Monday, 22 April 2019


F Forex Course

Tips to operate than we must never forget

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1)      NO reading financial newspapers or economic news published in other newspapers to not poison our minds and so keep it clean for trading. Today there are many media that give us information such excess scattering, very easily, making our attention very difficult to distinguish between the important and the superfluous.
2)      Use minimal technical indicators.
3)      NO will operate during the first 15 minutes of the market.
4)      At the entrances at the market, search retests (attack zones) in the designated levels. In entries to "long" the price rests on the level acting as support. Entries to "short" the price hits (below) acting as a resistance level.
5)      The maximum stop will be 2 points.
6)      NEVER to enter between levels, only when the price reaches them.
7)      We will use the 1 minute chart to see the retests and 3 minutes to wait for it to form two candles before operating. If the price retests and we goes over 1.50 points more/less, DO NOT enter, and if not retests and passes quickly level in more than 0.75 points, not enter. The margin take to enter the market will be at most about 0.75 points of the corresponding level.
8)      To enter the market always we do so from the 1 minute chart.
9)      In days of high volatility, if the price goes over 0.75 points level, you have to "see" the main trend of the market before entering. We can go in the direction of the main trend and take advantage of the inertia of the price to get at most 1 or 1.50 points (no more) and get out, always and when we see that volume accompanies to the movement.
10)   You can enter the market at the opening (15:30 hours) looking for the "deception" (?) Only in the first 15 minutes entering in against as the open market, provided that any data has been known previously or important news , define, unequivocally, the price trend on the day.
11)   If there are 2 levels close together, the twist you can do in the middle, on one level or another level.
12)   It is very important the "timing" (the time in which we operate), so you will always be attentive to it. Schedules with a high percentage of rotation are: 16:00, 17:00 and 21:00 hours
13)   It is not advisable to enter near the publication of an information or notifies importantly for the uncontrolled volatility that takes place (to see "News that influence on the market")
14)   NO is advisable to enter the future expiration week (3rd Friday of the last month of March, June, September and December).
15)   NOT enter the market near the appearance of the Fed.
16)   Where exit a position? - Option a): In the "stop" / "limited" established to enter the market. - Option b): When we are profitably place a "stop" / "limited" at the same price of input, in such a way that or we get benefit or close at the price of entry - Option c): Find the highest level (being longer) or lower (being short) if we see that the price is braked or see a double top or a double bottom, we close the position. - Option d) Take the benefits that there is in that one moment.
17)   Averaging only if the input is in benefits.
18)   Enter a trade and allow at least 10 minutes.
19)   It should be marked, MUST, daily goals of profit and loss
20)   Bring proper money management.
21)   If we enter and leave the market with limited orders we save ourselves the cuartillo (0.25) that the spread takes from us.
22)   If we jump 1 stop, close the day - if we make a positive, closed the day - if we make two trades, we close the day.
23)   Statistically, weekdays behave as follows: - Monday: Bullish (more bullish than bearish on Friday). - Tuesday: minimally bullish. - Wednesday: slightly bullish. - Thursday: bearish. - Friday: more bearish.
24)   Organize your operation.
25)   We must have a method, know it and follow it with discipline.
26)  Keep a record of the trades made.
27)   Maintain a positive attitude always, no matter how much you lose, always and when we operate with a monetary management adapted to our possibilities.
28) Do not carry the market to any site (it disconnects when you stop to operate).
29) The success of traders is to isolate themselves from the opinions of others.
30) We will continually strive to have patience, perseverance, determination and rational use.
31) Limit losses - always use stops!
32) Always place the stop at the time of entering the market.
33) Never cancel a stop order after placing it.
34) Never enter the market when you are anxious waiting.
35) Avoid entering or leaving the market too often.
36) The losses make scholar to the trader, not the benefits. We must take advantage of every loss to improve our knowledge of market.
37) The most difficult task in trading is not prediction, if not our self-control. The Trading success is difficult and frustrating. We are the most important element in the equation for success.
38) Maintaining the discipline after determining a set of rules to follow.
39) No allow NEVER that a winning position should turn in loser. Close position if the market moves against 20% of benefits.
40) Divide the benefits in half and never risk more than 50% of them back into the market.
41) Know yourself. The key to success in the marketplace is to know itself and our point of stress.
42) Exercise discipline. The difference between winners and losers is not so much natural ability as is discipline exercised to avoid errors.
43) Accept failure as a step towards victory.
44) Have ever had a loss? Forget it quickly. Have you had a profit? Forget it faster still. Don't let that ego and greed impede clear thinking and hard work.
45) The deepest secret for the trader is to have his will subordinated to the will of the market. The market is the truth that reflects all the forces that move. While the trader recognizes it, it will be safe. If it ignores it is lost and doomed.
46) Remember that it is much easier to open a position that close it.
47) If a market doesn't do what you think you should do, get out immediately.
48 °) In a narrow market not makes sense trying to anticipate what will be the next great movement upward or downward.
49 °) Remain out of the market is a position.
50) Lose your opinion, not you money.
51) Assimilates in depth a set of rules of trading that work for you.
52) When the boat begins to sink, don't pray... jump!
54) NEVER leave open a position, necessarily must have a stop loss.  
Erick Gálvez
Author: Erick GálvezWebsite: http://www.asdforex..comEmail: This email address is being protected from spambots. You need JavaScript enabled to view it.
ASDForex manager and professional trader since 2008. I am also manager where you can view the services that I give
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