During
the past year and a half there has been some remarkable patterns, the most
obvious of which is the Japanese yen and the then recently-term pattern on the
US dollar. In this Circumstances, a lot of traders begins about the reason for
their inability to do trading qualities that lead to move the winners for weeks
or even months, and they get thousands of points as dividends. This kind of
trading is known as a long-term trading "status." Traders who use
short-term trading tend to consider this type of trading as a big challenge.
This is unfortunate, because it is usually the kind easiest and most profitable
trading Available for Forex traders from individuals. I will clarify this
strategy simple rules only used some of the indicators that you can use to
attempt to prosecute and uphold the strongest and longest patterns in Forex.
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Do not worry about constipation first part of the pattern or the last. Since
the middle part is a safe and profitable enough.
1.
Choose currencies that traded them. You have to find what are the currencies
that were achieved gains in recent months, and O, which was landing. Good
period for use as a gauge is about 3 months, and if this is the same approach
for long patterns, such as the 6 months, it is a very good thing. A simple way
to do this is to prepare RSI for the 12-month period and scan the charts of
currency pairs the 28 largest, and you can get an idea about any pairs you
traded except for the following week. The idea is simply "buy what rises
and the sale of land." This counter-intuitive, but it works.
2.
supposed to have now between the pair to four pairs of currencies traded. You
do not have a lot of currency pairs traded at the same time.
3.
Set up the charts on the timeframes D1, H4 and H1, M30 and M15 and M5 and M1.
Have installed RSI for ten periods and EMA for five periods and SMA for the ten
periods. You are now waiting to enter in the direction of the pattern when
these indicators are lined in the same direction as the pattern for all time
frames during active market hours. This means that the RSI above the 50 level
for long postures and below that level for the status of the short. On moving
averages, for the majority of couples, this will be from 08:00 to 17:00 London
time. Currencies in the solution were from North America, you have to stretch
this time to 17:00 New York time. In the event was both currencies Asiotin, it
is also possible to search for trading during the Tokyo session.
4.
Decide what percentage of them will run the risk of your every trading. It's
usually better to risk less than 1%. Calculate the amount you will run the risk
of him and his department on the rate of the last twenty days of the husband
you are about to do the real trading range. GDP is the amount that you risk to
each point.
5.
You may enter circulation in accordance with point No. 3, and put points one
stop Welding losses over the true scale of the rate away from the point of
entry. Now you have to wait patiently.
6.
In the case of trading a move contrary to your destination faster by about 40
points and shows no signs of abating, exit manually. If this is not happening,
wait a few hours and check again at the end of the day deliberative. In the
event of trading showed a loss at this time and does not constitute a pattern
of positive spark in the desired direction, then get out of the trading
manually.
7.
In case the trading in your favor at the end of the day, then your observation
and wait until the fall to the point of entry. In pw never worn again in a few
hours to reach the point of entry, exit from trading manually.
8.
This should continue until that trading up to a level of profit doubles your
stopping point. At this point, move the stop point to equalize.
9.
With a trading move more in your favor, move the expectation point under the
support or resistance depending on what is appropriate for the direction of
your trades. In the end, you will not stop you, but in a good pattern is
supposed to bring thousands of trading or at least hundreds of points of the
profits.
You
can customize this strategy a bit in line with Line Circus. And you, no matter
what you are, then you will lose the majority of trades and will go through
long periods where there is no trading, which is considered boring, or when all
trades either a loss or a draw to be. There will be moments disturbing and
difficult periods. However, it is certain that you will make a profit in the
long run if you follow this kind of deliberative strategy, because they follow
the principles of the Standing strong for successful trading:
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Reduce the loss-making trades.
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Excuse Winning work of trades.
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Do not run the risk of a lot in a single trading.
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Select the size of positions according to the vagaries of the special including
trading him.
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Trading with style.
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