OK here are my results for the past 5 days.... Thursday - +30 Friday - +30 Monday - +30 Tuesday - -50 Wednesday - +30 (At 00:01 Thursday, was still in trade so moved stop to within 5 pips and left to run) Early Days but lets see....

daily range Strategy

Sorry Just a quick response today..... Picked up a good trade this morning. A break to the upside and picked up 20 pips. Not bad for a mornings work

Breakout Strategy - The Pro's Way

Lyndonn, I am like you... I am predominantly a breakout trader, but if the opportunity is there then I would trade the news also. I don't think there is away to trade the news with a spreadbetting platform. I think to get the speed of execution we ...

Spreadbetting The Forex

Lyndon, I understand what you are saying.... All I was trying to do is let people know of my bad experience so other people don't have to learn the hard way and they can learn from my mistakes. Sorry if this has wound anybody up!!!!

Spreadbetting The Forex

Whilst on this thread I thought I should let you guys know about the biggest crooks on this planet. They are a company called MDSSpreads and heres my story.... Octobers non-farm payrole, 2 minutes before I had 2 orders on one to sell and on to buy ...

Spreadbetting The Forex

Eyevoltage, There is away to do a similar thing to lots. Basically you just have to decide how big one lot is to start with. For example I spread bet at 15 pounds per point. So in effect I could look at that as 3 lots of 5. I could partially close ...

Spreadbetting The Forex

Akuma, I like that post... I see what you are talking about though. I have been tempted to add loads of indicators... actually let me rephrase I started you using the market analyser software with Turning points, conductors, CCI, Stochastics, RSI ...

Breakout Strategy - The Pro's Way

Thanks Mike for your post... It is true what you say... The only stumbling block we currently have is the placement of the stoploss. As statistically speaking once the market goes past a certain point it does fulfil it potential nearly 70% of the ...

daily range Strategy

Robert welcome.... Ok to do with support and resistance, I am no expert on tis subject but seem to be doing ok..... I don't really take previous days spike as only only point of support or resistance... You see the market can be trending upwards or ...

Breakout Strategy - The Pro's Way

I see alot of potential in this... In tight range days I guess it just means you must stay up late..... I don't think the GBP/USD has ever stuck in a 60 pips range for 2 days running. So if you have enough money then I dont see why this wouldnt work

Breakout Strategy - The Pro's Way

Fixme that sounds really interesting... So let me understand this Lets say hypothetically speaking the high for today is 1.8900 and the low is 1.8800. So our average price is 1.8850. Now once the price hits 1.8950 we take a trade in that direction?. ...

daily range Strategy

Hi Liz, What you say is music to my ears.... I have been trading for a little while mainly based on Breakouts as mentioned. I do get days where I lose and feel like it is something wrong with my system but that is the mistake all novices make right. ...

Breakout Strategy - The Pro's Way

Thanks Markj for that detailed feedback... It looks good to me.... The real test for all us looking at this is the forward testing...

daily range Strategy

I understand.... I guess i'm looking for that no risk scenario which doesn't exist. To behonest I have traded 10 breakouts in the last 2 weeks and 2 days and have made money on 8 out of ten of them on the GBP/USD. I asked the question cos today I ...

EUR or GBP Which is the most profitable pair for a Novice

OK people my update for today. Entered Early this morning on a short breakout.... got whipsawed hurrendously and am now looking for a re-entry although to be honest I don't see it happening this late in the day. Down 30 pips. Anybody any ideas how I ...

Breakout Strategy - The Pro's Way

Ok still in this trade at -$240.... wow this is really playing with my emotions... What to do what to do......It feels like thi will never end. mmmm Lets see I'll keep you guys updated

daily range Strategy

That sounds really interesting.... Im not sure if I understand it though... Are you talking about basically doubling up on each side until you hit your profit target so theoretically speaking you will profit ever day by say you 40 pips. So you only ...

Breakout Strategy - The Pro's Way

Miguel I see what you are saying... and you may well be right but.... The figures are not random figures that I have just invented from nowhere. Basically I took the daily ranges for the past 2 years and started to analyse the numbers... What I ...

daily range Strategy

Thanks for the input guys.... So you are saying that the cable market is much more prone to whipsaws and fake breakouts??? Liz - You mention line-on-close trendlines.... Sorry to sound like a moron but what do you mean?

Breakout Strategy - The Pro's Way