Driven: I also use brokers that do not match Udine's. I just adjust the daily open line in the properties (+ or _ number of hours). and use the anycandle indie for 1 hour. This works for me - you can easily see if price is above or below the daily ...

As simple as possible: 00 level trading

Week's summary: Sunday: First 2 position trade - 30 pips TP 58 pips TP (with trailing stop Second 1 position trade - 30 pips TP Monday: Stop out 20x2 - -40 pips SL Tuesday: golfing no trade Wednesday: Stop out 20x2 - -40 pips SL Thursday: 2 position ...

Trading from NY close to London open

Sorry I didn't have time to post last nights trade live, but it was a good one. Due to the previous 2 tradess, I reduced my TP on position 1 to 20 pips. Of course it screamed to approx 70 pips. The second position with a trailing stop netted about ...

Trading from NY close to London open

Thank you Udine. I love this system. It does take a different mind set, but once you start trading it, you can see the potential. I placed my first 2 trades last night (morning your time) and both were winners. I seem to be constantly catching up on ...

As simple as possible: 00 level trading

Well that's 2 trades in a row that would have been winners if my TP was 20 pips instead of 30. I may adjust my expectations and lower the TP levels as well as tighten the stops. I'm a bit reluctant to put in a break even level, since I have used it ...

Trading from NY close to London open

I took the trade today based on the trend break, but waited for an hour until the spreads came back to reasonable. The market has really slowed more than normal, and my stop is tighter. We'll wait and see if it picks up in the right direction when ...

Trading from NY close to London open

I think I'll call it a day, and wait for the Aussie volatility to settle. Tomorrow I have a tee time after lunch, so unless I get an opportunity to trade on the golf course from my phone, or a setup occurs when I get home, I may not be trading.

Trading from NY close to London open

Well that was nasty. 8 pips away from take profit, and I get spiked out. It seems to happen after a very good day.

Trading from NY close to London open

Woops, I just noticed a second lower trend line. We'll see what happens. For now, I'll stick with the trade

Trading from NY close to London open

Executed

Trading from NY close to London open

Today's first trend line set with alert

Trading from NY close to London open

I said I would explain the second trade shown on the chart. There is a phenomena that occurs quite often and that is: If there is a run up just before the London open, price will usually reverse right away. If I see that, I will put on a second ...

Trading from NY close to London open

Just came across your thread and I admire your tenacity. Please post often, I will be following and contribute if you welcome others to post. If you want to keep this strictly a personal journal - just say so.

Late night trading

My explorer did the same. It says I lost 81%, whereas I actually made money. LOL

Cutting the cord with M1 scalps

Here's my take: I have found that your trading method/style is a major factor. By this I mean that your method has to be such that it allows a fairly tight stop. Personally, I use Fib retracements in a trend. For instance, see the attached image. ...

Money management in reality

I usually like 60mm posts, but I can't decipher this one. I can't read the image. As for your topic I think you have nailed one of the constant problems traders have. I know I have struggled with it. I'll give it more thought and post later. I look ...

Money management in reality

jonan, Look for pitchfork panel in search to give you what you want

Andrews Pitchfork (Median Line)

image

Andrews Pitchfork (Median Line)

I have been short term trading for a long time, but during that time I have repeatedly tried to conquer (unsuccessfully) long term trading since many traders maintain that is the best way. With long term trading you have to use tiny position sizing ...

Long term Vs Short Term Trading