Simple Tricks.

[sinooo]

this emotion problems happen to all traders because its money and the advice it to enter with smal lot and keep away from the greeding

[loys]

i use hard tick and good trading strategy and making good trading strategy gives you some good understandable trades,you are good in these you can be a way you can avoid your emotions from waring you out, you can try a good in the same trade you try a great simple strategy.

[d5358]

Perform weekend analysis.

It is always good to prepare in advance. On the weekend, when the markets are closed, study weekly charts to look for patterns or news that could affect your trade. Perhaps a pattern is making a double top and the pundits and the news are suggesting a market reversal. This is a kind of reflexivity where the pattern could be prompting the pundits while the pundits are reinforcing the pattern. Or the pundits may be telling you that the market is about to explode. Perhaps these are pundits hoping to lure you into the market so that they can sell their positions on increased liquidity. These are the kinds of actions to look for to help you formulate your upcoming trading week. In the cool light of objectivity, you will make your best plans. Wait for your setups and learn to be patient. (For information on determining what the market's telling yo

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Keep a printed record.

Keeping a printed record is one of the best learning tools a trader can have. Print out a chart and list all the reasons for the trade, including the fundamentals that sway your decisions. Mark the chart with your entry and your exit points. Make any relevant comments on the chart. File this record so you can refer to it over and over again. Note the emotional reasons for taking action. Did you panic? Were you too greedy? Were you full of anxiety? Note all these feelings on your record. It is only when you can objectify your trades that you will develop the mental control and discipline to execute according to your system instead of your habits.

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Bottom Line
The steps above will lead you to a structured approach to trading and in return should help you become a more refined trader. Trading is an art and the only way to become increasingly proficient is through consistent and disciplined practice. Remember the expression: the harder you practice the luckier you'll get.

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If RSI has natural difficulty rising above a level, yet manages to do so, doesn’t that indicate that momentum is trending up? Conversely, if RSI has natural difficulty falling below a level, yet manages to do, it indicates that momentum is trending down.

Here are the levels: 60 and 40. 60 is natural resistance, and 40 is natural support. I know other traders recommend 70 and 30. I don’t. 60 and 40 are the most valuable levels in my personal opinion

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Calculate your expectancy.

Expectancy is the formula you use to determine how reliable your system is. You should go back in time and measure all your trades that were winners versus all your trades that were losers. Then determine how profitable your winning trades were versus how much your losing trades lost.

Take a look at your last 10 trades. If you haven't made actual trades yet, go back on your chart to where your system would have indicated that you should enter and exit a trade. Determine if you would have made a profit or a loss. Write these results down. Total all your winning trades and divide the answer by the number of winning trades you made. Here is the formula:

E= [1+ (W/L)] x P � 1
where:

W = Average Winning Trade
L = Average Losing Trade
P = Percentage Win Ratio
Example:
If you made 10 trades and six of them were winning trades and four were losing trades, your percentage win ratio would be 6/10 or 60%. If your six trades made $2,400, then your average win would be $2,400/6 = $400. If your losses were $1,200, then your average loss would be $1,200/4 = $300. Apply these results to the formula and you get; E= [1+ (400/300)] x 0.6 - 1 = 0.40 or 40%. A positive 40% expectancy means that your system will return you 40 cents per dollar over the long term.

[gamujtaba]

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[d5358]

simple thinking
Before you set out on any journey, it is imperative that you have some idea of where your destination is and how you will get there. Consequently, it is imperative that you have clear goals in mind as to what you would like to achieve; you then have to be sure that your trading method is capable of achieving these goals. Each type of trading style requires a different approach and each style has a different risk profile, which requires a different attitude and approach to trade successfully. For example, if you cannot stomach going to sleep with an open position in the market then you might consider day trading. On the other hand, if you have funds that you think will benefit from the appreciation of a trade over a period of some months, then a position trader is what you want to consider becoming. But no matter what style of trading you choose, be sure that your personality fits the style of trading you undertake. A personality mismatch will lead to stress and certain losses

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simple thinking
Choose a broker with whom you feel comfortable but also one who offers a trading platform that is appropriate for your style of trading.

