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25 Responses to “FOREX Training – Timing Your FOREX Trades Pt 2”
Wayne tell me 1 … Wayne tell me 1 thing, the time MACD crosses for sell, stochs always comes in oversold position, When stochs reaches back in overbrought region, MACD changes its course. And till this time prices also touches Fibonacci retracement levels, so how to trade with this method?
This is the first … This is the first tech video i watch from Wayne, i have visited FXBootcamp, did not sign up. this video, and objectivity has peaked my interest again. if you”ve been in the FX trenches for a while, u know that there are many ways to trade, but there is always a way to improve. i will certainly watch the rest of the series. i started to make money when i realized that i had to trade what everyone else was seeing not some obscure system/technique. Wayne seems to show that!
Since I basket … Since I basket trade a lot, I need a quick way to manage my stops. Therefore, I always (for spot and scalps) use a 50 pip stop loss, but use it only for catestrophic failure such as power outages or an act of god. I will NOT get stopped out. I will EXIT a trade if the trade plot fails, such as a moving average or MACD crossover against my plot. I get out for profit or loss and cancel my stop order. Longer term trades like swings or carries may have double the stoploss with half the lots.
Since I basket … Since I basket trade a lot, I need a quick way to manage my stops. Therefore, I always (for spot and scalps) use a 50 pip stop loss, but use it only for catestrophic failure such as power outages or an act of god. I will NOT get stopped out. I will EXIT a trade if the trade plot fails, such as a moving average or MACD crossover against my plot. I get out for profit or loss and cancel my stop order. Longer term trades like swings or carries may have double the stoploss with half the lots.
Hey Wayne, is it … Hey Wayne, is it really that simple to get real pips? I find that setting stop loss is the most tough part without getting taken out.
Could you give us some thoughts based on setting stops?
Thanks, cheers.
clarify why you … clarify why you waited for a repeat of the stochastics to say oversold on 20.19 min. I would have went long the first time- but you waited for a second confirmation then? to get that 100 pip spread.
Fantastic video wayne! … Fantastic video wayne! But how do you choose where to place your stop loss? I presume you apply certain rules for that…thanks for this clear and useful analysis!
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Wayne tell me 1 …
Wayne tell me 1 thing, the time MACD crosses for sell, stochs always comes in oversold position, When stochs reaches back in overbrought region, MACD changes its course. And till this time prices also touches Fibonacci retracement levels, so how to trade with this method?
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thanks wayne, i …
thanks wayne, i manage to get 300 pip using this techniques.
Fantastic video, thanks!
Fantastic video, thanks!
I am in the …
I am in the learning process but i like who Wane does teach us how to trade. Keep up the excellent work.
@IamTheTuna
@IamTheTuna
LOL! It’s not ” …
LOL! It’s not “YOUR DOG” he said “Imagine you are dog fighting” meaning you’re in combat… you crack me up!
Thank you, Wayne
Thank you, Wayne
lol 14:20 imagine ” …
lol 14:20 imagine “your dog” fighting in a fighter plane… wtf is my dog doing in a fighter plane ?
This is the first …
This is the first tech video i watch from Wayne, i have visited FXBootcamp, did not sign up. this video, and objectivity has peaked my interest again. if you”ve been in the FX trenches for a while, u know that there are many ways to trade, but there is always a way to improve. i will certainly watch the rest of the series. i started to make money when i realized that i had to trade what everyone else was seeing not some obscure system/technique. Wayne seems to show that!
Brilliant …
Brilliant explanation, clear and practical
A new robot coming …
A new robot coming out in December 2009 called 4xGreed gonna be hot
thanks again
thanks again
Brilliant video …
Brilliant video Wane, i liked the top gun analogy LOL… Thank you…
We as traders tend …
We as traders tend to make this really hard. These videos bring us back to the basics which are SO vital. Thanks Wayne.
Patrick L
like it!
like it!
Since I basket …
Since I basket trade a lot, I need a quick way to manage my stops. Therefore, I always (for spot and scalps) use a 50 pip stop loss, but use it only for catestrophic failure such as power outages or an act of god. I will NOT get stopped out. I will EXIT a trade if the trade plot fails, such as a moving average or MACD crossover against my plot. I get out for profit or loss and cancel my stop order. Longer term trades like swings or carries may have double the stoploss with half the lots.
Since I basket …
Since I basket trade a lot, I need a quick way to manage my stops. Therefore, I always (for spot and scalps) use a 50 pip stop loss, but use it only for catestrophic failure such as power outages or an act of god. I will NOT get stopped out. I will EXIT a trade if the trade plot fails, such as a moving average or MACD crossover against my plot. I get out for profit or loss and cancel my stop order. Longer term trades like swings or carries may have double the stoploss with half the lots.
Hey Wayne, is it …
Hey Wayne, is it really that simple to get real pips? I find that setting stop loss is the most tough part without getting taken out.
Could you give us some thoughts based on setting stops?
Thanks, cheers.
cool
cool
clarify why you …
clarify why you waited for a repeat of the stochastics to say oversold on 20.19 min. I would have went long the first time- but you waited for a second confirmation then? to get that 100 pip spread.
Wayne – thanks for …
Wayne – thanks for sharing the videos !!- I bought the book- brilliant
Thanks Wayne.Very …
Thanks Wayne.Very excellent videos.
I am playing forex for about half year.From 10K at start I made about 1M. It’s a fantastic market that changed my life.
Fantastic video wayne! …
Fantastic video wayne! But how do you choose where to place your stop loss? I presume you apply certain rules for that…thanks for this clear and useful analysis!