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Debriefing podcast “Technology Trade in the five-minute”
by admin ·
If someone news that I recorded a video tutorial about trading the five-minute, you are welcome to view it – Technology trade at five-minute .
For the rest, I am writing this post to discuss and consider all points of contention that I could tell in the podcast. Someone does not want to read a fairly large number of comments under the entry with video, so I summarized everything I lay here. Moreover, some questions in the comments were not discussed.
To start with the simplest, yet in the video I promised, that will create a second video, which will analyze the hourly and daily charts. This was the first question: when you see a second video? – Nothing would definitely say now I can not. I do not have now a special flood of emotions, that is to begin recording their second video tutorial, and the entire reason for the fact that I feel about what I would say it would not want to make a paraphrase of books on technical analysis, all of them have already re-read. But the video tutorial I did write down, fall or winter.
Now for the more serious things. The most important observation, I think the question of the ratio of potential income to the size of the stop. In the podcast I said that profit in the amount of 10-15-20 points is a normal profit, but said what kind of foot size should then be used. I also said that the potential profit must be greater than the stop, and here lies the whole point. I recovered, trading within the day, the size of the stop and the potential profit may be equal to, above all do not bend the foot size of a big party. So, from my readers was a huge surprise, as you can set foot in the amount of 10-15 points, everyone will say that its noise will carry. And I answer, that five-minute viewing, living with them, you can find such moments, these entry points, which can greatly increase the chances of taking the profit, rather than catching stop.
We must go where the market is in motion and if the assumption be true, then as soon as profits begin to grow, you need to pull the stop closer to no loss. I’m not saying that it is immediately put in without a loss, as only a temporary profit of 2-3 points, but when profit grows to 7-10 points, to go into minus the current transaction is not permissible, it is necessary to close to zero, if all unfold, hands or even close to any current profit if a combination of candle cast doubt on the future movement in our direction.
Another question was why the five-minute? Why not pyatnadtsatiminutka, poluchasovka, chasovka or even a minute? I answer that, on each of the time intervals can be selected signal to the input, but for myself, I concluded that pyatnadtsatiminutki little information to enter, but on minute chart too much fuss and candle signal virtually have no power, so I and selected five-minute. This is what I like, you can try any other interval, can be for you it will be easier. But in each of the timeframes have their own nuances, which are not mentioned in the books, to which you want to get yourself literally feel them.
And finally, I have also heard many times that it was “suicide” to trade at five-minute, so who wrote it, I want only one thing – good luck in trading on the timeframe that they use.
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- My main technical and psychological problems, or thinking out loud
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Tags: Forex, techniques, Technology, trading
