Monday, June 1, 2009

If the logic goes you go

If the logic goes you go: If the reason you entered the trade disappears then so does your reason to remain in the trade. If you think you’re at a low and it breaks through, get out. Then reevaluate and decide once more.

Have a maximum run: If you have 4 or 5 bad trades in a row, take a break. Something isn’t working. Go away and regroup. Don’t be afraid to take a break.

Study: Learn new ideas, keep up to date, and don’t trade other people’s ideas. You should always know why you are in the trade.

Have Fun: Enjoy what you do. Keep calm and stay as unemotional as possible – you will be more successful.

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Forex Basic Technical Indicators

· Market Facilitation Index (BW MFI)

· Money Flow Index – MFI

· Force Index

· Accumulation / Distribution Indicator

· Volume Indicators

· Stochastic Oscillator

· Moving Average of Oscillator (OsMA)

· Commodity Channel Index (CCI)

· Standard Deviation (SD)

· Williams’ Percent Range (R)

· Relative Vigor Index (RVI)

· Relative Strength Index (RSI)

· Average Directional Movement Index (ADX)

· Parabolic Indicator

· Average True Range (ATR)

· Moving Average Convergence Divergence (MACD)

· Bollinger Bands

· Envelopes (Price Channel)

· Elder Ray Indicator

· Ichimoku Kinko Hyo

· Alligator

· Indicators. Trend Indicators.

· Triangle

· Reversal Chart Patterns

· Trend Analysis. The Main Notions.

· Dow Theory

· Technical Analysis
 

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