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- 424 Results (370 Replies, 54 Comments)
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modsky replied Dec 13, 2023Boring trades to start the day in early session. London session had a few but they took too long for me but of course it was expected since everyone waiting for the FED news in mid NY session. I grab what i see when i see it. Alerts tell me when to ...
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modsky replied Dec 13, 2023still one of the best true-isms. STOP IT! I guess i am just a boring trader. I have one, maybe two trades open at a time. BORING. I only work a couple of hours. BORING. I draw very few lines. BORING. I use no indicators, VERY BORING. I do not post ...
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modsky replied Dec 8, 2023Off my game today due to medical emergenices at home. All fine, but entry orders where i anticipated things should work, were off a bit, trades took long and had drawdown, but this happens when unable to monitor market and adjust entries neat ...
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modsky replied Dec 7, 2023as many as show up. some days there are none. Most days 5-10. Much depends on if market is ranging or trending, and how much time i feel like trading that day. Over the past 7 years, my average is just over 50p a day when i count all possible ...
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modsky replied Dec 7, 2023this buy took far too long, did run negative partway, did not hit my mental stop, and i was making myself some coffee in the meantime, not monitoring. Had my TP set. Came back TP was hit, trade closed. Far from an ideal trade for me but the ...
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modsky replied Dec 7, 2023image this one took 3 minutes. ALMOST closed it for 6 pips partway through since it was taking so long. Did run negative about 3 pips but never went below my mental stop
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modsky replied Dec 7, 2023here was a quick unanticipated one, not part of my main system, but when i see it i take it. Again under 1 minute in the market. image
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modsky replied Dec 7, 2023image as example, trade 10p profit, less than 1 minute. Waited carefully while hunting the entry. Quite accurate, with under 1 pip of pullbak from entry. no stop loss. not the time for a 'runner' although this would give 20p so far but for me a ...
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modsky replied Dec 7, 2023MY experience with stops: I learned early from my one (and only) teacher. He used 10p stop loss, always. So I did the same. For a year I struggled always getting stopped out right before the trade would make me profits of 10p to ber able to protect. ...
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modsky replied Nov 26, 2023time to relax, did my few minutes of work. two trades. image
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modsky replied Nov 26, 2023sorry to disagree. You should work your passion BUT you have to work it smart! I did, retired from that at 40. Now doing second and third passions and still on my terms only. Life is great if you make it so. Nice to 'work' here 5 hours a week. If yo ...
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modsky replied Sep 26, 2023question: i see a buy trade on the left side, that goes from 1901.64 to 1901.74 I know traders often count gold pips differently at times. For my own clarity, do you consider that 1.0 pip, or 10pip. Your spread is 12 points, which for me is 1.2pips. ...
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modsky replied Sep 20, 2023i hope to have time to pop in more often. Busy time is almost over. Hopefully will be able to share a few charts etc. Off to chill for the evening now
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modsky replied Sep 20, 2023yes, all gold trades. It is all i do.
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modsky replied Sep 20, 2023I see so frequently that the fed news is (appears to be) leaked ahead...as it appears to have been again today. I like that because it is kind of obvious now, at least for me, that things will happen in a similar way as today played out. Still of ...
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modsky replied Apr 27, 2023when people ask me what it costs to consult for them AND even more so for the ones that want any of my woodworking projects and question my costs...I send them this. There is a reason i could retire at 40. Same goes for here when people want to know ...
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modsky replied Apr 18, 2023very busy day but here is the trading chart image
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modsky replied Apr 18, 2023an observation: not a comment on if i think sell or buy, or hold at the sideline. you say it may be too early to go short. so then why are you going short? FOMO? For me, and I may be alone in this, I have to be very confident in my trade to start it ...
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modsky replied Apr 17, 2023That is correct and that is why i have no set way to handle open losign trades. Each one is 'analyzed' on its own merits and a plan devised. Mostly it works well for me. As you say, higher tF still show buy is ok, and that is in part why i like ...
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