Can you please expatiate on rewards and risks and obstacles? I don't want to assume I understand exactly what you are saying. Thanks.

When Is The Best Time To Take Profit?

I dont't have the unrealized profit problem with my live FXCM portfolios. I see it only with Thinkorswim, Trade King Forex, OANDA, and Forex.com accounts. The unrealized or open or floating P/L apparently represents unreconciled profit, which is ...

When Is The Best Time To Take Profit?

I like this suggestion because I have regretted not taking profit at those points. What I still need some insight on, is how to lock in my unrealized profits. It takes 24 to 72 hours before the unrealized profit is credited to a trader's account.

When Is The Best Time To Take Profit?

I agree that consistently may be a confusing word for communicating my observation. Let's use progressively instead. See Post 4 above.

How To Figure Out Market Directions With Trading Periods

Overbought and Oversold. Using the full Stochastic tool, I set my overbought (upper resistance) line at 95% and the oversold (lower resistance) line at 5%. At the overbought point (by make makers, not traders), there is usually a trend reversal as ...

How To Figure Out Market Directions With Trading Periods

This post has great insight on how the entire money market works. The rich will always get richer.

Trade Like Institutions and Banks Do

Take a look at my Forex Factory explorer, if you like it , then try some of my favorite tools. You must have a practice account to grow on day to day basis. This will help you rebuild your confidence as a trader. With practice account you can try ...

I am demotivated...

Elliot Wave, like most other analytic tools, is for prediction of price and market directions. Predictions, whether scientific or non-scientific remain predictions. It takes careful tracking of the degree of prediction accuracy of any tool compared ...

Do Elliott waves work?

For mid and longterm trade placement, I use any momentum Oscillator and Stochastic-Full to confirm my predicted direction in my sentiments or Forex Factory Explorer listing. (See charts below). Once the momentum and stochastic are in agreement (on ...

Trend Trading All Pairs

Analyze Your Sentiments Sentiment AUD Rates AUD/JPY - Sell AUD/USD - Sell CAD Rates CAD/JPY - Sell CHF Rates CNY Rates EUR Rates EUR/CHF - Buy EUR/GBP - Sell EUR/JPY - Buy EUR/SEK - Buy EUR/USD - Buy GBP Rates GBP/CHF - Buy GBP/JPY - Buy GBP/USD - ...

How do you choose what to trade?

I use information from current news, current pair performance and technical analysis, to rank the currencies.. Once that is established, I figure out strong and weak pairs for each currency starting with the strongest. For some time GBP has ...

How do you choose what to trade?

I agree with Post 425 regarding the use of stop loss.

Trading without stop-losses

Here is how I approach mutual currency hedging. First I figure out weak and strong pairings of currencies. Then I try as far as possible to balance the volumes of weak and strong trade for each currency. This allows double sided trading of each ...

hedging one currency pair with another