Hey fellas, this week is a washout for me, not gonna be able to trade this method, but goodluck and nice to see some pips being made.
Apologies in advance for my spellimg, but it's 9.40 pm in london, time for a nice scotch! LOL
Some great posts, if you have'nt already done, reread posts 2367 and 2368. Perfect example of traders analysing, and thinking about how to maximise profits.
I'm gonna ramble and address various points, not necessarily in the right order:
Spike: 1% on any given trade, no more than 3% live in the mkt(i.e 3 positions)
Scott: How do you see the price with all those lines, LOL. I think my 4 ma's do exactly the same, but are are a bit clearer. 20 and 50 give immediate trend, 100 and 250 from timeframe above.
Money management is key, as is trading with the trend, but, i've never traded with a set target for the week, which i presume to mean, if your target for the week is 100 pips, if you make that on monday, then stop trading, Why??
My job as a trader is to take risk, to take any opportune signals that i see, when they meet my personal criteria,if i shut my charts on monday because i've made my target, how many trading opportunities am i ignoring?? Thats pseudo - loser claptrap.
Anyway, good luck fellas, i'll check in later this week, hope you make some good pips.
To me demo trading is worthless, until you have a few quid riding on a trade, you will not know how you will react.
Cheers
Apologies in advance for my spellimg, but it's 9.40 pm in london, time for a nice scotch! LOL
Some great posts, if you have'nt already done, reread posts 2367 and 2368. Perfect example of traders analysing, and thinking about how to maximise profits.
I'm gonna ramble and address various points, not necessarily in the right order:
Spike: 1% on any given trade, no more than 3% live in the mkt(i.e 3 positions)
Scott: How do you see the price with all those lines, LOL. I think my 4 ma's do exactly the same, but are are a bit clearer. 20 and 50 give immediate trend, 100 and 250 from timeframe above.
Money management is key, as is trading with the trend, but, i've never traded with a set target for the week, which i presume to mean, if your target for the week is 100 pips, if you make that on monday, then stop trading, Why??
My job as a trader is to take risk, to take any opportune signals that i see, when they meet my personal criteria,if i shut my charts on monday because i've made my target, how many trading opportunities am i ignoring?? Thats pseudo - loser claptrap.
Anyway, good luck fellas, i'll check in later this week, hope you make some good pips.
To me demo trading is worthless, until you have a few quid riding on a trade, you will not know how you will react.
Cheers