Trading Forex

[padutrader]

African proverb, quoted in "The Complete Turtle Trader":

Every morning the gazelle wakes up and knows it must run faster than the fastest lion, or be killed and eaten. The lion wakes up and knows that it must run faster than the slowest gazelle, or go hungry and maybe starve to death. But it doesn't matter whether you are the gazelle, or the lion. When the sun comes up, you better be ready to start running.

nice
i suppose you run and growl at the same time

but running does get the juices flowing..

 

[padutrader]

trade when the technicals are clear and simple.....

 

[padutrader]

ours is not to solve the mysteries of the market

it is to make money in the easiest conditions......

when the conditions are difficult....drink beer

 

[padutrader]

When the sun comes up, you better be ready to start running.

might add a rider
this is true but not when morning means asian session......if i had not traded asian session i would be close to 80000 by now

 

[padutrader]

must try and meditate through the week end

give the mind a rest

all of you do that too

 

[Onra]

might add a rider
this is true but not when morning means asian session......if i had not traded asian session i would be close to 80000 by now

On second thought; don't skip it entirely.

The trick is to adjust to low and high volatility.
See how tiny the range of week 26 was:

We got to survive in both situations...

And sometimes Asian session moves due to weekend news / big fund starting to buy etc.
It also might be seasonal; I remember times when nothing happened during European hours.
"Why don't I trade US hours only?!"
After a few months the opposite was true. It keeps changing.

Bottomline: trade it with a small lotsize.
And don't add "Padu-style"!!

Don't expect much swing, but get into the groove and if a party starts; dance along!!

 

[padutrader]

On second thought; don't skip it entirely.

The trick is to adjust to low and high volatility.
See how tiny the range of week 26 was:
View attachment 205308
We got to survive in both situations...

And sometimes Asian session moves due to weekend news / big fund starting to buy etc.
It also might be seasonal; I remember times when nothing happened during European hours.
"Why don't I trade US hours only?!"
After a few months the opposite was true. It keeps changing.

Bottomline: trade it with a small lotsize.
And don't add "Padu-style"!!

Don't expect much swing, but get into the groove and if a party starts; dance along!!

nice

but i am a perfectionist...so i keep trading in conditions where i lose money ...and that is why i blow so many accounts but that is also whyi keep learning more and more and i get tempted to blow a few more accounts

but i am running out of money

 

[padutrader]

a bar off it's high, may be bullish or bearish depending on context

 

[padutrader]

eur usd anything above the red line is a sell

especially if it is a gap up

or a dead slow rise....

both of these extreme ends of the spectrum....but markets do have a few curved balls up it's sleeve

 

[padutrader]

Bottomline: trade it with a small lotsize.

my mt4 does not have lot size below 4 lots