How people should really trade!

I would like to know what Broker u use?

If you throw comission in, I am earning alot more than that.

Melbourne is a dump. Canberra or Sydney is where its at.

Online im using FXOPEN and dukas.. We use HSBC at work.

Hi Takisd,

I just read your thread, 1st post, then saw your forum joining date it is dec 2005 and realize you are experiance trader, and your first post content reflect that.
What you said is right, if we scan forum, there are thousands of system, and everyday some one come up with new system.
Funny things is PRICE is same for everyone, Price patterns are same on all chart and for everyone, but how people read it in so many different way's.

When i was new to forex, and reading forums and learning, i saw so many system and all created mess in my head, and wasted my so much time.
Even if you post very good system people will not learn and they will take it as another waste system.
if we study peoples post who join form 3 years back, they don't post any new system and they setteled down to some simple way of reading market movement, they just post some simple advice during free time.

I notice reason of your thread as..you can't see people searching in dark for finding way to trade forex.

There are many post in this forum where good trader left foot print of there system, few people catch it and most just take look and move to next post.

Best Regards
Ramdas

Hello

Do you have indicator on chart: sell/buy. What is it and would you mind to post iton thread?

thanks

Hi Takisd

unfortunately private messaging doesn't function with my account. hope, someone can remind. thank you in advance for your charts.

valery

Just a post reminding myself to post a chart today. Seeing as though people were kind enough to pm me today. Will get to it when i get home. I have neck muscle pain from rugby, which doesnt help lol.

wedge + resistance, if a break out of a wedge go short.

Was on the phone talking to mum bloody hell. Got in a little late, see how we go.

This is really a good thread! Yes, keep everything simple and it'll pay you.
I'd like to share you this chart, my short position's just reached TP.

And a demo statement of 2 months trying a new style of trading

I had g/j and a/u short and i closed out. Will help pay for the new furniture.

I may have to go through some of the posts i have made in order to retract any information about the company I trade for. As I may get in trouble, I just have to clear up some issues with them. If thats the case, I apologise in advance for any missing information.

reading the interesting price action. Its disgusting that the small people can help control the market now. This choppy crap is disgusting.

an e/u trade.

Could you please explain some things about this trade:
- as I understand, this was a breakout trade, you sold on the breakout of the latest price channel formed since the evening of Feb 3rd - right?
- it's also the break of some minor support around 1.2965 - right?
- now the question is - what about the stop and target levels? I see 1.2915-1.2905 as target level, as this is a nearest visible support. As for stoploss, the only possible level I see around 1.2980 - returning there would signal that our breakout has failed - right?

I know that's a lot of questions, but please answer if you have some time...
And also, many thanks for your fantastic thread!

The flag pattern breakout happened pretty quickly. I do not use tp levels these days. My stop loss was around the 3052 area, which was a resistance, however i had moved the stop into profit pretty quick due to movement in eur/chf.I ended up taking 55 pips on this one before going to bed.

Basicallly it was a break of the current pattern. Staying tight on the risk by moving stop loss to break even then cover a few pips. Then let it run and close.

Unfortunately for the other pairs the marekt is playing shinnanigans, so i couldnt come up with a few more trades for you guys. Hate it when the little guys can control the market.

Thanks a lot for your comments on the trade, please keep them coming!

Just finished reading all posts in this Thread, just wish to say "Thank you" to Takisd..... Good job..keep it up..

I have a simple trade, short Gu at 1.4410, SL and TP 100 pips. Is it ok everyone?

I took that one, and in return broker decided to ruin my life by slipping me cos of my volume increase, am now disputing it.

How about this? I'm waiting...

If we get the down then yes, It should come. AT least in my opinion.