Disliked{quote} This idea of one direction trading is not new (nothing in trading is) I took the concept from this book "Bird watching in Lion Country", by Dr. Dirk Du Toit Highly misunderstood book.I thought it was a goldmine of ideas.Like Art I am influenced from others.I recommend to read it. He calls low leverage trading "low gearing" Another concept took from him. When you are ready right ideas come to you because you are ripe for it.Its same in Art.There is no point teaching figure drawing to someone who cant draw an apple.Why I dislike working with...Ignored
- #25,222
- Feb 13, 2019 10:09pm Feb 13, 2019 10:09pm
Taking care of Swaps Fees was one of the things I learned here. Davit makes a lot of money and sometimes pays for swaps fees. I was on the other side. I lost my money and still paid high swaps fees. kkk Today I learned that. Trying to pay less swaps fees is an important way to make more money. I always check the swaps fees, in this link https://www.xm.com/forex-calculators/swaps If I hold a position too long, at least I have positive swaps and do not need to win many trades just to pay swaps fees. Many thanks Davit
if you are customer of xm, I prefer ICmarkets or others. Because their swap aren’t fair enough. Here it’s swap of ICmarkets. Plus they had low spread and I had a IB so my commissions is $5.5 per lot.
My 2 cents
- #25,228
- Feb 14, 2019 3:33am Feb 14, 2019 3:33am
{quote} This idea of one direction trading is not new (nothing in trading is) I took the concept from this book "Bird watching in Lion Country", by Dr. Dirk Du Toit Highly misunderstood book.I thought it was a goldmine of ideas.Like Art I am influenced from others.I recommend to read it. He calls low leverage trading "low gearing" Another concept took from him. When you are ready right ideas come to you because you are ripe for it.Its same in Art.There is no point teaching figure drawing to someone who cant draw an apple.Why I dislike working with...
I read it long time ago,great book but maybe i was not ready then to understand it good (multiple entries.....).
"lets hear one of my old time favorite bands and song."
Speaking of Rainbow here is one of the best songs ever and best singer ever :
Inserted Video
Was not lucky to see them live but i was at concerts of Iron Maiden every time they was in Belgrade,DeepPurple,Motorhead,Billy Idol,Whitesnake....just missed to buy the tickets for Uriah Heep 10 days ago....and after i was at ACDC concert 2009. i was ready to say 'now i can die'
with regret not seeing Led Zeppelin and Rainbow.Just heard yesterday that Brian Johnson is back in band and ACDC preparing new album
- #25,236
- Feb 14, 2019 6:44am Feb 14, 2019 6:44am
- Joined Aug 2010 | Status: Life is easy, life is delightful. | 3,152 Posts
And you will leave pain to take care of itself.
- #25,239
- Feb 14, 2019 7:38am Feb 14, 2019 7:38am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
{quote} Definitely some valid points here and can't argue it's a bad approach. However, what I do personally is to not have any preference up or down or left or right. For me looking in the past, trades skipped like this tend to be the biggest runners... I see super valid A+ short set-up on CJ, one of the slowest pair in the universe, so I am heavy short now. And as I am not planning to hold it for weeks I am not worried about negative swap either.
In trading, you have to be defensive and aggressive at the same time
