Forex Questions

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Q: I’m fairly good at cherry picking, what do I need to do to get better at longer trades that give me lots of pips? A: This is a pretty simple answer. 1) trade high time frames 2) do more analysis 3) have more patience and confidence in that you ...

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Q: How do you know if something is retracement or a true reversal of trend? A: very good question. This is where I have totally freaked out some of my members on how and where exactly I now where a trade is going to end up. The ADX will let ...

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Q: How do you know where to draw horizontal trend lines? A: The General Rule of thumb is to draw these lines from Higher Highs to Higher Lows / Highs to Higher Highs, and another set to Lower Highs to Lower Lows. Once plotted they will give you a general ...

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Q: Which MAs should you have on your screen for best analysis? recently you’ve mentioned the 8MA, so how many should we use? A: There really is no magic number, and one should really experiment with them, the ones I show in the videos are ones generally pretty good to ...

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Q: How do you know when exactly to jump in a trade when you see a golden cross? A: Generally it’s a good idea to use this strategy along side other indicators so you can get another confirmation of the buy or sell signal. Though if you’re going to use ...

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Q: If you had to use only one indicator, what would it be? A: Good question. I’ve tried probably close to 100 indicators. The problem with MOST indicators is that they’re not very accurate, or create a lag; a lag whereby I mean it produces a signal after a fact ...

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Q: Which time frame is best for smaller “cherry picking” trades, M15 perhaps? A: First, let’s describe what Cherry Picking is. Cherry Picking is almost on the borderline of Scalping. Scalping is where trades are either a) opened and closed within a 60 second period, or b) pip gains of ...

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Q: What is the best time of day to trade the EURO/USD, and, are there other currency pairs best trading hours somewhat the same as the EURO/USD? A: This all really depends on you. Do you want to trade UK, European & U.S.A Sessions? Or do you just want to ...

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Q: You recommend after closing a trade to rest or wait until you get the next signal to open another trade. Is this because it may be a false signal? A: That’s one of the reasons, but not the main reason. As time goes by and as you experiment with ...

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Q: When using the 14 day moving average and penetration signal how many pips do you wait before getting in? A: The 14 day moving average is just one of the many settings you can use. Note, when referring to the moving average, we’re being somewhat broad here in its ...

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