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monty505 replied Nov 11, 2014As is obvious I employed the H1 exit for 9 trades and only employed D1 exit strategy for NZD/JPY which was initiated yesterday. My rational behind two step exit strategy: since I am trading only in the direction of D1 trend, my stop losses are based ...
Daily Trend Trading Journal
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monty505 replied Nov 11, 2014image image image image image image image image image image
Daily Trend Trading Journal
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monty505 replied Nov 11, 2014Nov 11- Will most probably end updating this thread if no other person contributes, points out mistabkes or discuss their ideas cuz that was what I started this thread for. I guess my style of trading based only on price chart and no indicators ...
Daily Trend Trading Journal
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monty505 replied Nov 4, 2014lol dude, 1 min is crazy, but your battles with GBP/JPY are amusing - my charts 4H and above say all's well for now, so good luck with the longs - I'm just gonna wait till the daily break out to actually happen. I see that both of us tried to ...
Trading is as simple as ABCD
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monty505 replied Nov 4, 2014Nov 4 - Trade 1 - AUD/USD - Short Reason - H1 entry signal - got trapped - Stop Loss Hit Lesson - Not going to use H1signals anymore, going to use H1 to further refine H4 entries only. Trade 2 - GBP/CAD - long Reason - H4 signal - stop loss set to ...
Daily Trend Trading Journal
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monty505 replied Nov 3, 2014That's great clive, well done man - happy for you. And the fact that you traded it on 1 minute is just mind blowing. I did check out the chart at ABCD thread.
Daily Trend Trading Journal
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monty505 replied Nov 3, 2014well dude my hats off to you for trading the 1 min or any time frame below 1 hour - the discipline and difficulty level are both high and I sometimes do question whether the rewards are worth it - but if its working for you that's great. I do get ...
Daily Trend Trading Journal
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monty505 replied Nov 3, 2014Nov 3: I knew I'd be rusty so decided to be ultra conservative. Less than 1% risk per trade. First trade of day: XAU/USD Reason: since I had captured 500$ from it last week (started trading again last wednesday) - felt like going short lol and ...
Daily Trend Trading Journal
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monty505 replied Nov 2, 2014So I guess what I mean is because my entries will be short term, I will be able to exit before the daily trend changes in most of the cases and so am not so worried about the daily trend strength.
Daily Trend Trading Journal
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monty505 replied Nov 2, 2014Hey Clive, Thanks for sharing your knowledge and the indicator - its awesome that you've developed a strategy out of CCI, LWMA and your own trend strength measuring indi, i did some experiments with CCI though never touched the LWMA, in that front ...
Daily Trend Trading Journal
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Daily Trend Trading Journal
Started Nov 2, 2014|Trading Journals|18 replies
Previous Experience: Not Good. Attempt: 2nd and Last. Starting Trading Capital: $6400 ...
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monty505 replied Oct 31, 2014well slippage happened with me but I profited from it tp at 1772 but closed at 1770 - so come on bro, part of trading
Huge slippage on a trade
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monty505 replied Oct 31, 2014Well people it really is a big big plus when you get positive slippage from a broker and it should be appreciated - i set my tp at 1172 and got closed at 1170 in XAU/USD - thank you fxcm for the slippage in my favor, much appreciated
FXCM Discussion
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monty505 replied Apr 3, 2014bo7anon- hedge it, wait for trade balance number and then open hedge once you see PA
Only Gold!
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monty505 replied Apr 1, 2014Jackeollio, as long as it wasn't an April Fool's joke lol - the webinar sounds great
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