Dakoo Goes Rogue

I'll give an intro later. I just shorted cable at 1.5603.. hehe

Allow me to give a formal introduction. I am fairly well read as a trader, have spent a couple of years preparing. Now, I am going to test it all out on a live account. I'll be keeping this journal to enforce accountability and to learn from my own and others mistakes.. I will appreciate your input(unless it's a put-down). Especially from experienced players here on FF.

Now for my method. I have price based approach. I will look for opportunities from 6AM GMT to 6PM GMT. The trading is based off a simple 1hr candlestick. My premise for taking trades is simple. A one hour bar has the aggregate of tens of billions worth of transactions inside it. After all this activity if price wishes to go down, then it really must want to go down. Why argue with something that is much more powerful than you. I'd rather just go with the flow. I don't follow fundamentals of any sort. I will continue to stick with the trend until it has run its course. The other aspect is rigid risk control. No single trade will jeapordize my account by more than 1.5% . If an entry doesn't go my way and eats 1.5% of my account, I'm out. My influences in trading range from Richard Dennis, Ed Seykota, Feb2865, FTI and James16.

Lets see how it goes. Wish me luck

Regards.

short?
may get painful

regards

Exit at 1.5625
Net 1.5603 - 1.5625 = -22 pips.

Yes. It just act like it didn't want to go down. Thanks for stopping by FTI. Good call. I cull my losses short

o yaar.. kenne kya tenu short jaan nu....kithe tenu short dikhya hai GBP... pashayoo aaram nal... inni kaali top pick karen di....

V

Yaar it was not so much top picking as a down bar which prompted me to short. hota hai.. kya kar sakte hain

Hey there,

Best of luck with your journal,

Hi dakoo,

Just thought I'd drop by & wish you all the best with the journal! Stick with it and you'll learn so much about youself

Kind Regards
Steve

Thank you, friend. Good luck with your pips too

Thank you for your good wishes...