Article Library

20/28
Ranking
1-Close stops.2-Enter only at the point of least risk.3-Study what the market pattern is telling you.4-Learn the habits of the traders who know what they are doing.5-Prepare before you sit down to trade.You have to understand that it does not matter what you think the market will do, it will not go anywhere unless there is an imbalance between the buyers and the sellers. One side needs to be winning for the market to trend.The other thing is that you can enter the market at anytime you get a signal that is valid. These signals appear 5 or 10 times a day.Novices never get to learn that the market is easy because they rush in without studying the market flow. Many just listen to brokers and they do not have on line data to see what the market is doing.You have to have the facilities of the professional trader to call yourself one. Most of all you have to act like one.The biggest common fault of losers is that they take a position and will not get out of it when the writing is on the wall that they were wrong. You will always know when you were right and you will always know that if you took a trade and it didn't do what you thought it would you are nowwrong. If it look like it is not…
Read article
Translate to English Show original
SpecialFX avatar
SpecialFX 23 Nov.

Mado, try to include a few images/charts in your future articles, because that way you could have more "quality" points :) Some good advice in this article though, especially the bit about traders not closing their losing positions, that is a big problem inexperienced traders face. Letting losses run and then quickly closing their profitable positions is a recipe for disaster.

doctortyby avatar
doctortyby 25 Nov.

By close stops, what range of pips do you mean?? Over the medium term and long term close stops are different on the spread of the price over the price action chart. Over the short term, intraday trading and scalping, close stops will take you out because of the noise in the markets.

orto leave comments
8/35
Ranking
Success is not in the simplest attitudes?!Which of us does not walk in search of the Holy Grail? We all seek ways to negotiate, that we can bring fortune to our pockets ... but is that deep down, we believe that this is possible?!I walk in the Forex markets since 2006 and in truth I have to tell you, it took me 3 margin call, I've been through different trading strategies, I've lost, I won and I'm back to lose, repeatedly questioned the possibility of quitting, either because I thought it was not my thing, either because I felt that the levels of stress and anxiety rose to the point of forgetting and despise everything that was around me. However, with the passage of time have been mature, I have looked at things another way and I believe increasingly that the solution passes through Discipline, Money Management, and by the simplest strategies. Obviously I am only a simple trader as others here, however is my intention with this article explain a strategy that I have been using and which I consider for each moment that passes as a good way to earn what they me proposed. I assure you, I have no idea of ​​making fortunes with it, but with discipline, without much greed and good manag…
Read article
Translate to English Show original
Bluedragon avatar
Bluedragon 13 Sep.

higher you climb the greater the fall, this movement has improved a bit over our PIVOT.
Monthly Pivot at 150 pips (down)
Weekly Pivot at 70 pips (down)
Daily Pivot currently 35 pips (too down).
Right here we have a nice trigger to sell. I just put a sell order without SL and TP 50 pips pointing. We shall see.

good trades

SpecialFX avatar
SpecialFX 14 Sep.

If with all the problems Europe faces the Euro still goes up considerably, way above the 200-day moving average now, then the market is telling you something, but it sure is not to sell... The markets are always right, even when they're not, there's nothing to gain in arguing with the markets. The trend is friend...or your worst enemy if you go against it, just my humble opinion :)

Bluedragon avatar
Bluedragon 20 Sep.

As you all can see, in trends always reversal happen. And this is a prove of that. Pivot W1 was get it, now we continue moving down to MN Pivot... Pacience is our best friend...even more than trend ;) Good trades to all

alifari avatar
alifari 24 Sep.

nice strategy and well explained

juandata avatar
juandata 21 Sep.

Hi Guys, it looks like a profitable strategy, (thanks for sharing it bluedragon) but for some reason I cannot draw the EMA1, the minimum I can choose is 2. Has this happened to someone else?

orto leave comments