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Thread: THE BEST STRATEGY FOR YOU ?
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06-27-2013, 07:56 PM #1
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THE BEST STRATEGY FOR YOU ?
WELCOME
what the best strategy for you ?
I would rather long term strategy but you .... !!!
thanks
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06-27-2013, 08:16 PM #2
Новичок
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I more like scalping or intraday trading. It is very hard to me when i have position over night or for weekend. I just follow trend or open position on very strong price levels. And i use more than one strategy, sometime based only on indicators, sometimes Price Action patterns. For each market time and conditions i use that strategy that can work better at this time.
IT expert since 1995 *** FX trader since 2006
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06-30-2013, 02:09 PM #3
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If you prefer to trade with long-term strategy, it's better to share it and why do you use it (what is your consideration) so I can learn from you too. If me, I prefer to become intraday traders because it will need less time in front of chart and it will be less in emotion. I ever tried to trade with scalping method but the result is not good for me. I got many losses (more than profits) with this method because I opened to many positions and many of them are bad positions because it's not easy to open and close position many times accurately.
In intraday strategy, I will use set and forget strategy with fibonacci retracement from D1 Time Frame. It is easy to draw for me and it is quite safe to set pending order (including SL and TP) although open position is not hitted every day.
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06-30-2013, 05:22 PM #4
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im like this way of trading to study the market first and put the suitable strategy that give me earning some time we use candle pattern or Eliot waves .but to depend on one system it will not give profit in all the time of the market because it's not stable but change from time to another.time frames very important and have relation with the price actionLast edited by gamil; 06-30-2013 at 05:31 PM. Reason: correct
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07-01-2013, 07:19 PM #5
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No strategy is best strategy until trader get hands on that. I believe that if trader stick with one strategy then he can make that better and better with his leaning and experience. Most of traders remain fail because they choose to trade with the random strategies or they change their strategies very often which make then failures.
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07-01-2013, 08:59 PM #6
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There are a lot of best strategies nowadays, but a best strategy will become wasted into a bad trader hand. Any kind of strategies can be labelled a best strategy after proved and a good maintenance by a trader himself. Also we need high discipline to employ such best strategy, lets take an example "TrendLine", this one is simple but very powerful and proved as a best strategy.
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07-02-2013, 08:36 PM #7
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i consider all the trading strategies as best to use in forex trading if the traders are having the required trading skills, knowledge and experience of using these strategies at the right time. traders need to have the skills for doing the market analysis which will let them adopt the right trading strategy for earning the profits.
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07-03-2013, 07:44 AM #8
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Forex is very hard business for us. So we should long trade. As a new trader if we place an order for long time then we will be able to learn the markets movement. It is very important for us to realize the market flow. If we do not understand the market flow so trading is impossible for us. For long trade we can use RSI. It is best indicator for our long trade. I like and use this indicator for my best use.
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07-04-2013, 06:25 PM #9
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i have not selected strategy for trading in forex but i am always prefer that's fast and low risks and i want to say there is no best strategy for earning from forex because these all has a risks and need carefully using whene opening deals or closing it with good expacting markets.
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07-04-2013, 08:01 PM #10
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Several years of experience in forex, I have spent a lot of time to search and find a lot of strategies, but I have not found one strategy that is absolutely perfect for me, I ended up re-using a simple strategy, I was a longterm trader, because I have a bad psychology in the short term trading, I waited for the best moment of a few different pairs, when I found the best moment for the entry position, I let profits run as far as possible.
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07-04-2013, 08:53 PM #11
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my own strategy too is either i trade on the long term or i trade on the medium term because the long and the medium term trading is far better than trading in the short time because that is more stressful and also it takes a lot of trades to make good pips and sometimes it leads to over trading if care is not taken on the part of the trader.
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07-07-2013, 08:48 PM #12
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I much suchlike scalping or intraday trading. It is very difficult to me when i hump relation over night or for weekend. I rightful rise taste or undetermined post on real fortified damage levels. And i use author than one strategy, sometime based only on indicators, sometimes Toll Proceeding patterns. For each activity minute and conditions i use that strategy that can energy improved at this period.
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07-09-2013, 12:16 PM #13
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I have been a while in the forex market and I have seen the forex market behave in non-descript ways, though it was not really any surprise because first and foremost forex trade is directed by human activities and with that anything can happen. So my way to checking all manners of surprises that may show up in the forex market is to stick with hedging strategies and I relish the peace of mind that goes with trading that way. Unlike many other strategies that leave a trader at the mercy of the stop loss order, I do not have any need for stop order and that is the most interesting part of my strategy!
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07-10-2013, 08:42 PM #14
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If me, I prefer to use intraday strategy than scalping or swing strategy because scalping is too quick for making decision and swing strategy is too long for waiting each open position. It's hard to control emotion when I'm trading with scalping method and it's hard to keep patience when I am trading with swing trading. So, I think intraday is the most suitable method for me but it's not the best strategy for other trader maybe.
The best strategy for one trader can be different with other trader because every trader has different psychology control, money management and trading plan. It can determine method of trading which become trader's choice.
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07-11-2013, 07:23 PM #15
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I looks more like scalping or intraday trading. It is very hard my opinion when I position during the night or weekend. I'm only trends or open position on levels very high price. And I use more than one strategy, sometimes based solely on indicators, sometimes Price Action modes. Each time market of the conditions and I use that strategy can work smarter now.