Best strategies to start trading

Discussion in 'Trading' started by farmerjohn1324, Dec 14, 2019.

  1. themickey

    themickey

    Yes and no re fulltime.
    Long term traders don't need to look at daily charts.
     
    #211     Dec 24, 2019
    ironchef likes this.
  2. themickey

    themickey

    Most of my time is spent trying to dream up new out of left field whacky algo ideas, the sort of stuff that sounds ridiculous.
     
    #212     Dec 24, 2019
    TooEffingOld and ironchef like this.
  3. tomorton

    tomorton


    I generally look for a daily forex chart on which the MA's form up as described. Then find a chart as above but on which today's daily range shows a high which is lower than yesterday's. Note the price marking this high and set a buy order at or slightly above this price. Then go off and read a good book while you wait for the order to trigger.

    If the order does not trigger and today's daily high is lower than yesterday's, lower the entry order price to at or just above today's high (as long as the criteria for the two MA's as described are still met).
     
    #213     Dec 24, 2019
  4. ironchef

    ironchef

    Actually me too. :cool::D

    Merry Christmas to you and your family.
     
    #214     Dec 24, 2019
    TooEffingOld and themickey like this.
  5. ironchef

    ironchef

    I don't use technical analysis to trade.
     
    #215     Dec 24, 2019
  6. So you're a position trader?
     
    #216     Dec 24, 2019
  7. If you trade off fundamentals you better know what you are looking at. No it’s not mainstream media economics or zerohedge.
     
    #217     Dec 24, 2019
  8. True. And even the best are wrong sometimes. Soros made many losing bets.
     
    #218     Dec 24, 2019
  9. themickey

    themickey

    A 50% win rate, even less is acceptable.
     
    #219     Dec 24, 2019
  10. I would say anybody who has to post and ask for advice or even discuss their fundamental ideas on a public forum, doesn’t know what the heck they are doing. People who really figured out the key data/fiscal policies that forecast the market’s near future, won’t say anything about it publicly and only give out their ideas to their clients.
     
    #220     Dec 24, 2019