FB, It seems to me the safe moves if you are trading the 2 range would be to first trade with the bias and then wait for two conseq. bars the same color for entry. So if shorts are in then look for two red bars after a blue and enter, the first blue bar exit. What are your thoughts...
It’s always important to analysis well since that’s how we can tackle any situation while good money management is also equally important; it’s never possible for anyone to be 100%, so this is why we need to have cover to handle these things. I always use strict money management and that really helps me with working, but another thing that really puts me into benefit zone is OctaFX broker’s massive rebate program that gets me 50% back on all trades.
"When i trade at home, I often watch the sparrows in my garden. When I feed them bread, they take just a little piece at a time and fly away.They keep on flying back and forth, taking small bits of bread. You will never be able to shoot a sparrow, it is just too fast. That is the way I day trade". M. Weinstein.
"Μηδείς αγεωμέτρητος εισίτω μοι την θύραν". Plato
"Toute lucidité est la conscience d'une perte". E. Cioran
There is nothing to sell on this blog. No signals, no "systems" for sale. Just my trading plan and the recording of my trades on eur/usd and the fx euro future recently. And the books, the music, the films I like.
The Forexbird is a professional currency trader. He is also photographer and engineer, a maths and music addict and curious about everything.
I got a few pips and then I left monitors to take care of my daughters. When I came back, price was 70 pips down...
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Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The author is not liable for any loss or damage which may arise directly or indirectly from the content of this website.
3 comments:
FB, It seems to me the safe moves if you are trading the 2 range would be to first trade with the bias and then wait for two conseq. bars the same color for entry. So if shorts are in then look for two red bars after a blue and enter, the first blue bar exit. What are your thoughts...
in a way, yes. That's what i did myself on the chart!
It’s always important to analysis well since that’s how we can tackle any situation while good money management is also equally important; it’s never possible for anyone to be 100%, so this is why we need to have cover to handle these things. I always use strict money management and that really helps me with working, but another thing that really puts me into benefit zone is OctaFX broker’s massive rebate program that gets me 50% back on all trades.
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