Should we or should we not take this trade?

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Thread: Should we or should we not take this trade?

  1. #1
    Member asiaforexmentor's Avatar
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    Default Should we or should we not take this trade?

    Should we or should we not take this trade?
    Forex trading strategies – Should we or should we not take this trade?

    Today’s post is one of the forex trading questions that i got over the weekend which i thought would be helpful to share


    Question:
    I spotted a pin bar pointing down with the 150ema supporting the
    cadjpy. The daily chart seem to be heading down but the weekly chart seem to be going
    up. In these case, is it safe to sell as the day seems to be heading down
    although the weekly still seems to be pointing up?
    My Reply:
    No, when i trade the daily forex chart, i will make sure the daily and the weekly are
    in the same side of the trend.
    Although its a price action pin bar off the 150, but the pin bar looks too small to
    take away the strength of the uptrend. I may be wrong on this, but given the
    small pin and the weekly uptrend. i will skip this trade.

    Forex Trading Strategies – Here’s the recent Forex chart update on CadJpy


    Follow up:
    True enough, the price action pin bar failed to take price down and its stoploss was triggered. Had we placed our stoploss at the top of the pin, we would have gotten stop out.
    Take away Tip:
    Pin bars happen & form all the time, it is by picking the right ones to trade in. There are several criterias which we use to call for a good trade and that is taught in our Winning Asia Forex Mentor Price Action Forex Course.

    Ezekiel Chew
    Asia's #1 Forex Mentor
    Asia Forex Mentor's forex course is now FREE!

    A complete professional forex trading system that even newbies can apply instantly.

  2. #2
    Moderator hunter's Avatar
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    yes off course we can take this trade and can win money

  3. #3
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    i think that is the better for the traders to earn the money and that is the good for the traders to use that

  4. #4
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    This is helpful.....
    i think taking this trade is more reliable other ten waiting

  5. #5
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    We should adopt forex trading. it can bring earning to u s at home base. it is better than any online business. I develop my skill toward trading to get profits. It is for every type of trader . If their talent meet this business they can do good in trading. They can leave it any time if they are not successful in forex trading.

  6. #6
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    You should learn how to calculate the long term this way can help you to earn during trading.

  7. #7
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    i do not take this trade ha ha ha i am fail

  8. #8
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    I should take this trade .I am getting learning in forex and will try forex for years to see my performance. In start I can not make a good amount , I am not afraid of it. My struggle will do good for me so I am ready to take risk of trading.

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    Generally, we the traders select our trading pair according to our trading experience. In my trading career, I am extremely dependable on EUR due to its slow motions. But, for increasing my trading performance, I like to trade various trading currencies pair. From my trading platform MXTrade, I am able to trade spot metal and CFDs besides 50 up major currencies.

  10. #10
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    in ro ham eslah kon:
    In my view we should always be deciding things by our own experience, it is silly to go with what other says or think, it is generally a concept that lead us into losses only, so that’s why we got to be having our own judgment. I trade with OctaFX broker and there I can always ride my own view which is especially to do with their superb rebate program which allows me earn 15 dollars profits per lot size trade even on losing trades.

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