- #972,882
- Mar 24, 2015 6:55am Mar 24, 2015 6:55am
- Joined Dec 2010 | Status: Foook Bollinger-dr.Kegel knows! | 9,794 Posts
- #972,885
- Mar 24, 2015 7:00am Mar 24, 2015 7:00am
{quote} so you are using 0 spread broker?whenever u op, u got red pips already. are you hestitate to believe in your trading method while your position is still red perhaps -3 -4 -10 and willing to close it asap? you want to make a position that directly positive? goodluck finding that method buddy
5% a day keeps the 9 to 5 away.
- #972,887
- Mar 24, 2015 7:04am Mar 24, 2015 7:04am
- Joined Oct 2008 | Status: sideline is a position | 105,127 Posts
those who can, do. those who cant, talk about those who can
- #972,890
- Mar 24, 2015 7:10am Mar 24, 2015 7:10am
- Joined Oct 2008 | Status: sideline is a position | 105,127 Posts
those who can, do. those who cant, talk about those who can
Decisions time!- #972,892
- Mar 24, 2015 7:13am Mar 24, 2015 7:13am
The picture posted above is "accumulation" on the m5 tf. My strategy is rather simple, and I will give a very broad explanation of it.
Once you are in a confirmed accumulation, simple look at the candle which CLOSES making a new high or low from the accumulation.
Now the low of that green candle place a red line under it.
Now all you have to do is respect the fact that every time a candle closes across that line, you must follow that new direction. My research has led me to the stats that no particular price on the 5m after breaking out of accumulation on a pivot will be experience more then 4 losses in a row, thus resulting in you losing 10 pips before gaining 10 pips.
That form of trading of course goes against what swing traders do, as they tend to aim for bigger profit, thus risking more, and they tend to add to losing positions, which this setup doesn't allow for. So now maybe the person who said that I have such a high return on a small pip count means my money management isn't good. Well you can see now why I can have negative pips, and still have a +return.
5% a day keeps the 9 to 5 away.
- #972,894
- Mar 24, 2015 7:14am Mar 24, 2015 7:14am
- Joined Dec 2010 | Status: Foook Bollinger-dr.Kegel knows! | 9,794 Posts
- #972,897
- Mar 24, 2015 7:17am Mar 24, 2015 7:17am
- Joined Aug 2011 | Status: Trader | 4,956 Posts
As the lights go by so too do the shadows move
- #972,899
- Mar 24, 2015 7:21am Mar 24, 2015 7:21am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
Hi S ,nothing to left but NZD is up against it ,I just dropped in to help Ken A out 
{quote} Hey Bones, Funny to see you over here, what do you have to the left? {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
