1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Help!!! Reinforcement

Discussion in 'General Forex Talk' started by gbengazzee Nigeria, Dec 5, 2007.

  1. gbengazzee Nigeria

    Joined:
    Dec 3, 2007
    Messages:
    6
    Likes Received:
    0
    Can anyone help me, i've been trading on some technical indicators putting me on loss at all trades.

    Can anyone help wit technical indicators for profit tradng.

    I'm Loyal.
     
  2. Pharaoh

    Pharaoh Colonel

    Joined:
    Oct 3, 2007
    Messages:
    19,657
    Likes Received:
    2,204
    There are several options:

    1. Trade the opposite way from what your indicators say. :D

    2. Look at how the losses occur. Are your stop losses set too close? Are you following technicals right before a big news release?

    3. Check one or two timeframes up to look at the larger trend. Don't trade against it unless you are good at countertrend trades. Check one or two timeframes down to try to spot potential reversals before entering the trade.

    4. Consider changing to different technical indicators. Some indicators work better than others. Some work well under some market conditions and not others.
     
  3. gbengazzee Nigeria

    Joined:
    Dec 3, 2007
    Messages:
    6
    Likes Received:
    0
    Thanks for your advice is great having u.
     

Share This Page