hi
[You]
22:27
Hi!
[Ojo Adebayo Oluwaseun]
22:29
i have tried Fx trading for some years now with no success
What really works in this market?
Can you kindly give me an insight?
[You]
22:31
it is complex!
check my blog:
http://trade-forex-questions-answers.blogspot.com/2010/11/my-journey-how-i-became-professional.html
[Ojo Adebayo Oluwaseun]
22:34
Hmm.....
I know it must be but aw can one get around the complexity
I know it must be but aw can one get around the complexity
[You]
22:36
I can work little bit with you, but at the moment I am busy...
[Ojo Adebayo Oluwaseun]
22:41
ok, i understand
22:42Ojo is offline.
23:11Ojo is online.
[You]
23:11
Hey!
I have time now for chat
[Ojo Adebayo Oluwaseun]
23:11
ok
i'm here with you
i saw your blog....it'sGreat
u'r lucky to meet a veteran
[You]
23:13
Yes I am very lucky...
So what is your trading strategy?
[Ojo Adebayo Oluwaseun]
23:14
av been moving from one form to another after trial with no consistent profit
right now i'm trying price action but i am yet to really understand it
[You]
23:16
Do you have your own trading strategy?
[Ojo Adebayo Oluwaseun]
23:16
trying to get one out of my price action study
but i use a combination of custom indicators in the past
no at the moment
[You]
23:17
how many years have you been trading?
[Ojo Adebayo Oluwaseun]
23:17
since 2005
but i'm self taught
av never attended any formal training
[You]
23:18
how many hours per a day have you been spending on Forex in the average?
[Ojo Adebayo Oluwaseun]
23:22
not much at the beginning because i was an undergraduate but since i graduated in 2008 i have been spending almost all my time on it
[You]
23:22
Have you ever see any trading strategy?
[Ojo Adebayo Oluwaseun]
23:22
yeah
[You]
23:23
OK!
Tell me all you know about that strategy!
[Ojo Adebayo Oluwaseun]
23:23
u mean the strategy i have used before?
[You]
23:24
I mean that one you know exactly.
[Ojo Adebayo Oluwaseun]
23:24
i know it worked well when there is a huge trend
[You]
23:24
ok
tell me the details
[Ojo Adebayo Oluwaseun]
23:24
but most times immediately it signals not long the market turns
[You]
23:24
yep!
[Ojo Adebayo Oluwaseun]
23:25
makes some pips initially then market reverses and take out stops
[You]
23:25
this isn't what I wanna to hear from you.
Tell me parameters
[Ojo Adebayo Oluwaseun]
23:26
u mean the components...the indicators and what makes up a trade entry signal
[You]
23:26
When you wish to trade that strategy first thing that you need to....
YES!
first thing:
[Ojo Adebayo Oluwaseun]
23:27
i wait for an entry signal
[You]
23:27
what is condition for entry signal?
[Ojo Adebayo Oluwaseun]
23:28
when there are confluence of red histogram on all the indicators
its a sell signal
i get an arrow on the chart
[You]
23:28
NO,NO,NO!!!
this is not a strategy!
this is signal provider software.
[Ojo Adebayo Oluwaseun]
23:29
so whats a strategy...please i need to know
yeah...
[You]
23:29
If you wish to see how strategy look like
wait
[Ojo Adebayo Oluwaseun]
23:30
ok
[You]
23:30
I will show you one simple strategy!
[Ojo Adebayo Oluwaseun]
23:30
ok
[You]
23:31
Look at this:
http://trade-forex-questions-answers.blogspot.com/2010/05/session-trading-strategy.html
Remember that Strategy is only a tool!!!
[Ojo Adebayo Oluwaseun]
23:32
ok, i have seen it
[You]
23:33
you must develop your own strategy, your own tool.
Because it would suit you!
[Ojo Adebayo Oluwaseun]
23:33
ok
[You]
23:34
This strategy will help you to see what factors you need to develop your own strategy!
There is another one ABC trend trading strategy
[Ojo Adebayo Oluwaseun]
23:34
can u explain what makes up a strategy?
[You]
23:35
http://dozvola1.blogspot.com/2010/04/abc-trend-trading-strategy.html
Yes I can explain very well!
to understand what is forex all about and how to create the strategy you must know this:
http://trade-forex-questions-answers.blogspot.com/2010/05/its-all-about-game.html
I have write my blog to help new traders...
you can find forum there and ask questions..
[Ojo Adebayo Oluwaseun]
23:37
ooh thats so nice of you
[You]
23:38
Thank you!
[Ojo Adebayo Oluwaseun]
23:42
which timeframme do you trade this methods
[You]
23:43
When you trade, you trade on all timeframes!
On monthly chart you can see what is going on with price, everything else is zoom!
[Ojo Adebayo Oluwaseun]
23:46
ooh i see
[You]
23:46
You must take all in consideration!
If you don't look at the monthly chart you will be surprised every six months.
I have say 6 months for example!
Have you read those text from blog?
[Ojo Adebayo Oluwaseun]
23:49
i'm on it
[You]
23:50
OK, I must go now,if you would have any questions it is free that you use my forum and ask a question.
[Ojo Adebayo Oluwaseun]
23:50
ok i'l. i really appreciate ur help
[You]
23:50
I have topic "Questions and answers"
[Ojo Adebayo Oluwaseun]
23:51
thanks a million!
[You]
23:51
Nice talking with you, come by....
see you on the forum in the future!
BY!
[Ojo Adebayo Oluwaseun]
23:51
yeah...bye
