Thread: Full Time FX Trading

Originally Posted by ;

quote UC Closed out to Get a few pips in profit. picture Price just doesn't need to shed hard below that 131.400ish level. Finest option is to take some profit by closing the order. Wait for another entrance or search for a different pair. When price begins to consolidate on top of a support level the danger of allowing an exchange to run is that the bulls can come and require price up greater producing more DD .... Finest option is to get out! ....

UC

And this is the evidence!



Bulls to play.

What you could do if you like to trade it's input brief (following some bearish intent is revealed) from higher up the chart but I am off to sleep .... All of the best if you trade it!

....

AUDCAD promote
tp 1.0020

[quote=5abi;9071547]Cases and The Details: The principles are so easy. You want to find out which market you may wish to trade. Open a daily chart and add a stochastic momentum oscillator using 10, 3, 3 as parameters. It MUST be a daily or weekly chart. Not any interval. View the chart, USDJPY , D1. On July 24th, you see the stochastic are separated, they are almost parallel. This is the kind of visual you need to see in your charts. The stochastic must be parallel. If they aren't parallel, then you want to see higher highs on this indior for buy set-ups or lows on this indior for sell setups. Therefore it's apparent the momentum on daily time frame is bearish. You would like to zoom in the period that is H1 to find a place. The chance collapses on July 25th. The H1 candles tag the Bollinger bands and are unable to penetrate. The penetration fails and the pair limps back down to 105.80 area. Sell it here! Sell at 105.80 using a stop at recent tag of BB @ 106.70. Your goal needs to be at least 90 pips on this trade. Watch the two charts below for examples. picture picture[/
interesting set up , thanks for sharing . Have you tried writing an ea to check the viability long term ?

Perhaps an opportunity to sell here earlier RBNZ on Wed. that are expected to cut rates 0.25 bps. Have to watch PA

I encourage although programming is not known by me very well. Basically, it is a label of 100 or 0 on 40 period BB.

Originally Posted by ;

showthread.php?p=9071547#post9071547 Disliked The Rules and Cases: The principles are so easy. You want to find out which market you may wish to trade. Open a daily chart and include a stochastic momentum oscillator using 10, 3, 3. It MUST be a daily or weekly chart. Not any period. View the attached chart, USDJPY , D1. On July 24th, you see the stochastic are separated, they are almost parallel. Here is the kind of visual you want to see in your charts. The stochastic must be parallel. If they aren't parallel, then you want to see greater Ignored ...

Range leaping between 154 and 156. BB rings are not saying anything. On a fundamental note, Central banks are averse to lowering rates or been quite hawkish. If you put a gun to my head and asked me to chose, I will probably sell this on rest of 1.5450.

Originally Posted by ;

Perhaps a chance to market here before RBNZ on Wed. who are expected to reduce rates 0.25 bps. Have to see PA picture

What occurred sabi , you where doing this well. The risk management was great I am really shocked.

Originally Posted by ;

Traders- I had been PM'ed by many forexforum.co.za members who wanted to understand how I exchange. This post is an effort to shed a little light on my approach I started trading FX 9 years ago and struggled for many years. I tried a lot of indiors and Holy Grail systems. As long as I used indiors, I struggled. The battle stopped when I started trading using price action and nothing else. For past decades, I have averaged 10-30 trading roughly 4-5 hours a week. This season is a major season in my trading career, as I am preparing to...

I really wish to thank you for this particular thread you started. This helps to boost our trading soul. I have often find that FX forums are full of pessimists who only believe that profitability in FX is not achievable.We desire more of you to share with us, no matter these criticisms they could receive from members. I believe you exchange with Bollinger Bands- please if am wrong let me know. I also find it useful myself in seeing trend.I use monthly and weekly TF, and utilize Daily to get entry/entry point. I really love you.

Originally Posted by ;

quote I actually wish to thank you for this particular thread you started. This helps to boost our trading soul. I've often discover that forex forums are filled with pessimists who only believe that profitability in forex isn't achievable.We need more of you to share with us, irrespective of the criticisms they may receive from associates. I believe you exchange with Bollinger Bands- please if'm wrong let me know. I also find it helpful myself in spotting trend.I use monthly and weekly TF, and utilize Daily to acquire entry/entry point. I really love you.

Naija Brother, would you utilize a locally marketed broker?

Originally Posted by ;

quote Naija Brother, would you use a locally advertised broker?

No, they are not controlled here. They are not regulated by any one. They came from off coast to open their offices here. I won't ever recommend them, knowing what's involved in fx trading. I adore UK brokers, though not all