Floor Trader Method Question, please help!

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Floor Trader Method Question, please help!

Postby nsn14 » Sun Jan 12, 2014 10:02 pm

:D I have been reading Edward website for a month now, very nice and useful website you have!
Thanks for sharing forex strategies to us especially newbie like me!!

I read about Floor Trader Method http://forex-strategies-revealed.com/advanced/floor-trader-system

However I am still confuse regarding some matters...I attached an image and question in it...

Please help me to clear it off, thanks!!!

I am in Gold Daily Chart...
Attachments
gold.JPG
nsn14
 
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Re: Floor Trader Method Question, please help!

Postby nsn14 » Fri Feb 21, 2014 2:10 am

Dear members
I am still looking for answer...? Anyone??
nsn14
 
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Re: Floor Trader Method Question, please help!

Postby ddeeen » Mon Apr 14, 2014 7:03 am

I can't help you sir,,Those chart make me confused. Its difficult for me to analyze the chart. I tend to trade using Robot trading, we do not need to analyze and just playing the robot and control it..
My trade in liteforex broker have make me got addicted because making hundreds pips is very easy with my EA...
ddeeen
 
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Re: Floor Trader Method Question, please help!

Postby forex_edo » Tue Aug 26, 2014 11:02 am

Yeah, just using robot trading. its easy and make our order and close more faster than manual.
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Re: Floor Trader Method Question, please help!

Postby darklot » Fri Nov 21, 2014 8:49 am

nsn14 wrote:Dear members
I am still looking for answer...? Anyone??


it's a simple method.
to get to know this system here's what you need to learn.
moving average indicator - it's a must.
candle stick formation - go with the two bars formation
most of try to observe gold chart regularly, research on their daily range, any key price level, etc related too gold price.
try to avoid any news material swarp the net, it will confuse you more.
and when you done with your training, next challenge is find a suitable brokers match this strategies. a low spread gold price would be better, personally i would recomend armada markets, my gold trade with them only charged 10 pips spread, not much brokers offer such low spread on gold price.
regarding the snaphot image.
this strategies are based on moving average level, used at upto h4 timefram (h1 still acceptable), entry level are based on candle formation, in the image clearly shown it's an engulfing formation. have a reasearch on that and get back here if you need any further explanation.
darklot
 
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