How to trade this??

Have a question about trading? Any questions are welcome. Go ahead!

How to trade this??

Postby sohel » Tue Dec 20, 2011 5:29 am

Hi,
I was following the following strategy in my demo trading---

http://forex-strategies-revealed.com/tr ... egy-adxsar

During following this strategy, a question arose..... it might be a common question and might be answered in this forum... But I wasn't able to find it.... so I'm asking it....

Image

After taking my profit from a long position in one candlestick on a 30 minutes chart, should I again go for long position in the next bar providing the signal is there following the same strategy.......

I'm just new to forex trading... So please don't ignore the question considering it to be a stupid question......

Another question for the same image..... the buy signal came at least 6 candlestick back of the largest candle stick....Should anyone enter a position after such a period passed following the generation of a signal?

I'm not a native english person.... so my question might not be clear someone....if that so, then please let me know... I'll try to clarify....

Thanks
Sohel
sohel
 
Posts: 2
Joined: Tue Dec 20, 2011 3:18 am
Location: Dhaka

Re: How to trade this??

Postby JamieTR » Mon Feb 27, 2012 11:07 am

You can never be 100% sure. you just have to go with 1) your gut instinct, and 2) If you are a playing a trend game then or taking a position on the assumtions made from external news sources.
Michael Baxter
<a href="http://bankroly.com">bankroly.com Trade Forex Like a Pro</a>
User avatar
JamieTR
 
Posts: 1
Joined: Mon Feb 27, 2012 10:44 am
Location: http://bankroly.com

Re: How to trade this??

Postby Moreno » Sat Dec 20, 2014 10:11 pm

for beginners to start trading on a demo account, with a demo account so we can practice trading with a well and a maximum, and therefore we need to use a demo account so well that we can trade real account with either
Moreno
 
Posts: 101
Joined: Thu Nov 27, 2014 10:35 am

Re: How to trade this??

Postby kevin43 » Fri Dec 26, 2014 4:05 am

sohel wrote:Hi,
I was following the following strategy in my demo trading---

http://forex-strategies-revealed.com/tr ... egy-adxsar

During following this strategy, a question arose..... it might be a common question and might be answered in this forum... But I wasn't able to find it.... so I'm asking it....

Image

After taking my profit from a long position in one candlestick on a 30 minutes chart, should I again go for long position in the next bar providing the signal is there following the same strategy.......

I'm just new to forex trading... So please don't ignore the question considering it to be a stupid question......

Another question for the same image..... the buy signal came at least 6 candlestick back of the largest candle stick....Should anyone enter a position after such a period passed following the generation of a signal?

I'm not a native english person.... so my question might not be clear someone....if that so, then please let me know... I'll try to clarify....

Thanks
Sohel



Yeah sometimes it can be wise to fix your profit, but on the other hand if your confident in the trend moving in your favor then what for to pay for the spread again, isn't it reasonable just to keep on holding position? :D
kevin43
 
Posts: 33
Joined: Fri Oct 25, 2013 4:12 am


Return to Newbie questions & answers



cron