Take Socrates To Your Forex Trading Course-www.ppp444.com

Currency-Trading Now that we have been introduced to the wisdom of the great philosopher Socrates, we are ready to take a closer look at the Forex trading course offered by Mr. Kishore M He has developed a strategy known as “Instant PIP Profit” and he prefers to use it on a 5 min and 15 min chart. He likes to trade crosses like EUR/JPY, AUD/JPY and EUR/ CHF. Are you starting to get excited? Let’s not get too carried away! Knowledge can be great but remembering the dangers involved will also be something we shall keep in mind as we progress. To begin, Mr. Kishore M like to use Bollinger Bands to find a trend. He determines an upward trend when a price candle reaches something “close” to the lower Bollinger band and he shows an example on a five minute chart. When the price turns back up again on a second white candle, Mr. Kishore M counsels us that this is a buy signal. If the lowest candle actually hits the lower Bollinger Band, this is the best signal. You can also use the “close” strategy when you see a candle that almost hits. After it hits, the next candle should be white and, according to Mr. Kishore M, any white candle is acceptable. This looks like a simple strategy with a lot of promise. Taking Socrates along for the ride, any trader might benefit from watching Mr. M’s video and considering a few pointers as they watch. Mr. Kishore M says, for example, that you can also use the RSI and CCI indicators when you determine your entry points on a trade. He says they should also “go up” when you are planning to enter a long position or “buy.” Still, he makes the point that this is only “optional”. Just as Socrates knew many years ago, the problem with .plex strategies that employ many technical indicators is that you rarely get such a perfect signal. You also can’t be sure about anything in the absolute sense. This is likely the reason why Mr. Kishore M presents the RSI and CCI indicators as “optional.” As traders, we could wait over a month on a daily chart to see an entry point like this and we still wouldn’t be sure we had a perfect entry point. When it’s time to take a chance, Mr. Kishore M suggests we dive in and get some experience! To be more cautious, Mr. Kishore M does insist that the Stochastic indicator should always be used in his trading strategy. This indicator line should appear at the bottom or near “20” and the Parabolic SAR should also be below the price. Mr. Kishore M indicates this in his first example when he points to the Stochastic and Parabolic SAR indicators. It all looks very clear like a strategy that would likely prove profitable in many cases. For those who aren’t familiar with Parabolic SAR, this just means that the dots are below the price on the chart. Wait for this to happen and Mr. Kishore M would counsel you that it is “ok” to enter. Check out the next article when we take Socrates along for another journey and find out whether or not Mr. Kishore M’s exit strategy will really work for us. Remember, as you study this Forex trading course, that knowledge can sometimes be deceptive and make you think you know a lot more than you really do! About the Author: 相关的主题文章:

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