My style is based on "commercial equipment Taylor, a short-term method for trading on the intra-day price movements, which is based entirely on chance and interest. This - method is in contrast to the system. Very few people can blindly follow the system, although many people find it easier - to be controlled by systemic approach.
Since the short-swing technique (technique, based on the oscillation) is part of the deal, it is important to know the rules of the game, to take profits and look for "true trend." Losses are taken, just to take a better shot. Trade is strictly for the future of the result, rather than assuming that the market can do.
Know the rules of the game means knowing when to buy or sell, or hold out. Transactions are based on "objectively" that are simply maximums or minimums the previous day. Movement between these two points determines the "true trend."
When you sell to the vibrations, manage their expectations. The lower your expectations, the happier you are, and that surprisingly, the more money you probably can do it! Entrance to the market - this is part of the pie, but you must also trust yourself to get out of bad deals. It is important to use a similar stop-order in the fluctuations in trade and wider stop orders when trading on the trend.
This method teaches you to expect! Do not react! Know what you are going to do before the market opens. Always keep the plan - but be flexible! Consider your stop-order (support or resistance) before the opening position. Know how to sell under unfavorable developments in and out of loss-making deals with the least loss.
And finally, never traded in the narrow, dead markets. These variations are too small. Do not pursue the market. Rather than worry that you missed the traffic, think instead of this - "Well, I will move in the opposite direction."
Basic rules of swing-trading
Because of the short-term nature of this technique, swing traders must adhere to some basic rules, including:
If the market moves in your favor, move the position of the next day. Planning to enter the next day near the objective levels. Night GEO represents an excellent opportunity to take profits. Focusing on only one entrance to the market or a single outlet per day reduces the psychological pressure.
If your entry is correct, the market should move in your direction almost immediately. He could return to testing and beyond your point of entry for the little that is normal.
Do not move a losing position for the next day. Go out and play the next day in a better position.
The strong closure points to a strong opening the following day.
If the market does not go according to expectations - get off at the first setback.
If the market offers you more profit, take it.
If you are in a long position, and the market rose Flat, pointing to a lower opening on the next day to leave the position. Play the next day with a better attitude.
Use a close stop-order and when trading on the movement (more stop orders when trading on the trend).
The aim always is to minimize risk and make money.
When in doubt - get out! You have lost your compass and your game plan!
Wait!
Trading on the oscillation
When enter the market? The following may be indicators of the purchase or sale of the day:
Counting
Begin the search for day of purchase after 2 days after fluctuations up or, conversely, the day of the sale 2 days later, after the vibrations down. Ideally, if the market will move in the full 5-day cycle. (In a strong trend the market will move 4 days in the main line, and only 1 day of correction. Thus, the need to seek entry to 1 day before.)
"Birdy" for testing
The potential entry point is chosen in front of the closing of the previous day. If, when considering a purchase (sale), you would like to market first "tested" a minimum (maximum) of the previous day, preferably at the beginning of the day, and then formed a trading model that resembles "bird" (see examples).
This model establishes a "double point of the stop" or strong support. When you log on to the market with only a single point of stopping, or support, formed only the minimum today, go out the same day - trading is clearly against the trend.
Close to the opening
Closing shall indicate the opening of the next day. When the market opens do not work as expected or indicated by trend, you may first wait for change - but you should quickly take the profit. Then see the spread!
Support (resistance)
Look at where the current support (resistance), higher or lower than yesterday.
Measurement of fluctuations
Where is the market on the past variations up or down? Look for variations (up or down) of equal length, and to restore to the same percentage.
Additional considerations
Regardless of the time format, always look for resistance at the top and support at the base. The intersection must be accompanied by volume and increased activity.
The following conditions are sufficiently reliable to start an ascending or descending trend.
- The narrow range over the past 7 days
- 3 consecutive days with a small range
- Point of the wedge
- GEO
- Improving the ADX (14 periods) above 32
Practice
Since the acquisition of confidence in any technique requires that it consistently applied in the trade, trade in education accounts can help to acquire the confidence needed to recognize that technology and trade on repetitive patterns. While there is always a temptation to try many different styles and techniques, you should strive to, ultimately, to sell only one consistent manner - or at least combine the methods in your own unique philosophy.
Characteristics of
Some times when trading on short-term fluctuations deserve attention. Understanding the nature of short-term systems can help you understand the psychological aspect of trading.
When consistently sleduesh short-term system, you should expect a very high ratio of gains / losses. While the goal of this style of trading on the movement seems to be conservative, you will almost always experience a "positive movement".
In all systems, distorted by the victors. Even when they receive stable profit, 3-4 really big deals could actually identify the month. It is important to always "fix" your profit. Do not give profits back with the short sale.
Action
I think it is very important to discuss this topic. Every time you go to trade, you decide. The more decisions you will take, the more you increase your self-esteem.
You grow with every decision, because every decision has a price - you have to give up the choice, or you must make a choice. Conditions are always imperfect! You must allow yourself to fail.
There is so much instant information available today to all market players. It would be good to use intuition and to listen to that little voice in your subconscious "whether trade right?" If in doubt - get out!
Golden Rules
Finally, the two Golden Rules, applicable to all traders, but especially important in the short-term fluctuations in the trade:
- Never average losses! Closed, if you think wrong. Opens again when you're sure right.
