Hello everyone,
Now I am a relative newbie but i do know most of the basics but I still have alot to learn. Anyhow I been trading a system developed by Jeff Wilde.. anyhow I think that I really need help with understanding the money management way of this. I am a little worried because in my first 2 weeks of demo trading ( and with micro lots) I've done 4500 pips. I determined my stop loss to the second lowest candle from entry. Anyhow I don't want to get myself excited because I 've been reading other peoples results and these seem quite high. I have emailed Jeff screen shots of my trades to make sure that they are valid trade set ups and also asked him to check my adding up because I was a little shocked at how easy I found the system. Anyhow I do like this system as it is easy but I am wondering as I want to better educate myself can someone please direct me to a trading system on the forum that trades longer time frames, I am interested in 4hr and daily. I have 3 small children plus I homeschool my eldest so I don't have time to scalp the market and I also find that this style doen't suit me, I much prefer the longer time frames.
Now I am a relative newbie but i do know most of the basics but I still have alot to learn. Anyhow I been trading a system developed by Jeff Wilde.. anyhow I think that I really need help with understanding the money management way of this. I am a little worried because in my first 2 weeks of demo trading ( and with micro lots) I've done 4500 pips. I determined my stop loss to the second lowest candle from entry. Anyhow I don't want to get myself excited because I 've been reading other peoples results and these seem quite high. I have emailed Jeff screen shots of my trades to make sure that they are valid trade set ups and also asked him to check my adding up because I was a little shocked at how easy I found the system. Anyhow I do like this system as it is easy but I am wondering as I want to better educate myself can someone please direct me to a trading system on the forum that trades longer time frames, I am interested in 4hr and daily. I have 3 small children plus I homeschool my eldest so I don't have time to scalp the market and I also find that this style doen't suit me, I much prefer the longer time frames.