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Intra day forex trading 2016

The above chart shows the first positive signal in detail, the fast MA crossed quickly down over the slow MA and the trend MA, generating the signal.
Notice how the price moved quickly away from the trend MA and stayed below it signifying a strong trend.

Intra-Day Traders | Investopedia

Only one question:
Living in England, the closing day is late, can lo do it first thing in the morning? but you loose the break to see things more clearly.
Any suggestions?

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Forex traders are predictable. As a general rule of thumb all traders go through the same education, use the same trading strategies, and use the same software and indicators. While each strategy has its own small differences, the majority generate the same losing results and this is undeniable. If this weren 8767 t true wouldn 8767 t we see a success rate higher than 5%? Therefore while the strategies differ, the outcome and thus trades tend to be in large part the same which explains why the outcome of retail traders tends to be the same. Because of this the banks are well aware of how to get retail traders to enter the market.

AceTrader - Best Intra-day Forex Trading Strategies

Setup #8 on the chart
Once again, the momentum is now overbought and the price is forming a clear resistance. A trader will be marking this area as bearish and switching to intraday charts to seek a bearish reversal pattern.

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While it may work a few times, averaging down will inevitably lead to a large loss or margin call , as a trend can sustain itself longer than a trader can stay liquid - especially if more capital is being added as the position moves further out of the money.

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I 655% agree with Nial! I used to trade the 5-minute charts and lost 55% of my trading capital a few years ago. Why such traders like George Soros, Peter L. Brandt or William J. O 8767 Neil do only trade off of the daily and weekly charts?! Even on the 9-hour charts, you have 6 times as much false signals as on the daily charts. I also prefer quality over quantity. Since I only trade off of the daily and weekly charts. I make 8 trades on EUR/USD, 66 trades on AUD/USD, 8 trades on USD/JPY, 9 trades on XAU/USD and 66 trades on USD/CAD on average per year.

The settings I suggested will generate signals that will allow you to follow a trend if one begins without short price fluctuations violating the signal.

The "wannabe" trader tries to predict the next market move. The successful trader has a plan of action no matter which way the market moves.

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