- Do not listen to someone's opinion! Only you know when your transaction is not working.
Since the short-swing technique (technique, based on the oscillation) is part of the deal, it is important to know the rules of the game, to take profits and look for "true trend." Losses are taken, just to take a better shot. Trade is strictly for the future of the result, rather than assuming that the market can do.
Know the rules of the game means knowing when to buy or sell, or hold out. Transactions are based on "objectively" that are simply maximums or minimums the previous day. Movement between these two points determines the "true trend."
When you sell to the vibrations, manage their expectations. The lower your expectations, the happier you are, and that surprisingly, the more money you probably can do it! Entrance to the market - this is part of the pie, but you must also trust yourself to get out of bad deals. It is important to use a similar stop-order in the fluctuations in trade and wider stop orders when trading on the trend.
This method teaches you to expect! Do not react! Know what you are going to do before the market opens. Always keep the plan - but be flexible! Consider your stop-order (support or resistance) before the opening position. Know how to sell under unfavorable developments in and out of loss-making deals with the least loss.
And finally, never traded in the narrow, dead markets. These variations are too small. Do not pursue the market. Rather than worry that you missed the traffic, think instead of this - "Well, I will move in the opposite direction."
Basic rules of swing-trading
Because of the short-term nature of this technique, swing traders must adhere to some basic rules, including:
If the market moves in your favor, move the position of the next day. Planning to enter the next day near the objective levels. Night GEO represents an excellent opportunity to take profits. Focusing on only one entrance to the market or a single outlet per day reduces the psychological pressure.
If your entry is correct, the market should move in your direction almost immediately. He could return to testing and beyond your point of entry for the little that is normal.
Do not move a losing position for the next day. Go out and play the next day in a better position.
The strong closure points to a strong opening the following day.
If the market does not go according to expectations - get off at the first setback.
If the market offers you more profit, take it.
If you are in a long position, and the market rose Flat, pointing to a lower opening on the next day to leave the position. Play the next day with a better attitude.
Use a close stop-order and when trading on the movement (more stop orders when trading on the trend).
The aim always is to minimize risk and make money.
When in doubt - get out! You have lost your compass and your game plan!
Wait!
Trading on the oscillation
When enter the market? The following may be indicators of the purchase or sale of the day:
Counting
Begin the search for day of purchase after 2 days after fluctuations up or, conversely, the day of the sale 2 days later, after the vibrations down. Ideally, if the market will move in the full 5-day cycle. (In a strong trend the market will move 4 days in the main line, and only 1 day of correction. Thus, the need to seek entry to 1 day before.)
"Birdy" for testing
The potential entry point is chosen in front of the closing of the previous day. If, when considering a purchase (sale), you would like to market first "tested" a minimum (maximum) of the previous day, preferably at the beginning of the day, and then formed a trading model that resembles "bird" (see examples).
This model establishes a "double point of the stop" or strong support. When you log on to the market with only a single point of stopping, or support, formed only the minimum today, go out the same day - trading is clearly against the trend.Close to the opening
Closing shall indicate the opening of the next day. When the market opens do not work as expected or indicated by trend, you may first wait for change - but you should quickly take the profit. Then see the spread!
Support (resistance)
Look at where the current support (resistance), higher or lower than yesterday.
Measurement of fluctuations
Where is the market on the past variations up or down? Look for variations (up or down) of equal length, and to restore to the same percentage.
Additional considerations
Regardless of the time format, always look for resistance at the top and support at the base. The intersection must be accompanied by volume and increased activity.
The following conditions are sufficiently reliable to start an ascending or descending trend.
- The narrow range over the past 7 days
- 3 consecutive days with a small range
- Point of the wedge
- GEO
- Improving the ADX (14 periods) above 32
Practice
Since the acquisition of confidence in any technique requires that it consistently applied in the trade, trade in education accounts can help to acquire the confidence needed to recognize that technology and trade on repetitive patterns. While there is always a temptation to try many different styles and techniques, you should strive to, ultimately, to sell only one consistent manner - or at least combine the methods in your own unique philosophy.
Characteristics of
Some times when trading on short-term fluctuations deserve attention. Understanding the nature of short-term systems can help you understand the psychological aspect of trading.
When consistently sleduesh short-term system, you should expect a very high ratio of gains / losses. While the goal of this style of trading on the movement seems to be conservative, you will almost always experience a "positive movement".
In all systems, distorted by the victors. Even when they receive stable profit, 3-4 really big deals could actually identify the month. It is important to always "fix" your profit. Do not give profits back with the short sale.
Action
I think it is very important to discuss this topic. Every time you go to trade, you decide. The more decisions you will take, the more you increase your self-esteem.
You grow with every decision, because every decision has a price - you have to give up the choice, or you must make a choice. Conditions are always imperfect! You must allow yourself to fail.
There is so much instant information available today to all market players. It would be good to use intuition and to listen to that little voice in your subconscious "whether trade right?" If in doubt - get out!
Golden Rules
Finally, the two Golden Rules, applicable to all traders, but especially important in the short-term fluctuations in the trade:
- Never average losses! Closed, if you think wrong. Opens again when you're sure right.
- Do not listen to someone's opinion! Only you know when your transaction is not working.
Forex Magazine
based on lbrgroup.com
based on lbrgroup.com
No comments:
Post a Comment