This guy is my trading hero, I recommend his journal for reading.
http://www.forexfactory.com/showthread.php?t=237739
http://www.forexfactory.com/showthread.php?t=237739
Dragon Rider
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***Dragon II*** 15 replies
DislikedI went long in this bearish trend, with all this daylight savings time crap I missed the start of London..lol and trades went in 2 hours after open... Hopefully a push to resistance at 129.60 as reported by a number of websites. if I had followed rules I wouldn't have closed my trades from yesterday early... and I shouldn't have taken trades so late. tp's at 128.80 would of had it already..lolIgnored
DislikedThis guy is my trading hero, I recommend his journal for reading. http://www.forexfactory.com/showthread.php?t=237739Ignored
Disliked{quote} FTI's "rescuing troops" doesn't work in the long term. It's called averaging a loss which is an account killer. Before Dongsky abruptly disappeared and asked Twee to erase his account, he was averaging his drawn down short positions as EU went from 1.1800 to 1.5000. The math didn't add up that he was able to rescue all those positions that were deeply underwater. The market will return to equilibrium 85% of the time. It's the other 15% it doesn't that does the most damage. I went through a period of trying this in 2010, and while I was able...Ignored
DislikedDoes anyone think there is a downward bias on GBPJPY tomorrow? GBPJPY seems to move broadly in line with USDJPY and that seems on a downward trajectory because: a) US elections being too close to call b) market having priced in rate increase optimism which will evaporate once rates remaim unchanged.Ignored
Disliked{quote} I disagree -- If something didnt work for you does not = "doesnt work" for everyone else. The bold part is the key Quoted from FTI on No Stop loss trading Dance the dance. If you cannot take the heat, stay out of the kitchen, If there's a problem. Chances is either over leverage or over trading, or under-capitalise. These mkts you are trading in, are killing fields, Its not for anyone....balls of steel are also required Let me counter your graph. {image}Ignored