend for newbies to get proper training ,the cost is an investment in your future.
"They mistook leverage with genius".
Member Since Dec 11, 2015
1462 posts
Nov 09, 2017 at 15:29
snapdragon1970 posted:
That's why I recommend for newbies to get proper training ,the cost is an investment in your future.
How do you define "proper trading" though? And how would a newbie know who to trust to train them?
Member Since Sep 12, 2015
1933 posts
Nov 09, 2017 at 20:01
Training not trading, everyone finds their own unique style once they have the fundamentals nailed,you need to do research on who's providing training, have they worked as a trader,what was there specialty, do they manage a fund, checkout some of there posts on trade ideas how many workout,sign up to there site see what kind of service they provide,what does it consist of.
"They mistook leverage with genius".
Nov 10, 2017 at 10:59
in Forex trading we the traders who are particularly newcomers make so many mistake in our trading life due to lacking proper trading experience. Taking wrong trade without proper analysis and risk management is one of the major from all of them.
Member Since Sep 12, 2015
1933 posts
Nov 10, 2017 at 13:35
True Mohammadi and we form bad habits that are really difficult to break,which kills the account,even with a few pointers and dedication changes happen.
"They mistook leverage with genius".
Member Since Dec 11, 2015
1462 posts
Nov 11, 2017 at 14:41
This is one of the problems of learning alone, I suppose. You form the bad habit and there's no one to point it out to you while you're still forming it so you can fix it on time.
Member Since Sep 12, 2015
1933 posts
Nov 14, 2017 at 18:39
Matas21 posted:
Nice trades. Any longer histry?
More to come ,yeah I'll take a look tomorrow when I get time.
"They mistook leverage with genius".
Member Since Sep 12, 2015
1933 posts
Nov 15, 2017 at 17:33
Matas21 posted:
Nice trades. Any longer histry?
Attachments:
"They mistook leverage with genius".
Member Since Sep 12, 2015
1933 posts
Nov 15, 2017 at 23:32
This E/G trade stop loss 89334 that's 194e ,TP set at 90 would be a gain of 929e
"They mistook leverage with genius".
Member Since Dec 11, 2015
1462 posts
Nov 16, 2017 at 15:59
VladoIvo posted:
My top tip - never trade on NFP day
I couldn't agree more. I realized what a bad idea that was in my earliest days as a newbie.
