it does not take a genius to say eur is a sell
but to time it is a challenge
but to time it is a challenge
Trading Forex
- Thread starter padutrader
- Start date
You mean your broker?
Look at your first posts; lotsize: 0.1
thinking of market in terms momentum, which is what novices do,will cause serious misunderstanding and serious financial hemorrhaging of account.
this is because even when the markets trend strongly it moves in a channel
this is because markets will go full speed ahead, until it hits the top of channel and then without much ado, turn around and go full speed to the bottom.
there is no follow through of momentum which is the normal expectation.
there are two channels most of the time a up channel and down channel...with one being steeper than the other.
sometimes there is only one channel and that makes it simpler to trade....since this is less often the markets can be 'choppy' with moves on both sides which may to the untrained eye seem random or even called stop running.
it is neither of these it is pure technicals at play
this is because even when the markets trend strongly it moves in a channel
this is because markets will go full speed ahead, until it hits the top of channel and then without much ado, turn around and go full speed to the bottom.
there is no follow through of momentum which is the normal expectation.
there are two channels most of the time a up channel and down channel...with one being steeper than the other.
sometimes there is only one channel and that makes it simpler to trade....since this is less often the markets can be 'choppy' with moves on both sides which may to the untrained eye seem random or even called stop running.
it is neither of these it is pure technicals at play
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to make things even more interesting, these channels need not be defined by parallel lines.....triangles wedges....broadening patterns all behave like channels
the only reason i am blowing accounts is trying to trade in difficult conditions because i have to trade
why
because a trader must trade in all conditions. or so i thought.
this is the biggest bullshit and i have been doing it for 4-5 years
i now know that a trader must trade to make money....easy money.......not when things re difficult.
you have the choice when to trade and that is your biggest edge
some AH fellow put the idea in my head-pure bullshit- that i must trade all the time in whatever conditions the market is in.
why
because a trader must trade in all conditions. or so i thought.
this is the biggest bullshit and i have been doing it for 4-5 years
i now know that a trader must trade to make money....easy money.......not when things re difficult.
you have the choice when to trade and that is your biggest edge
some AH fellow put the idea in my head-pure bullshit- that i must trade all the time in whatever conditions the market is in.
do not get into the trap of over analyzing market's every move.....that was the most costly misconception and only now am i realizing the folly of that bullshit.
markets takes time to prepare to move and if you trade at that time you are doomed
markets takes time to prepare to move and if you trade at that time you are doomed
markets are a new puzzle every day.....
they are like a daily cross word....
every day different every day same
they are like a daily cross word....
every day different every day same
Mmm hmm. Only trade when the conditions seem conducive to your type of mind and trading ability. I took 2 trading days off last week because I wasn't comfortable. And I'm not in tonight because I do NOT like this next week of crazy on equities coming up. Powell could drop some surprises on Tuesday, and I happen to have a medical appointment at the exact same time he's due to speak on Tuesday.
I may poke at it tomorrow, but I'm remaining cautious. Probably will until July. Have gotten the VX data now, and need to start studying that.
yes that is the biggest advantage...to be able to stay out ... not do anything.....
when i used used to trade stocks in 2005 in the bigest bull market but even then i used to be out of market for 3-4 months at a time