Sorry for not posting yesterday work was really full plus I wasn't trading as mentioned earlier.
Thanks for all the posts and comments - I appreciate people chipping in where and when they can.
deanoracer - Agree on the set number of pips. I too use the old highs and lows for these plus a few to cover stop runs / spread. That said I rarely have a SL above 30pips as usually I'm with the wrong direction I've found if beyond 30pips.
Thanks - edgartan, investing101, behram, Gwan & Black Bird
Hammertop / plukin - It is a good book I have listened to..... Maybe I need the hard copy and listen / read it when I'm less distracted. Agree there is some sound advice which actually helped in my personal life a great deal.
kinspk - I'm sure the trade log will help in gaining more experience and to continue to aid in my learning - appreciate the comments.
Sorry PaulDaemon - I have to admit I can't follow those guidelines, if they are working for you then well done but as mentioned above I trade intraday where possible and so that sort of drawndown would not suit my style or personality.
Bicarus - this is true I have a set-up around London session that has worked well in the past so I will continue to focus on past winners and how they arose to try and improve my accuracy / preferred set-ups.
Thanks SheldonFX - agree with the 2% max risk.
Thanks for all the posts and comments - I appreciate people chipping in where and when they can.
deanoracer - Agree on the set number of pips. I too use the old highs and lows for these plus a few to cover stop runs / spread. That said I rarely have a SL above 30pips as usually I'm with the wrong direction I've found if beyond 30pips.
Thanks - edgartan, investing101, behram, Gwan & Black Bird
Hammertop / plukin - It is a good book I have listened to..... Maybe I need the hard copy and listen / read it when I'm less distracted. Agree there is some sound advice which actually helped in my personal life a great deal.
kinspk - I'm sure the trade log will help in gaining more experience and to continue to aid in my learning - appreciate the comments.
Sorry PaulDaemon - I have to admit I can't follow those guidelines, if they are working for you then well done but as mentioned above I trade intraday where possible and so that sort of drawndown would not suit my style or personality.
Bicarus - this is true I have a set-up around London session that has worked well in the past so I will continue to focus on past winners and how they arose to try and improve my accuracy / preferred set-ups.
Thanks SheldonFX - agree with the 2% max risk.