- Joined Jul 2011 | Status: Member | 7,784 Posts
If you trade like me, you'll be homeless and broke within a week.
Goldilocks All Time Return:
-28.2%
Software tools for LauraT's Roadmap 167 replies
Forex Brokerage Roadmap 4 replies
Best way to read all of someone's posts? 3 replies
Simple way to read chart 11 replies
DislikedLauraT which tf do you trade the most? Any specific pairs that you trade? Lower adr or higher adr?Ignored
Disliked{quote} Hi Laura, It looks like there are some good profits to be had if the channel is a fair way from the 200 MA and a trade is taken towards the 200 MA. Is this OK, or is this considered more advanced?Ignored
Disliked{quote} There can be instances where this is viable but, as Patje says, it's definitely advanced and I would advise against trading it for now. It'll be much easier to make profit trading away from the SMA. The problem with reversion to the SMA is that often the trend will be so strong that the SMA will move to the channel instead of vice versa. As per this dow example: {image} Interesting question though, I like that you are thinking about the bigger pictureIgnored
DislikedHi Guys, I trade mostly the Dax ( DE30 ), now if you look at Fridays 5min chart, you would have missed that runaway train before market close because there was no pullback, or am I missing something ? Sorry, my bad, I should have checked the 1 min chart, there are a couple of entry points.Ignored
Disliked{quote} With the Dax, much like the Dow, I find I really have to focus on the 1m chart, especially in these current volatile times. Here's Friday's chart with the two opportunities you've mentioned {image} This brings me to another point though. Runaway trains. Part of the discipline required to successfully trade this methodology is being able to avoid chasing price. Yes, there will be cases where we just never get a chance to get in and that's okay. There are so many opportunities each day, spread across markets, that we don't have to...Ignored
Disliked{quote} Well, my first attempt at this (for me) new system and it blew another demo account. Lessons? It was the Asian session, I'm in Australia, maybe the price was too far from the 200 MA, (130 pips)', maybe I should have had a S/L, or maybe I'm just crap as a trader. It was on Gold.Ignored
Disliked{quote} Well, my first attempt at this (for me) new system and it blew another demo account. Lessons? It was the Asian session, I'm in Australia, maybe the price was too far from the 200 MA, (130 pips)', maybe I should have had a S/L, or maybe I'm just crap as a trader. It was on Gold.Ignored
Disliked{quote} Well, my first attempt at this (for me) new system and it blew another demo account. Lessons? It was the Asian session, I'm in Australia, maybe the price was too far from the 200 MA, (130 pips)', maybe I should have had a S/L, or maybe I'm just crap as a trader. It was on Gold.Ignored
Disliked{quote} The EU price went further down, are you still looking for a retrace to the upper band or let this trade go?Ignored