What I do if there is no clear market during the day then I would not trade. maybe I'll do the exercises, or backtest, or doing other things besides trading. Since I do not want to impose the will if market conditions are unstable, because then the result will be worse.
if u are not clear with any trend or there will no open directional trend then u shouldn't trade on particular day ...this can happen with everyone ...if u open any position and trap for long time which will be the most boring and pathetic time ..so we must have to analysis and wait for a clear trend always
First I thank you for asking a good question, in your point considering my brother comment that, when you make a big loss without tracking the stop loss, then watch the full trend of market if the trend already on opposite of you, I think the trade no more longer, and if you find out the trend in your favor that may wait for while to correct the market minimum 50 pips.
I do day trading. When i face this type of thing. Most of that time i stop my trading. I thing it is better to minimize ur loss.
totally agree with you and this is the best way of trading because some time better you getting nothing rather than getting losses and this is where I feel you have to be patient and you have to be right trade at right time. some time t can be better to wait,.Quote:
Originally Posted by bdboy
It is higher to go away that day as it's if there's no plain indication than we do not have to be compelled to trade interested in that market and if we have a tendency to do trade than principally it subtract our income have to be compelled to management our identity to remain far from marketplace for that day
if there is no clear trend then i will use the bollinger bands and the harmonic indicator to do some scalps and then make some rebate from the scalps that i have made and also some profit from the rebate
jab koi trend nehi hota or na hi apni strategy koi trade kerna ka kehti hey to kuch bhi nehi kerta, overtrading or patience kho baithnay sey nuqsaan hi hota hey, jab trade milti hey to kerta hun werna nehi kerta
Well I am a day trader and loves to do trade according to the trend of the Forex market and I think that the i would like to go with the hedge if I am unable to find the best trend of the Forex market.Try to trade according to the trend of the Forex market you will find good profit.
Personally, in my trading, if there is no clear trend that could make me enter the market, I prefer not to trade because it was too dangerous for me, I better not take risks that can get me a foreign exchange loss