Forex Trading Strategies – From Inversion Scalp to Inversion Setup

by admin on June 28, 2010

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{ 6 comments… read them below or add one }

BKTraderFx June 28, 2010 at 1:41 pm: @me2995 I watch only 1 timeframe. The longer term MA averages serve a guide for bias
me2995 June 28, 2010 at 2:12 pm: Hi Boris, when you are tradig from the smaler timeframes like 15 or 5m, do watch the larger tf’s too, like a 1 hour chart? Or do you only keep focus on that 1 timeframe?
BKTraderFx June 28, 2010 at 2:48 pm: @airplaneking You have to listen carefully. You take only half off at half risk and then trail the rest so on the second half you could make 2 or 3 times risk if you catch the move – that what we do at our BK service.
airplaneking June 28, 2010 at 3:02 pm: Using a risk/reward of 2:1 seems like a recipe for failure
BKTraderFx June 28, 2010 at 3:57 pm: @TimothyMcCready I just meant that it was derived from my work on scalping. The setup is definitely a swing.
TimothyMcCready June 28, 2010 at 4:33 pm: I gotta tell you – I am much more comfortable with this sort of trade (swing) than with the scalping you’ve covered in recent posts. I’m not certain why you refer to this as a derivative of the scalping trade method, though, since this seems like straight swing. But that quibble aside, thanks for looking at the greater risk/reward options.