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forex_gump
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Posts posted by forex_gump
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Where can I get detail instructions on how to read and apply pivot points.
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From my understanding you are a trend based trader? What is your timeframe for trading?Remember the markets only trend 30% of the time so having only a trend based strategy can lead to losses if you are not able to identify a trend from a range.
Also the markets change everyday so if you are relying on a system that worked in the past, expect it to give you different results tomorrow. You need to adapt to market conditions and adjust your strategies accordingly.
What are some of the things one should look out for to Identify range from trends
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I breeze pass the first three stages. I understand what you as saying about stage 5 coming naturally. Because without you mentioning it I have been taking notes eversince I began. I keep re-editing and changing. Little by little I am figuring out what aspect of my set-up is working and what part is not. Slowly but surely I am getting there. But a I will look for all the help i can get. I dont believe in automated systems for indications I believe I must learn the hard way to figure out the market.
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I am at stage 4 need a little help to get to stage 5 & 6
USDJPY Discussions
in Forex
Posted
I am experimenting alot with my strategy. I found somethings that work most of the time but I need to find other things that compliment this. My strategy has evolve and will keep evolving until I get consistent result.
Right now I am using Bollinger bands, EMA's RSI and Stochastics. They work fine together (most of the time) back testing. Now I am testing it AGGRESSIVELY on different time frames to see which one it work best on.