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- mickey99 replied Jun 2, 2014
I think part of the problem is that a lot of traders look at a chart and think, what's going to happen next, I think it's a big mistake, you should have your own setups that you trade and wait for them to appear, forget about other peoples views, ...
- mickey99 replied Jun 2, 2014
That's one of the problems, you just don't know until you have traded it, it's always a game of probabilities, and increasing the probability of being in a good trade.
- mickey99 replied Jun 2, 2014
I think the market has a random element and at times it's more random than at other times, and I do think that it is more random between levels, and this is where patience comes in, you have to wait until the price has moved to a point that you ...
- mickey99 replied Jun 2, 2014
The 'tell' that I've been studying and starting to apply to my trading is simply wait for it to move, when the market makes a sharp strong move in a direction I wait for a shallow pullback and then go with that direction. My thoughts behind it are, ...
- mickey99 replied May 20, 2014
So you've got the basics, it's kind of something like do while something if this then do this end if end do edit an existing indicator in MT4, any of the standard one's and edit it, change a few variables and see what happens, then post on here see ...
- mickey99 replied May 20, 2014
Have you any programming experience?
- mickey99 replied May 20, 2014
It doesn't matter to me if scalpers make money or not, I don;t care how much money other people make or loose, what I care about is if I can sustain a living by trading forex.
- mickey99 replied Apr 19, 2014
Thanks, I think I've got it, what I mean is that I've been looking at this kind of thing, but working on pinning it down, and this looks like a plan.
- mickey99 replied Apr 19, 2014
I like this approach, it's one I'm looking into, I try and make sure we are not in a range, and also look for shallower replacements after breaking out, I'm thinking of one simple strategy over multiple pairs and pick the best opportunity.
- mickey99 replied Apr 19, 2014
Another important factor to take into account when back testing is when there were major new announcements, this often seems to be forgotten, and there were some major events with regards to the EURO, all this is not seen on the charts.
- mickey99 replied Apr 17, 2014
I've been at it for years, too long really, my psychology is more or less there, I stopped for a few months and did other things, and it has helped. Always remember your own goals, if someone else is claiming to make millions, dont worry about it, ...
- mickey99 replied Apr 17, 2014
When I started out, I was trying to scalp on the 5m / 15m charts, sometimes I would have successful periods, and reasonably long ones, a month of scalping successfully, then boom, half of my account gone in a few days, so I think it is profitable, ...
- mickey99 replied Apr 15, 2014
Could be a messy and long for a short.
- mickey99 replied Apr 15, 2014
Looking at a potential long to follow the trend from the 50% support and resistance at around 1.6700, the trend may be weakening though it has been in a range a little too long, but it's a trade idea, I will be patient for the moment.
- mickey99 replied Apr 14, 2014
Sell half your trade when it's as much in pip profit as it would be a loss when it hits your SL, then take part profits if your trade keeps going.
- Posts by Member Search: 'mickey99'