NZDUSD long from 0.7657 stopped out at 0.7672 for another 15 pips.
Aug total +90 pips (0.76% increase in a/c bal)
Kind Regards
Steve
Aug total +90 pips (0.76% increase in a/c bal)
Kind Regards
Steve
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"I trade virtually naked (apart from a couple of indicators for decoration) and look at candlestick formations and possible reversal signs.
I need to be very very disciplined but when I catch a trend over say a week I can bag a few hundred pips."
Steve:
I am working my way through this thread.
You started it in November, 2006. A few
questions:
Could you point me to your results with
this system since then?
What are the couple of
indicators you use?
Is it right to assume that the discipline
you speak of refers to not touching the
trade until you get stopped out?
Ignored
Dislikedluv this thread.
steviet, you are definitely one of the best traders on this forum.
make sure you donate some to charity when you are ready.Ignored
Disliked..not sure I agree though..
Just wish I did have a bit more capital but doing it the 'hard way' has taught me a lot so far.Ignored
QuoteDislikedOn your last point, absolutely - my sister has just raised enough funds to build her second school in Kenya, Africa and it is nearing completion. I think she's raised well over a milliion pounds in the last 10 years for those kids. Now, that is something to be proud of!
Kind regards
Steve
Disliked
Hi
OK, I basically used the same method from Nov 06 to May 07 and the results of this are noted in the journal at the end of each month.
Steve, I have read those results
After a disastrous May, I modified my methods
Is there a post or two here in which you
have explained the modification?
and now am much more picky as to which trades I take.
What factors do you consider before "picking" your
trades?
June, July & so far August have been profitable and again the results are noted as I post.
I am about to read through those posts.
I don't use any indicators at present, rather price action, trendlines, support & resistence. By no means am I correct in my analysis all the time but so far I am profitable.
Jacko and other successful traders here do likewise.
On the point of discipline you are correct up to a point - my first method did purely rely on my stop loss being hit to determine when to exit a trade. Since June I have used both this method but also close manually when the mood takes me.
So you do not let the trade run until the close of the NY session.
I'm sorry this probably seems rather vague -
Not to worry. It has been great to see this kind of commitment
to trading and your dependability in keeping those trades
posted. I am sure we shall all keep following your posts.
I'm still very much in a learning phase and my methods aren't particularly set in stone apart from the money management aspect which ensures I'll never blow my account. It's slow & steady for me.
Kind Regards
SteveIgnored
Disliked
Steve, I am going to finish reading your thread and may have a
few more questions by then.
Thank youIgnored