Re the above fair points One word description - pullback - is as good as any way to say it in one word. Not a lot to master for me....simplicity is first and foremost I trade (mainly) via the daily chart. No automation needed on that t/f Imo, it is ...

Trading Journal (only my take)

That is true, however, the options previously made should suggest to anyone that answer a, if fulfilled, means that any losses experienced are acceptable. That was the intention so that a trader can deduce for themselves what action, if any is ...

Stop searching for the 'Holy Grail', work on yourself!

A couple of questions anyone can ask themselves.... 1. Are you profitable 2 Are you satisfied with that level of profitability. Theses are fundamental questions that should then open up where they may be going wrong in their approach. a If answers ...

Stop searching for the 'Holy Grail', work on yourself!

In my case, I regulate any entry made in accordance to my previous post, ie all 4 elements to complement one another. I've covered detail on this a few times....the essence being that risk can be offset any number of ways. Your thread as I ...

Stop searching for the 'Holy Grail', work on yourself!

Imo there are 4 main aspects to be aware of, management is of course one of them, the other 3 are entry, s/l and t/p levels. Take a simple analogy....let's say earth, sun, water, gravity and the moon. Take any one of those away and humans couldn't ...

Stop searching for the 'Holy Grail', work on yourself!

Update for continuity purposes on live trades shown previously. Other live trades that I'm involved in are in varying stages and are not shown but have an identical and consistently rational approach to those illustrated. NU...TP1 hit sometime ...

Trading Journal (only my take)

Everyone looks at things differently, for example, what may be called your hg, will not be somebody elses. The funny thing happens to be that I don't actually need precision with my own strategy and entries , near enough is good enough for me, but ...

Stop searching for the 'Holy Grail', work on yourself!

The important part of your trade, irrespective of it's content,and which people should take note of is that you have a plan, and I'm presuming that plan is a consistent plan and sufficiently reliable enough to make a profit overall for you, which ...

Stop searching for the 'Holy Grail', work on yourself!

Yeah, let's hope then that your subscribers agree in order to improve their own approaches and their chance to succeed

Stop searching for the 'Holy Grail', work on yourself!

An unusually intelligent thread for a change...good stuff. Traders need think in terms of what factors constitutes a tradeable possibility. First off, a directional bias of deciding whether you are either a buyer or a seller is needed. Figure out ...

Stop searching for the 'Holy Grail', work on yourself!

A relatively quiet weeks trading...... for me at least. Took some profits on other pairs I'm involved in, adjusted some stops, a couple of pairs triggered...UCHF being one of them as shown a few days back, and that was about it. Seems to me that the ...

Trading Journal (only my take)

I saw a thread talking about the hg etc. Quite an interesting thread. Imo, as I've said before, anyone can be a competent enough trader in a matter of weeks if they know what they should be looking for. I don't hold with the theory that a trader ...

Trading Journal (only my take)

USDCHF has triggered a short order. It's Running against me at present which happens and is quite normal. Another po is also waiting to trigger. I'll manage these as previously or be stopped. I'm showing these trades as evidence that not all my ...

Trading Journal (only my take)

Back to NU...there has been a small retracement but nothing significant as yet. We know the markets rarely move in straight lines and we also know that that is more pronounced the lower the t/f of course. I am personally expecting more retracement ...

Trading Journal (only my take)

What many would-be traders don't really appreciate when trading the daily t/f for example, and this includes both inexperienced and so called experienced alike, is that the reality of a single trade position is all well and good, but unlikely to ...

Trading Journal (only my take)

It was a pretty good week I think especially for those looking to let their trades mature, and I expect many made decent profit no matter what their approach was. The 2 pairs that I've shown with live entries over that time also moved favourably ie ...

Trading Journal (only my take)

GU trade 1 hit target +130. The other 3 PO'S not triggered yet, and I'll leave them there for now in case of a retrace, which looks quite likely imo.

Trading Journal (only my take)

Update... GU PO1 has triggered NU still doing its thing No skill needed... so don't be fooled by any gurus banging on about nonsense....both just need time now one way or the other.... that's all!

Trading Journal (only my take)

NU chugging along, no action required from me at this point in time and just letting time do its thing. Now GU is quite nicely poised, so far as I'm concerned anyway, and I now have po's in place ready in the next day(s) or so. I don't need absolute ...

Trading Journal (only my take)

There are a number of pairs that conform to my approaches at this time. EU long and GU short for example plus others. Neither are ready for me to take entries just yet, but they are getting there...take note!

Trading Journal (only my take)