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ScalpingRus
May 01 2015 at 08:27
116 件の投稿
PERPETUUMMOBILE posted:
Count 'price bars' instead of 'time passed' when trading.

Any decent and successful trade lasts about 4 to 8 bars as an average, regardless of the chart time-frame.

If this is done on the 5 min chart, the trade lasts only about 20 to 40 minutes.
When it is done on the daily chart, it means 4 to 8 days, or 4 to 8 weeks on the weekly chart.

This is very important to realize!
Traders who are not aware of this, often close good positions much too early and leave a lot of money on the table.

This is also very important to realize when in a losing position (called 'time-stop')
If one is in a losing position and prices do not return back to the entry price within 3 to 4 bars, it is almost always a good decision to close the position with a small loss, rather than waiting - and hoping - that prices will turn back into the trade-direction.


Traders who are not aware of this often create these massive 'draw-downs', and sometimes are lucky enough, not to get a margin call.

This is the simple concept to
KEEP YOUR LOSSES SMALL AND LET YOUR PROFITS RUN!


   Thank you for showing us examples. Now all you have to do is be the example and upload one of your accounts which reveals that you are doing what you have just mentioned.

honeill (honeill)
May 01 2015 at 09:26
1141 件の投稿
On yesterday session EURUSD initially fell but found enough buying pressure at 1.1097 to turn around and closed near the high of the day, close to a daily resistance at 1.1232. A break to the upside of the daily resistance at 1.1232 would suggest another push higher to the next daily resistance at 1.1459. Today in most countries is Bank holiday due to the Labor Day so we may expect light trading volumes.

"I trade to make money not to be right." |
victoriajensen
May 01 2015 at 13:31
1117 件の投稿
honeill posted:
On yesterday session EURUSD initially fell but found enough buying pressure at 1.1097 to turn around and closed near the high of the day, close to a daily resistance at 1.1232. A break to the upside of the daily resistance at 1.1232 would suggest another push higher to the next daily resistance at 1.1459. Today in most countries is Bank holiday due to the Labor Day so we may expect light trading volumes.


EUR/USD did break above 1.1232 and I too think that the pair will continue climbing at least until it reaches 1.1459, although I would not be surprised if it continues moving to the upside until it reaches 1.1700.

BenNathanFX (BenNathanFX)
May 01 2015 at 14:20
137 件の投稿
hey guys - don't forget its a European bank holiday on Monday!
Have a lovely weekend all!

HOLY GRAIL: Fundamental Analysis to chose your pairs/direction, Technical Entry/SL/TP for consistent Management of those decisions
CrazyTrader (CrazyTrader)
May 01 2015 at 14:30
1718 件の投稿
BenNathanFTA posted:
hey guys - don't forget its a European bank holiday on Monday!
Have a lovely weekend all!


Looks like your motto is getting smarter !

CrazyTrader (CrazyTrader)
May 01 2015 at 14:31
1718 件の投稿
CrazyTrader posted:
Where is GBPUSD thread?




Just in case you're wondering how to make pips on Forex? : )



添付ファイル


PERPETUUMMOBILE (PERPETUUMMOBILE)
May 01 2015 at 14:52
136 件の投稿
explanation as to how we trade out of a closed trading range

添付ファイル


"a little bit of knowledge is a dangerous thing"
CrazyTrader (CrazyTrader)
May 01 2015 at 15:08
1718 件の投稿
PERPETUUMMOBILE posted:
explanation as to how we trade out of a closed trading range


Now I know why I vouched for you 2 days ago!

Thank you for the time taken to do this.... I'm not the only one anymore posting nice picture.

*MB... I use to call it MC (Mother candle)

By the way with M Pattern, Long signal is set from point 1 : )

bewayopa
May 01 2015 at 17:12
372 件の投稿
EUR / USD continued its ascent on Thursday and managed to reach the critical line of resistance 1.1260.
The short term trend remains positive.
In the momentum of studies, the RSI rose from its overbought zone and seems prepared to cross below 70.
MACD rose and could soon fall below the signal line.
On the daily chart, the break above 1.1045 marked the conclusion of a possible training 'double bottom' something that could represent bullish implications wider.

Abdul2012
May 01 2015 at 20:24
413 件の投稿
EUR/USD broke above the 1.1230 again today, but could not continue upward ,Next week i think that we will see more move up for the pair. peaceful weekend for all.

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