Monday, December 7, 2009

Getting a direction

First trade was lucky, then it took some time to get a price direction on the chart. This is precisely the moment I look for. But the trades inside the unbroken rectangle can be painful.

5 comments:

Alessandro said...

Hi Costantino, still using IB? or currenex?

The forexbird said...

still in love with IB! I could not trade this way whithout BookTrader!

Alessandro said...

I love IB platform too, but could you please explain why you could not trade this way without Booktrader?
The only think I hate about Currenex is that I cannot enter at market and have an auto stop loss set.
What do you like about booktrader?

The forexbird said...

because i almost always enter trades with limit orders which i put instantly with 1 click on BT. Stop is putted also with 1 click on this price ladder.

Arbaz said...

We got to make sure we don’t trade just on luck or that type of mindset, we must go on to do trading with confident and certain method, it will be seriously risky for anyone to trade with uncertain trend. I always follow the trend and thanks to OctaFX broker, I find it easier with their amazing daily market news and analysis service, it’s ever easy to follow yet highly effective as well, so that’s why I am able to work out nicely.