https://bensfxdiary.wordpress.com/
haha. hope to get some feedback from people so that I know that I'm in the right track.
Forex version XVII, Foreign Exchange Market Discussion
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Jan 8 2016, 01:29 PM
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#1
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110 posts Joined: Jul 2011 |
I'm a newbie in forex. So i started a blog to document everything i learn from start.
https://bensfxdiary.wordpress.com/ haha. hope to get some feedback from people so that I know that I'm in the right track. |
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Jan 8 2016, 03:42 PM
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#2
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110 posts Joined: Jul 2011 |
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Jan 8 2016, 03:44 PM
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#3
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110 posts Joined: Jul 2011 |
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Jan 8 2016, 10:10 PM
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#4
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Junior Member
110 posts Joined: Jul 2011 |
anyone trading the NFP?
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Jan 9 2016, 01:42 PM
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#5
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110 posts Joined: Jul 2011 |
QUOTE(CallOfLegend @ Jan 8 2016, 11:25 PM) I'm pure technical trader, i didn't trade news. But i'm not avoiding trades during news. The only time i will avoid to trade is when a particular pair with stalling price. The longer the time price is stalling the more dangerous it is. The calm before the storm. stalling is good right? that's when you anticipate for a breakout |
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Jan 9 2016, 03:32 PM
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#6
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110 posts Joined: Jul 2011 |
@Supreme1394 Do you trade NFP news?
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Jan 9 2016, 05:44 PM
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#7
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QUOTE(KeroroQ @ Jan 9 2016, 05:05 PM) Breakouts are quite an art Do you mean plotting using Fibonacci?how are the candles behaving. For TF analysis, instead of discarding, try looking and plot price areas with strong S&R especially on weekly and monthly TF, those zones are usually strong This post has been edited by vergil88: Jan 9 2016, 05:44 PM |
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Jan 10 2016, 01:32 PM
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#8
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QUOTE(phat_mcjack @ Jan 10 2016, 11:47 AM) the only advise i could give from my newbies perspective is to do a proper analysis before you go with your entry and trust your analysis. if you want to swing, stop using ts. ts will ruin analysis even if your analysis were actually on your favor. you can use use different tf to confirm a reversal then manually exit a position with acceptable confirmation. TS or SL is still necessary no? because you can't be monitoring 24 hours and get out of the trade in case of reversal. |
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Jan 10 2016, 05:22 PM
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#9
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QUOTE(phat_mcjack @ Jan 10 2016, 04:22 PM) SL is a must. as i always say, with proper risk management and money management, SL will not burst account although there might be slight losses. You need to understand and accept the fact that losses are normal in financial trading. What matters most is you are in the gain zone in the overall. Rule number 2: Don't lose your capital |
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Jan 10 2016, 10:45 PM
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#10
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QUOTE(cmk96 @ Jan 10 2016, 08:46 PM) Sound like you want to play swing and earn more pips from your trade... I never set stop loss. Most ppl will not agree on this. Forex is tough... it will shake up those who are not confident enough in their trade... and the trend resume to your initial direction after awhile. My advise is...be patience. [attachmentid=5751959] |
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Jan 11 2016, 05:47 PM
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#11
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110 posts Joined: Jul 2011 |
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Jan 12 2016, 07:12 PM
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#12
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*hides, waiting for pros to come out*
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Jan 12 2016, 08:14 PM
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#13
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Jan 13 2016, 12:28 AM
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#14
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Jan 13 2016, 12:49 AM
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#15
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USOIL (WTI) price drop drop drop like grapes. USD/CAD goes up up up
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Jan 13 2016, 01:18 PM
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#16
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QUOTE(Supreme1394 @ Jan 13 2016, 12:15 PM) Dunno, seems to be retracing heavily now Small rebound i think, looking at the 1 day chart still in a strong down trendThis post has been edited by vergil88: Jan 13 2016, 01:19 PM |
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Jan 13 2016, 03:45 PM
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#17
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Jan 13 2016, 03:56 PM
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#18
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Jan 13 2016, 04:00 PM
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#19
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Jan 13 2016, 04:17 PM
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#20
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