Being a scalper one's worst enemy is habit, long term traders, and fundamental traders. Repetitive patterns can develop bad habits when you scalp the market, getting carried away by the perception the market will move repetitively at the same fluctuation level that can easily make you lost control of the real market direction. This is the natural habit of human being that must be put in control when you scalp the market.
Secondly the long-term traders can make any surprise move at any moment regardless of indicators position and direction when it reaches certain significant support and resistant level in the weekly or daily time frame. The volume of movement sometimes is so great that can wipe out any scalpers profits in a matter of minutes. This is because the long-term traders simply do not care much of using any indicators, and they setup their trade position as long as they think the market has reach the support and resistant level or (overbought oversold).
Thirdly the fundamental factors which is the instrument of the news traders. News happen anytime, even sometimes they are not listed into the economic calender. The news of war, natural disaster, or even minor economic news can affect the market movement significantly. As a result scalper often losing more because of the news as it happens out of sight and surprise.
So basically become a scalper can be a big disadvantage in forex trading especially when you trade the most turbulence market with the like of GBP-JPY, USD-JPY, EUR-JPY, CHF-JPY. 99% of your chances guarantee losing all your deposit in your trading account.
-----------------------------------
KIS 2010 (1 PC/1 Year) - $8.5
KIS 2010 (3 PC/1 Year) - $15
http://renew-antivirus.com
forex strategy | forex forecast | forex signal | forex signals | forex scalping | BCOUSD | Gold | XAUUSD | Brent Crude Oil | technical analysis | historical data
Sequence of Analysis
1. Let the market stretch
2. Support / Resistance
3. Price Actions
4. MACD / Stochastic
5. Overbought / oversold - two long candle (hourly / 4H / Daily
2. Support / Resistance
3. Price Actions
4. MACD / Stochastic
5. Overbought / oversold - two long candle (hourly / 4H / Daily
Subscribe to:
Post Comments (Atom)
Popular Posts
-
Trade result for EUR-USD and AUD-USD on the 4th June 2016 As expected the EUR-USD and AUD-USD should go for major correction after an ex...
-
Let's take a look at the historical chart of the major currencies traded in Forex over the course of 37 years period since 1978 until pr...
-
Strong bearish signal has pushed the EUR-USD deep to oversold position, but is it going to stop soon when the Euro Zone market open or conti...
-
MACD Settings:- First EMA = 12 | Second EMA = 26 | Signal EMA = 9 Stochastic Settings:- Period = 5 | Average Period Fast = 7 | Average Pe...
-
MACD Settings:- First EMA = 12 | Second EMA = 26 | Signal EMA = 9 Stochastic Settings:- Period = 5 | Average Period Fast = 7 | Average Pe...
-
MACD Settings:- First EMA = 12 | Second EMA = 26 | Signal EMA = 9 Stochastic Settings:- Period = 5 | Average Period Fast = 7 | Average Pe...
-
EUR-USD trading last Friday 19 Feb 2016. There is a strong sentiment the EUR-USD might be heading for major correction upside as the MACD an...
-
MACD Settings:- First EMA = 12 | Second EMA = 26 | Signal EMA = 9 Stochastic Settings:- Period = 5 | Average Period Fast = 7 | Average Perio...
-
MACD Settings:- First EMA = 12 | Second EMA = 26 | Signal EMA = 9 Stochastic Settings:- Period = 5 | Average Period Fast = 7 | Average Pe...
-
The movement is now totally out of hand. Volatility is unpredictable and yet it is vigorously moving up and down between support and resista...
No comments:
Post a Comment