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Full of Articles - Your Forex Trading Style - The Spider Or The Cat Approach?
Forex trading is a very individual activity and each trader has a particular Forex trading style depending on their personality type.
Being able to objectively analyze our own trading style is a great asset. W
Being able to objectively analyze our own trading style is a great asset. W
According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product
e can then develop our style into a more consistent trading method by identifying positive and negative characteristics. The following analogy from the natural world is a tool we can use for self-analysis.
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
he Cat Versus the Spider
What's the difference?
Cat's Chase Their Prey
Cats by instinct chase their prey. They may stalk for a while and then pounce and chase, following their prey.
Applied to th
What's the difference?
Cat's Chase Their Prey
Cats by instinct chase their prey. They may stalk for a while and then pounce and chase, following their prey.
Applied to th
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
e foreign exchange markets, this type of Forex trading style involves watching for a price breakout or a substantial move in one direction and then joining it, effectively chasing the market.
Some traders like
Some traders like
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
to have this confirmation that price is definitely moving in a particular direction before joining the momentum.
Spider's Net Their Prey
A spider on the other hand spins a web and patiently waits for t
Spider's Net Their Prey
A spider on the other hand spins a web and patiently waits for t
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
e prey to come to them. The unsuspecting fly gets caught in the net and the spider gets a meal.
This analogy, as applied to a Forex trading style, exemplifies the trader who carefully examines price action in
This analogy, as applied to a Forex trading style, exemplifies the trader who carefully examines price action in
ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc
relation to previous support and resistance levels and anticipates where price is going to stall.
This trader now places an entry order at the strategic level and waits for price to come to them. When it does
This trader now places an entry order at the strategic level and waits for price to come to them. When it does
easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi
nd fails to break through, instead retracing or bouncing, the trader gets paid!
Advantages Of The Spider Forex Trading Style
While many traders are successful in going with the momentum there are decid
Advantages Of The Spider Forex Trading Style
While many traders are successful in going with the momentum there are decid
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
d advantages to the spider method.
Entering a trade once price has already moved in a certain direction by 20 or 30 pips exposes one to the risk of a retracement. A bigger stop is necessary to cover the possib
Entering a trade once price has already moved in a certain direction by 20 or 30 pips exposes one to the risk of a retracement. A bigger stop is necessary to cover the possib
and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ
ility that price may go back 20 or 30 pips to retest a previous line of support or resistance.
Also, price may abruptly stop just after we enter a trade moving rapidly in one direction and then retrace taking
Also, price may abruptly stop just after we enter a trade moving rapidly in one direction and then retrace taking
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
ut the stop for a loss.
On the other hand, after carefully assessing major lines of support and resistance by looking at the higher time frames and seeing where price highs and lows have been over the last few
On the other hand, after carefully assessing major lines of support and resistance by looking at the higher time frames and seeing where price highs and lows have been over the last few
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
days, we can predict where price is likely to stall or retrace.
Using Fibonacci calculations along with pivot points we can sometimes see 2 or 3 layers of support and resistance. If price has already moved a s
Using Fibonacci calculations along with pivot points we can sometimes see 2 or 3 layers of support and resistance. If price has already moved a s
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
ubstantial number of pips during the trading session, it is likely to stall at a key support resistance level. Entering a trade at this point means we can set a smaller stop and we are nearer to getting our pro
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
it.
On the other hand, price may have moved a substantial number of pips, perhaps 30 or 40 in one direction, and is now retracing. By looking at the previous high or low, and by using Fibonacci, especially the
On the other hand, price may have moved a substantial number of pips, perhaps 30 or 40 in one direction, and is now retracing. By looking at the previous high or low, and by using Fibonacci, especially the
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
50% retracement level, we can predict how far price is likely to retrace before continuing in the direction of the trend.
Submitting an entry order to get into the market at that key retracement level often me
Submitting an entry order to get into the market at that key retracement level often me
t?
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
ans we can set the stop just 20 to 25 pips away, beyond the price swing or high for safety, and collect a good profit of 25-40 pips at the Fibonacci 127% extension level.
The One That Gets Away
Of cour
The One That Gets Away
Of cour
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
e, the spider will sometimes see a powerful fly go straight through the web and knock a hole in it! That's the one that got away.
The spider Forex trading style will sometimes see price go straight through a s
The spider Forex trading style will sometimes see price go straight through a s
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
rong support or resistance level and not hesitate at all. Again, that's the one that got away!
However, more often than not, price will react at key support and resistance levels. By adopting a patient waiting
However, more often than not, price will react at key support and resistance levels. By adopting a patient waiting
.
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
attitude, allowing price to come to you rather than chasing it, a safer trading approach can be developed, one that can contribute to consistent substantial profits in the long run.
Once you have identified y
Once you have identified y
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
ur personal Forex trading style, see if there are lessons you can learn and adjustments you can make using the cat and spider analogy. Try to develop the habit of netting your profits as opposed to chasing them
tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
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