Double Confirmation trading strategy! - Page 163
Page 163 of 166 FirstFirst ... 63113153159160161162163164165166 LastLast
Results 1,621 to 1,630 of 1653

Thread: Double Confirmation trading strategy!

  1. #1621
    It is important that we ensure that the two strategies used for confirming trades are both good and profitable and their ideology does not contradict each other as in the case of trend and countertrend strategies. We may use double confirmation when we like a thing like that, but it is not every trader that likes to trade with it. We find the double top pattern in the chart, then we are waiting for candlestick confirmation for the entry point for getting fruitful results.

  2. #1622
    We all know that their are many trading strategies which are effective for us and if we are use these patterns then within very short time period. we will earn some good earning on this market. we all need to make effort that how to find the market trend wth one trading strategy and then use another trading strategy to double confirmation about this market and make some big earning easily on this business.

  3. #1623
    Quote Originally Posted by Azka View Post
    It is important that we ensure that the two strategies used for confirming trades are both good and profitable and their ideology does not contradict each other as in the case of trend and countertrend strategies. We may use double confirmation when we like a thing like that, but it is not every trader that likes to trade with it. We find the double top pattern in the chart, then we are waiting for candlestick confirmation for the entry point for getting fruitful results.
    this is the least we can do to maximize our analysis with two strategies to work at the same time. always consider to get more confirmations each time we trade because it is our duty to keep our analysis has better quality over quantity. getting more confirmations is also better to do but may spend longer time and we could lose our current trading opportunities. as a forex trader, we must understand our own timing to trade by looking at market movements and our strategy to make the confirmations we need.

  4. #1624
    Trader
    Join Date
    Aug 2013
    Posts
    11,572
    double confirmation will make trading more strong and so the trader will be able to make money because trading will be more effective for him and less risky and so this will keep trading more safe always and so he will survive in the market for long time and will be able to make consistent profits easily and continuously and will not lose his money.

  5. #1625
    Always ensure that you double confirm before you pull that trigger because one could make losses for trading without checking for confirmation, double confirmation makes you to understand the real difference between trading blindly and checking before you enter any trade, it eliminate certain losses and increases your profitability in the long run.

  6. #1626
    Trader
    Join Date
    Dec 2016
    Posts
    1,794
    I love the double confirmation trading system but it is the experienced alone that will see the importance of this kind of trading system. If we really want profit from forex then we must need always double confirmation of market. If we trade with any strategy then we must need first open with small lot size then add more lot size with it and we can earn the reasonable amount of profit.

  7. #1627
    Trader
    Join Date
    Nov 2018
    Posts
    3,539
    The double confirmations strategies are the best way to get the earning also in the huge ratios but be sure we have the skills to manage the trade with that methods and good to cover the trade process very accurately and follow the market exact directions for place order in them then we can attain perfect results .

  8. #1628
    We never should open a single trade in hurry but wait for the right time when good signals are given by our strategy. Based on our strategy we get the confirmations with the chart patterns along with the next candle formation or even with some indicator. The signals should be strong enough for a trade to be opened, we should remember that there will be next chance too.

  9. #1629
    Trader
    Join Date
    Mar 2017
    Location
    Biafra
    Posts
    11,775
    Good confirmation have been helpful and its indeed one of the best ways for traders to follow a confirmed setup with the intention of making good profits from the market. Good confirmation will give us the advantage to follow such opportunities with confidence and see we can also plan our risk more better. The more a setup is confirmed, the chance that its likely to move as expected in this market.

  10. #1630
    The trading system they are using, they may not want to use the double confirmation to work and when traders are sure of themselves and Trading is a risky business, you can only become successful with the experience with that been said, you should have more time, and you should be able to confirm the trade before taking it, however we all do have the different trading methods been used in confirmation of a trade.
    Trade with your eyes and not trading with what you wish impossible

Page 163 of 166 FirstFirst ... 63113153159160161162163164165166 LastLast

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •