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- Rolls123 replied Nov 16, 2011
Due to the success of the James16 PF and thread, the newer people (who are probably a little more green) tend to think that it is the be all and end all, but at the same time it really is not. In the James 16 PF there is focus on indicators away ...
- Rolls123 replied Nov 16, 2011
I make good use of the % Williams indicator to show if something i overbought or oversold. It is quite a reliable indicator in how I use it, but like anything putting to much emphasis on one thing or another, leads to confusion and can end up making ...
- Rolls123 replied Nov 14, 2011
That makes no sense.... You say that it is great that he has a profitable EA, and then say that they don't exist....????
- Rolls123 replied Nov 2, 2011
Surely it depends on the trading strategy. I am in the process of automating my strategy to test it works - my signals are very clear and do not really need any kind of analysis per say, so hopefully the EA will be quite easy to implement and to ...
- Rolls123 replied Oct 14, 2011
I kind of understadn what you are doing here, and I actually like the strategy - It is fairly simple (although with a high level of human analysis to decide whether to enter a trade or not). As you seem to say, it works for you, and you seem to be ...
- Rolls123 replied Oct 13, 2011
It may be naivety, but what has trading currencies got to do with being bad? What we are entering into is a business deal, nothing more, and nothing less. If you let emotions take over your trades, then you become a loser. This goes for contributers ...
- Rolls123 replied Oct 12, 2011
The time to quit your job will be in direct comparison to how you trade (as a rough guide) as has already been mentioned - for example a high risk trader, will probably be quite happy quitting their job and jumping straight into full time trading, ...
- Rolls123 replied Oct 12, 2011
You can buy 1 standard lot, and then trade out over time by selling mini/micro lots. My approach to money management is derived from options trading, and it seems to suit to Forex very well... Basically, my MAX loss will be 3% of my overall account. ...
- Rolls123 replied Oct 11, 2011
Really liked reading through this thread. well done on your success so far, and I look forward to reading more of it!!
- Rolls123 replied Oct 11, 2011
99% of people fail because they are human... They are out to make money in Forex because of greed. Once greed takes over from your trading plan, your money management goes, and so does your money. Knowing whether the markets are going up or down is ...
- Rolls123 replied Oct 10, 2011
Not neccesarily 100% accurate. Basically with a retracement (as I see it) the trend will carry on... so say you have a 100 day MA, the trend will still be showing going up, or at te very least flat, and a trend reversal will see it starting going ...
- Rolls123 replied Oct 10, 2011
Can't really see a problem with his method. At the end of the day, whether there is a SL of 7 or 10, if it is creating profits - whether rightly or wrongly (as the method dictates) is really besides the point. My trading style does not fit into this ...
- Posts by Member Search: 'Rolls123'