It is important to choose a broker who offers a trading platform that will allow you to do the analysis you require. Choosing a reputable broker is of paramount importance and spending time researching the differences between brokers will be very helpful. You must know each broker's policies and how he or she goes about making a market. For example, trading in the over-the-counter market or spot market is different from trading the exchange-driven markets. In choosing a broker, it is important to read the broker documentation. Know your broker's policies. Also make sure that your broker's trading platform is suitable for the analysis you want to do. For example, if you like to trade off of Fibonacci numbers, be sure the broker's platform can draw Fibonacci lines. A good broker with a poor platform, or a good platform with a poor broker, can be a problem. Make sure you get the best of both

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The daily chart shows that most of the daily candles have different lengths in terms of pips. We also notice that they break the high or low price from the previous daily candle most of the time.
The magnitude of the breakouts differs from candle to candle, but many times the distance the exchange rate shoots off the previous daily extremes is large enough to be considered a profit potential

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“ take your trading seriously. You should too. Make It Pay.”
– Due to the demanding nature of personal attention required to provide trading success, only a few personal mentoring spaces are made available. Nothing personal – own trading comes first, and if you commit to helping you, we want to do our best.

---------- Post added at 11:40 AM ---------- Previous post was at 11:28 AM ----------

“Those fools get caught in the intraday market trading 5-minute and 15-minute charts because they never think to look at what is really going in the market!”

A rather harsh statement, especially since I do trade intraday charts myself! However, he has an important point. Most “intraday traders” get caught up looking at only the lower timeframes. They never realise that intraday movement is determined by the higher timeframes. In this post, I will share a simple trick I learnt from a veteran bank forex trader (yes, an “insider” to the workings of institutional forex) that could change the way you look at intraday trading.

Essentially, intraday trading is taking part in a a bigger timeframe swing. If you are trading counter to the higher timeframe trend, you are probably playing a losing game. Note that trend, cycle and momentum are all considerations, but for now I will share just one trick that will help you massively in deciding the direction of the day.

Before you take an intraday trade, go to the daily chart. Place two simple moving averages on it: a 5-period and an 8-period. Now, VERIFY THIS FOR YOURSELF: When the 5 crosses above the 8, there will generally be more up days than down days. When the 5 is below the 8, there will generally be more down days than up days.

Isn’t this a very useful piece of information? Of course, in itself it is not enough to trade on, but if you know your trading bias for the day, you will stop getting lost in the jungle of the lower timeframe charts. When I learnt to orient myself to the daily chart, my trading improved dramatically.

With best wishes for your trading,

---------- Post added at 11:46 AM ---------- Previous post was at 11:40 AM ----------

Choose a methodology and then be consistent in its application.

Before you enter any market as a trader, you need to have some idea of how you will make decisions to execute your trades. You must know what information you will need in order to make the appropriate decision about whether to enter or exit a trade. Some people choose to look at the underlying fundamentals of the company or economy, and then use a chart to determine the best time to execute the trade. Others use technical analysis; as a result they will only use charts to time a trade. Remember that fundamentals drive the trend in the long term, whereas chart patterns may offer trading opportunities in the short term. Whichever methodology you choose, remember to be consistent. And be sure your methodology is adaptive. Your system should keep up with the changing dynamics of a market

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Choose a longer time frame for direction analysis and a shorter time frame to time entry or exit.


Many traders get confused because of conflicting information that occurs when looking at charts in different time frames. What shows up as a buying opportunity on a weekly chart could, in fact, show up as a sell signal on an intraday chart. Therefore, if you are taking your basic trading direction from a weekly chart and using a daily chart to time entry, be sure to synchronize the two. In other words, if the weekly chart is giving you a buy signal, wait until the daily chart also confirms a buy signal. Keep your timing in sync

---------- Post added at 12:30 PM ---------- Previous post was at 11:50 AM ----------

Calculate your expectancy.

