[quote=Grover;2953238] .......the weekly pin on GBPUSD...........
Hello Grover, I am demo trading at the moment so I decided to trade this. I set up a short trade at the weekend and then it triggered whilst I was looking at an IB4 set up on Monday on the H1 chart (read about DIBS at the weekend). Originally, I had the stop set above the pivot, but I decided to move it down above the IB and hedged it with a buy above the IB. I then had to leave it all day as I am unable to access MT4 at work. When I checked in the evening I found out that my account balance (3k demo) was up about 50% off of about 80 pips! At first I thought - nice one and was quite pleased with myself, then I realised that I really didn't have a clue about how lot sizing works - it certainly isn't the same as spread betting! That was sobering, it also convinced me to join the PF. Now, after the initial kid in the sweet shop moment, I have realised that I have a so much to learn that I shall be hanging around base camp for quite some time before I have a crack at Mt. Forex!
Hello Grover, I am demo trading at the moment so I decided to trade this. I set up a short trade at the weekend and then it triggered whilst I was looking at an IB4 set up on Monday on the H1 chart (read about DIBS at the weekend). Originally, I had the stop set above the pivot, but I decided to move it down above the IB and hedged it with a buy above the IB. I then had to leave it all day as I am unable to access MT4 at work. When I checked in the evening I found out that my account balance (3k demo) was up about 50% off of about 80 pips! At first I thought - nice one and was quite pleased with myself, then I realised that I really didn't have a clue about how lot sizing works - it certainly isn't the same as spread betting! That was sobering, it also convinced me to join the PF. Now, after the initial kid in the sweet shop moment, I have realised that I have a so much to learn that I shall be hanging around base camp for quite some time before I have a crack at Mt. Forex!