DislikedI never heard about a strategy like that, sounds interesting. I guess the time you take off you’ll still practice with you demo. Stop practicing is mortal for a traderIgnored
Grabbing the bull by the horns!
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DislikedI never heard about a strategy like that, sounds interesting. I guess the time you take off you’ll still practice with you demo. Stop practicing is mortal for a traderIgnored
Dislikedim in the exact same situation, aussie , 20 and at uni.... im reading every book i can get my hand on, not necessarily forex related, forward testing everyday and just saving up some cash.... im gonna start with 5grand and leave 5 grand on the side, but if i drawdown to 4grand on the intial 5 grand im gonna stop for another 3 months.... so everytime i drawdown a grand or (20%) ill take 3 months off to refineIgnored
DislikedWOW that sounds very strange, I've been on the FX world for a couple of months already and encountered myself with some strategies but yours is totally different. To be completely honest I'm not so sure to completely understand it lolIgnored
Dislikedhey hey hey!...i would like to discuss a little bit about the use of time frames.
My strategy so far it's builded up over a 5 min time frame, because, my analysis would tell me that it is easier to understand the market in shorter time frames, but reading a little bit, i found an article written by a ¨so called¨ rookie, saying that short timeframes are more risky than a 4H time frame, due to the possibility to analyze the ¨whole picture¨.Ignored
Dislikedi think it's been said before but from my limited experiences so far it feels easy to ride the trend using an hour timeframe. in 5 minutes the market will fluctuate so much it doesn't seem very reliable, within an hour the picture as a whole will be a little more visible. sure you might lose a few pips if the peak was hit earlier but as long as it's a profit right? Ah~ forex you intricate little thing...
also DevanKoshal, thanks for the link, that you blog? seems well organized.Ignored