DislikedThank you for your prompt reply...
This thread has done wonders for me being able to see "trade-able" areas.Ignored
Good! Seeing the "real" areas is half the game in my opinion. The rest is self-control.
Silent room 2 replies
Silent Success of Patience 10 replies
My silent journal 4 replies
bo7a method... method for GBP/JPY 205 replies
Seeing Through the Silent Crash 4 replies
DislikedThank you for your prompt reply...
This thread has done wonders for me being able to see "trade-able" areas.Ignored
DislikedI went long the SLV ETF. It's an exchange traded fund revolving around Silver. Basically, it's the poor man's way to trade Silver futures.
Below is a chart, and my thoughts as I got in.....
CWIgnored
DislikedI always hear people saying that since FOREX is so decentralized that there is no way to measure Volume. Is there ANY way to measure volume or is it just based off of the particular server that is used?
The reason I ask is because it seems that the amount of Volume played a role in your decision to take the trade...it seems as if it reinforced the Pinn Bar as being exhaustive to the down side...Ignored
Dislikedwhat do you do when you have conflicting information.... like earlier in the week i could see a posssible short off the cable but a long off AUDUSD and EURUSD??Ignored
Dislikedps. I think this actually has to do with the strengths of currencies CW was talking about earlier. He mentioned something about AUD/USD/NZD, one being the "weak" pair on the other being "stronger" ones.Ignored
Dislikedwhat do you do when you have conflicting information.... like earlier in the week i could see a posssible short off the cable but a long off AUDUSD and EURUSD??Ignored
DislikedClockwork,
You mentioned in the thread that you use 3 types of exits. Can you describe them?
Much thanks,
Visual OneIgnored
DislikedI went long the SLV ETF. It's an exchange traded fund revolving around Silver. Basically, it's the poor man's way to trade Silver futures.
Below is a chart, and my thoughts as I got in.....
CWIgnored
DislikedThe trick is that if you have a $1,000 account, a 25% return is only $250 for the year. This is why you need to be patient, and add money to your account if it's small - as you prove yourself. It will grow if you are patient.
CWIgnored
DislikedI would be a little concerned about that gap yesterday. I like the shape of the bar, and the location is decent, but that gap could cause an issue.Ignored
DislikedI was just thinking about this last night and concluded that there is no reason not to simply keep trading demo... and trading demo... and trading demo until the kitty is built up enough to allow gains to be worthwhile when one does go live. Trying to build the few thousand dollar account up to $1M is, it seems to me, a sure recipe for over trading, i.e., losses.Ignored
DislikedTrue, except one minor point.....and this minor point can lead to major losses. I would "scale into the market".
Let's say you take 2 years to learn this market and be good. (an example) You save 25,000 to open an account. (again, an example.) You don't want to trade full scale yet, it will be different with real money. There is a psychological difference and adjustment that you need to face as well.
I prefer to see it go like this:
Start with a $1000 account.
Have success, bring up to $5000. (between gains and adding)
Have more...Ignored
DislikedClockwork -
Just wondering what you think about this set up.
E/J Short @ 129.50 (off the bounce of Resistance) and if PA confirms (i.e. Pinn Bar on 4H or on Daily)?Ignored