Archive for the ‘max's forex trading’ Category

« Older Entries

Forex Uptrend

November 12th, 2009 by admin | No Comments | Filed in max's forex trading

If you determine the trend, then follow it. Market trends come in a variety of terms – long-term, intermediate-term and short-term. The first thing you have to determine is what type of a trader are you, long term or day trader, that decision will determine which charts you should be using. For instance, if you’re day trading, use the daily and intra-day charts, but always use the longer-range chart to determine the trend, and then use the shorter-term chart for timing. Make sure you trade in the direction of that trend and then buy on dips if the trend is up and sell on rallies if the trend is down.

uptrend


Tags:

Forex Divergence Trading

November 7th, 2009 by admin | No Comments | Filed in forex trading strategy, forex trading tips and techniques, max's forex trading

The best thing about divergences is that since you’re usually buying near the bottom or selling near the top, your risk on your trades are very small relative to your potential reward

Divergence is basically price action measured in relationship to an oscillator indicator. It doesn’t really matter what type of oscillator you use. You can use RSI, Stochastic or MACD.

Just think “higher highs” and “lower lows”. (more…)


Tags:

Forex money management

November 1st, 2009 by admin | No Comments | Filed in forex basic knowledge, max's forex trading

Simply put let’s say your strategy promises a gain of $2 for every $1 risked. Let’ say out of four trades 3 usually ends up losing $1 and the 4th earns $8 (this is a simplification to explain a concept as in reality it would be more complex than this). So in four trades you risk $1 in each ($4 total) and in the end you have $8. At first glance one might say if we risk 25% of equity in each trade we’ll end up with 200% equity after 4 trades right? Unfortunately its not as simple as that. After the 3 losses we’re not sure the next is a gain, that would be falling for the gambler’s fallacy.
(more…)


Tags:

The Golden Forex Trading Rules

November 1st, 2009 by admin | No Comments | Filed in forex basic knowledge, forex trading tips and techniques, max's forex trading

1. The Trend is your friend.
2. In up-trends, buy the dips; in downtrends, sell bounces.
3. Let profits run, cut losses short. Always use protective stops to limit losses and move them only to reduce potential losses or protect newly achieved profits.
4. Set up your plan before entering the market; don´t trade impulsively.
5. Employ at least a 3 to 1 reward-to-risk ratio.
6. When pyramiding, follow these guidelines: (more…)


Tags:

MT4 tips – add price to fibonacci level

October 31st, 2009 by admin | No Comments | Filed in forex trading tips and techniques, max's forex trading, mt4 technique

All you have to do to get this feature is add “%$”, in the Fibo level settings. In the description field. Fore example “50 %$”. Done.
Description
0.0 – %$ 38.2 – %$ 50.0 – %$ 61.8 – %$ 100.0 – %$ 138.2 – %$ 161.8 – %$ 261.8 – %$

The two Fibonacci percentage retracement levels considered the most important in trading are 38.2% and 62.8%. Other important retracement percentages include 75%, 50%, and 33%.
add_price_to_fibo


Tags:

« Older Entries

Powered by Yahoo! Answers