One Experienced Trader's Trading Style

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  • Sep 1, 2017 at 1:11 pm #569
    lovemyprofits
    Guest
    • 552

    Trading Style

    I pay close attention to price action around the day’s high and low, yesterday’s high and low, tops and bottoms of trend channels (all time periods) for hints of future direction. When it feels right I do the trade.

    I expect to be right immediately when I execute a trade. The allowable margin of error is very small because the entry levels I choose are at key points. If the market moves even a small amount against me my opinion of direction becomes uncertain and possibly reverses. Therefore having close tight stops and limiting losses suits my trading style.

    When the price action accommodates I use trailing stops to lock in profits while allowing the trade to reach maximum potential. My underlying dominant strategy is avoiding losses. I do not allow a winning trade to become a losing trade.

    Bottom Line – Daily profits are unlimited. Daily loses limited to 1% of capital.

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    Dec 2, 2017 at 5:42 pm #1541
    Peter Parker
    Participant
    • 29

    This is a very interesting way, but it requires a lot of experience and you need to have the ability as well since only then you will be able to pull it off! I do it rather smoothly. This is entirely to do with no deposit bonuses that are available nowadays. I love using it for figuring out these things, I get serious help!

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    Dec 7, 2017 at 2:45 am #1591
    FxTT
    Member
    • 24

    I would like to hear more details about this. As which pairs this is suitable for or such details. Right now, it is nice reading it but this is more experience sharing instead of allowing others to use this.

    I don’t like to trade on high/low, as it often becomes random like, and that can be very dangerous!

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    Dec 17, 2017 at 3:28 am #1726
    viceboy
    Participant
    • 9

    I found trading with Pivot Point much better and beneficial, but the obvious issue is that we need to work out it with balance setup that should include right money management and all those sort of things, as it is what we are likely to find helpful for us especially when it comes to difficult situations. But if we are unable to do that then we will not find any strategy profitable enough.

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    Dec 31, 2018 at 3:24 am #2086
    FXGuru
    Participant
    • 443

    We need to trade with style that we are comfortable with instead of copying or following others. I like to do all types according to the situation, but scalping is my favourite. The major problem is that most don’t have sufficient knowledge to be able to trade according to the situation.

    When I started, I too had trouble but thanks to FreshForex, I was able to slowly work it out, especially with their marvellous educational setup that’s so very helpful.

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