Wednesday, June 29, 2011
Enjoy the day
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"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.
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13 comments:
forexbird,
my i know the name study of the 5 lines thnt moved together between the same space at the background ? TQ
MR, TST,I can say you a secret of forexbird's successful trading. He is simply very good at PA or tape reading, or you can call it how you want. And in todays market lagging indicators cannot guarantee you a profitable trading, only PA can. So study the movement of the price, feel it. All successful traders a simply a good followers of the market. And forexbird is too :) So don't ask about indicators, just learn tape reading, because market never lies, that would be my advice ;)
Scorpio
scorpio,
well, I just ask the name of the study/indicator ...hopes I dont ask anything wrong here :-)
of course nothing wrong about this, but i just thought you want to trade profitably :)
Scorpio
tst,
it is a simple keltner channel 20, 5. But I don't look much on this. It is there because it makes my charts more cute, lol.
Thanks forexbird, I tried to put this thing using ema, wma hi hi lo lo, bollinger but not good to the eyes.
Scorpio, my trade now is breakeven - ding dong, hopefully when I see cute things,I will be a better trader - ding dong bell - caching. But I got your point. tq.
TST, I think when you will pay more attention to the price action and less to lagging indicators you will be not at a breakeven, but in consistent profit like forexbird. Because, thanx to price action, you can be in profit of several pips, before the indicators will show you the signal. Good luck in your trading :) and forexbird you are trading very nice as always ;)
Scorpio
thank you, Scorpio.
its true 'All successful traders a simply a good followers of the market.'traders can quite simply see a greater return on their money in Forex because of high leverage and strong liquidity.
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Yeah, it’s vital that we enjoy things, if we are not doing that then we could face a lot of issues, so got to be very wise. I trade with OctaFX broker and with them, I am able to do it all very nicely with the long list of features which include small spreads starting from 0.1 pips to high leverage up to 1.500 while there is also rebate scheme where I get 50% back on all trades, it’s even with losing trades too, so that’s why I like it so much.
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