Monday, April 19, 2010

Overtrading

Lots of trades.

4 comments:

  1. Sparrow FX12:36

    Dear Forexbird,

    If I may ask you about your settings, my Ninja chart don't look at all like your. I mean that when you have 3-4 Chart Bars for 10 pips, I have more then 40 bars... Your charts are so clear, so readable... What is your secret ;-)

    I am also using a "Rainbow", but you "own cooked one" is less messy. Can I ask you if you use WMAs or EMAs ?

    Last question, promised :-), I saw that most of the time you take position in the same direction then the red line... Is this line a 50 EMA, or an SMA maybe ?

    I understand very well that you blog is not about such technical stuff and will not be offensed if you cancel my comment.

    Best regards,
    Sparrow FX

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  2. no secret : setting is 3 and select range bars. you must have one bar for every 3 pips move.

    I use WMAs, the less possible.

    the red dotted line is a 21 EMA.

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  3. Really kind of you, I appreciate loads. Hold on your amazing job, it is important that someone does this kind of things. I will try to write my blog also, but who has enough time ? Nobody of course, that's why it is so nice from you to take time for this.

    P.S. I also have to thank you for the books and music ideas.

    I wish you all the best,

    Sparrow FX

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  4. Luus12:03

    The biggest problem for any trader is over-trading; if we want to be successful in a business like Forex trading then we got to realized over-trading is not the way to go. I had my fair share of problems when it comes to over-trading but fortunately I was able to overcome all that and now working with OctaFX, I am never doing over-trading and always seek right opportunity to enter into the trade, it’s easier to do with this broker and their quality daily updates which is given daily!

    ReplyDelete