Thanks for the files, very useful :-)

Simple 5 / 8 moving average crossover

I really could not agree more with this statement. Personally I only risk 0.5%, but I am naturally very conservative in my trading. Many of my trades get stopped out for a profit by using a trailing stop. My winners on average earn about 1.2%. I ...

Simple 5 / 8 moving average crossover

well that news release will affect the yen.. It might go with your position it might go against, unfortunately there is no way of knowing.

Simple 5 / 8 moving average crossover

We have a 5/8 cross on GBP/JPY

Simple 5 / 8 moving average crossover

Thats good.. well done.. making a mistake is ok, as long as we learn from them

Simple 5 / 8 moving average crossover

That was a good.. cable jumped around 150 pips.. The bigger reduction in rates than expected sure produced a great opportunity.. I got in at 2.0060 and trailed it for +55 pips. I often trade the nfp and surprise interest rate decisions when they ...

Simple 5 / 8 moving average crossover

Thanks for the insight slushfund. Pivots are definitely very important in S/R. The market nearly always bounces to some degree at them.

Simple 5 / 8 moving average crossover

Yes, it can be, but you will get fewer signals. It may be better to do this on the smaller timeframes.

Simple 5 / 8 moving average crossover

I just say I trade currencies. Most people I tell immediately and wrongly assume that I am filthy rich.

Trader's title

I must agree.. Always use stops. Losses are part of trading and will inevitably happen at some point. You need to keep losses small, never risk large losses and let profits run..

Drawdown or Stop Loss

I like this tutorial.. nice and easy to understand

Brave Heart of GBP/JPY

This could just be a bump along the road for cable..I dont think the long term uptrend is over yet.

Cable Update (GBPUSD)

Interesting.. Do you pay any attention to support/resistance or not ?

Simple 5 / 8 moving average crossover

Thats great, you seem to be doing well with your strategy so far.. well done :-) What are you using for your tp's and stops ?

Simple 5 / 8 moving average crossover

Yes, I use the daily chart, sometimes I enter at midnight server time, other times I use limit orders at support/resistance points. Depending on the charts. I never like to risk too many pips. Slkosier seems to be doing very well with the smaller ...

Simple 5 / 8 moving average crossover

Sounds good, let us know how it goes :-)

Simple 5 / 8 moving average crossover

There have been queues outside northern rock banks. Savers are panic withdrawing their funds! They deserve everything in my view.. They are one of the most irresponsible lenders in the UK. They were prepared to give a friend of mine a 125% mortgage ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

interesting idea, could be worth trying on a demo for a while. Have you ever tried it ?

Simple 5 / 8 moving average crossover

I prefer to wait until we have the close candle before using it as a signal. You can use it as soon as they cross but I have found it to be a less reliable signal

Simple 5 / 8 moving average crossover

Yep, there are so many different ways to look at the charts. Often different ways conflict. I find it best to find my strategy and stick to it.

Cable Update (GBPUSD)