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  1. #1
    Rookie Member Daveman's Avatar

    Hot How to improve my trading style while learning? !!!

    Hi guys!

    I am searching for a new way to make my trades better.

    I would like to improve my trading style and to make it consistently profitable all the times. I am not absolutely sure how to do that but it is pretty obvious that it is possible if I follow the right rules. I would like to ask you for ideas.

    I am trading now 2-3 trades per day on major currencies and SP500 with one day duration. I am entering mostly during the European Session and early American Trading Session. I am doing this for considerable period of time (2-3 months) and my win/loss ratio is about 55% wining trades, which is not enough to profit – close to break even instead. I am trading discretionary based on the market sentiment, major support and resistance levels and dynamic trend lines. I am searching for additional filters to help me improve my win/loss ratio. Any suggestions are welcomed

  2. #2
    M.J
    M.J is offline
    Veteran Member M.J's Avatar
    It is a slow process. 2 to 3 month is a significant period but for trading it is not much. If you have managed to get 55% win ratio using ur own technique then you will, for sure, gain higher percentage in future as you will get better understanding of market movement with experience.
    If you want to tweak you strategy, you may experiment your strategy on longer time-frames (obviously on demo account). For example if you r trading 1 hour options now, you may try it on 4 hour or 1 day options. Similarly you can experiment your strategy on an additional asset. Demo practice results for another 3 months will tell you if your strategy works better with these settings or not.

  3. #3
    Veteran Member hchandra's Avatar
    I would suggest keeping journal,
    with trade journal we can know which system work, which do not over 100 trades,
    marking each trade opening, is it following system used or mostly emotional?
    Create trading plan also good because you say you trade major support - resistance and dynamic trend lines,
    before each trade taken you will already know what to do.

  4. #4
    Legendry Member willyw's Avatar
    I agree with M.J. try a longer timeframe. You can a longer and better view of the market.

  5. #5
    Moderator Kolyo's Avatar
    It is really better to keep trading diary of your activity. This is the first step of the process. The second and most important is to keep trading with reasonable risk, not exceeding 2% per trade. The third element of successful trading is to minimize the number of entry points to only these that fit perfectly your strategy or which are best arranged to your current market analyses and discretion. Trading only few trades a week, or if you more active day trader – few trades a day is enough and recommended if you want to have really best results.

  6. #6
    Active Member COGSx86's Avatar
    What expires are you trading ?
    I would suggest adding OBV (on balance volume) if your trading S&R, check out

    http://forums.binaryoptionsthatsuck....)-with-S-amp-R

    Add me on skype COGSx86

  7. #7
    Specialist Member runneroption's Avatar
    Good organization is the key for succesful trading.
    Last edited by runneroption; 07-27-2014 at 05:28 PM.

  8. #8
    Rookie Member
    The most important step is to find the right forex broker. I have reviewed some of the best forex brokers

  9. #9
    Veteran Member Dan21's Avatar
    Choosing the right broker is good, but most important is to choose the right approach and trading strategy, than on second place to use good money management, not too conservative, but also not too aggressive.

  10. #10
    Senior Member grindtime's Avatar
    Quote Originally Posted by Daveman View Post
    Hi guys!

    I am searching for a new way to make my trades better.

    I would like to improve my trading style and to make it consistently profitable all the times. I am not absolutely sure how to do that but it is pretty obvious that it is possible if I follow the right rules. I would like to ask you for ideas.

    I am trading now 2-3 trades per day on major currencies and SP500 with one day duration. I am entering mostly during the European Session and early American Trading Session. I am doing this for considerable period of time (2-3 months) and my win/loss ratio is about 55% wining trades, which is not enough to profit – close to break even instead. I am trading discretionary based on the market sentiment, major support and resistance levels and dynamic trend lines. I am searching for additional filters to help me improve my win/loss ratio. Any suggestions are welcomed
    I would go back and review what trades were losses. And get better stats if your looking to make tweaks to improve your ratio. For example say over the course of the 3 months you took 50 trades on EUR/USD and lost 45 of them... I would recommend you take that pair from your equation and your win rate would go up drastically. Or say if you had a 80% success rate with your 1 day S&P trades. I would tell you to drop all the other trades you been making and put the added money into your S&P trades.

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