Thursday, January 20, 2011



G said...

Hi, I'm wondering if you would change from the 3 range you now use if the volatility changes within the eur-usd? Or to ask it another way, how often do you (if ever) check the ATR of the eur-usd?

Thanks for the charts and posts I find them very inspirational......G

The forexbird said...

Hi G

Range 3 is what i consider best after comparative studies with r 2 and 4. If i had to increase my stoploss, i could opt for range 4 or 5.

I always check ADX 10 on a 1 min chart. I try to avoid trading if this stays below 30.

Saeed said...

I have seen people losing their account on reversal more often than with any other problem so I would suggest we should be really careful when it comes to trading on any kind of reversal a wrong move is really tough to handle for beginners. I am lucky to be able to make earning through all kind of situations because of OctaFX broker, as they have excellent rebate service where we can earn up to 15 USD per lot size trade.