http://www.youtube.com/watch?v=8CPlF-IEkXQ&feature=related
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http://www.youtube.com/watch?v=gAEapKFYApU
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http://www.youtube.com/watch?v=gAEapKFYApU
Freebie 1 min trading method 1,227 replies
Naked Trading Using Price Action (No Indicators) 32 replies
Pure Price Action Trading - NO lines or indicators 49 replies
Help adding a filter to the Freebie Indicator 3 replies
EUR/USD Trading Price Action System 2 replies
Dislikedcould trade only 4 hours a day this week... 9 winners and 0 losers.. it´s funnyIgnored
DislikedDont tell anyone the "SECRET"....LMAO!jk
Great trading man....hopefully soon you can be a full time trader.Ignored
DislikedPS: the 80% on the poll are back! and we have about 300 pages... i´m happy about being a part of this thread!Ignored
DislikedHey,
Sorry haven't been an active member of this thread. Been doing a lot of trading by myself. Though I do like to come for help when I need it. I have been have some trouble with my TP.
I know my TP should be atleast 1:1 and not more than 1:3 but how do I know which one to choose. I bought GBP/USD and set my TP around 35 pips which was about 1:2 because the next pivot was too far.
Though unfortunently it went up 30 pips then dropped another 40 to hit my SL. Please help me by suggesting how this can be avoided. I have posted a chart of...Ignored
DislikedHey,
Sorry haven't been an active member of this thread. Been doing a lot of trading by myself. Though I do like to come for help when I need it. I have been have some trouble with my TP.
I know my TP should be atleast 1:1 and not more than 1:3 but how do I know which one to choose. I bought GBP/USD and set my TP around 35 pips which was about 1:2 because the next pivot was too far.
Though unfortunently it went up 30 pips then dropped another 40 to hit my SL. Please help me by suggesting how this can be avoided. I have posted a chart of...Ignored
DislikedHey,
Sorry haven't been an active member of this thread. Been doing a lot of trading by myself. Though I do like to come for help when I need it. I have been have some trouble with my TP.
I know my TP should be atleast 1:1 and not more than 1:3 but how do I know which one to choose. I bought GBP/USD and set my TP around 35 pips which was about 1:2 because the next pivot was too far.
Though unfortunently it went up 30 pips then dropped another 40 to hit my SL. Please help me by suggesting how this can be avoided. I have posted a chart of...Ignored
DislikedHey,
Sorry haven't been an active member of this thread. Been doing a lot of trading by myself. Though I do like to come for help when I need it. I have been have some trouble with my TP.
I know my TP should be atleast 1:1 and not more than 1:3 but how do I know which one to choose. I bought GBP/USD and set my TP around 35 pips which was about 1:2 because the next pivot was too far.
Though unfortunently it went up 30 pips then dropped another 40 to hit my SL. Please help me by suggesting how this can be avoided. I have posted a chart of...Ignored
DislikedStart with setting a reasonable goal for yourself of what you would be satisfied with as far as profit. For example, I a satisfierd with making 20 pips a day. This is my personal goal and all I need to reach my financial goals. Once you establish your personal level of satisfaction, you will get a better idea of what you need to do to achieve it. In my case, I am satisfied with 1:1 ratio on all my trades regardless of how much they move after my TP. This week and last week alone has made the rest of my yearly pip goal.Ignored
DislikedAccording to my experiences M5 is a bit tricky to trade. If I were you, I would collect all the posts Paulus has made in this thread (starting around page 100), collect them in a single doc and go through them several times (and study the charts also). Then I would make a trading journal and keep track of all my entrys and evaluate them, eg. are all the rules met, etc. It takes time, but I think that may be the only way to really get the insides of the M5. Its so easy to make misjudgments and the journal will develop your discipline with the system....Ignored
DislikedLOL it is a little bit too late for that I think. I started a small live account 2 days ago :s.
I do not know if it was the right move or not having only played with Forex demo accounts for a couple months. Though I could never take demo seriously knowing that no matter how much I made or lost at the end of the day it would not affect me in any way. Therefore I invested $100 and I am willing to lose the money for the cost of learning somthing in Forex.
Over the past 2 days I have pulled of all nighters and been able to take 4 trades which leaves...Ignored
DislikedYou would be best listening to those around you. In Paulus' rules he would look for higher highs and higher lows before taking a long trade. The trade you showed on the chart as Dred has already said, was showing lower highs and lower lows so have another read of Paulus posts.Ignored
DislikedLOL it is a little bit too late for that I think. I started a small live account 2 days ago :s.
I do not know if it was the right move or not having only played with Forex demo accounts for a couple months. Though I could never take demo seriously knowing that no matter how much I made or lost at the end of the day it would not affect me in any way. Therefore I invested $100 and I am willing to lose the money for the cost of learning somthing in Forex.
Over the past 2 days I have pulled of all nighters and been able to take 4 trades which leaves...Ignored
DislikedLol, good luck to ya man .
About that 1:3 rule. I think Paulus has tweaked it into his way of trading so that the probabilities are in his advance. All the things in how you trade (your personality, skills, system, money management, etc) are effecting into the probabilities of your trading system. (Took me quite awhile to figure that one out, LOL). I dont know, how do you trade with your approach, but I think that you should evaluate how well does it suite your way of trading by backtesting it with currencies you trade. Go and check eg....Ignored