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- shewill replied Nov 28, 2006
I think it is good to use stop losses. What I do is look at the market and determine support and resistance levels. Then depending on the momentum of the market I place stops 2 to 5 pips above resistance (sell) or below support (buy). If my stops ...
- shewill replied Nov 26, 2006
Is everyone ready for the open. Is there a consensus for opening direction?
- shewill replied Nov 24, 2006
Very excellent trading style. Its what you should use to get ten thousand dollars to trade with. You want $10,000 to try and hit these type of numbers in a day. With trading styles as we have you see it can easily be done by anybody.
- shewill replied Nov 24, 2006
Thanks for your reply and comments. You have had a wonderful month. i hope you have many more to come. i am in my wife's account by this is aswilled.
- shewill replied Nov 24, 2006
This is a very good point because if you are going along with a trend there is no need to cut your own profits. Your maximum profit potential stops at your stop loss once you are in a winning trend. The GBP is making new highs and thankfully I have ...
- shewill replied Nov 24, 2006
With all that was going on in the news I was steadily ignorig that and sticking to the pattern of the candlesticks. Got in long at 8967 watching pattern and indicators.
- shewill replied Nov 24, 2006
Me too.
- shewill replied Nov 24, 2006
This is a very good answer to this question. You hit it on the nose.
- shewill replied Nov 23, 2006
You my man/ma'am are a very wise business person and trader. You must look at the over all picture. You forgot to mention the most important nation, Japan. If Japan didn't invent the system of "trading" they surely refined it.
- shewill replied Nov 22, 2006
Your only disadvantage in forex is not playing by the rules. If you dont discipline your to trade our style until you master it then learn new styles everyday you will be at a disadvantage. The forex is the best daytrading arket in the world. I have ...
- shewill replied Nov 22, 2006
Risk management is very important! Whatever profits ou make, only risk half of that. You made $1,200 and traded $1200? No good. You should of bet $600. Your loses will deminish the more you perfect your trading style. Trading style is very ...
- shewill replied Nov 22, 2006
Why do you choose to use a 50 pip trailing stop instead of 20? Is it because of the 200 goal? Wouldnt you like to lock in your profits?
- shewill replied Nov 22, 2006
I thinl its maxing out right now. But its iffy. Because its been on a rise sice a '02. And our government aint trying to help nothing that doesn't benefit their personal pockets or health. So we all have to watch and see whats it is ...
- shewill replied Nov 22, 2006
This is aswilled using my wifes login. Now, negative news give negative results. and vice versa. To get the news before it comes out is insider trading. Punishable by 10 - 20 yrs in federal prison. Its what unseated Martha for a bit. This is how you ...
- shewill replied Nov 22, 2006
There are many books that can help you learn about the different indicators. I find that the japanese candlesticks are an excellent leading indicator. Used in conjunction with MACD, RSI, BBs and some others you can efficiently predict the movement. ...
- shewill replied Nov 20, 2006
make a plan follow the rules! EXCELLENT!
- shewill replied Nov 20, 2006
Trading in the forex market is an excellent way to become financially free. Easy it is not but it can be understood and simplified. I use VT trader platform and I like the fact that you can customise all your indicators. I use the MACD histogram, ...
- shewill replied Nov 19, 2006
Japanese candle sticks are a wonderful tool. There is a lot that can be learned about the movement of the currency by studying the various patterns of the cadlesticks. I have been using them successfully on the VT Trader platform. They work well ...
- shewill replied Nov 19, 2006
Are we discussing being without emotional in general or just in trading. I think that life in general without emotions would be very futile. However if we are speaking about the place of emotions in our trading decisions the they have no place there ...
- shewill replied Nov 19, 2006
You mention being 'only on a practice account'. It is important to have a practice account. This is where you familiarise yourself with the currency market and a pair that you can work with. It is here that you learn how to use indicators, both ...