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  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. #11
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    Me actually loves to trade in the Asian market session time ,i just see the mood of the trading market for the whole day and then see the news related to the pairs in the economic calendar and put trade orders open based on the moving averages and RSI indicator ,which really acts very nice to get some sure 10-15 pips in a consistent manner ,its all about the strategy and plan we are making and thus in any time traders can make money with sure trades.

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  3. #12
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    Quote Originally Posted by sameeh View Post
    timing of the trade depends on the conditions of the market, if the market is in a clear direction or in trend then this is a good chance for trading, but if the market goes in sideway so the conditions are not suitable for trading,i like to draw the trend first on daily time frame then trade according the direction on the lower time frames to ensure good trading.
    The condition of the market will surely determine what trading strategy and approach you would use. I have seen many times that I switch from a strategy to another because of what I saw in the market. And as the thread starter has made mention of catching bottoms or tops, that might be the approach of a trader, and that would depends on the candlesticks formation, and its maturity. I have my different approach though.

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  4. #13
    Trader techboy's Avatar
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    Quote Originally Posted by cozard007 View Post
    The condition of the market will surely determine what trading strategy and approach you would use. I have seen many times that I switch from a strategy to another because of what I saw in the market. And as the thread starter has made mention of catching bottoms or tops, that might be the approach of a trader, and that would depends on the candlesticks formation, and its maturity. I have my different approach though.
    Having different approach in any market condition or discretionary trading may not be good for most traders especially new one, I believe that a trader will have less pressure if he only adapts a specific strategy in his trading,but then again it is a matter of choice by trader.

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    " Trading is 70% Psychology, 15% Risk Management and 15% Strategy ! "

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    Quote Originally Posted by kalex76 View Post
    Me actually loves to trade in the Asian market session time ,i just see the mood of the trading market for the whole day and then see the news related to the pairs in the economic calendar and put trade orders open based on the moving averages and RSI indicator ,which really acts very nice to get some sure 10-15 pips in a consistent manner ,its all about the strategy and plan we are making and thus in any time traders can make money with sure trades.
    I prefer trading in the European session the market, I watched all pairs have good movement in the European session. including usd / jpy and aud / usd. and trading strategy I often give a signal in the European session. but I have to monitor the news as well. important we discipline on the trading rule and use money management

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  6. #15
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    Quote Originally Posted by ngalapreceh View Post
    I prefer trading in the European session the market, I watched all pairs have good movement in the European session. including usd / jpy and aud / usd. and trading strategy I often give a signal in the European session. but I have to monitor the news as well. important we discipline on the trading rule and use money management
    Money management is the important term everyone know well about it. A good trading session plus a good money management can bring good result in forex. I like to do mix trading in forex I do short and long term trading both. I think London session is a good choice. We can see good movement in London session

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  7. #16
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    Quote Originally Posted by forexlearner View Post
    Money management is the important term everyone know well about it. A good trading session plus a good money management can bring good result in forex. I like to do mix trading in forex I do short and long term trading both. I think London session is a good choice. We can see good movement in London session
    yes, my trading strategy is usually to give a signal in london open session. I trade with the trend. and market entry one time in one day. but sometimes I just wait and see. it depends on market conditions. trader just entered the market, if it has a signal of trading strategies. do not violate the rule of trading

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  8. #17
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    Quote Originally Posted by ngalapreceh View Post
    yes, my trading strategy is usually to give a signal in london open session. I trade with the trend. and market entry one time in one day. but sometimes I just wait and see. it depends on market conditions. trader just entered the market, if it has a signal of trading strategies. do not violate the rule of trading
    As a long term trader I not check about any session I always wait for a good entry point and after that I open my trades, but for a short term trader London session a good session for trading. There are many trader's and they have their our trading approaches and strategies. My timing of trading totally depend upon market patterns and support and resistance points

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  9. #18
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    Quote Originally Posted by Hukam View Post
    As a long term trader I not check about any session I always wait for a good entry point and after that I open my trades, but for a short term trader London session a good session for trading. There are many trader's and they have their our trading approaches and strategies. My timing of trading totally depend upon market patterns and support and resistance points
    [lang=id]support resistance is a good thing for making approaches to know the market condition, and it will make us know the time to enter the market and also exit from the market, and of course, we have to pay attention for some aspects to validation the analysis and make sure that we can get the right point[/lang]

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  10. #19
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    Quote Originally Posted by forexfighter007 View Post
    I do not think it is possible to time the market accurately. But we can learn from Roboforex forum and use the bonus first to learn how to make predictions.,It can help you to start and see how it is to trade on real market with real money.But i think it's not enough if you want more profit so you can invest your money then.
    You are probably right my brother, the market condition is varying all the time and it chances depending on the deans and supplies in the market, and the active traders present too. If i were to advice too, the bonus is not what i will use to learn this, but the demo account. Leaning starts form the grace root, and the best of this is the learning of demo.

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  11. #20
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    Quote Originally Posted by silverlady View Post
    You are probably right my brother, the market condition is varying all the time and it chances depending on the deans and supplies in the market, and the active traders present too. If i were to advice too, the bonus is not what i will use to learn this, but the demo account. Leaning starts form the grace root, and the best of this is the learning of demo.
    With learning it will be possible for a trader to start earning with Forex. Learning may be simple but its use is not simple. Trader learns from book , website and practically. Practical learning is better . there trader can know by problem and direct. It helps to earn money you said and also helps to get success.

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