During
the past year and a half there were some fantastic patterns, the most
obvious of which is the Japanese yen and the then recently-term pattern
on the US dollar. Trov in this, a lot of traders begins about the reason
for their inability to do trading qualities that lead to the winners
move for weeks or even months, and they get thousands of points as
dividends. This kind of trading is known as a long-term trading
"status". Traders who use short-term trading tend to consider this type
of trading as a big challenge. This is unfortunate, because it is
usually easier to type and the most profitable trading Forex traders
available to individuals. I will clarify this strategy simple rules used
only some of the indicators that you can use to attempt to prosecute
and stick to the strongest and longest patterns in Forex.
1. Choose currencies that traded them. You have to find what are the
currencies that were achieved gains in recent months, and O, which was
landing. Good for use as a measure of the period is about 3 months, and
if this is the same approach for long patterns, such as the 6 months,
this is a very good thing. A simple way to do this is to prepare RSI for
12 month and survey charts currency pairs the 28 largest, and you can
get an idea about any couples you traded during the following week. The
idea is simply "buy up and sell land." This counter-intuitive, but it
works.
2. supposed to have now between a pair to 4 pairs of currencies traded.
You do not have a lot of currency pairs traded at the same time.
3. Set up the charts on the timeframes D1, H4 and H1, M30 and M15 and M5
and M1. You have installed RSI for periods of ten to five and EMA and
SMA periods of ten periods. You are now waiting to enter in the
direction of the pattern when these indicators are lined up in the same
direction as the pattern for all time frames during active market hours.
This means that the RSI above the 50 level for long postures and below
that level for the short status. On moving averages, for the majority of
couples, this will be from 08:00 to 17:00 London time. Currencies were
resolved in North America, you have to stretch this time to 17:00 New
York time. If the Asiotin both currencies, it is possible to also search
for trading during the Tokyo session.
4. Decide what percentage of them will run the risk of your every
trading. Usually it is better to risk less than 1%. Calculate the amount
you will run the risk of him and his department on the rate of the last
twenty days of the husband you are about to do the real trading range.
GDP is the amount that you risk to each point.
5. You may enter circulation in accordance with point No. 3, and stop
points Put one Welding losses over the true scale of the rate away from
the point of entry. Now you have to wait patiently.
6. In the case of trading move contrary to your destination quickly by
about 40 points and shows no signs of abating, exit manually. If this
did not happen, wait a few hours and check again when the end of the day
deliberative. In the event of trading showed a loss at this time and
does not constitute a pattern of positive spark in the desired
direction, then get out of the trading manually.
7. In case the trading in your favor at the end of the day, then your
control and wait until the fall to the point of entry. Ha is not turned
on again within a few hours of access to the point of entry, exit
trading manually.
8. This should continue until that trading up to the level of profit
doubles your stopping point. At this point you move the stop point to
equalize.
9. With trading move more in your favor, move the expectation point
under the support or resistance, according to what is appropriate for
the direction of your trades. In the end, it will be stop you, but in a
good pattern is supposed to achieve trading thousands or at least
hundreds of points of profit.
You can customize this strategy a little in line with Tugeatk. And you,
no matter what you, then you will lose the majority of trades and will
go through long periods where there is no trading, which is considered
boring, or when all trades either be a draw or loss. There will be
moments disturbing and difficult periods. However, it is certain that
you will make a profit in the long run if you followed this kind of
deliberative strategy, because they follow the principles of the
Standing strong for successful trading:
- Reduce the loss-making trades.
- Excuse Winning work of trades.
- Do not run the risk of one in a lot trading.
- Select the size of the positions according to the vagaries of its own,
including trading.
- Trading with style.
- Do not worry about constipation first part of the pattern or the last.
Since the middle part is a safe and profitable enough.
