What is the Simple Trading Strategy for Full Time Traders

[What is the Simple Trading Strategy for Full Time Traders]

learn from a good trader

[Which is good for investment?]

the one that you study hard about 

[Candlesticks or no candlesticks?]

candlesticks are better then a line graph for my opinion, it can show you a pattern. but I have neglected a bit also candlesticks when I learned about the heat map that Bookmap provides (I don't know if other software got it)

[Consistently Losing]

On 8/28/2013 at 1:22 PM, daytrade999 said:

Hi everyone,

 

I'm having problem with my trading and I want some help . I consider myself a swing trader and my method is following the trend and watching price action as confirmation for entry. My problem is I'm always losing . There are times when ny positions are in profit but I'm just not so sure when to move ny stops and then I get stopped out even when the trade was right. I try to cut losses by closing out positions that are not working the next day and Minot even sure if this is what people say cutting your losses short means. I need help people . Thanks .

check out Bookmap. The heat map can help you to see where the large level of buyers/sellers so you can put your stops accordingly and also tell you when the trend can be shifted when you are in a profitable trade.

[Help with Detecting Short, Few Minute, One Direction Price Shifts]

On 2/12/2011 at 3:24 PM, P.W. said:

Hi all

 

I would gladly hear your recommendations. I am wondering is there a way to pick up on these short movements when the price goes continuously in one direction for 10 pips or so. I would be grateful for recommending me a few indicators that would help me to determine that.

What I am thinking of is to do a few (2-3) very small trades a day - a 3 pip take profit and a 3 pip stop loss + spread, per trade. It gives approximately 2:1 risk-reward ratio. Obviously, in order for it to be profitable a very high win rate is needed. That's why I want to choose favourable market conditions and a proper currency pair.

 

I'm working on MT4. Do you have any recommendations about the indicators I could use, currency pair and the time frame/number of ticks per bar I should try?

 

Cheers

P.

 

Help with detecting short, few minute, one direction price shifts

check out Bookmap heat map, which for my opinion can be useful more the other indicators