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Forex Systems
Discussion about trading forex and forex trading systems.
First, longer timeframes will be used to identify the general market directions. Then a shorter timeframe will be used to pinpoint exact entry/exit points for the trade. It works pretty well.
So many robots out there – some are quite useful. You need to understand although that these robots will not think or trade for you. It is just a tool.
There are no rules that fit everyone. Most of the time protective stops should be used. One of the exceptions, for example, would be if you trade really tiny smallest micro lots.
Finally, I found a system that is more than 90% accurate and can be used in both – trending or range-bound conditions. Will be posting more details here.
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Multiple timeframes strategy is the best technique for trading the forex.Time-tested and straightforward.
Pardon my ignorance, but what is this multiple timeframes strategy?
First, longer timeframes will be used to identify the general market directions. Then a shorter timeframe will be used to pinpoint exact entry/exit points for the trade. It works pretty well.
Do robots actually work? If yes, are any good out there?
So many robots out there – some are quite useful. You need to understand although that these robots will not think or trade for you. It is just a tool.
Does anyone have experience trading news?
News can be traded but using fairly advanced techniques. Read the section here about news trading.
Everyone is saying don’t trade without protective stops. Is that a rule?
There are no rules that fit everyone. Most of the time protective stops should be used. One of the exceptions, for example, would be if you trade really tiny smallest micro lots.
Finally, I found a system that is more than 90% accurate and can be used in both – trending or range-bound conditions. Will be posting more details here.
I am a little bit skeptical.
Curious how many of you cover your positions? Any traders out there who always use hedging?
I hedge the majority of my forex trades with futures-options.
That’s a very intelligent approach.
I started trying different spreads to see if consistent profits are possible.
I don’t like options – market can get too thin at the times.
Options-futures liquidity (for the majors) is not an issue most of the time if they priced not too far from the middle.
You are talking about both styles?
American style.
Curious to hear opinions of those trading MXN whether this colossal uptrend is going to resume any time soon?
At this point I don’t see it happening. One of those opportunities.
The comments are closed until further notice.