DislikedI just posted on another thread the following. Please watch the video and post your feedback on this thread. Your post will be like your attendance in school to know if you are present or not. It would help me if there was more feedback here rather than myself doing most of the posts. This thread is about interaction.
The pupils can also teach the teacher so do not be shy.
As well can you post reports here in PDF format of your Demo Trades to date so that I can see how each and everyone of you are doing.
Thank you for your cooperation.
Your post is very interesting in that you confirm the luck or guess factor.
Try trading this way if you would like better results...
It is called by WWW.INO.COM the "FTP" Method !!!
Fundamentals + Technicals + Perception
Fundamentals also stands for Supply and Demand of the currency pair that you trade.
I will find the great video of FTP and post it here on edit for you. I love PEACE !!!
If you have not viewed the video posted on this thread called "FTP" please do so after reading this post. FUNDAMENTALS get you into your position ahead of most others. Then you use TECHNICALS to get the BEST entry into that currency and also know where everyone sees, Support, Resistance and Pivot Points.
Then we get to PERCEPTION !
Just like in the FTP video of a little less than 7 minutes shows, when the PERCEPTION becomes commonplace, that is when it will be ready to reverse as it just might do shortly over the next few days since the market thinks the banking and brokerage and housing bottom has been reached because Citi Bank only declared losses of 2.5 Billion in the last quarter.
I will do another post on how to take advantage of this knowledge to make money using my method of trading FX which works on my Home Thread, Knowledge Is Power. Enjoy !!!
Here is the Link to the FTP video.
PLEASE WATCH IT !!! Thank You !!!
You have decided on one direction, you have also decided to play just 20 % of capital, and when it goes back up , you wait until you have found another point to enter to go back down, along with small lots per position.
This is clear and understandable.
However you never write e.g. at 10.30 am EST sell 2 positions and TP at plus 5 pips, this is the FUTURE, not the past.
What you write instead is. I have just bought 2 positions at ...... and if it goes to .... I will SL. You don't instruct your students on where to TP.
TP Bruce is where the money is made, not in hoping that it won't touch SL.
I think you should give up your unpaid teaching job, and go back to managing that 500 000 USD, which you wrote begins on 15th July, adding of course to the already 200 000 USD funds which you are also managing.
Wow so much time to teach without pay and play a demo platform, and yet so much money in the account to play forex, what a life!!!!!