Trade the trend
The good idea that turned bad. Many traders understand this as «follow the trend». They try to develop and implement trend-following systems. This is absolutely wrong interpretation. Never try to follow the trend. Join the trend on corrections ends. Carefully try to trade against the trend on corrections from the strong level. As a result you will always open the positions against the current move. As a reward you will always be in profit even in flat market.
http://www.systemforecast.com/i/shadowimg.gifUse tight stops
This works for pipsing only. Make a spectral picture of the market. You will see that any stop less then 50 pips generally has no chances to survive due to «market noise».
http://www.systemforecast.com/i/shadowimg.gifThere are many successful traders
Most people are loosing money at the moment.
http://www.systemforecast.com/i/shadowimg.gifThere are many analytical articles, forex related books, trading lessons to make your trading profitable.
Unfortunately most of these books and lessons were created by losers that have lost all the money trading. And now they earn money selling lessons and books to you. Most of the readers do not know that Bill Williams and Elder lost money on the market. They are losers in long term. Yes sometimes they made money but it happened on a STRONG trend that continues long when all you need is to join the trend. The markets change always, especially the currency markets. It is impossible to trade the «Turtles»-like system on forex.
It is very good that forecasting companies offer fx-dealing — the complete trading solution for the investor!
The same is the cheap forex forecast is about. The dealer makes around 5 pips per profitable 1 lot trade the client makes. If you can make a good trading advice, is such 5 pips profit worth the trouble of the huge administrative work the dealing center needs?
http://www.systemforecast.com/i/shadowimg.gifBanks publish very accurate market analysis
Banks and other operators are your enemies. Your loss is their income. An example of their game: (provided by an associate, we do not guarantee the correctness). They set the high and low of a currency pair during initial market hrs — During the Japanese trading hrs. Then they trade with in the range during the session for the people to build position and they do not give much chance to exit either way. Then they spread the swing before the European session and by 07:00 — 08:00 GMT before the start of the European session they either severely correct or rise against their intention.
Say, drop euro and GBP about 50 pips in 10 min and then trigger the stops before the rise of 100—150 pips. Then they immediately drop from the high 25—50 pips and consolidate. The rise at every 1/2 hr will look promising and what they do is buy 1 part of the pair as market order and sell 2 parts with specific lower level value to see that what they have bought at lower level are off — loaded to the maximum and then they build short by triggering the market every time with short position as market order and then buy at a drop of 25 pips.
Once they come out of their long stay away from market to correct by itself. They only again initiate lower level sell to bring in panic. Once about 100-pip drop is reached they again buy against their short and the market and will appear as if it is going to have intra-day trend reversal. But this time they rise about 25—50 pips quickly and sell again by the time we realize that the drop continues. Once 150 pips correction is over every one will think based on past experience and buy. But they buy and consolidate the market. But they suddenly drop another 25—50 pips to trigger all stops of those who have gone long at the lower level and take the market up quickly about 100 pips from the bottom of 175—200 pips. Then they consolidate and take up further or drop again. This happens during US trading hrs. Similarly Severe correction or rise they do during the start of US session around 13:00 — 14:00 Hrs GMT.
The good idea that turned bad. Many traders understand this as «follow the trend». They try to develop and implement trend-following systems. This is absolutely wrong interpretation. Never try to follow the trend. Join the trend on corrections ends. Carefully try to trade against the trend on corrections from the strong level. As a result you will always open the positions against the current move. As a reward you will always be in profit even in flat market.
http://www.systemforecast.com/i/shadowimg.gifUse tight stops
This works for pipsing only. Make a spectral picture of the market. You will see that any stop less then 50 pips generally has no chances to survive due to «market noise».
http://www.systemforecast.com/i/shadowimg.gifThere are many successful traders
Most people are loosing money at the moment.
http://www.systemforecast.com/i/shadowimg.gifThere are many analytical articles, forex related books, trading lessons to make your trading profitable.
Unfortunately most of these books and lessons were created by losers that have lost all the money trading. And now they earn money selling lessons and books to you. Most of the readers do not know that Bill Williams and Elder lost money on the market. They are losers in long term. Yes sometimes they made money but it happened on a STRONG trend that continues long when all you need is to join the trend. The markets change always, especially the currency markets. It is impossible to trade the «Turtles»-like system on forex.
It is very good that forecasting companies offer fx-dealing — the complete trading solution for the investor!
The same is the cheap forex forecast is about. The dealer makes around 5 pips per profitable 1 lot trade the client makes. If you can make a good trading advice, is such 5 pips profit worth the trouble of the huge administrative work the dealing center needs?
http://www.systemforecast.com/i/shadowimg.gifBanks publish very accurate market analysis
Banks and other operators are your enemies. Your loss is their income. An example of their game: (provided by an associate, we do not guarantee the correctness). They set the high and low of a currency pair during initial market hrs — During the Japanese trading hrs. Then they trade with in the range during the session for the people to build position and they do not give much chance to exit either way. Then they spread the swing before the European session and by 07:00 — 08:00 GMT before the start of the European session they either severely correct or rise against their intention.
Say, drop euro and GBP about 50 pips in 10 min and then trigger the stops before the rise of 100—150 pips. Then they immediately drop from the high 25—50 pips and consolidate. The rise at every 1/2 hr will look promising and what they do is buy 1 part of the pair as market order and sell 2 parts with specific lower level value to see that what they have bought at lower level are off — loaded to the maximum and then they build short by triggering the market every time with short position as market order and then buy at a drop of 25 pips.
Once they come out of their long stay away from market to correct by itself. They only again initiate lower level sell to bring in panic. Once about 100-pip drop is reached they again buy against their short and the market and will appear as if it is going to have intra-day trend reversal. But this time they rise about 25—50 pips quickly and sell again by the time we realize that the drop continues. Once 150 pips correction is over every one will think based on past experience and buy. But they buy and consolidate the market. But they suddenly drop another 25—50 pips to trigger all stops of those who have gone long at the lower level and take the market up quickly about 100 pips from the bottom of 175—200 pips. Then they consolidate and take up further or drop again. This happens during US trading hrs. Similarly Severe correction or rise they do during the start of US session around 13:00 — 14:00 Hrs GMT.