Hi Folks
A comment about the effect of screen size.
I use a wide screen laptop at work. When I get home I connect a 2nd 17" square LCD and move the platform onto it so I can read this thread on the laptop screen.
After much confusion when analysing my entry points the next day I realised that the square monitor only showed 3 and a half weeks while laptop showed the same as Bob's and thus I entered some trades way to early.
The indi with the fixed bars from the autotrader fixed this for me.
Comment about Huggie trade.
Someone in an earlier post asked about trading with a Huggie.
I tried to second guess Bob's advice on staying away from huggies and traded in the direction of the huggie. Worked well 3 times. 4th time I broke another rule and entered with 4 lots (normally play 1 lot) on AUDCHF. (Stupid Stupid Stupid....) I was at -300pips on this one trade. It turned on my entry point.
Long story short. I applied the 242 recovery concept on this pair with 4 Others at 2 lots on each pair to spread the risk , I have broken even with 10pips profit.
So to all the newbies, learn the 242 recovery system, Become one with it and your trading mistakes will become valuable lessons and not excruciating pain.
Thank you Bob. I am forever in your debt.
PS my 7 year old and 11 year old sons generate their pocket money using your system. They are averaging $200 a week off of a $1000.00 account each.
A comment about the effect of screen size.
I use a wide screen laptop at work. When I get home I connect a 2nd 17" square LCD and move the platform onto it so I can read this thread on the laptop screen.
After much confusion when analysing my entry points the next day I realised that the square monitor only showed 3 and a half weeks while laptop showed the same as Bob's and thus I entered some trades way to early.
The indi with the fixed bars from the autotrader fixed this for me.
Comment about Huggie trade.
Someone in an earlier post asked about trading with a Huggie.
I tried to second guess Bob's advice on staying away from huggies and traded in the direction of the huggie. Worked well 3 times. 4th time I broke another rule and entered with 4 lots (normally play 1 lot) on AUDCHF. (Stupid Stupid Stupid....) I was at -300pips on this one trade. It turned on my entry point.
Long story short. I applied the 242 recovery concept on this pair with 4 Others at 2 lots on each pair to spread the risk , I have broken even with 10pips profit.
So to all the newbies, learn the 242 recovery system, Become one with it and your trading mistakes will become valuable lessons and not excruciating pain.
Thank you Bob. I am forever in your debt.
PS my 7 year old and 11 year old sons generate their pocket money using your system. They are averaging $200 a week off of a $1000.00 account each.