Day Trading & Forex Forum

vectorC

hello all

edw123

Hello all , first time here, any good suggestion where to start for forex strategy? Thxs!

wasp

The best ever forex strategy, ie the holy grail...........

12 months of a dozen pairs on metatrader watched for every hour you are awake. Preferably on your own with nothing but pencil and a pad of paper.

Serious.

sadhiq.trading

Hi Traders!!!!

This is Sadhiq. I'm a day trader. I trade US equities n i'm relatively new to trading. I commit the basic mistakes dat an amatuer does wen he starts off. I overtrade and sometimes get affected emotionally. I started off well a year back. Making 4k-5k a month regularly for abt 5-6 months. Initially i traded only a few stocks like fcx, pcu, nyx, etc. But all off a sudden i started losing money badly. I've been losing money quiet consistently for the past 4 months. Because a trade for another firm, they've reduced my stop loss to $500 a day( the maximum I cud lose in a day).
Now i'v stopped trading particular stocks and started trading earnings and news. But i wud request experienced traders to guide me on the kind of stocks i shud trade everyday, the analysis I should do to find the right stocks and the strategies I shud use to come out of the mistakes that i do. Also guide me on the position size i shud take because often i take a big position and any negative movement triggers my stop. For Eg., I traded WFMI yestersay. I shorted 1500 shares of it at 29.50 because i thought it was very weak on bad earnings report the previous day. I got stopped out wen it went to 29.90. But i was livid with myself wen i saw the stock falling to 29.00 after getting me stopped out. These are the kind of common mistakes dat I do. I wud request traders to help me out wid my mistakes and enable me to become a better and a consistent trader. Thnx.

firewalker99

If you're going to trade stocks, it might be best to decide first if you want to approach this through a more economic/fundamental approach or through a technical approach.

There are several forums around here which tackle each issue.

See also here http://www.trade2win.com/boards/trad...-analysis.html

Then there are people, like me, who believe the news isn't all that important.
See for example here http://www.trade2win.com/boards/gene...ighlight=chart

tradermonkey

I trade the e-mini s&p and use a website to get the free value areas (My Trading Network under free), does anyone else use value areas? I know there are two types vol and tpo. I have read Mind over Markets and it mostly talks about tpo value area. Anyone have any ideas?

rathcoole_exile

great tool, thanks for the tip, I love the look of their daily fact sheet. I've saved a shortcut on my desktop, it's going to save me alot of daily work.
cheers !

docc1

iI'd like to know if one can purchase shares in the dow itself, and then trade them out the same day.

many thanx for your help!!

docc1