Tag: strategy

This is how I traded the EURUSD and got 140+ pips (complete strategy)

It all comes to the reasons why to take your trades…

It needs to be a sound reason, you need to have a methodology so you can determine what risks to take and which ones to avoid…

You cant take a trade because:

  • You simply thought the market was going up
  • You followed some one else’s advice
  • You got influenced by a market analyst
  • You saw the oil price moving up, etc

The idea is to get in a trade when the odds are on your favor, when the likelihood of the market of moving in one direction over the other is greater, when you’ve got a either, a very good profit potential or a good accuracy factor…

You see what I’m getting at?

So here is the reason why I decided to trade the EURUSD…

breakout, EURUSD, strategy

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Misconceptions in Forex

Taking partial profits: The worst strategy ever

Hey traders,

There are plenty of strategies out there in the internet, some of them are good, and some others have negative results on our results.

There are even some strategies that are good for some traders, and bad for others.

That’s how trading is.

Today I want to talk about one strategy in particular: Partial profits.

Have you used it? At one point I did use it, until I realize it was hurting my trading results.

So here it goes.

partial profits, strategy

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very-important

The most important article you will ever read about trading (plus GBPAUD signal update)

Last week I told you I was going to share my strategy with you, and started with a few aspects that are important to understand before going through the main strategy

What I’m going to share with you today is probably the most important aspect of trading… Ironically, it has nothing to do with your entry, but get this right, and you’ll be on your way to consistent results.

The most important aspect of trading

Every week I get at least this question once:

What do you think is the most important aspect of trading?

And my answer has always been the same:

GBPAUD, strategy

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forex analysis

I’ll share my strategy with you

Hey trader, did you trade the Non-farm Payrolls report?

Its been a while since the last time I saw the NFP report having a large impact in the market. Could it be that the market conditions are different now?

For instance, most traders think this report (NFP) is the most important one, but in the last couple of years, I have noticed the FOMC statement has had the most impact of all fundamentals, including the NFP report…

Do you agree with me?

Or have you noticed something different?

Anyway… Please share your thoughts in the comment section!

Now, on to my strategy…

I’ll share my strategy with you

Look, I’ve been sharing my analysis with you for quite a long time now, and I’ve been doing it because I wanted to help you make better trading decisions.

forex, markets, strategy, trading strategy

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Our Trading Strategy

I’ve got many questions about our analysis and how it can help you take better trading decisions.

Ok, we first analyze the long term charts and decide which way to trade, the possible scenarios are: Long mode, Short mode, Not-tradable.

If we are in a not-tradable mode, then we forget about that chart for the rest of the day, if we are in Long mode, then we look for long opportunities in the short term charts (15M or 30M). The same goes for Short mode, we look for short opportunities in the short term charts, and we ignore all long signals.

All our entries are based on price action, the market itself shows us which way to trade. We use no indicators.

Why is it that we don’t use indicators for our entries?

Because indicators lag, they tell us how the market behaved in the past N-periods, it has nothing to do with the market future direction.

Ok, hope this helps.

Cheers,

RL

strategy, system