DislikedHey there,
Did you go through the videos on the guest side of the James16 PF?
We have some great introductory videos from the big guys there:
Take a look, and let us know if they weren't sufficient enough
videos
g.Ignored
I went through all the James16 Guest videos about three weeks ago, and they were extremely beneficial. I can only imagine the gems available in the PF. I've been demoing based on them since then, and slowing going through this thread (on page 80 right now). I've only traded PB's thus far, and maybe one dblhc. With these two sources, I've grown a demo account by 20% over the past two weeks. Never had a losing trade yet. I set 30 pip target area at which I close half my position and move my stop to BE, and let the rest ride.
I find that I'm able to move my stop to BE sometime in the early morning (EST). I head to bed, wake up in the morning and check my trade. Usually the remaining half position has moved up quite well. However, and I'm not sure if it's the pairs I've traded thus far, but if I leave that position as is, by the end of the day I get stopped out at break even. So most times I'm in the habit of just taking my profit and running. I know this doesn't keep my in the trade for the long term to ride larger profits, but I'm happy with what I have for now.
Key example is the PB on the Kiwi yesterday. I entered on the retrace (should have waited for it to hit the level of the first eye). It moved into profit, closed half my position and went to bed. Woke up to see my other half position was up double from the profit I made from my first. These situations just seem to bounce back on me, if I smile, decide to let it ride and head back to bed.
Anyways demoing has been great. Learning a lot that you can't see from simply looking at the history of the PB's on different currency pairs. Can't wait to go live with it, and if money permits join the PF.
Cheers,
Synergy