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March 1st, 2016

shahzad0171 Posted 1 Mar.  in #Trader's blog
Hello dear followers,
It’s been a long time since I was here to test my skills in dukascopy trader competition. The main reason for my absence was that in my previous instants I could not have a great time here due to lack of experience in forex trading, I was making some really very good entries but could not managed my trades very well. I was using way too much leverage to earn bigger sums to get on top of the competition, hence resulting in big losses.
This time my moto is to make sure that I…
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The advantage of setting stops

shahzad0171 Posted 11 May  in #Trader's blog
The advantage of setting stops using a technical formula, is one way to move your stops away from the clusters where the majority of market participants set their stops at. This way, you can achieve better executions on your exits and lower the probability of a stop run.
The method of taking those profits which are on the table works best when you are trading counter trend since the anticipated amount of profits is relatively limited. However, to take quick profits in a trend is usually frustrat…
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Channel Exits

shahzad0171 Posted 10 May  in #Trader's blog
Hello dear followers
In continuation of my previous articles, Another method of trailing the stop is commonly referred to as a “Channel Exit”.
A channel exit is extremely versatile and can work equally well with weekly bars or five-minute bars. Also, keep in mind that any examples referring to long trades can be equally applicable to short trades.
The implementation of a channel exit is very simple. Suppose we have decided to use a 20-day channel exit for a long trade. For each day in the trade,…
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