FOREX - Trends, Forecasts and Implications (Episode 17: July 2012) - page 276
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So no one knows what happens during a trade. First, there is a set of positions, and then market makers look at the higher prices and break them back. Our task is to react quickly to a breakout or pullback from the market. During the breakout itself, we should enter the market like a casino - 50/50.
All this is great. But watch the currency futures market is pure circus. All these rules that Gerchik says can be applied to the fund. On the forex market the rules are completely different )))))
purchase in progress.
Red zone - pro-trade level, white bars - highest volume, circles - knocking down stops.
That's all well and good. But watch the currency futures market - it's a circus. All these rules that Gerchik says can be applied to the fund. On the forex market the rules are completely different )))))
Forex is several times more complicated, the rules are always the same: "take money from the others")))
Forex is several times harder, and the rule is the same everywhere: "take money from others")))
The red zone is the pro-trading level, the white bars are the highest volume, the circles are stop knockdowns.
Did you make it up about the feet, or were your feet there?
On the bottom circle, I was b/c I'm not the only one who was knocked out)
That's all well and good. But watch the currency futures market - it's a circus. All these rules that Gerchik says can be applied to the fund. The forex market has very different rules ))))).
By the way, he trades the RUR/Dollar pair in the same way. Experience is experience.