Guys any good book on what trend following methods that i can read on? Just finished trend following by michael covel
Forex version XVIII, Foreign Exchange Market Discussion
Forex version XVIII, Foreign Exchange Market Discussion
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Apr 20 2016, 01:53 AM
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#1
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Guys any good book on what trend following methods that i can read on? Just finished trend following by michael covel
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Apr 20 2016, 02:12 AM
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#2
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Apr 20 2016, 03:52 PM
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#3
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QUOTE(9kingsir @ Apr 20 2016, 04:26 AM) Hehe i'm reading up to either enhance my knowledge, recall some of the methods that i read up or tweak my current strategy. Mainly just to gain knowledge. There won't be a book that can make you rich if it doesnt suit your personality lo |
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Apr 23 2016, 01:37 AM
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Apr 28 2016, 01:26 AM
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#5
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Guys, after i print screen my chart off mt4, what application you guys mostly use to record in my journal/evernote? Currently using the default snipping tools
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Apr 28 2016, 04:50 AM
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#6
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May 18 2016, 08:00 PM
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#7
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GBP pairs all moving
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May 18 2016, 10:20 PM
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#8
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QUOTE(Goodboy92 @ May 18 2016, 02:37 PM) A question to Swing Trader If a trade goes sideway, then if break the consolidation can consider to avg up or exit. Normally swing trader would hold until you see something that is wrong with the 1st reason you enterWhat if a trade goes your way and goes sideway/retrace for 2weeks For example Up 200 pips after buy , then retrace back 100pips in 2 weeks Yet your SL still valid and your trade condition still valid Continue the trade or quit? Cause it make no progress on my account as i cant take other trade while the trade goes. I bought EURGBP at 0.78477 on 02/05/16 until now 16days goes I sell CADCHF at 0.76474 on 02/05/16 until now I know i am taking too long on this trade - but the condition still valid - i adjust SL according to condition now both SL not BE yet but previously BE already - adjust according to daily limit of price move if i am right |
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May 26 2016, 05:19 AM
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#9
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May 26 2016, 10:07 PM
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QUOTE(Goodboy92 @ May 26 2016, 09:11 PM) Anyone did the same thing as i did? For me if a trade i'm already in and is positive for at least 4 candles, i won't allow it to become negative and i will move to at least BE. What would you do if you were in the trade? TP at LOW Quit with SL on retrace? Anyone? almost 3week this trade " demo acc " Another thing that i would do is have a trailing SL depending on what method you like. I would trail my SL based on a logical support, in your case, after 2 up bar and moves down, i would trail my SL around the 2nd up bar high Edit: would have exited around 0.754x/0.76 This post has been edited by hehe86: May 26 2016, 10:11 PM |
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May 26 2016, 11:12 PM
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» Click to show Spoiler - click again to hide... « Erm.. perhaps you thinking too much? You have to be clear on why you make the trade in the first place. The why should cover your TP and SL if any. So once the trade is on, your SL/TP is set so you shouldn't be worry to much about it. If your main timeframe is daily, that should be ample of time for you to do any changes and not need to worry so much about it especially if your focus is trend following/swing trading. Is best not to worry too much about why is it a consolidation/double top or any pattern once you decided to make a trade and best to just focus on the very 1st reason you enter then after exit only you do the trade review with a journal be it a loss/profit I see you use volume indicator too? I heard is not that accurate in forex and is broker dependent. Not too sure bout this. Volume do works in equity though Demo is there anytime to gain experience so best is to be have reasons on any entry/exit/sl. Just my 2 cents though |
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Jun 1 2016, 12:41 AM
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QUOTE(normeck @ May 31 2016, 11:57 PM) QUOTE(viruz @ Jun 1 2016, 12:24 AM) H1 already reach 461, so I am expecting retrace from here, maybe to 261? waiting for long it. As D1 chart show price down to 261 and rejected there. Great opportunity. Wanna ask, it was a downtrend, making few lower low (LL) and lower high (LH). Currently not making LL and also not making LH, so does this means most likely it gonna consolidate? And what confirmation would you like to see if i may ask?Inserted my noob view =.=" This post has been edited by hehe86: Jun 1 2016, 12:44 AM Attached thumbnail(s) |
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Jun 1 2016, 04:43 PM
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#13
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Jun 1 2016, 04:58 PM
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#14
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Jun 1 2016, 07:02 PM
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QUOTE(afie98120 @ Jun 1 2016, 06:01 PM) takde cs close bawah line merah > buy CS = candlestick? kalau cs H4 ada shadow panjang maknanya dekat H1 ada cs reject nak yakin lagi bukak TF yang lebih kecil tak yakin lagi? pi bukak indicator yg bagitau hang pasai overbought/oversold cth: yg aku selalu guna stoch saya pun baru lagi kalau salah mohon betulkan demolationz Oh so is a long not a short ya? |
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Jun 1 2016, 09:20 PM
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Jun 4 2016, 05:54 PM
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#17
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Guys, if let say your maximum size is 0.03. So what is your POV for someone who enter 0.01 0.01 0.01 avg up at each different price once it moves to the right position compared to those who enter 0.03 straight?
Which are the better method? |
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Jun 4 2016, 07:50 PM
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#18
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QUOTE(strace @ Jun 4 2016, 06:49 PM) It depends on how your mind is confortable enough for that style of risk taking & trade management, everyone is different. Start journalize your thought process when doing those trades, study your mind. Oh i'm using my full size when entry but seeing others having success also in smaller entry first then enter with full size when is correct.personally full clip size for multiple target exits average up entry for 1 target exit sometimes i start average down when price gets close to a level where it proves the trade idea is wrong but confident enough that it will work I was thinking if your confident with your system already , there's no need to enter smaller size to 'test' first. So if you need to 'test' first, then you're having doubt with your own system too isn't it? Just my thought no right or wrong ya |
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Jun 4 2016, 10:06 PM
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QUOTE(CallOfLegend @ Jun 4 2016, 08:16 PM) I guess it depends on the way you trade. For my own way i won't renter multiple times like that, cause for me i consider my trade as invalid should it hit my SL, hence no use reenter if hit my SL. Oh multiple entry ONLY if is in the right direction. Of course if hit SL then that's it no more avging up. |
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Jun 5 2016, 04:16 PM
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#20
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Guys, just want to confirm something. It is best to avoid to trade before any major news is it? Due to volatile movement, whipsaw, high spread etc
This post has been edited by hehe86: Jun 5 2016, 04:17 PM |
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