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    Page 167 of 334 FirstFirst ... 162 165 166 167 168 169 172 ... LastLast
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    Thread: Interlock's trading journal

    1. #1661
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      Zigzag strategy is very famous and common in traders. when we trade for short or medium term then this strategy help us a lot to trade successfully and make handsome profits at daily basis. I think we can also use this strategy with smaller time frames and increase then chances of good opportunities. with bigger time frames the number of opportunities start decreasing which is not good sign.
      I think this strategy is much better for Eur/Usd and Usd/Chf, but you can also use it with other currency pairs and also for Commodity trading.
      If you can Dream it, You can do it
      Be Bold and Take Risk


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    3. #1662
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      Quote Originally Posted by simisola View Post
      It is unfortunate to see our dear brother lose his account again for the umpteen time to a large lot size, this problem is like a monster, the more you feed the greed in your, the more it grows and we must ensure that we kill it by all means necessary because if we don't handle and tame this bad habit, it will take us to make loss more.
      It is quite sad but then we that are here observing should be able to gain something from his experience, the majority of traders hardly learn because they think they are not susceptible to losing their account which I believe is wrong.
      Quote Originally Posted by remmy View Post
      there is no miracle to safeguard ones trading account other than the use of a good money management. traders who think they can do away with this and still succeed are just wasting their time. we need to accept reality and move on to progress.
      Yes mate, no miracle can save account that is not protected by stop loss and this could be done in the charts or maybe by having an alarm in our mentality that when price hits a certain level, we will close the trade immediately.
      Quote Originally Posted by uduak18 View Post
      well no one is above margin call but we must try our best not to be crucified as a result of not using the stop loss. should one fail to use the stop loss, then very good money management should be in place. something like using 0.05% in real trading.
      Margin call is not something we lack control over, but our greed just stands in our way and make us see the market as a game that can always be won irrespective of the rules that we choose to abide by whether good or bad.
      Quote Originally Posted by flexilot8 View Post
      i accept the fact that all traders use the stop loss at one point or the other. those who do not preset it cut losses manually which serves the same purpose. no serious forex trader wants to see floating losses graduate to margin calls.
      Lack of stop loss mentality can wipe your account without mercy, this mindset should be embedded in us so that we can have some safeguard against Losing everything in the account we use for trading.
      Quote Originally Posted by loveyo View Post
      Well and I think margin call is the part of Forex business. I also agree if we can use Forex tools on trading then we can avoid margin call easily. I think if we can achieve proper knowledge, proper analysis, follow good money management, follow risk management, use Forex tools and discipline on trading then we may success and we can protect our account easily other wise we face loss that's true. Wish you best of luck. Thank you.
      You are entitled to your opinion but I do believe it is wrong to say that margin call is part of the business, we can do everything in our power to prevent it from happening.
      Quote Originally Posted by Oghale View Post
      We should not accept mediocrity as part of life, because when we attempt to say that margin call is a part of the forex business it means that we are making excuses for what is wrong and this would have a negative mindset on us, let's not accept what is obviously bad as the right thing, trading is suppose to be done with a calm mentality because we know that once we lose our account, it will become a painful experience that will be followed by many regrets for this event.
      Bro you are so right, being a mediocre is bad, we are to think and act proactively so as to stop some negative things from taking place in our trading career.


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    5. #1663
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      Quote Originally Posted by I'm Trader View Post
      Zigzag strategy is very famous and common in traders. when we trade for short or medium term then this strategy help us a lot to trade successfully and make handsome profits at daily basis. I think we can also use this strategy with smaller time frames and increase then chances of good opportunities. with bigger time frames the number of opportunities start decreasing which is not good sign.
      I think this strategy is much better for Eur/Usd and Usd/Chf, but you can also use it with other currency pairs and also for Commodity trading.
      Have you used this indicator before mate, because you just said it is a common indicator that traders use, on the whole of this journal section, I have only seen two people trading with it as part of their strategy, Interlock and moderator NikitaBelle, that means those that are applying it generally are few if we are to go by this statistics, also the scaring part of this tool is that it redraw itself most of the time.


