Eur/USD is wedging and will more than likely have a break out today, i am hoping north as that is my trade direction from yesterday.

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Thanks for the reply there m8. I hope all goes well for you in the future. As you have said this is your system and you are completely at home with it and that makes alot of difference. Most will not trade this way because it defys basic trading ...

(can) small accounts make a living ?!

I complete agree. If you just accept the Risk wholeheartly and trade no limit only a SL where it belongs then when the market does run you will in effect double your profits. For some this is how they will trade, for me at the moment I am happy to ...

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I pulled this from PC quote on the link above that might help. "The Eur/Usd breakout (chart attached) at the beginning of the week was a fun trade. I bought Eur/Usd at 1.2906, sold .5 of the position at 1.2925 for 19 pips (better than 1:1) and left ...

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Mate I take nothing too critically, everyone has there opinion which ever way it takes them. I am just glad that I am helping some. I have been trading for some time and really really struggled to get a grip on what I was doing. Like you and some ...

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You must be tired of seeing me Just further on candle formations. The higher a time frame, the stronger their message. On an hourly chart you get the infomation for the past 60 mins, 4 hours = 240 mins and so of. What this means is simple. While ...

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The benefit of trading is simple. If your not comfortable about a trade then you dont have to take it. There are no rules that you HAVE to follow other than your own at the end of the day. A bearish Pin bar on an up day has a little more risk by the ...

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Hi there dale, How are things

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Just to clarify this. I trade at the moment with 2 mini lots a trade. Whilst my account allows a little more, I am a bit more conservative and it allows me to take another trade should a situation arise on another pair, or the same pair at another ...

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Free trade

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Not too sure on that. Those are pin bars/ or dojis and depending on the TF they can be a great indicator of direction and change. The benefit of a Pin bar with a LONG tail and that has good pip length is. 1) It can give you information that the ...

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I took the Eur/USD long. 24 pip risk seem quite well in my book. Not too sure what will happen but im committed. Still looking for others out there

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You can shoot me if you like but I was wondering. I have not read the complete thread but looking at your results you appear to be a scalper who is running risk. Most of your trades you are in and out for small gains however your losses at times ...

(can) small accounts make a living ?!

It is great to see you have a bunch of winning trades, however im not too sure on what Risk to Reward you are using. Ill outline with a case that a gentleman put forth a couple of years back. He was also highly successful, with a win rate of 92%. ...

(can) small accounts make a living ?!

And it could'nt be said better in my opinion

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NO TRADES — Well this is the first time in 2 weeks I have got no trades in play Looks like it is time to bait up and go fishing

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GBP trade stopped out 1.4310 for 125 pips

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He will not tell you and the reason being is that the edge is different for everyone. The EDGE is basically what you see, what you learn and what you implement as a trader to give yourself the best chances for success in your career. Peter through ...

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I only use a 25 SMA for profit taking. I adjust my SL as it moves up/down and take whatever is given. I dont like to use S/R as areas to take profit because this is a breakout strat. If you get stopped you get stopped, move on to the next trade. I ...

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time for bed all, Ill catch you all tomorrow for the open of a new day. May the pips be with you

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