I trade off 1 hour. No particular reason other than my old mentor suggested it was the only true short term timeframe. I dno if its true, but since then I have been comfortable on 30min or 1 hour. I have been trading more on the 1 hour over the last ...

How people should really trade!

Well, without giving away too much about how the business i work for works. Capital is allocated monthly. (15th of each month, no idea why this time).

How people should really trade!

Dno who billrayvalentine is. So couldnt tell you. It could be described as naked trading, i think someone else on this forum calls it that? Its just reading the prices of the market and following them, knowing when they will stop or suggesting they ...

How people should really trade!

OH, and if there is anyone who works in the sydney CBD and would like to have a chat at lunch time (i dont drink coffee, and take an hour walk at lunch) when im at work, send me a pm and i will say hi. Edit: oops i quoted myself.

How people should really trade!

I took 47 pips on the a/u trade (back just in time) i also took some profit on g/j and g/u short. I still have a guest here in my house, so that will most probably be it for the day. Hope you all had fun.. Ciao.

How people should really trade!

heres a quick chart before I have to go. I sold aud/usd. The reason being that there is no real support in the market at the moment, so I sold until evident support. The stoploss at resistance (i will be moving up about 8 pips to cover any break ...

How people should really trade!

Well, money makes the world go round. But if your drive is money, then you are in the wrong place. I once had to describe my facination with "making money". It was simple, I've always loved numbers, this is just a career, where I like to see the ...

How people should really trade!

My mistake, I wrote that in a rush this morning. Hotshot young traders, something like that. But drawdown is in terms of capital invested, do you agree? If I land my first 5 trades as profits, it would be a very rare occaision that I have to worry ...

How people should really trade!

Right but also wrong. There are two types of professional traders, one is the type you mentioned, they generally will be lucky to open a trade once a week, and really go for the long haul (trying to avoid the market noise). Then there are high ...

Success stories

I trade on both dukascopy and at another broker... I don't feel like mentioning because people will just bitch. You are mistaken in terms of the method calculate risk. Risk is how much you stand to lose, not how much capital you are using. I.E my ...

How people should really trade!

Ok, heres my stats for the day. Total Trades: 23 Short Positions (won %): 18 (82.50%) Long Positions (won %): 5 (80.00%) I ended up doing a bit of market maker trading on a/u and g/u, as the market was perfect. This method of trading is taught by ...

How people should really trade!

a little e/j action. More risk than the G/J as it hit a better res. The g/j is sitting around -80 at the moment. I should get both, but stop loss is there just in case. The e/j risk is about 4% with TP at 8.5% Enjoy the eve, this is the last one for ...

How people should really trade!

Lol I know, I just love a challenge

How people should really trade!

heres some g/j fun. I am trading a bit longer term on this one. Smaller lots, the risk is relatively high as the volitility is psycho. I entered because there is considerable market resistance at the current stages, there is room to breath on the up ...

How people should really trade!

Ugh just came online to check on a few things and it seems some posts are missing. I am upset as to why people would remove certain comments from my thread. I like the criticism, proving someone wrong is fun....

How people should really trade!

g/u closed out +38 pips. Price stalled.

How people should really trade!

Another one, with a trade I booked. It was kind of booked for novelty, but anyway, its all in the name of fun. The price action was a break out of a triangle on the 1hr. The triangle is obvious. The only sad part about the trade is that the trend is ...

How people should really trade!

What is skunny? Anyway.. Heres a quick chart for you. I even drew 2 lines on it to show what I would think visually... As you can see, the market is sideways (the prices are going across the chart rather than diagonally up or down). The 200 SMA also ...

How people should really trade!

I already mentioned that people have been saying it for ages. Or at least in my own way due to lack of mental capacity right now.. My body temp is 41oC. What I'm saying is, that a million guys have systems here there and everywhere. When actually ...

How people should really trade!