Today I decided to add one more tool to what we are doing. As you know to make decision, a quick decision & then confirming with your...
Tuesday, July 31, 2012
Live Forex Trading Learnings !!
I was very -ve (mideset and account balance ) on Monday. Changed the trading stategy
- Candle sticks pattern are most appropriate for D1 time frame rather than H4 time frame.
- Better to trade with very small lot size & once the trend is confirmed increase the lot size – learning.
- Never every trade before the completion on candle, example H4 if trend is confirmed on formation on next candle – must wait for H4 finish and start of next candle.
- Automated Tailing stop is not really good for every case.
Never every wait for completion of full price pattern take the early entry & keep moving the stop loss. As If we wait for complete pattern formation then the stop loss is very high .. If any fake break out's out - we may loose large money ... I was thinking that pattern formation is 100% guaranteed trade .. but it is not the reality :(
EnjoYYYYYYYY & Have Fun ..