Joined Aug 2008
|
Status: Trading Live as a Professional Do
|363 Posts
thanks yen, and ashfx, others:i think i understand how to use support and resistance with fibonacci retracement. also how to plot them on my chat now. thanks again.you challenged me to learn it and i got into it.
keep this thread active so that we can keep learning from your analysis.
We Win Some, We Loose Some, But Let your Win Rates be More to be Successful
Hi Ash
While there is a quiet moment you mentioned before about
the MM side of the trade being about £1 x 2 lots and There seems to be
at least 1 trade a week with a MM of 3% loss acceptable would that
require a pot of around £15000 .
Ignored
Ok, this is my personal opinion. Others can mention theirs if they wish...
£15k is decent is you're trading part-time and have a job. Heck, any amount is fine if you've got a job. (As long as you don't risk a large % of your equity on each trade of course.)
If you want to quit work and trade full-time, FOR A LIVING, then I would recommend £20,000 initial capital. And this £20k has to be money you can afford to lose.
3% risk is relatively high. Try to lower it to 2%.
Hi everyone, GCh my be setting itself up for a (for a 1st strength trade) short tomorrow, if it closes at/below 2.0595ish and AC/AO change colour . Anyone else agree?
Hi everyone, GCh my be setting itself up for a (for a 1st strength trade) short tomorrow, if it closes at/below 2.0595ish and AC/AO change colour . Anyone else agree?
Freddi
Ignored
Not sure what price it would need to get to to change AC to red (I'll take your word for it at 2.0595). However, I don't think the AO will change at that level. If AC changes alone then it's a SS trade....I think.
Is that trade not rather late considering the ranging nature of that pair for the past few days.Also from what i see on your chart;thats the second PSAR already
yeah femzy112i entered eurgbp today, though i used ADX crossing,first PAR dot ,and ac=green,ao=green and change in trend to risk italso the same in gbp/chfthen us/jpyRESULTS:EUR/GBP=110 PIPS + STILL RUNNIGGBP/CHF=70pips+ still runningusd/jpy= secured 53pips ,retraced, trail me out FOR ORIGINAL ASH RULE: THEY ARE FOR TODAY AS SS TRADE , I THINK
We Win Some, We Loose Some, But Let your Win Rates be More to be Successful
yeah femzy112i entered eurgbp today, though i used ADX crossing,first PAR dot ,and ac=green,ao=green and change in trend to risk italso the same in gbp/chfthen us/jpyRESULTS:EUR/GBP=110 PIPS + STILL RUNNIGGBP/CHF=70pips+ still runningusd/jpy= secured 53pips ,retraced, trail me out FOR ORIGINAL ASH RULE: THEY ARE FOR TODAY AS SS TRADE , I THINK
Ok, this is my personal opinion. Others can mention theirs if they wish...
£15k is decent is you're trading part-time and have a job. Heck, any amount is fine if you've got a job. (As long as you don't risk a large % of your equity on each trade of course.)
If you want to quit work and trade full-time, FOR A LIVING, then I would recommend £20,000 initial capital. And this £20k has to be money you can afford to lose.
3% risk is relatively high. Try to lower it to 2%.
