THE CREATOR AND OWNER OF S.N.M "Serve no Master" Trading Stystem
- #117,722
- Jul 3, 2009 2:30am Jul 3, 2009 2:30am
- Joined Oct 2008 | Status: sideline is a position | 105,220 Posts
those who can, do. those who cant, talk about those who can
- #117,724
- Jul 3, 2009 2:32am Jul 3, 2009 2:32am
- | Membership Revoked | Joined Oct 2008 | 2,791 Posts
i am long in eur-chf depending on my strategy
i am not +4
do u suggest quitteng ??
- #117,726
- Jul 3, 2009 2:35am Jul 3, 2009 2:35am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
- #117,727
- Jul 3, 2009 2:36am Jul 3, 2009 2:36am
- Joined Oct 2008 | Status: sideline is a position | 105,220 Posts
those who can, do. those who cant, talk about those who can
go and first have your morning tea
thnx ali - i already had my nescafe gold
but what made me afraid is a two medium effect news 30 min ago
bad for euro
i dont know if they affect instantly or what ?
THE CREATOR AND OWNER OF S.N.M "Serve no Master" Trading Stystem
- #117,729
- Jul 3, 2009 2:36am Jul 3, 2009 2:36am
- Joined Sep 2008 | Status: Married - 5 Wives | 14,713 Posts
always like your spirit
I'm very interested to know more about your experience please.
How do u see this business?
You still have lose trade let's say 1 from 10 for example?
What your view? Where we going?
You trading only TL and fib or use indicators?
Thanks
1. Read "Trading in the Zone" (Three times)
2. I only use trend lines, bull / bear flags and 50% fibs - Period.
3. Constistently risk no more than 1% of your account. Whatever % you choose should always be consistent. That means your losses will always be in equal $ amounts for each trade.
4. No more than one trade open at a time. Try to trade only one pair. I try three trades in a day. Two winners and one loser bring enough money. (Rest of my trades are just for fun which I can afford.)
5. Risk Reward ratio should be realistic and size of moves (number of pips) should be within range of your TP and SL. 1:1 r/r is good. However, 1.5 risk and 1 reward are also good if there is high probability of their success.
6. If you fully understand the above, IMHO you don't need anything else, atleast I don't.
The Thief of Wall Street
- #117,733
- Jul 3, 2009 2:45am Jul 3, 2009 2:45am
- Joined Oct 2008 | Status: sideline is a position | 105,220 Posts
those who can, do. those who cant, talk about those who can
- #117,734
- Edited 2:50am Jul 3, 2009 2:48am | Edited 2:50am
- Joined Sep 2008 | Status: Married - 5 Wives | 14,713 Posts
well when we just hit 3980/86 you saw the reaction.. chicky saw it..longs did not have push... bears are lurking looking for a better price.. maybe 4017 bulls cant push us there.. small battle.. relax pack a small snack.. below notches number
The Thief of Wall Street
- #117,735
- Jul 3, 2009 2:48am Jul 3, 2009 2:48am
- | Membership Revoked | Joined Oct 2008 | 2,791 Posts
Okay.
Gator is bearish.
AtLast is bullish
Reload is mixed.
Notch is confused.
- #117,737
- Jul 3, 2009 2:50am Jul 3, 2009 2:50am
- | Membership Revoked | Joined Oct 2008 | 2,791 Posts
Yes, we both had this magic number. But couldn't achieve my target of 3.5% account growth for today ....... missed this target by one penny