I have been trading for about a Year and a Half. I started out with Moving Averages probably like everyone else. I actually had some luck if I had the patients and was lucky enough to be at my computer when the Market moved.
( I start work at 6:30 AM Mountain so if I get there early I catch the NY Open) I lucked out or else I probably would have been discouraged and quit.
Then
I became a victim of James and Team Forex, 5 Minute Forex didnt work for me and at least 4 or 5 tricked me into paying them as well as giving me bogus calls. I took a couple months off and let it rest.
Since then I have been addicted to the Market although in the past couple weeks I am starting to finally feel like I can make it.
(Go on Bear Share and search for Forex, Trading and anything else you want. Only download the Videos and Ebooks.)
For a couple months I have been studying the the 5 minute charts, Tops and Bottoms, Reversal Candles, Bars you know the drill.
In the past couple weeks I switched back to the first Indicator I was introduced to.
The EMA Crosses hourly chart, and have been studying every indicator I can think of to identify the real moves and eliminate Wipsaw. Be it by more selective entries or a quicker indicator of the Whip once your in.
Does anyone know of a good indicator to idendify the Whipsaw?
Am I crazy for thinking its this easy? In the past 3 weeks I have blown up on paper by using Alert FX to notify me of the Cross and using just Common Sense and hard learned lessons to get in and out. Many 100 point moves even more 50 point moves.
Anyone been here?
( I start work at 6:30 AM Mountain so if I get there early I catch the NY Open) I lucked out or else I probably would have been discouraged and quit.
Then
I became a victim of James and Team Forex, 5 Minute Forex didnt work for me and at least 4 or 5 tricked me into paying them as well as giving me bogus calls. I took a couple months off and let it rest.
Since then I have been addicted to the Market although in the past couple weeks I am starting to finally feel like I can make it.
(Go on Bear Share and search for Forex, Trading and anything else you want. Only download the Videos and Ebooks.)
For a couple months I have been studying the the 5 minute charts, Tops and Bottoms, Reversal Candles, Bars you know the drill.
In the past couple weeks I switched back to the first Indicator I was introduced to.
The EMA Crosses hourly chart, and have been studying every indicator I can think of to identify the real moves and eliminate Wipsaw. Be it by more selective entries or a quicker indicator of the Whip once your in.
Does anyone know of a good indicator to idendify the Whipsaw?
Am I crazy for thinking its this easy? In the past 3 weeks I have blown up on paper by using Alert FX to notify me of the Cross and using just Common Sense and hard learned lessons to get in and out. Many 100 point moves even more 50 point moves.
Anyone been here?