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Hi Friends....Now there were four topics I wanted to write this week, but I have the choice of writing only one... The four topics I wanted to write areContinuing with my series on trading with MA's, trendlines & stochs.Price Action - What the market speaks to us, learning to listen.One of the friends, hakala commented on my ways of drawing trendlines, I wanted to elaborate on it.One of our friends, Mielec asked me about how do we control our emotions, though he & many others have written very nice articles on the various risks and emotions we undergo during trading, no one has written(of what I have read) about the ways to control & conquer them.Well.... as is clear from the heading, I chose the fourth option because no matter what strategies we follow, no matter what our account size is, no matter how experienced we are in the markets, these emotions are things that get the better of us at one time or another.Guys I would also suggest the articles by Positive, he is writing some very beautiful articles about how we are made. And to conquer the enemy you must know him, so I will suggest everybody to read Positives articles as well.All right now on with my article on controlling ou…
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ritesh avatar
ritesh 22 Dec.

Wishing you a very happy and prosperous New Year. +1

live4trading avatar

An extensive article.... good!!!

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Hello Friends...We have always read that "Trend is your Friend", all we need to do to rake in those Pips is to stay with the Trend...... But how do we know what is the direction of the present trend & if it is trending at all?Largely speaking there are two methods to know about the trend of markets,Moving AveragesTrend LinesMoving Averages        Moving Averages is one of the oldest and simplest form of Technical Analysis and are very good for Trend Identification and often also act as floating support and Resistance. The best example of this is the 200 Day Simple Moving Average, which in a broader sense can also be termed as the holy grail for trend identification. In most of the cases this also acts as a very good Support & Resistance.          The 200-SMA acts fabulously in the lower time frames also, but as is tended to be in most of the strategies using Moving Averages, the lower the Time Frame the higher the Whip-Saws.Trend Lines           Trend-Lines are lines drawn on the price chart connecting various highs and lows of the prices to get an understanding of the direction of the price or trend.Above is the Daily Chart of EURUSD pair. The green line is the 200 Day Simple Movi…
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mielec avatar
mielec 19 Dec.

This does not mean that they are not useful because there are still exist some channels or trends but the price goes through the straight lines with considerable deviations giving a lot of misleading the signal :)

krishere avatar
krishere 20 Dec.

mielec that is why I have suggested to wait for the crossover in Stochastics in the OB or OS to filter out the noise....

And you can never always be right, thats the reason we have Stop-Losses in place.... :)

radha avatar
radha 21 Dec.

I am new to forex and think this is quite simple... thanx :)

live4trading avatar

Not good enough... should use more new systems and indicators...

Bideira avatar
Bideira 22 Dec.

Article it's good! I dont use Stoch or any oter oscilator, they are good in ranges, but can kill you in trends.

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All of us want to be or rather love to be in a job where we have minimum work, to be precise minimum Physical & mental work and still have a steady flow of abundant income. More than our wildest dreams and the only ways we think it is possible is               1. When a relative leaves behind a deed with our name as the Nominee               2. Financial Markets either Forex or Equity or Commodities or BondsCoz we are uncertain of the first we try our hands on the 2nd means to get to that billion dollar milestone. Forex markets seem like the angel sent from heaven, you can trade at your convenience with minimum startup money and still rake in the mullah!!! All you need to do is just "Buy Low and sell high" & "Sell High and Buy Low"..... SimpleeeeeeAnd to make matters easy we even those free Forex no deposit bonuses, just the perfect way to start a new side income with No Risk. No Capital. No Headaches. So, We are all setup with a free account to start trading and making a lot of money. We try one 'No Deposit Bonus' after another endlessly blowing up one account after the other, with no idea of what we are doing. In the meanwhile we go through various blogs and forums trying to find…
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the_king_of_fx avatar

Ofcourse we can!!!!

radha avatar
radha 21 Dec.

I am surely gonna try.... lol!!!!

mielec avatar
mielec 22 Dec.

Jungle modern jungle...this is becoming incresingly popular synonymous with the word market

mortyl avatar
mortyl 22 Dec.

Yes You Can!

live4trading avatar

We can & we will!!!

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