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Thread: Timing of your trade

  1. #1
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    Timing of your trade

    Hi traders!

    In this article, I’d like to talk about practical application of time parameter in trading. Jim Dalton (author of “Markets in profile”) once had said: “When we put price, time and volume together, we get value”. Though we don’t have reliable information about volumes in Forex trading, we nevertheless can combine price with time and make important conclusions about real trend in the market.

    The easiest way to apply time parameter is to observe duration of correctional moves in comparision to duration of impulses. As many traders analyse charts (not market profile), they can measure angle between impulse and correction. The more acute this angle is, the less potential market has to sustain it’s directional move.

    Attachment 12145

    Attachment 12146

    Think about every movement in terms of price and value - if price is not returing to value (say, we have obtuse angle between impulse and correction), we more than likely have price discovery - market is searching for balance. It advertises higher and higher, and this process can continue for a while (several days).

    Contrarily, if we have acute angle - we see that market probably has to advertise lower every time to attract buyers (demand is not aggressive enough to step in at higher prices). More often than not, it is indication of mature trend, ready to transform to trading range if not to reverse or correct.

    And you can not only analyse existing visual structure of the chart, you can anticipate it’s future structure. For example - if you have trend represented in the sequence of ascending days without any correction or even consolidation, you automatically know that angle between impulse and correction will tend to be acute - so, if you will observe very small correction (and obtuse angle), odds are very high that such correctional low will be violated within a current or a next day.

    Attachment 12147

    Do you try to catch bottoms/tops?

    Another important clue for a trader. Many, if not 80-90% of traders do the same thing over and over again. They try to trade a reversal before market is ready to reverse. In other words, it’s much more likely that market will first change it’s direction from descending (for example) to sideways, and only after that it can reverse.

    Recent example is shown below. One of students of my educational group had noticed that GBPUSD was possible ready to go up. But considering that sideways action usually lasts 2-3 times longer than trending action, we could avoid placing a long trade in the spot shown on the screenshot, at least before ascending trend is confirmed.

    Attachment 12148

    Important note: If trading range is long enough, and lasts about 2-3 weeks, we can be more aggressive in our directional trading - we might not even wair for confimation and place trades inside of a range. In such circumstances timing will help us to anticipate trending move.

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  2. #1511
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    when we learn trade we learn many things we learn how to trade and what timing is better for us, in time frame its normal for newbies small time frames are better, with higher experience we can use higher time frame but as i am trading i think smaller time frames are more good and easy, we can use it and can earn some good profitable pips, smaller time frame are more accurate in case of prediction i think

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  3. #1512
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    Quote Originally Posted by touqir View Post
    when we learn trade we learn many things we learn how to trade and what timing is better for us, in time frame its normal for newbies small time frames are better, with higher experience we can use higher time frame but as i am trading i think smaller time frames are more good and easy, we can use it and can earn some good profitable pips, smaller time frame are more accurate in case of prediction i think
    Learning and implementation of what we learn makes us a strong trader provided we show enough dedication for our trading work. Market is not so simple that just looking at the price movement will give us necessary clues to trade. Actually there is no specifically right or wrong time to trade, so when we can see an opportunity through our strategy and find we can utilize it, thats the best time to trade.

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  4. #1513
    Trader Sascha's Avatar
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    Quote Originally Posted by Abhishekwala View Post
    Learning and implementation of what we learn makes us a strong trader provided we show enough dedication for our trading work. Market is not so simple that just looking at the price movement will give us necessary clues to trade. Actually there is no specifically right or wrong time to trade, so when we can see an opportunity through our strategy and find we can utilize it, thats the best time to trade.
    when the time has come for us to trade, we must focus to market and obey to our trading rules. that's what happen to our timing and we better not to waste it because it doesn't come often. patience is our best friend to watch market for possible opportunities and get our timing with the help of our strategy too. put away those bad feeling or hesitation of trading because whenever we're sure it's our timing to trade, we must enter.

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  5. #1514
    Trader Senorita's Avatar
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    An experienced trader understand the importance of timing in their trade. Good timing is necessary here and its what can give traders the very chance to be trading at the right time and making the best exit plans at the right time. The wrong timing could be very risky and could however bring about huge loss for a trader in forex. If we can't make plans to a build a great trade, we will trade in the wrong time and we will face difficulties when it comes to making profits.

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  6. #1515
    Trader Sascha's Avatar
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    Quote Originally Posted by Senorita View Post
    An experienced trader understand the importance of timing in their trade. Good timing is necessary here and its what can give traders the very chance to be trading at the right time and making the best exit plans at the right time. The wrong timing could be very risky and could however bring about huge loss for a trader in forex. If we can't make plans to a build a great trade, we will trade in the wrong time and we will face difficulties when it comes to making profits.
    good traders has good habit to stay patience to wait for opportunity to come instead of making their own signals and trade blindly by forcing themselves with weak patterns and indications from their strategies. timing of trading is all about how good we can hold ourself to look at market's strong signal to take with our strategy. once the opportunities lies before our eyes, we can enter to market and trade them accordingly.

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  7. #1516
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    Quote Originally Posted by Sascha View Post
    good traders has good habit to stay patience to wait for opportunity to come instead of making their own signals and trade blindly by forcing themselves with weak patterns and indications from their strategies. timing of trading is all about how good we can hold ourself to look at market's strong signal to take with our strategy. once the opportunities lies before our eyes, we can enter to market and trade them accordingly.
    actually everyone have own personal behavior and personal things, i believe we can do better trade if we have patience, if we wait and wait it tell us about something well about market, actually when we know about market we can follow it, actually when we wait market clearly give us signal, so make sure you know how to trade and how to place right order, and how to manage it, so give it time i am sure it will give us good money in back

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  8. #1517
    Trader ola4real's Avatar
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    Quote Originally Posted by Senorita View Post
    An experienced trader understand the importance of timing in their trade. Good timing is necessary here and its what can give traders the very chance to be trading at the right time and making the best exit plans at the right time. The wrong timing could be very risky and could however bring about huge loss for a trader in forex. If we can't make plans to a build a great trade, we will trade in the wrong time and we will face difficulties when it comes to making profits.
    Timing is good in every aspect of life, it is good in business and all the related subjects. Forex traders who have a good trading strategy may not look at the timing much, but to some specific forex traders, they will watch their timing, so that they will not miss the important forex sessions in whom they regularly see a good forex signals on the daily basis. This might give them the opportunity to strike at the right entry point.

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