Expectancy is the formula you use to determine how reliable your system is. You should go back in time and measure all your trades that were winners versus all your trades that were losers. Then determine how profitable your winning trades were versus how much your losing trades lost.

Take a look at your last 10 trades. If you haven't made actual trades yet, go back on your chart to where your system would have indicated that you should enter and exit a trade. Determine if you would have made a profit or a loss. Write these results down. Total all your winning trades and divide the answer by the number of winning trades you made. Here is the formula:

E= [1+ (W/L)] x P � 1
where:

W = Average Winning Trade
L = Average Losing Trade
P = Percentage Win Ratio
Example:
If you made 10 trades and six of them were winning trades and four were losing trades, your percentage win ratio would be 6/10 or 60%. If your six trades made $2,400, then your average win would be $2,400/6 = $400. If your losses were $1,200, then your average loss would be $1,200/4 = $300. Apply these results to the formula and you get; E= [1+ (400/300)] x 0.6 - 1 = 0.40 or 40%. A positive 40% expectancy means that your system will return you 40 cents per dollar over the long term.

---------- Post added at 12:37 PM ---------- Previous post was at 12:30 PM ----------

Focus on your trades and learn to love small losses.

Once you have funded your account, the most important thing to remember is that your money is at risk. Therefore, your money should not be needed for living or to pay bills etc. Consider your trading money as if it were vacation money. Once the vacation is over your money is spent. Have the same attitude toward trading. This will psychologically prepare you to accept small losses, which is key to managing your risk. By focusing on your trades and accepting small losses rather than constantly counting your equity, you will be much more successful.

Secondly, only leverage your trades to a maximum risk of 2% of your total funds. In other words, if you have $10,000 in your trading account, never let any trade lose more than 2% of the account value, or $200. If your stops are farther away than 2% of your account, trade shorter time frames or decrease the leverage.

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Build positive feedback loops.

A positive feedback loop is created as a result of a well-executed trade in accordance with your plan. When you plan a trade and then execute it well, you form a positive feedback pattern. Success breeds success, which in turn breeds confidence - especially if the trade is profitable. Even if you take a small loss but do so in accordance with a planned trade, then you will be building a positive feedback loop.

[mani89]

First we have to control our emotion in order to take profits . we have to follow the trading strategy and use of the best indicators to make constant profits and learn to trade in the trading platforms to make it easier for every time use of the strategy method.

[shinaforex1]

The trick is good and i like it to trade the forex market. i will surely try it in the forex market trading business and i believe it will bring good amount of pips in the forex market trading business.the forex market trading business is a great business for all of us that understand a simple trick like the one you are giving us.

[hajiahmad]

but some time this also risky and its need a lot up practice specialy for newbie

---------- Post added at 12:52 AM ---------- Previous post was at 12:50 AM ----------

and sometime its totally over other side

---------- Post added at 12:54 AM ---------- Previous post was at 12:52 AM ----------

but anyhow we need to use stop loss from prevention big lossss

---------- Post added at 12:56 AM ---------- Previous post was at 12:54 AM ----------

anyhow but need a quick and trick in forex trading something new

---------- Post added at 12:57 AM ---------- Previous post was at 12:56 AM ----------

i need some invention for to be quick eichness
and easy trick that make someone millioner in i nightr

---------- Post added at 12:59 AM ---------- Previous post was at 12:57 AM ----------

come on guy there will be anyone to beeeeeeeee

[darpan2014]

I donot agree with your 2 nd point of hedging... if you have good strategy why should you hedge ? on what basis you will place pending orders...? mind t when you place 2 pending orders ( buy and sell ) then try to close one if another has triggered and his is the rick of pending order else you may face reverse ....

[hearthacker123]

this way is very helpful main aisa he karta hon jo aap nai btaia hay kafi had tak is say emotion par control ho jata hay