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Showing posts from December, 2010

Squeeze Trend Trade

It is simple methode and profitable. only take the signals that system gives you it can work on all currency pairs. what we have here : 1 - bbsqueeze indicator 2 - 8 Ema Moving average ( yellow ) 3 - 21 Ema Moving average ( white ) Long Entry: 8 Ema should cross up the 21 Ema BB Squeeze should be Fire (the middle dots have to be Green not blue) BB Squeeze Momentum should be ON to the up side ( light blue ) TTM indicator should be Blue and at the same time price retrace on 8 Ema when price retrace on 8 Ema we should click to BUY while candle is steel open. Short Entry: 8 Ema should cross down the 21 Ema BB Squeeze should be Fire (the middle dots have to be Green not blue) BB Squeeze Momentum should be ON to the down side ( light Red ) TTM indicator should be Red and at the same time price retrace on 8 Ema when price retrace on 8 Ema we should click to SELL while candle is steel open.   www.forexfactory.com

What Makes a Good Trading Strategy?

  Ask most NEW traders, and they will tell you about some moving average or combination of indicators or a chart pattern that they use. This is, as the more experienced trader knows, an entry point and not a strategy. Any trader who is more experienced will say a strategy should also include money management, risk control, perhaps stop losses and of course, an exit point. They might also say that you must let your profits run and cut your losses short. A well-read trader will also tell you that your strategy should fit with your trading personality. BUT there is one other vital ingredient that many traders forget - and that is to fully understand the "personality" of what you trade. Some traders specialise in say, gold or Brent crude or currencies or they might specialise in a particular index such as the FTSE 100 or the Dow but many traders choose to trade shares. Indeed some traders dabble in a bit of everything. I think this is the area that causes many traders to fail o

10% Of Traders Go Bankrupt

  I was thinking about an article I read some time ago that 90% of traders who ever trade lose their account and that 10% actually go bankrupt. If the first number doesn't scare you then the second definitely should. Why is it then that there is such a large number of traders failing? It is not because they are stupid; in fact most traders have an above average IQ and are above average in most categories such as education and income. So why do they fail? Lack of trading education! By education I don't just mean learning how RSI works or drawing lines on a chart. I mean thoroughly educating yourself in all aspects of your chosen profession. Educating yourself on the correct psychological approach to the market! Educating yourself in the correct risk management techniques relative to your account size. Educating yourself in the correct entry and exit methods for the trading style that suits you. This, my friend, is where I hope to be of some help. I don't have all the

There is no best system

Another principle for you: There is no best system, any more than there is a best car. There might, however, be a best car for you.  I suggest you forego trying to find a best, or even "reasonable" system until you come to terms with how you like to trade.  Start your system design by looking within yourself: 1. define what kind of trading performance you want 2. determine how much time and energy you are willing to invest 3. realize that psychological tendencies may interfere with executing signals 4. spend some time looking over lots of charts to see the kinds of things to expect 5. look at the daily performance graph of the system to see if you can stand the ride. By: Ed Seykota How to Make a Living Trading Foreign Exchange: A Guaranteed Income for Life (Wiley Trading)