Something that i have been for years in forex trading.
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Member since: 16/03/2011
Forex trading strategies:SOMETHING THAT I HAVE BEEN FOR YEARS IN FOREX TRADING.
[IMG]http://www.asiaforexmentor.com/webpages/gbpusd1.gif[/IMG]
I would like to share with you guys a “secret” which is not. =)
By just entering on the arrows shown, we have no surprise on where to enter and where to take profit.
If we miss to enter at the peak on the 2nd arrow, we would also have entered on the price action bar: pin bar
These are knowledge to let you know that price is heading down – to: our low of the consolidated box
This is something i have been doing all these years, these are my daily incomes. And they are GOOD incomes!
Ezekiel Chew
[URL="http://www.asiaforexmentor.com"]Asia #1 Forex Mentor[/URL]
A complete professional forex trading system that even newbies can apply instantly. Asia Forex Mentor's forex course is now FREE!
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hmm... I understand the image. But not the "secret"
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Member since: 21/04/2011
Pin bar PA strategies look simple. But they require far more knowledge than just looking for "tail" of pin bars. Usually tail is considered to be reversal but it is not the case always.
Stick to your rules
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Member since: 22/04/2011
Originally posted by asiaforexmentor
Forex trading strategies:SOMETHING THAT I HAVE BEEN FOR YEARS IN FOREX TRADING.
[IMG]http://www.asiaforexmentor.com/webpages/gbpusd1.gif[/IMG]
I would like to share with you guys a “secret” which is not. =)
By just entering on the arrows shown, we have no surprise on where to enter and where to take profit.
If we miss to enter at the peak on the 2nd arrow, we would also have entered on the price action bar: pin bar
These are knowledge to let you know that price is heading down – to: our low of the consolidated box
This is something i have been doing all these years, these are my daily incomes. And they are GOOD incomes!
Ezekiel Chew
[URL="http://www.asiaforexmentor.com"]Asia #1 Forex Mentor[/URL]
One of very common strategies. It looks like PA is really simple when we look at these strategies but when we start applying these strategies on our real account, it becomes difficult for us.
The good or ill of a man lies within his own will. – Epictetus
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Pin bar reversal strategies r very powerful. Usually people also take help from overbought and oversold indicators which is sometimes not benificial. Similarly there r different point of views about when to enter and exit trade.
First u will have to wait for a perfect tail then u will have to make sure market doesnt go against it so SL is also necessary. If u keep waiting for next reversal trade or market comeback, u might loose many pips.
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Member since: 21/04/2011
Originally posted by ChampPin bar reversal strategies r very powerful. Usually people also take help from overbought and oversold indicators which is sometimes not benificial. Similarly there r different point of views about when to enter and exit trade.
First u will have to wait for a perfect tail then u will have to make sure market doesnt go against it so SL is also necessary. If u keep waiting for next reversal trade or market comeback, u might loose many pips.
I do not agree on this point. This kidn of behvaior will be very aggressive which might cause loss.
If we enter very first reversal by assuming that it is a perfect pin bar then we will most probably be caught up in a fake trend. It is not possible to point out exact or anywhere near to exact reversal. It is better to wait and to analyze market before entering a trade.
Stick to your rules
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Member since: 27/02/2013
Thanks guys, I got very useful information with your discussion. So I want to take benefit from Forex Trading. Actually, I am fresh trader, I often get the vibes that automated software are good money making machine. I came across http://www.forexbenz.com/ is it any good? Please advice.
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using signal software we will get an idea about when to sell and when to buy. try trade with Forex Expert Advisor tips.
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