#21 EXACTLY how I trade 03 HD
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Uploader Comments (orionmachine)
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All Comments (5)
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I hate too much indis and MAs and stuff
Your style is good!
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Absolutely, as all markets generate movement from the psychology of humans. Unfortunately, in futures, 1 contract of Orange Juice is like a few grand.... position sizing for the "Little guy" is extremely limited.
Not only is it technical, it is statistical. You are ALWAYS on the right side of the trade and therefore have the possibility of experiencing, huge moves in your favor, but never against you. The numbers are on your side.
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Your strategy seems purely technical, I am curious if you think it would be just as effective for other trading, i.e. stocks or commodities.
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Ahh, one more question...i see that you use a 14 period WMA in the chart. For what is it good?
greetings
GrummelGrammel 2 years ago
To be honest, I don't even remember how it got on there. and to be quite literal, I do not even see it anymore. People keep asking me about it, but its of no use to me, other than the chart feels too naked without it. Purely cosmetic to me.
orionmachine 2 years ago
lol ok then i will cancel it.
Thanks for your reply!
GrummelGrammel 2 years ago
you will notice though, that price on certain time-frames seems to use it as support, but that's a little too superstitious for me... just be yourself though. Have you ever seen a rainbow chart? they are sweet looking. basically a crap load of different period MA's with different colors. Look up cyrox simple scalping.
orionmachine 2 years ago
Hi Orion,
thank you for the great videos!! I learn a lot from them.
Because of my small trading cash i found in the FX market a good place to begin and your style is very intersting and effective.
I have one question, where do you look for the news to come out? I also would like to implement these news lines in the chart so i can be cautious when trading.
Thanks a lot and have a nice time
greetings from Munich : )
GrummelGrammel 2 years ago
i reference my news from a few different sources, mainly ForexFactory and alert!FX.
orionmachine 2 years ago