Hi all,
Just saying hi and introducing myself...
I've been trading for some years now and its quite interesting to read about all your various strategies. It seems many novice's want to scalp? Do u find this due to lack of confidence and panicking when in trades?
I use to be nervous when starting out but i soon learnt to step away from the very short term charts and focus on the Daily and 60min charts...It's a simple strategy using crossovers and a few other techniques but it tends to avoid all the costly stop outs that novice traders fall into. I was just wondering what is the average amount of pips that most of you guys are picking up on a weekly basis?
Last week was pretty good with some perfect setups...I find that if i am patient and sit on my hands and wait for the setups rather than chasing them i tend to do better.
Here are a few examples...
Long GBPUSD on Tuesday on the break at 1.9710 (ascending T) for 215 points...
http://media.mdsmarkets.com/Images/GBPUSD 60.gif
Short GBPJPY on Thursday on the break at 209.90 (Boxed Strat) for 380 points...
http://media.mdsmarkets.com/Images/gbpjpy60.gif
Short USDJPY on Tuesday on the break at 106.00 (Channel Break) for 207 points...
http://media.mdsmarkets.com/Images/Jpy 60.gif
Short USDCHF on Tuesday on the break at 1.0800 (channel Break) for 330 points...http://media.mdsmarkets.com/Images/CHF 60.gif
Short AUDUSD on Friday on break of 50ma at 0.9440 (channel break) for 110 points...
http://media.mdsmarkets.com/Images/aud 60.gif
I dont know if this helps but i assure you it works...A few basic principles and i keep in trades for most of the move...I was showing a good friend of mine last week and he managed to bank just under 900 points...Give it a go when u get a chance...
Wouldn't mind hearing a few thoughts back...
Hope you are all having a good day.
007
Just saying hi and introducing myself...
I've been trading for some years now and its quite interesting to read about all your various strategies. It seems many novice's want to scalp? Do u find this due to lack of confidence and panicking when in trades?
I use to be nervous when starting out but i soon learnt to step away from the very short term charts and focus on the Daily and 60min charts...It's a simple strategy using crossovers and a few other techniques but it tends to avoid all the costly stop outs that novice traders fall into. I was just wondering what is the average amount of pips that most of you guys are picking up on a weekly basis?
Last week was pretty good with some perfect setups...I find that if i am patient and sit on my hands and wait for the setups rather than chasing them i tend to do better.
Here are a few examples...
Long GBPUSD on Tuesday on the break at 1.9710 (ascending T) for 215 points...
http://media.mdsmarkets.com/Images/GBPUSD 60.gif
Short GBPJPY on Thursday on the break at 209.90 (Boxed Strat) for 380 points...
http://media.mdsmarkets.com/Images/gbpjpy60.gif
Short USDJPY on Tuesday on the break at 106.00 (Channel Break) for 207 points...
http://media.mdsmarkets.com/Images/Jpy 60.gif
Short USDCHF on Tuesday on the break at 1.0800 (channel Break) for 330 points...http://media.mdsmarkets.com/Images/CHF 60.gif
Short AUDUSD on Friday on break of 50ma at 0.9440 (channel break) for 110 points...
http://media.mdsmarkets.com/Images/aud 60.gif
I dont know if this helps but i assure you it works...A few basic principles and i keep in trades for most of the move...I was showing a good friend of mine last week and he managed to bank just under 900 points...Give it a go when u get a chance...
Wouldn't mind hearing a few thoughts back...
Hope you are all having a good day.
007