Welcome Guest ( Log In | Register )

Bump Topic Topic Closed RSS Feed

Outline · [ Standard ] · Linear+

 Forex | Version 8, Foreign Exchange Market Discussion

views
     
Quinn
post Aug 2 2011, 04:59 PM

Cloud Surfer
******
Senior Member
1,227 posts

Joined: Sep 2004


QUOTE(sapapa @ Aug 2 2011, 04:44 PM)
Hehe, ichimoku is not bad, but it has pretty slow signals for entry point. Example it is an uptrend, you could have entered at 110.5 instead of 111.5 given by ichimoku. Ichimoku is good, reliable, just that the entry point is slow...hehe
*
I have to agree with you. It is slow because trend traders wait for trend to develop and do not pick the bottom or top as most traders do. I was once such trader and I hit many stop loss because I try to predict where the turning point is. If the turning point is never predicted right, i would have lost 4-5 attempt using fibonacci. This means, for a trend trader, I rather wait for a trend to develop and ride the kumo or kijun as my stop loss. I will try to capture 30-60% of the trend. This will mean that I am trading on the highest probability trading setup. With confidence, I can increase my lot size to profit from this 30-60% trend with ease of mind. I maximize when i get to ride the trend. I cut loss, if i am wrong.

Take a look below. These are some of my trend that i am riding. I monitor 25 pairs , daily time frame. No stress. Just managing my stop loss every morning.

But again, each individual has its own style. Look for that style that suit your life style. thumbup.gif

I have long term and short term strategy. Long term is like a bonus. Short term is like my full time job salary.


Attached thumbnail(s)
Attached Image Attached Image Attached Image Attached Image
Quinn
post Aug 2 2011, 10:59 PM

Cloud Surfer
******
Senior Member
1,227 posts

Joined: Sep 2004


Have you been buying CHF when there is a retracement? You would be laughing to the bank, teeheehee..
Quinn
post Aug 4 2011, 09:26 AM

Cloud Surfer
******
Senior Member
1,227 posts

Joined: Sep 2004


Let's not talk about profits. Let's talk about the market and TA.

USDX resistance holding strong. Inverted H&S has turned into a channel, as usual.


Attached thumbnail(s)
Attached Image

3 Pages < 1 2 3Top
Topic ClosedOptions
 

Change to:
| Lo-Fi Version
0.0149sec    0.87    7 queries    GZIP Disabled
Time is now: 11th December 2025 - 07:38 AM