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    7. #1664
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      Quote Originally Posted by I'm Trader View Post
      Zigzag strategy is very famous and common in traders. when we trade for short or medium term then this strategy help us a lot to trade successfully and make handsome profits at daily basis. I think we can also use this strategy with smaller time frames and increase then chances of good opportunities. with bigger time frames the number of opportunities start decreasing which is not good sign.
      I think this strategy is much better for Eur/Usd and Usd/Chf, but you can also use it with other currency pairs and also for Commodity trading.
      I see you are more expert from your comment. Do you have any experience with this strategy? I mean how long time you used this strategy? Is it possible to share your experience with us? Actually i am not getting any benefit with this strategy. So that i am trying to making my own strategy right now. I see others strategy can be workable on that time when we have good knowledge on that. But getting good knowledge is take longer time. In this time we can easily develop our own strategy.


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    9. #1665
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      Zigzag indicator is very simple, although you will not achieve much if you are using it with the smaller time frames, it is only those that apply its setting to the four hours and above that will truly reap the benefits that comes from it, the market can be really deceptive and like someone has rightly said, it usually redraw a lot, so be careful.


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    11. #1666
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      Quote Originally Posted by Oghale View Post
      We should not accept mediocrity as part of life, because when we attempt to say that margin call is a part of the forex business it means that we are making excuses for what is wrong and this would have a negative mindset on us, let's not accept what is obviously bad as the right thing, trading is suppose to be done with a calm mentality because we know that once we lose our account, it will become a painful experience that will be followed by many regrets for this event.
      Loss is part of this business but never margin call! Margin call can utterly be avoided in this business, it is not easy, but it is very possible for traders not to blow their accounts the first months of trading. I wonder how traders can afford to lose their accounts over and over again., and some do this because of the bonus and those that do not invest big money. It takes rock solid discipline, patience, and sound knowledge to avoid a margin call, and traders need to give it what it takes and not accept margin call as "normal".


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    13. #1667
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      Quote Originally Posted by Timon View Post
      Zigzag indicator is very simple, although you will not achieve much if you are using it with the smaller time frames, it is only those that apply its setting to the four hours and above that will truly reap the benefits that comes from it, the market can be really deceptive and like someone has rightly said, it usually redraw a lot, so be careful.
      Using zigzag can be very nice this is a fact, but truth is that using it with smaller time frame can be very dangerous and gives fake moves all the time, so it's best we use it with higher time frame, as of course using it all alone to determine our trade is not that wise, we Need to develop it with another indicator that we understand and that is not that complicated.


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      I wonder how traders can afford to lose their accounts over and over again.
      I used to be there! Hahahaha!!!! When I could lose my trading account each month due to poor trading decisions such as using high trading lots, lack of patience and inability to develop good trading skill or master my trading strategy. The worse is that we keep repeating it every month in and out without changing it, but if you ever want to start seeing change in your results then you must change yourself!
      Wisdom Is The Ability To Apply Knowledge And Experience To Any Given Situation.
      If you do not take control of your risks then you lose control of your trades


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    17. #1669
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      Quote Originally Posted by Timon View Post
      Zigzag indicator is very simple, although you will not achieve much if you are using it with the smaller time frames, it is only those that apply its setting to the four hours and above that will truly reap the benefits that comes from it, the market can be really deceptive and like someone has rightly said, it usually redraw a lot, so be careful.
      I prefer trading with the long time frame,that does not mean that those using the shorter time frame do not make it here,most times those who trade from the short time frame are mostly scalpers,that is why if you do not know how to scalp i will tell you you do not have any business with trading short time frames,that is one reason i do not trade it because it is just too stressful and time consuming.


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      Quote Originally Posted by Timon View Post
      Zigzag indicator is very simple, although you will not achieve much if you are using it with the smaller time frames, it is only those that apply its setting to the four hours and above that will truly reap the benefits that comes from it, the market can be really deceptive and like someone has rightly said, it usually redraw a lot, so be careful.
      I think every indicator can be sample if you can use it with proper way and for getting proper way you need to have good knowledge on that, but if you dont have good knowledge then you will not use that properly which means that will not help you anymore, so before trying to use any indicator you should understand that properly after that you should try it on your demo account.


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