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- Supernaut replied Mar 29, 2013
I should add another 2 cents. First of all I'm trading (mostly) in similar fashion like you. Set-and-forget and 4h charts. That gives me plenty of time to follow what's going on. About setup. I like the short, if breakout candle goes straight into ...
- Supernaut replied Mar 28, 2013
My very brief 2 cents. Overall conclusion: would never short. GL. image
- Supernaut replied Oct 16, 2012
Oh yeah. Got also burnt by this setup.
- Supernaut replied Oct 8, 2012
Agree. Japan is already out and so will be US today. A good day to take trading lightly. And in general I don't personally like taking trades before Frankfurt open or even better London open.
- Supernaut replied Oct 6, 2012
Actually no. That looks to me like a second time back in that area and once more would make it three already. Initial supply level was created Dec 13, 2011. It went back there during Dec 21, same year and Sep 19, 2012. And frankly I don't like the ...
- Supernaut replied Oct 6, 2012
LJ, I want to a question. How to you treat correlation. Lets say you have eurusd, gbpusd and audusd approaching similar demand level (same structure and time). Do you trade just one pair, or split the risk and trade all of them. Or maybe treat all ...
- Supernaut replied Oct 5, 2012
Based on my experience it's possible. I actually haven't made so much, but I consider myself as an average trader at best and I'm not risking much. A better trader who takes more risk could average around 20% per month.
- Supernaut replied Oct 4, 2012
Currently checking out how decision points work out on a very small timeframes. This usdjpy is interesting. Noticed a breakout on 15m chart, yesterday. Drew some lines on 1m chart. Today it dropped like rock into that small 1m demand level and ...
- Supernaut replied Oct 2, 2012
Thank you very much, sir. A superb explanation.
- Supernaut replied Oct 1, 2012
I'm somewhat new to those decision points on a very small timeframes. So do you actually take a trade like this from 1 minute chart and with a 4-5 pip stoploss? I mean... I have decent results trading S/D on a higher timeframes, but shorting like ...
- Supernaut replied Oct 1, 2012
Only a moral win for me, I'm a afraid. Missed the entry by the fraction of a pip. But these things happen.
- Supernaut replied Sep 30, 2012
A remarkable thread I must say. Wanted to share a current EURUSD setup and ask your opinion, guys. Looking to get long around 1.2800 and 1.2775. Market has been trending down and consuming supply. Now we will face the first serious demand area. Also ...
- Supernaut replied Sep 30, 2012
Spot on. But 3% per trade for a total novice is way too much risk. Novice traders should start with 1% and increase risk only after they have good results trading live and are actually comfortable with more risk. And their stats actually allow more ...
- Supernaut replied Sep 28, 2012
That's also a good point. And not just forums and media, but also books. This brings to another very important point: time management while learning FX. How much time you should devote to reading books, educational websites and forums? How much time ...
- Supernaut replied Sep 27, 2012
1. Prepare to sweat and BLEED! It's a very hard way to make easy money. 2. Don't waste your time on indicators. Learn to read the price only for the first 6-12 months. You can always add indicators later, if you really wish. There are several Price ...
- Supernaut replied Aug 1, 2012
Week 31: Day 3 Pre-London Update — Eurusd position was stopped out. Market looks pretty strong right now. Eurgbp would have been a very nice trade, but missed the entry by 2-3 pips. Idea was correct, but needed a bit more luck. These things ...
- Supernaut replied Jul 30, 2012
IMHO unless scalping, fixed TP is bad. I took my trading another step further, when I started to use trailing stop. Although I take half of my position off and move SL to breakeven at 2:1. Then I let the other half run. You just need a couple of ...
- Supernaut replied Jul 30, 2012
Week 31: Day 1 Update — Everything is on the charts. image image
- Supernaut replied Jul 29, 2012
Week 31: EURGBP — Hoping to get long in this pair. image image image
- Supernaut replied Jul 29, 2012
Week 31: EURUSD — Currently I'm already short this pair and my main objective is to manage this trade. This pair will be the most sensitive to all fundamental news this week. image image image