Success In Trading

Success in trading is all about consistency and to achieve that we must follow the golden rules.

These are:

1 Only take the best opportunities.

2 Always minimize risk. Taking only low risk
opportunities is part of this.

3 Use good Money Management.

4 Have the discipline to follow these rules, especially the first one. It is all too easy to get over-confident and take anything you see. You soon lose your shirt that way. “Only the best is good enough for our trading!”is a good motto to follow.
You can’t learn how to do it without doing it.

© Forex Factory

Friday, February 27, 2009

Volume Trade

  • Selling Climax Day is volume expands by at least 20 percent or more compare with before and other. Selling Climax day is not the buy signal, buy signal occur the test of the low of the the selling Climax day with at lest 8 percent shrinkage in volume, follow by a close above the low of the selling climax day.
  • False break out, volume shrink by 8% on break to new high.Sell signal triggered on close below previous high.
  • tested previous low on 3% less volume with implies decline should continue.
  • 3% to 8 % no trade.
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