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- g3song replied Sep 13, 2020
So far we have illustrated our setup. In big picture, we see two patterns: trending vs ranging. Each pattern can convert to other at any time. In small frame, we see either long or short and play a hedging game between two sides. Let's review why we ...
- g3song replied Sep 13, 2020
To compare the ranging situation, let's take a look at a typical trending chart. Again we use daily chart as our direction template. image This is a clear uptrend chart. It has the following characters, 1. Price stays above 10 day moving average ...
- g3song replied Sep 12, 2020
The chart example you saw in the last post is a perfect illustration of Ranging situation. Our method is simply short at top of daily band and long and bottom of daily band. image If you pay attention to the red arrow where we indicates the short ...
- g3song replied Sep 9, 2020
Again let's use EU as it's the most popular pair to trade. Take a look at our 4H chart. We draw daily bollinger band + 4H bollinger band on 4H, along with 10 day moving average and Heiken Ashi. Personally I don't like too much indicators on the ...
- g3song replied Sep 8, 2020
Now it's time to introduce the hedging board game between long and short. We have been talking about no stop loss and no close of each trade. The reason is that Forex quotes is always in pair. Long EU = Short UE. At the same time, Close EU long = ...
- g3song replied Sep 7, 2020
So far you may think we only talked about boring stuff, but I hope eventually you will realize those concepts/philosophy are the actual reasons why we are making profit. Now let's share our setup. We will use EU as example for now. First we use Day ...
- g3song replied Sep 6, 2020
Before we talk about the battle between long and short, let's first talk about the thinking behind our strategy. Concept 1: Army General vs Battle Captains. If you are the army leader, you always look at the big map. You make decision on either ...
- g3song replied Sep 5, 2020
Managing Risk is the most important factor in Forex trading. Any system may lose all capital at one point is garbage, no matter how much return it may have brought in the past. In order for our system to work, we need to meet following two rules. 1. ...
- g3song replied Sep 4, 2020
With the labor day coming, market is slow. Let's discuss and share a few philosophy points first. If you do not agree with those principles, there is no need to continue following this thread. Principle #1: Ranging vs Trending is a million dollar ...
- g3song replied Sep 3, 2020
Oops, I replied the wrong thread. I had the same view as you. Forex is very much a beast on it's own and the game plan is completely different from trading stocks and options. Sorry about the confusion I have caused.
- g3song replied Sep 3, 2020
The different is about margin, lot size for Forex. In stocks, it's more about asset allocation, rebalance and diversify. The chart may look similar, but again what's the point to compare a daily chart to a one-minute chart? In Forex, we make money ...
- g3song replied Sep 3, 2020
I cannot agree more with this statement. History can never predict future. Trading is 90% about money flow management with in and out and 10% lucky with directions. There are many tricks when to get in but mostly it's all about how to manage the ...
- g3song replied Sep 3, 2020
What does demand means in Forex trading?
- g3song replied May 5, 2010
Thanks for your kind help. I will give a try.
- g3song replied May 5, 2010
Help needed. — Hi, This is the EU chart I saw yesterday here. Does anyone know what are those curved lines in the main chart? Do they re-paint? What's the indicator/template name? Any help would be greatly appreciated. image
- g3song replied May 5, 2010
Hi, This is not a chart from my own computer. It's a chart I saw on the net. But thanks anyway for your reply.
- g3song replied May 4, 2010
Your template — Hi, Sum_1, I like your template on mt4. Would you help to tell me what are those lines in curves? Do they repaint based on new high/lows? Thanks!
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