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Thread: The use of filters and common sense in trade strategy

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    Super Moderator Gulfstream's Avatar
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    The use of filters and common sense in trade strategy

    Here we’ll talk about how the simple and available filters and our common sense can make the uncomplicated trade strategy with the 50/50 profit minus spread turn into the effective one that is to make the balance 50/50 lean towards you.
    Well, let’s begin.

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    Quote Originally Posted by Toyen View Post
    I like the traders that are not just using their trading strategy, they are using the strategy with their common sense, this will go far in helping the trader better. There are many bad days for some traders due to the fact that they will be relying on what their strategy can do for them alone, they have forgotten that there is necessity for filtering, it can help us a lot.
    It is not what is right to use our trading strategy alone, we will be like those traders that are trading blindly, that is not good. Trading with the commonsense along with the trading strategy we are using is a very good choice, we will get to secure a better trading system this way. We will have to make the analysis on the good strategies as well.

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  3. #2282
    Trader Silhouette's Avatar
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    Quote Originally Posted by ajagbeolegba View Post
    It is not what is right to use our trading strategy alone, we will be like those traders that are trading blindly, that is not good. Trading with the commonsense along with the trading strategy we are using is a very good choice, we will get to secure a better trading system this way. We will have to make the analysis on the good strategies as well.
    Then in complete setups traders are using their trading system which includes not only the strategy but also more things such as psychological control, money and risk management too. I always include everything that's related to traders emotions with psychology and follow the managements to help our trading become safe and consistently done according to the rules.

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    rules made to be followed, not to be broken

  4. #2283
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    It is very important that as traders we take time to learn to use common sense when trading sometimes in this market,there are times that we will have signals but through the use of common sense we know for a fact that we should not be taking such trades in the market,filter is also very important,and filter can be an indicator.

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  5. #2284
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    Trading is not all about a good strategy or good trading skills, despite all this important basics aspect without common sense we still cannot trade and succeed, we must make use of common sense before we can trade forex well, without common sense in you trading you will still lose most of the trades that you so much trust.

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  6. #2285
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    One of the most effective common sense to make use of in the field of forex trading market is the use of the good money management which is the main key towards and this common sense makes you to understand that risks is the main reason we have been blowing out our trading accounts and as such it is through making sure that we minimize it that would lead us into success because we would get to last in this trading business and making money would be made a lot easy over time.

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  7. #2286
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    Quote Originally Posted by stanlon View Post
    Trading is not all about a good strategy or good trading skills, despite all this important basics aspect without common sense we still cannot trade and succeed, we must make use of common sense before we can trade forex well, without common sense in you trading you will still lose most of the trades that you so much trust.
    Common sense is naturally there in all but when we have experience we can actually apply our common sense in trading. There are many things about common sense, even taking high risks or expecting too much profits in a short time is not common sense. Not just in Forex, but in every work common sense is very important otherwise we might be facing a lot of unwanted issues.

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    Trader Azis Muslim's Avatar
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    Quote Originally Posted by MIGHTYRAMESH View Post
    Common sense is naturally there in all but when we have experience we can actually apply our common sense in trading. There are many things about common sense, even taking high risks or expecting too much profits in a short time is not common sense. Not just in Forex, but in every work common sense is very important otherwise we might be facing a lot of unwanted issues.
    Experiences explains everything well in this business as long as traders are using their time to learn properly without intentionally losing their money for their own reason of losing it. I take my common sense as my logical thinking. The way I see things inside market would be different compared to other traders because I am learning to focus my trading from whatever chart provides without getting any outsides references such as news or signals.

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    Trader Doge's Avatar
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    I think most of the rules of a trading strategy should be a "filter" type - that is more like a minimum condition to consider a trade than a bounding rule. And when enough technical rules are fulfilled a further free-text uncategorized analysis should be made, including everything we can possibly see about the current market situation. The decision whether the trade be taken or skipped should be taken based on that analysis.

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    Wow. Much Forex. So Monies. Very Opportunity.Many Trade. So Amazed. Wow.

  10. #2289
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    In forex trading, we must maintain a good situation with our logic to make our analysis become reasonable and sensible. As a newbie trader trader there are several strategies that we follow wrongly in this business of which leads us to stop out in the market. Keep in mind that common sense is one of the major needs of Forex trading and you need to be mentally peaceful during trading to take good decisions.

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  11. #2290
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    We have the liberty to trade anyways but for our own sake, we need to learn a strategy and act on that. We should take on the chance to build a profitable system and know for sure that good learning is a good one for us. Keep in mind that Common sense will help us identify why we must dedicate our time to learning about this business because without the very right knowledge.

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