[steviet]

Yup, may mean stops are taken out on low liquidity too - in fact there goes the high from yesterday & the day b4.

Originally Posted by johnedoe

Don't forget... the French, US and CAD have bank holidays tomorrow.
It make make a bit of a difference on liquidity.

[Robert Lee]

Your thread is interesting. It opened my eyes as far as what discipline really entails. I think it means sticking to your trading plan as far as stop loss is concerned.

May I ask how your micro account perform so far since you started this thread?
Do you use market orders or entry orders most of the trades?

Thank you. Have a good day!

[steviet]

Hi Robert and welcome,

Thanks - yes, formulating and then sticking to a plan is not easy but has to be done or the market will eat you for breakfast.

Even discretionary traders will have certain rules regarding entry & exit.

Over the 3 years I've been on quite a journey and basically learnt as I went along (and still am, I don't think you ever really stop). Most months I eek out some profit from somewhere lol.

Trades at the moment are placed using market orders although I have used stop and limit orders in the past.

Kind Regards
Steve

Originally Posted by Robert Lee

Your thread is interesting. It opened my eyes as far as what discipline really entails. I think it means sticking to your trading plan as far as stop loss is concerned.

May I ask how your micro account perform so far since you started this thread?
Do you use market orders or entry orders most of the trades?

Thank you. Have a good day!

[PeterFM]

Originally Posted by steviet

Even discretionary traders will have certain rules regarding entry & exit.
Kind Regards
Steve

I'm a discretionary trader and I have a very strict rule for entries.

I look at the chart and say to myself.."Shall I have a pop at this one?" If the answer's yes then I trade. When the trade is running I ask myself.."Can I squeeze some more out of this one?" If the answer is no then I close.

As the man from Meerkat.com said.."Simples, tchk!"

[steviet]

Don't you mean simples?

Hey, how was France?

Originally Posted by PeterFM

I'm a discretionary trader and I have a very strict rule for entries.

I look at the chart and say to myself.."Shall I have a pop at this one?" If the answer's yes then I trade. When the trade is running I ask myself.."Can I squeeze some more out of this one?" If the answer is no then I close.

As the man from Meerkat.com said.."Simple, tchk!"

[PeterFM]

Originally Posted by steviet

Don't you mean simples?

Hey, how was France?

Corrected. France was good. I posted some photos in the Redux thread. Hope you got your body clock sorted now .

[steviet]

Daily long stopped out at 1.49504 for 83.9 pips (3.36%)

London open long stopped out for minus 1%.

Yet again it reversed to the pip at Frankfurt open - maybe it should be 0700 gmt that trades should be placed all year around?

Steve

PS, also grabbed 1% net from 3 scalps this morning