As simple as possible: 00 level trading
- #2,922
- Jun 17, 2014 1:55am Jun 17, 2014 1:55am
- Joined Jul 2008 | Status: Trader | 5,763 Posts
Sleep less, live fast, as it aint gonna last
- #2,923
- Jun 17, 2014 1:57am Jun 17, 2014 1:57am
- Joined Jul 2008 | Status: Trader | 5,763 Posts
Sleep less, live fast, as it aint gonna last
- #2,926
- Jun 17, 2014 1:59am Jun 17, 2014 1:59am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
{quote} was only joking, as long as you make green pips
It would be an easy matter to forward test your strategy on silver, gold what have you as many other traders are sure to do.
The reason why I'm interested in your strategy is because of the following:
1. Its easy to apply
2. It concerns only small movements in the market
3. Having a SL > TP is not such a bad idea when applied correctly (in this case it allows just the right amount of breathing space)
4. Eventually and at the right time (market timing) it may provide me with an opportunity to "load up" on an entry
That's why I'm excited....it looks promising thus far but lets see how we go.
I'm sure you have some interesting data that you've collected over the testing period....
All the best,
Masterrmind............
Master your Mind then Master your Trades
- #2,928
- Jun 17, 2014 2:01am Jun 17, 2014 2:01am
- Joined Jul 2008 | Status: Trader | 5,763 Posts
Sleep less, live fast, as it aint gonna last
- #2,930
- Jun 17, 2014 2:04am Jun 17, 2014 2:04am
- Joined Jul 2008 | Status: Trader | 5,763 Posts
{quote} That's quite ok ..... It would be an easy matter to forward test your strategy on silver, gold what have you as many other traders are sure to do. The reason why I'm interested in your strategy is because of the following: 1. Its easy to apply 2. It concerns only small movements in the market 3. Having a SL > TP is not such a bad idea when applied correctly (in this case it allows just the right amount of breathing space) 4. Eventually and at the right time (market timing) it may provide me with an opportunity to "load up" on an entry That's...
agreed
I'm sure you have some interesting data that you've collected over the testing period. => Oh so true, but each trader MUST find it out for him/herself as that is the only way to gain confidence in him/herself and the system as well !!
Edit: that is why having a tradejournal is vital if you want to succeed in forex
Udine
Sleep less, live fast, as it aint gonna last
- #2,931
- Jun 17, 2014 2:06am Jun 17, 2014 2:06am
- | Additional Username | Joined Apr 2014 | 1,054 Posts
- #2,937
- Jun 17, 2014 2:10am Jun 17, 2014 2:10am
- Joined Jul 2008 | Status: Trader | 5,763 Posts
Sleep less, live fast, as it aint gonna last
- #2,938
- Jun 17, 2014 2:10am Jun 17, 2014 2:10am
- Joined Jul 2008 | Status: Trader | 5,763 Posts
to those trading XAUUSD etc , do you notice with the "sweet spots " there are some really good moves on xauusd etc , maybe a partial close and be stop loss would catch those big moves ?.
test it out and keep us posted
Udine
Sleep less, live fast, as it aint gonna last
{quote} Edit: that is why having a tradejournal is vital if you want to succeed in forex Udine
I do this too but have two main issues with it:
(1) I don't have enough room on my screen to record everything I would like to about the trade. (If i write everything on the screen I just cover too much of the graph itself)
(2) I don't know how to name/manage the files when I save them in order to be able to easily and quickly find the ones I need after I have hundreds (or thousands) of those prt-screens saved.
Any input would be well appreciated.
"Always be yourself " Batman