Lets Talk about Money Management One of the most underestimated things in trading is how to deal with money. I have learnt like everyone else that you manage poorly at your own peril. I am not embarrassed to admit that I have been wiped out a few ...

The Monetary Policy Strategy

AUD - Today's Analysis 6th February 2020 I look at my charts once per day, as mentioned previous I used closed charts from the previous day at GMT 0:00. so with this mind todays chart looks like this image After the bullish candle of Tuesday ...

The Monetary Policy Strategy

Have to be Clean A long time ago I decided that I wasn't going to use any indicators, at all, just lines to mark ranges. The reason for this is that in order to be clear about whats happening you have to remove the noise. One of the things I did to ...

The Monetary Policy Strategy

Day to Day If you are the type of person that spends hours and hours each day with your charts then get a job as an analyst, you really have no business being a trader. A trader by definition is someone that trades something when its is advantageous ...

The Monetary Policy Strategy

Part Five (Last One on Strategy) The final part to my overall strategy is extreme patience. Doing nothing in trading is making money - why - because you are not loosing on trades you shouldn't be in. Price will tell you by the types of candles it ...

The Monetary Policy Strategy

Part Four In previous sections we have gone through the effect of monetary policy on currency, now we will look at an example. I like and feel like I have deep knowledge on AUDUSD, so this is my choice to use here: 1. Through August, September and ...

The Monetary Policy Strategy

Part Three Placing trades is the difficult bit and where to enter and exit is hard. Appropriate money management techniques, calm rational thought is the only way to trade, so with this in mind I engage the following so I can not be dragged into ...

The Monetary Policy Strategy

Part Two Thanks for reading Part One I hoped you enjoyed it and understand the thinking behind my trading strategy. Trading is the tricky part, if there was certainty then it wouldn’t be called trading so you have to get comfortable with the fact ...

The Monetary Policy Strategy

I would say mm is the most important the rest can be learnt over time, if you don’t manage risk then you are not trading for long simon

Simple Method Make Profit

Hi i would say this always look at wins and losses in percentage terms cause the money you make is essentially immaterial to how you manage money. Percentages tell you the real risk regardless of whether you are trading $10 or 1 million, keep ...

Consistent monthly profit with 50% risk

Could be right there about 6700 at NY strong push during the london morning so in order to go higher a retest looks promising. Simon

AUD/USD

Hi Brave of you to disclose your activity, quick question - why was your last trade a loss of $145, you seem to have a hard and fast 20 pip win rule, are you not applying the same logic to loosing trades. Simon

Trading Journal 2020

Hi All My thoughts on GBPNZD is that the d1 chart indicates that the downtrend stopped in June of this year, form there is built a nice base and since september has been on a bullish run. Looking at the d1 chart there is no reason to believe that ...

GBP/AUD, GBP/CAD, GBP/CHF and GBP/NZD thread

Hi Guys I think GA is set for more bullish trend in the medium term, we have had a strong uptrend since around september of this year and price action seems to suggest that this will continue for a while yet with no real signs of weakness on the ...

GBP/AUD