Forex Trading – How to Pick Tops and Bottoms Properly

by admin on June 27, 2010


Get forex trading signals with www.bkforexadvisors.com, learn to trade forex and get forex trading strategies from Boris Schlossberg Kathy Lien

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Tags: forex tops and bottoms, forex top and bottom indicator, tbhunter fx indicator, Picking tops and bottoms, picking top and botttom, picking top and bottom in fx trading strategy

{ 6 comments… read them below or add one }

GrummelGrammel June 27, 2010 at 10:39 am

Hello BK,
thank you for your videos!

What programm do you use for your equity curve shown in the video?

Thanks a lot

BKTraderFx June 27, 2010 at 11:05 am

Everything I describe I trade with my own money in REAL time – that why I use Oanda which marks my trades so that no one can accuse me of just cherry picking the charts. As you you can in the video I get stopped out a lot. But in the end this strategy made 75 points last week and I posted the equity curve to show its progress.

I welcome any critique you may have- but next time try to make your argument on facts and analysis, rather than just broad generalities.

BKTraderFx June 27, 2010 at 11:32 am

tech you are entitled to your opinion – but your criticism of the strategy is totally without merit.
I suggest you actually LISTEN to the video instead of bloviate about the “risk” in the FX market.

Of course this is a low reward strategy – but it is also a low risk strategy because it uses very tight 10-15 point stops. If you abandon that key component of the strategy then you will do doubt blow up.

techn0genius June 27, 2010 at 12:26 pm

And it all looks so good when u can say u buy in retrospect… Someone who is good at this would already have sold it on it’s way down… And never trade using 5 mins charts… Unless you’re a scalper, trying to scalp 5-10 pips each trade… only to be wiped out in a trade again you… Nothing against you Boris. I love to read your views and analysis, but I wouldn’t trade with you or your strategies. Sorry about that.

techn0genius June 27, 2010 at 12:52 pm

I think this strategy is totally useless… Looking at 5min charts?! You’re looking at only 10-20pips for your profit? That’s pretty lame when you consider the risk in the forex market. Bollinger bands rarely provide any useful guidance in runaway markets of 200-300 pips. I would wait a long time before I use this in my own setup. Esp. to buy when it break from the lower band?! And how do you determine the key “00″ levels? This is a super-risky “strategy”; if you can call it a “strategy”…

Maida Tagle April 19, 2011 at 8:05 am

Very good blog! Do you have any suggestions for aspiring writers? I’m planning to start my own website soon but I’m a little lost on everything. Would you suggest starting with a free platform like Wordpress or go for a paid option? There are so many options out there that I’m totally confused .. Any recommendations? Thank you!

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