CL Scalp
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Software tools for LauraT's Roadmap 167 replies
Forex Brokerage Roadmap 4 replies
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Simple way to read chart 11 replies
Dislikedslack entry i know, but wasnt at my computer early enough - not massively confident on this one as CAD and AUD are both relatively weak {image}Ignored
DislikedI may disappear for a while. I am opening a Futures account with Trade Station ( They offer Trade View charts albeit their own offer good "trade from chart" facilities). I have to learn a lot of new stuff re Trade Station.Ignored
Dislikedslack entry i know, but wasnt at my computer early enough - not massively confident on this one as CAD and AUD are both relatively weak {image}Ignored
DislikedOuch! Nasdaq M1 as per annotations {image} then look what happened {image} Lesson - I must learn to believe in my entry, allow plenty of wiggle room and hang in until I am proved wrong. At least I think that is my lesson, please let me know if I have missed anything All comments to help achieve these objectives very welcome Should I be aware of any differences trading Indices vs Forex pairs? Slightly off topic - there are better ways of annotation than just using the Text function of MT4. Any pointers to simple means of doing this would be appreciated...Ignored
DislikedFor Success in FX Trading you need 3 things to be right . 1. identify the trending pair for the day 2. Trading with a 2 Time Frame Trend in Your Favour 3. Time your entries for low sl , preferably try to enter in pullback as the sl will be very less then . unless we get all the 3 right the FX market will you only LOSS. No point trading all those range bound markets etc you will be wasting your time and energy and not get any major profit for your hard work . This system is very good in addressing point 2 and point 3 but with regard to point 1 we...Ignored
DislikedI may disappear for a while. I am opening a Futures account with Trade Station ( They offer Trade View charts albeit their own offer good "trade from chart" facilities). I have to learn a lot of new stuff re Trade Station.Ignored
Disliked{quote} We must accept that fact or we will forever be trying to remove the fear of uncertainty. The only cure for that fear is acceptance of risk. When that fear exists, there can be a tendency to want to add more and more to the picture, hoping that it will somehow 'guarantee' success. Invariably it leads to information overload or analysis paralysis. So be wary of that voice that tells us we need more stuff on our charts or we need to do more analysis or find a mathematical formula. They are all quite often signs we are struggling with the acceptance...Ignored
Disliked{quote} Good points. Although I'm not precious about people sticking with the methodology as is, I'd also like to generally caution against trying to remove uncertainty from the equation. When we sign up to aim to be a trader we must, from the very beginning, accept the inherent risk that exists within trading. The risk of losses - yes, but also the risk of not seeing a 'good' return on our time investment. The nature of trading is that we can make a wheelbarrow full of cash for 2 minutes work or we can spend all day at our screen and break even....Ignored
Disliked{quote} No - I disagree. Stick to whats outlined from Post one - looking left, channel breaks, levels etc. And a person will quickly discern if price is on the move. Make trading boring; perform actions whilst semi comatose - if you make more good trades than bad, then you are getting there. Simple is best -less is more. Lots of practice and patience will benefit any trader at whatever their level of expertise or lack thereof. Just my humble opinion of course.Ignored
Disliked{quote} ......."there can be a tendency to want to add more and more to the picture, hoping that it will somehow 'guarantee' success." And you have a chart that never indicates a trade but looks picturesque if nailed to the wall or exhibited at the tate Modern {image}Ignored
Disliked{quote} ur entry looks pretty decent to me. It really only made a double top under the sma 200, so unless ur stop was moved to BE, i think what was suggested on this thread, was at a minimum, wait for price to tell you when you are wrong....it never crossed back above the 200 - so the trade was still valid.....and look at that drop!Ignored