Which is the best strategy for you ?

This is a discussion on Which is the best strategy for you ? within the General Trading Chat forums, part of the Reception category; I've only had the forex account up and running this week so small up but lets call that beginners luck! ...

View Poll Results: Which is the best strategy for you ?
Entering after the pullback ( go with the trend either long or short ) 29 50.00%
Trying to pick bottoms and tops ( reversal ) 12 20.69%
Playing breakouts ( breaking critical points ) 17 29.31%
Voters: 58. You may not vote on this poll

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Old Nov 4, 2008, 8:45pm   #17
 
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I've only had the forex account up and running this week so small up but lets call that beginners luck!

i worked in the city for about 8 years so i had a grounding in stocks so i stick to what i know, but i usually have a few stocks i watch and add a few more to the list that are making new highs/lows in the day, basically trying to find the ones that move.

I do like the DIBS method, it's simple and so obvious that you almost feel its too easy to work, some of the time you're taking a hit but mostly your wins should more than make up for your losses.

And

it should really work in any market, Indices, FX, Oil, Gold etc

maybe a few more for the demo account once i'm confident with cable!
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Old Nov 4, 2008, 9:27pm   #18
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Originally Posted by foredog View Post
I've only had the forex account up and running this week so small up but lets call that beginners luck!

i worked in the city for about 8 years so i had a grounding in stocks so i stick to what i know, but i usually have a few stocks i watch and add a few more to the list that are making new highs/lows in the day, basically trying to find the ones that move.

I do like the DIBS method, it's simple and so obvious that you almost feel its too easy to work, some of the time you're taking a hit but mostly your wins should more than make up for your losses.

And

it should really work in any market, Indices, FX, Oil, Gold etc

maybe a few more for the demo account once i'm confident with cable!
Ya its really is simple but good. I havent tried it on other markets but think il try some demo's like yourself. the hardest part by far is exits, and ofcourse not exiting being the main thing! Good pip'n!

Shane
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Old Nov 6, 2008, 1:50pm   #19
 
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I like using price breaks! and patterns but i also using a filter so i dont get caught in head fakes or flase break out. You can use the trend and reveral bars but i guess it comes down to timing! Or having too many indicators
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Old Jan 18, 2009, 9:58pm   #20
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tar started this thread update .....
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Old Jan 19, 2009, 6:29am   #21
 
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i pick bottoms i love the stench on my fingers and under my nails
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Old Jan 19, 2009, 10:12am   #22
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tar started this thread most traders choose the pullback choice in the poll ,, how we know this is a pullback not a reversal ...
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Old Jan 19, 2009, 1:30pm   #23
 
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Originally Posted by BSD View Post
Hi BSD, do you use this strategy mainly on a specific security or is just as probable for all of them?

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Old Jan 19, 2009, 2:25pm   #24
 
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It should work with any instrument, although it may work better on different time frames depending on your chosen instrument
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