Hello,
I have been looking for a Forex strategy since a while, and still haven't came across a strategy that proves itself. Until I came across this forum, and I'm hoping to find the help i'm seeking within the members here
Hello,
I have been looking for a Forex strategy since a while, and still haven't came across a strategy that proves itself. Until I came across this forum, and I'm hoping to find the help i'm seeking within the members here
I'm not selling anything or affiliated in any way.
But for Strategy and some very interesting information you might want to check out:
Action Threshold Software (ATS)
Several videos on Youtube that are very informative and discuss their trading strategy and how it works.
If you have been around for awhile or just getting started I don't think you would be too far off taking in this info.
The market can do only 3 things.
1. Move Up
2. Move Down
3. Move Sideways.
So with respect to knowing what to do:
1. Don't open trades when the market is moving sideways
2. Open trades when the market moves out of the sideways pattern. (Either up or down)
3. Keep an eye on your position to make sure it doesn't retrace (Maybe consider a stop loss), and also for when the next sideways pattern
emerges... when that happens... you can either:
1. Wait for the next movement (up or down breakout) and get out,
or
2. Just exit position when you identify the sideways movement.
Simple but not necessarily easy.
Most traders hold onto their trades too long. (Many wind up consistently losing because of this one tendency).
Hello,
I have been looking for a Forex strategy since a while, and still haven't came across a strategy that proves itself. Until I came across this forum, and I'm hoping to find the help i'm seeking within the members here
To be honest, I believe that making your own strategy is the best approach - choose a time frame and a type of strategy that seems to suit you and learn to do your own technical analysis. If you learn to trade manually, it will also be easier to navigate the world of automated trading.
The market can do only 3 things.
1. Move Up
2. Move Down
3. Move Sideways.
So with respect to knowing what to do:
1. Don't open trades when the market is moving sideways
2. Open trades when the market moves out of the sideways pattern. (Either up or down)
3. Keep an eye on your position to make sure it doesn't retrace (Maybe consider a stop loss), and also for when the next sideways pattern
emerges... when that happens... you can either:
1. Wait for the next movement (up or down breakout) and get out,
or
2. Just exit position when you identify the sideways movement.
Simple but not necessarily easy.
Most traders hold onto their trades too long. (Many wind up consistently losing because of this one tendency).