A Veteran Method Discussion

Hi Isto,

i was wondering, we talk about entrering and stop loss, watt obout take profit. Do you just entrer and move SL to every move or do you have any target to set TP.

And i wan`t to ask you if you trade just this method and how profitable are you?
How much time do you spend per day to trade this method and which currecy do you trade?

Hi zupi
I do set TP according to previous peak. But most of the time SL is hit. This is because I trade daily basicly and keep stops tight, otherwise loss is too much.

No I do not trade this method only. But for this method profit is much more thatn loss in last 3 months.

Not more than one hour. I open charts two or three times max during the day. I trade majors basicly because there is often setups, but others too if there is a setup

I like very much this method, it looks like a "high probabily success trades" method, it's simple, and we can also use fibonacci targets to find ideal target areas, or just trendline projections.
About the entries, they looks very good and stable, very good.

This is my second time i think i posted in this forum. I have been trading for less than a year in college and don't seem have to a tight grip on a decent strategy that is gives me consistency. I have have to say the number of winning trades i have EQUAL to the number of losing trades.

This is frustrating man...i lost like more than 50% of my live account and just switched back to demoing. I use indicators and a form of veteran floor trading method, but i am still confused on which time frame and when to enter. Every time when i do enter, the market goes against me. Can anyone point out my mistakes? what am i missing?

The attached chart shows some questions I have. It will be so helpful if any master traders can help out ! thanks!
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