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  1. #1
    Junior Member

    The currencies today. !!!

    Had a hard time finding solid trends today. Had 3 winners and 2 losses. It was interesting. Both losses were in trends that immediately reversed practically the second I placed the order. LOL!

  2. #2
    Specialist Member marvel's Avatar
    Quote Originally Posted by BinaryTango View Post
    Had a hard time finding solid trends today. Had 3 winners and 2 losses. It was interesting. Both losses were in trends that immediately reversed practically the second I placed the order. LOL!
    Hi BinaryTango,
    Today the market was really hard to trade, many unpredictable movements we saw.. Which assets did you trade? If they go immediately when purchased in the other direction you have to think about your entry points, are they late or even are you entering in false breakout points?

  3. #3
    Junior Member
    Quote Originally Posted by marvel View Post
    Hi BinaryTango,
    Today the market was really hard to trade, many unpredictable movements we saw.. Which assets did you trade? If they go immediately when purchased in the other direction you have to think about your entry points, are they late or even are you entering in false breakout points?

    Hi, marvel!

    I typically try to only trade within a given trend. I don't try to trade breakouts or reversals. It was just bad luck from what I can tell.

  4. #4
    Legendry Member willyw's Avatar
    Quote Originally Posted by BinaryTango View Post
    Hi, marvel!

    I typically try to only trade within a given trend. I don't try to trade breakouts or reversals. It was just bad luck from what I can tell.
    BinaryTango, sad to hear you did not did well in trading with trends. From my experience, it is good to trade with trends. There are many indicators that can help you to identify trends. Probably you can try other indicators and strategies. There are many indicators like divergence, candlestick, etc.

  5. #5
    Veteran Member uj.forex's Avatar
    @binary tango

    some key strategies that i wud recommend u to use are


    1 - Price action theory

    2 - 200 EMA on 30 min, 1 hour, and 4 hourly chart

    3 - Price based indicators

  6. #6
    Junior Member
    Quote Originally Posted by willyw View Post
    BinaryTango, sad to hear you did not did well in trading with trends. From my experience, it is good to trade with trends. There are many indicators that can help you to identify trends. Probably you can try other indicators and strategies. There are many indicators like divergence, candlestick, etc.
    I learn something new every day. Yesterday was the end of the month, and uj.forex made a great point that the last day of the month is not a good day to trade. The markets were very volatile yesterday which didn't help during trading. Having much better luck today and seeing some solid trends in which to trade.

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