saronian

Re: Price Action, Naked trading only

Price breakout the double top resistance but hit the upper channel line and go downward. it seems the buyers fail to breakout this one. Let's see after the current H4 candle closeout. If "inside bar" was formed it will be strong signal to sell the USD.

U see how the naked trading tell us about market?

Re: Price Action, Naked trading only

The Sellers are trying hard to break out the major support. U see that?

If they did it u might see the GBP will fall to 1.6130.

If they did not then the buyers will win the battle.

Re: Price Action, Naked trading only

U see the power of naked trading?

Re: Price Action, Naked trading only

See the form of the double top resistance there.

If price fail to break this line and the current candle stick close below the previous candle opened price ( engulfing pattern ) then the price might go downward. Otherwise the price will be going up.

What a beautiful naked trading.

Re: Price Action, Naked trading only

Do you see this chart, the pattern.

Can you tell me where the price might go for the next coming week?

What a beautiful naked trading.

Re: Money from Forex?

After you recognised it the trading platform and you can handle it, do not spend much time demo on an account. Not pour because the demo is an account you learn very illusive and bad habits because of his usage. On the one hand protects because of the stress and the psychological challenges what you will experience live, on the other hand the demo accounts a some other kind of price is supplied with data many times what shows the trading to more calculable one. Demo trade in the possible smallest unit instead of an account live, that to real feelings and experiences right.

Don't waste too much time to practice on demo account.

You got nothing other than familiar to the trading platform.

Several years ago,before I trade live, I practiced on demo accounts for almost one year to familiarize platform and try any kind of trading system and indicators. When I thought ready to go live then I realized that trading on demo accounts is totally different with live account eventhough on the same broker. I had new experience at all and starting from zero again.

Re: Simplicity

Back to the basics. Indicators are always lagging.

Price action. S&R, pivot points and fibonacci are all you need to trade.

 

All the besttrading in yr new strategy

Yes I repeat price action (I use candle stick pattern), major and minor S&R and fibonacci.

The rest is your experience.

Re: Scalping...is this a waste of time or can you....

Using robot(s) for scalping is very depend on your broker's behaviour such as spread, slipage, price filter. You know some of proven good scalping robots did'nt work due to their cheat.

Re: How to prevent fatigure or boredom when trading

Trading forex doesn't mean you should always in front of your computer all the night and day or should open trades hourly or daily. If you realize and understand it you might be prevented from fatigue and boring. The key is you must find any proper trading set up then leave it and enjoy the rest of your time.

Re: Price Action, Naked trading only

Yes back to the naked trading since it is simple and can be used to any trading platform.

Open your H4 or D1 Charts, draw S & R manually, wait while watching the most reliable candle stick pattern near S & R line then set your entry point, TP and SL.

Re: Money Management Tips

The second thing related to the money management is your trading system.

If you have very profitable TS that you can 100% believe it and has 100% winning trades then you can put the highest risk as possible to allow max drawdown to avoid margin call.

Re: Money Management Tips

Yes I fully aggree.

Money management is the most important thing in the forex trading.

So be wise to trade your money not more than 5% loss per trade.