Show me your 2 losing trades.
with a stop loss we chould avoid lossing more
the first one i dont know what should i do , the second one, i was thinking that it needed Strength indicator ,
i dont know, was the news?
make your opinion
thanks for your help
ps: our forex life is not only wins,
we have to be emotionaly prepared for losses too , i just want to discuss about how toa void false signals
Buy Signal for USDCHF
It seems there are a buy signal for usd/chf. is it correct?.
Did anybody sell frank in 15:00. this turned to buy in 17:30 with 34 pip loss!!!
we had 2 signals of level 1 and the got wrong.
this is a very simple, amateur system - a basic 50MA. Therefore, this is not a magicalthing. Something that is very simple here is NEVER trade against the trend. In fact, someone composed a very nice study yesterday that we should all be thankful for showing all the entries for the Cat since December. Almost every loss was due to trading against the trend.
Both of your entries were against the trend. Al least wait for the 50MA to change it's course before entering.
edit. kohzadi -same thing with the swissy: against the trend
Watch Out For The News
SORRY TO HEAR ABOUT YOUR LOSSES, EVEN I CAN'T COMMENT ON THE DEVELOPMENT ON YOUR FIRST TRADE (I THINK AT 0.00 EST) CZ I WAS SLEEPING, YOUR SECOND TRADE WAS RIGHT IN THE NEWS RELEASE, SOME MEMBER POSTED THE NEWS CALENDAR BEFORE THAT, EVEN THE NEWS WHERE DOLLAR NEGATIVE THE MOVE WAS VERY FAST AND HARD TO GET IN I GOT REQUOTED 3 TIMES AND THE MOVE WAS OVER, AS SAID BE CAREFULL WHEN PRICE IS > 20 PIPS FROM EMA, AND BE CAREFULL AT NEWS TIMES LIKE TODAY 8:30 EST, EMA'S (50,120,200) ON 15MIN ARE PILED UP, MARKET DOESN'T KNOW WHERE TO GO RIGHT NOW.
the only ruled based level 1 s today that closed within 20 pips of 50 ema are the eur and swiss 1700 candle as for me i did not take this to late in session i did take a cross of gbp earlier when it closed 1 pip above 50 ema and all 3 step stocs crossed at same time even though price opened 1 pip below 50 ema i entered on high of that closed candle along with news that helped give strenghth to move it was a pretty safe trade
The first long is out of our trading time.
The second is above 20 pips of EMA50, which is much more risky.
And there are more things to take into account. They are playing with us all day long.
Nina or mibl or sombodey who r experienced in the system.
please take a look at the screenshots and tell me were these signals right?
has anybody traded these signals?if not how u mnaged them and what reason prevented you to do not trade them.
mimi read post 4085 for your answer
i did not pay attention to the post.
thank u mate