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- peterM replied Sep 23, 2007
I am also long.. entry 2.0204.. maybe the chance to move the stop to b/e soon.. we will see.. 0.5% of equity risked.
Simple 5 / 8 moving average crossover
- peterM replied Sep 23, 2007
One thing that I found massively helped with the psychology was switching to daily time frames and therefore making far fewer trades than I was before. the time commitment is much lower so you may be at less risk of micromanagement. You need to find ...
Mental Barriers
- peterM replied Sep 23, 2007
Yeah.. Greed kills a lot of things. Most traders will lose, whenever a successful strategy becomes widely used, it will no longer be effective. I know a couple of folks with bloomberg terminals who trade the spikes very successfully though. I am not ...
News Trading in the UK : how & who to trade with
- peterM replied Sep 23, 2007
I know a broker that does TRY/JPY and many other try pairs... are there restrictions on mentioning brokers here? I seem to remember reading it somewhere, I dont want to break the rules :-)
Major Pair Interest Rate
- peterM replied Sep 23, 2007
you can export the data from MT4 and put it in a spreadsheet
Forex statistics
- peterM replied Sep 22, 2007
The number of pips largely depends on your style of trading. If you are a scalping, it may be much fewer pips than if you trade daily and weekly charts. Also, it will depend on the currency pair.. You may wish to risk more pips on GBP/JPY as you ...
Road behind....road ahead.
- peterM replied Sep 21, 2007
I used to scalp during the asian session, but I mostly deal with daily timeframes now.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- peterM replied Sep 21, 2007
I found the money management the hardest thing at first. Like you guys I let greed get the better of me. 2 years ago I didn't know about this forum unfortuantely.. but back then i was probably 3.. now I am between 4 and 5. Almost 5, but not quite. ...
The 5 Steps of becoming Successful Trader
- peterM replied Sep 21, 2007
definately agree with you there.. most news traders fail like other forms of trading.. the minority that do so are disciplined and sometimes have bloomberg terminals
News Trading in the UK : how & who to trade with
- peterM replied Sep 21, 2007
It sounds to me you are holy grail hunting. I don't think you will find what you are looking for. Being a good trader takes a lot of hard work.
Profitable trading systems, which are 100% mechanical?
- peterM replied Sep 21, 2007
thank you for your kind words, I hope you have some success with the strategy.
Simple 5 / 8 moving average crossover
- peterM replied Sep 21, 2007
yes, those were a cross, would have been a nice trade.. GBP/JPY really shot up :-)
Simple 5 / 8 moving average crossover
- peterM replied Sep 20, 2007
sorry missed that.. a 33 year high then.. Has this paved the way for an all time high I wonder? Time will tell
OMG! USD/CAD @ 1.0000 today?
- peterM replied Sep 20, 2007
It is certainly keeping well with its oil correlation at the moment :-)
OMG! USD/CAD @ 1.0000 today?
- peterM replied Sep 20, 2007
nevermind, I got stopped out at break even this time.. Time to wait for another signal.
Simple 5 / 8 moving average crossover
- peterM replied Sep 19, 2007
I thought that might be the case. I have only traded the nfp and interest rate decisions live when there has a big deviation in the numbers. I didn't trade the initial spike and i still often get some slippage.
How do you trade news?
- peterM replied Sep 19, 2007
I bought gbp/jpy just above the 23.6 fib at 231.80..
Simple 5 / 8 moving average crossover
- peterM replied Sep 19, 2007
Does anyone here straddle consistently successfully? I have tried it on demo a while ago and it seemed to go ok, but I haven't ever tried it live. Won't brokers slip your orders on a live account if there is a big spike ?
How do you trade news?