there are few things i am really curious about Forex, sometime my curiosity makes me hesitate to lean forex, worried if it is not worth to learn it. I would like to ask you this question because i believe you can give a good advice, if you don’t mind of course, I understand if you mind to answer these question.
my question are:
-do people who trade for life exist?
-do they have a sufficient money to support their family?
-do they really have freedom of time? (some claim they only spend few hours a day on forex and that’s enough)
-what percentage profit per month can be said a good trader? (some said 5-10% profit per month is enough, targeting more leading to risky trading)
-some said if we trade on h4 and daily time frame we only trade 5-10 trades per months and that’s enough, it sound like almost do nothing for the whole month. is this true?
Was looking at your chart on past charts, and it looks like there was a pullback then drifted sideways then had a bull trend for about a week. When I look at a chart I look at the most recent data. I am not a psychic and don’t claim any paranormal powers. Without looking at the fundamentals, it was close on the daily. Could have made some pips on the pull back. Also since it was mostly sideways after the pullback could have went long on the trend. That’s one thing I notice about FX is the moves can happen suddenly, you have sideways movement then you have a bull trend, then a bear trend then sideways movement. It’s up, it’s down, it’s sideways. Trying to catch the moves or bar direction happen quickly, so, confirmation is a good thing!
it is going up. the pinbar low was never break (it was break a bit, but I use buffer so i consider it wasn’t break) but the pinbar high was break. it is not a valid pinbar then.
too bad, I lose this one, the price hit my trigger then go up and never cross my entry level, eventually hit my SL.
not sure what was wrong, maybe:
there is minor support at the entry which the price couldn’t break it even though the PA says very bearish. (but many times i see small PA with minor SR near it, yet it make a good trade)
the trend is about to changing from down to up trend (that’s mean it was counter trend)
There were big news on NZD so it made big moves, what ever your using is not going to work when that happens. Best thing to do is wait until the news is over see whats going on before going in.
hi all
what do you guys think about this?
down trend seems over when price cross trend line, then starting its uptrend. at intersection between daily support n up-trend line the price form a “2bar reversal”
I am new here ([B]but not new at forex[/B]) but I have been following this forum for couple of weeks now… I was suggested to pay attention on this thread as it is promising strategy.
Could you advise me where to start reading and learning this strategy because 2100+ sites is a LOT to read? I will be really grateful for any advise, suggestion, whatsoever.
hi pilot
i am a newbie too, so far I had read school of pipsology and the whole first page of this thread, both of them are good sources. school of pipsology is good for basic knowledge of what is forex and how do you trade, use tools, indicator etc. this thread teach you one of trading method, price action by johnaton fox which is in the first page of this thread.
