Comments on: Paralysis by Analysis in Forex Trading http://blogs.fxstreet.com/fxpath/2009/06/30/paralysis-by-analysis-in-forex-trading/ Technical Trading Tips and Techniques by James Chen, Chief Technical Analyst, at FX Solutions Sun, 22 Nov 2009 14:11:49 +0000 http://wordpress.org/?v=2.5.1 By: James Chen http://blogs.fxstreet.com/fxpath/2009/06/30/paralysis-by-analysis-in-forex-trading/#comment-3570 James Chen Fri, 03 Jul 2009 14:41:21 +0000 http://blogs.fxstreet.com/fxpath/?p=820#comment-3570 Hi Dr. Schrenk, Yes, I agree with you wholeheartedly. Thanks for visiting and for your keen advice to traders! James Chen Hi Dr. Schrenk,

Yes, I agree with you wholeheartedly. Thanks for visiting and for your keen advice to traders!

James Chen

]]> By: Dr.A.Schrenk http://blogs.fxstreet.com/fxpath/2009/06/30/paralysis-by-analysis-in-forex-trading/#comment-3568 Dr.A.Schrenk Fri, 03 Jul 2009 13:07:34 +0000 http://blogs.fxstreet.com/fxpath/?p=820#comment-3568 I couldnt agree more with this article. Newbie traders looking for the holy gral indicator should know that the only holy gral in forex trading is money management and logical trading setups. With logical setups i mean, if its an indicator that brings you in a trade, its the same indiactor that brings you out of the trade (and not a pip value!). If a trendline break brings you in a trade, you are out and only out if the trendline is broken again and makes your setup invalid. If a MACD histogram increase brings you in a trade, only a MACD histogram decrease under your entry level brings you out of the trade, (and not a 50 pip SL that you set for example) I couldnt agree more with this article. Newbie traders looking for the holy gral indicator should know that the only holy gral in forex trading is money management and logical trading setups. With logical setups i mean, if its an indicator that brings you in a trade, its the same indiactor that brings you out of the trade (and not a pip value!). If a trendline break brings you in a trade, you are out and only out if the trendline is broken again and makes your setup invalid. If a MACD histogram increase brings you in a trade, only a MACD histogram decrease under your entry level brings you out of the trade, (and not a 50 pip SL that you set for example)

]]> By: James Chen http://blogs.fxstreet.com/fxpath/2009/06/30/paralysis-by-analysis-in-forex-trading/#comment-3508 James Chen Tue, 30 Jun 2009 19:57:17 +0000 http://blogs.fxstreet.com/fxpath/?p=820#comment-3508 Hi Dr. Sivaraman, Thanks so much for visiting and for your comments! Keep up the great work on your excellent blog (http://blogs.fxstreet.com/marketreadings/)! Thanks, James Chen Hi Dr. Sivaraman,

Thanks so much for visiting and for your comments! Keep up the great work on your excellent blog (http://blogs.fxstreet.com/marketreadings/)!

Thanks,
James Chen

]]> By: Dr. S. Sivaraman http://blogs.fxstreet.com/fxpath/2009/06/30/paralysis-by-analysis-in-forex-trading/#comment-3506 Dr. S. Sivaraman Tue, 30 Jun 2009 16:25:11 +0000 http://blogs.fxstreet.com/fxpath/?p=820#comment-3506 Dear James Chen A practical advice you have given.This happens during trebd reversal time - when resistance becomes support or support becomes resistance. Thanks for your thoughtful suggestions. Regards Dr.Sivaraman Dear James Chen
A practical advice you have given.This happens during trebd reversal time - when resistance becomes support or support becomes resistance.
Thanks for your thoughtful suggestions.
Regards
Dr.Sivaraman

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