Well done mate, i am glad i saw your thread when you started it, so i dont have to go through previous posts like i have done in other journals where i had to go through thousands of post to catch up. I will be hanging around here for a long time.
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DislikedWell said there Zoopy. I remember when i started trading, the first thing i learnt was support and resistance, because human nature dont believe that simple things work, i went own to start looking for complicated systems with a lot of indicators. When i noticed that i was losing money, i decided to go back to the basics, looking at S/R and i got an Ahh moment. As Zoopy said MORE TIME SHOULD BE SPENT ON THE BASICS.
Well done mate, i am glad i saw your thread when you started it, so i dont have to go through previous posts like i have done in other journals where i had to go through thousands of post to catch up. I will be hanging around here for a long time.Ignored
Dislikednot so sure about trading cable, still very volatile and the gains are limited so the TSL method might not work to well
Pairs to consider in my view are USDCHF, AJ, AU and EU, with EU being the primary - do we need other pairs? or do we just get a feel for EU!!!
Great posts though ZoopyIgnored
DislikedWhat broker do you use for your charting? I am looking for a broker who have commodities on demo accounts, and use Metatrader. On another note i traded the cable using waves and made 100pips, i set a target because this pair has been very volatile and not showing clear direction.Ignored
DislikedI'm using ODL Securities. I was using IBFX a few weeks ago but was getting really bad feed from them. Another broker that has commodities and the Dow Jones, S&P etc is North Finance.
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DislikedThanks Zoopy, i have just downloaded the Northfinace platform. I am loving the waves, am checking out the waves on the daily gold chart.Ignored
DislikedStarting to wonder after all of these examples. I may not even end up trading Jacko's method but just implementing a few things. This is way easier for me and it works on 4 hour and daily. That's all you really need along with good money management. No trendlines, no fib retracements, no PA and best of all no indicators.Ignored
DislikedWell it looks good, I havent quite worked out how you know a wave is finished so to speak, it pulls back and you get in after the close of the 4hr(?)...I havent been watching it long enough to see it clearly....looking at your gbp now and seeing the 4hr has closed above the last low would you say its a buy now? Not planning to buy just wondering if Im getting it hehe...take care RazIgnored
DislikedZoopy
remember this is a new theory (old one revisited) don't get carried away.
Ok felt i needed to say that, but anyway, why drop all of Jacko's methods?
purhaps you should still look to trade with the trend (or did i miss that part of the class) and apply the AH method along with round numbers.
with trend has many advantages when we play of strong support, i also think that you should limit the pairs - keep it so that the charts can all be visable on your screen at the same time so you can watch them (now there's a thought - back to watching screens all day ! TSL?) too many pairs and your'll miss a big move good or bad for your account?
I like were this is going and i'm on for the ride, but i just felt that you may be in one of those eureka moments and need that voice in the head to say WHAT IF. the reason i say this is because you look like your about to trade 23 pairs/commodities in one day. remember the start of this procees was to get a feel for it - and i think you done that really well, now find a few pairs and go to town on them, reach your goal - to have a feeling for the charts to just see it and trade it.
Best of pips
MPPIgnored