Apa shj ttg forex... anything about forex

Who is online?
In total there is 1 user online :: 0 Registered, 0 Hidden and 1 Guest

None

[ View the whole list ]


Most users ever online was 40 on Sun Oct 27, 2013 11:32 pm
Top posters
Aqila (98)
 
asiaforexmentor (36)
 
sirz01 (21)
 
KajolThappar (14)
 
Admin (12)
 
tavaNordFX (8)
 
ExpertGC (7)
 
Matija Scalres (5)
 
sandysr (4)
 
taie forex (3)
 

July 2017
MonTueWedThuFriSatSun
     12
3456789
10111213141516
17181920212223
24252627282930
31      

Calendar Calendar


You are not connected. Please login or register

Professional Forex Trading Strategies.

View previous topic View next topic Go down  Message [Page 1 of 1]

1 Professional Forex Trading Strategies. on Wed Dec 07, 2011 7:22 pm

Foex , Professional Forex trading strategies




In this Foex pair: Usd Jpy
There is a price action foex price action pin bar + bullish outside bar on the 4hr time frame (right chart in the picture).
Indicating an upwards movement.
Most new foex traders would have entered on it right away – placing a buy order.
But there’s a problem that these new traders do not realise and because of this. They would have gotten losses most of the time.
Foex , Professional Forex trading strategies

If you look at the 1hr time frame (left chart in the picture)
You would have seen a orange line right above the current price movement.
That’s the 150 moving average.
Meaning, the 150 moving average is possibly blocking its upwards movement.
Well, of course it may actually protrude right up to go pass the moving average.
But we do NOT want to take the chance. Right?
What if it hits the 150 moving average and gets rejected to go back right down?
Then we would have made a loss.
Foex , Professional Forex trading strategies

You see.. This is the exact reason why most foex traders lose in their trades.
They FAIL TO LOOK AT MULTIPLE TIMEFRAMES!
That is a deadly error.
What i am showing you here is only the 1hr and 4hr time frames. I have not shown you the other bigger time frames which would have support/resistance as well.
Most traders enter on a trade which looks good at 1 timeframe.
But they fail to realise that there are blockages (support or resistance) at the other timeframes – opposing the move.
Which would be the reason why the trade did not work out.
And after a series of such trades. They decided that foex is a scam and no matter how they trade, they still lose.
BECAUSE THEY FAIL TO LOOK AT THE BIG PICTURE!
Foex , Professional Forex trading strategies

By Correcting this foex mistake ALONE, you will see an increase in profits and winning trades.
Ezekiel Chew FROM www.asiaforexmentor.com

View user profile

View previous topic View next topic Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum