image

Price is everything

image

Price is everything

Greetings NaughtyPip, Here's my AUDNZD analysis tell me whatcha think. image

Price is everything

Greetings Bangster, I like your AUD/NZD analysis.

Price is everything

re:drbsprasad — I sometimes like overlaying price with EMA's but as for combining it with RSI. I'm not sure but if it works why not. Just keep in mind that gauging the POWER accompanying price pattern should be the focus. Indicators are to ...

Power of The Relative Strength Index

RE: TradingForex — Indicators lure many newbies from the most important aspect of trading; "PRICE ACTION analysis". In the final analysis all one really needs is a price chart and volume. They could use trend lines in place of moving averages ...

Power of The Relative Strength Index

RE: Hello Hanover / Orientos — Orientos... prices are overbought above 70 and oversold under 30. In forex YOU'RE HANDICAPPED more than the average trader; therefore you had better have your act together before trading it. PATTERN RECOGNITION ...

Power of The Relative Strength Index

re: — I'd love to help. The relative strength index tells traders when price patterns are strong and weak. This is critical info. to traders whether they're following or fading. No one wants to be stampeded after entering the market so they'd ...

Power of The Relative Strength Index

RE: PRIEST9 — Hey Priest9, You're in the neighborhood. It's about emotions! The risk is the same. (I'm a seasoned trader and realize this fact very well) How do you want your pressure? Would you prefer a $500 loss from a single account or a ...

The Kod Unorthodox Strategy!

RE: Lesaurus — Or course it's crazy! It's crazy to you because you don't understand. There're those whom get it and those whom don't and that's expected as well as the criticism.

The Kod Unorthodox Strategy!

RE:BUDI_838 — You're somewhat getting. I challenge myself and group to think outside the box and introduce components which work regardless of industry. You say it's the several products. I say NO way! "Stamps (1 sole producer) make the US ...

The Kod Unorthodox Strategy!

Multiple accounts are for the emotional trader whom has a tendency to bail prematurely. Guess why they bail prematurely? Fear. And guess Why? Over-trading! (contracts too large compared to one's capital) I believe if emotions are affecting execution ...

The Kod Unorthodox Strategy!

RE: BUDI_838 — You're missing the point! You won't find 1 professional trader whom does everything from a sole account. They've got several accounts and they're all producing. To myself each account is a business. Production from many will ...

The Kod Unorthodox Strategy!

RE: FXNewbie | BUDI_838 — I truly appreciate the response. Please allow me to elaborate further. The reason why multiple accounts (stores) is far superior than a sole account (store) is simple. Let's say you and I both have $5,000 (trading ...

The Kod Unorthodox Strategy!

In closing I'd suggest learning to buy the dips during uptrends and selling the rallies during down trends (pullbacks/fibonacci retracements). If you don't already know how to do so there're plenty sources in which one can learn. Trade from larger ...

The Kod Unorthodox Strategy!

Many trade a single account and in doing so they usually trade using far too many contracts. And many of them would say "BUT I CAN'T MAKE ANY REAL PROFITS OTHERWISE". I would respond by saying "YES YOU CAN IF YOU STOP THINKING HOME RUNS WITH A ...

The Kod Unorthodox Strategy!

RE: Microsuck 36 — Thanks! It's best to use smaller contracts via mulitple accounts because you'll be far more comfortable and far more profitable.

The Kod Unorthodox Strategy!

RE:Tonny47 — Example: If you've got $10,000 in your account and you're vested in several instruments. They're combining forces to pressure your margin. Margin calls are a traders worst nightmare. Your expose is greater via 1 account because ...

The Kod Unorthodox Strategy!