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bobby m
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no idea why the charts don't show, they appear on the preview post. click on them, they are there.
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quick update of some charts and recent trades, and yes, that is a 1m chart on eur/usd. Don't dismiss it as noise or being untradeable, it just needs very proactive monitoring, and moving s/l to b/e asap. all the trades should be self evident.any questions,ask. cheers
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Ok got an e-mail from the mods today, explaining what the problems were,when i was trying to post. Seemed very reasonable, so i thought i'd throw up some charts, of just a few examples of recent trades. Probably the only thing of note, is on the ftse chart. In the centre of the chart, i marked off a bull flag, as price was approaching an area i was looking to short,from a longer timeframe.This negates the shorting opportunity, as i have noticed price will often go past the zone, thereby hitting the stoploss. The same applies for a bear flag approaching an area i'm looking to go long.The safest approach, is to pull the order,and await the next opportunity.Preserving the account is the main priority.The two trades eitherside were pretty obvious.The second trade,closed half at 1st profit objective,stop to b/e, still in the trade.Gbp/chf same. The other charts are self explanatory. Regards.
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Sweet Jesus, this place is an embarassment to trading forums. Apologies to fellow traders, but the mods are ridiculous. Good luck to all p.s dont follow the squiggly lines, thats the devils/losing traders method.
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Well what do you know? Day 4 and still my posts are mod referred. Micky mouse bollox. I posted 4 trades,with charts, 3 closed out for an average of 5:1 R:R. the other still in play and up. This is why retail traders lose money, they are relying on complete muppets to regulate the forums. I'm off. Check the trades on the short lived tread, there's enough info there to become profitable All the best traders..
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Trade update. Eur/aud, aud/nz, silver. Profit objectives hit on 2nd part of trade. Average R:R 5:1 Sugar is now onside, i'll run it. Forgot to include 5 yr t-note. closed half, moved stop, 2nd profit objective met. Still wanna trade all those candlesticks, squiglly line crossovers????
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Hello mitsubishi, i had numerous business interests in relation to property, which can give very good percentage yields. regarding the last 18 months, they have been ok. The way i trade is very simplistic, orientated towards R:R. I think the point you are getting at, is that trends have become less apparent, with increased volatility due to the financial woes. I don't trade trends per se,although i keep an eye on the immediate daily trend when entering trades, so there has been little impact on my bottom line. Regarding my trading style, see my thread.It should be obvious. If it's not, please just ask.Retail traders, whether they are trading a 100 quid, a 1000 quid, a 10000 quid, or even a 100000 quid account, will not move the market. Most traders have no clue about the real market. 100's of millions is what you need, to impact price, and that can only sustain a short move. Hope this makes sense. regards
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I'm getting slightly peed off that after 3 days, my posts are still going to the Mods. Surely a moderator would have worked out by now if i'm suitable to post????
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Ship it in shag!! Heres where i used to work for more years than i care to remember. A broking house in the 80's......... [ame=http://www.youtube.com/watch?v=amXsNadCc44&feature=player_embedded]Harlows London - December 2, 1988 - YouTube[/ame]
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Hi i've started a thread with some charts.Think it's awaiting approval with the Mods. regards
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Hi this thread will show what setups i look for. Nothing new or clever here, it's basically the same setup over and over. Please note, i often have losing trades, but my R:R is always better than 1:1, otherwise no trade. Please feel free to comment, Here's some charts. Aud/nz short. this has been like watching paint dry.Closed half at yellow rectangle, moved stop down. Eur/aud long. closed half, moved stop. Silver short. closed half, moved stop Eur/usd short, i traded the first revisit, i tend to err on the side of caution and not take 2nd tests. Sugar short. looks like it will be a loser, will check action later. regards
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Thanks for the welcome. I've noticed you are both active posters, i look forward to contributing. You'll probably know this, but where do i post my trades and charts? As of tonight, i'm short Sugar @ 20.25, s/l 21.09, 1st t/p 19.30, 2nd t/p 19.00 Short aud/nz @ 1.2673 , s/l 1.2710, 1st t/p 1.2600, 2nd t/p 1.2570.Crap trade, forgot the massive spread. Sods law both will probably go offside, but there they are, better than hindsight trading.There are many experts trading that method. regards
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Stories to tell? I could make your ears burn lol. There is no conspiracy in the markets, thats just ignorant losing traders looking for an excuse or somebody else to blame. From what i see, most people on these type of forums have absolutely no idea of how the markets work. Brokers don't go hunting stop losses, the big boys are not out to screw you, the market is a completely level playing field. However, if you try to apply completely artificial concepts to a real market, then you are likely to struggle. just my two tuppence worth. cheers
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Great stuff ! I was one of those voices coming out of the speaker boxes. Those were the days
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Hi, i'm a new member and i just wanted to say a quick hello. To give you an idea of my background, i worked professionally in the interbank market for many years, as an FX broker, predominantly in Spot, but also in OTC Options for a while. I used to handle orders for the major banks and institutions. I left the market some years ago, but still retain my love of the markets,and decided to try trading about 18 months ago. I've looked at most of the main methods out there, but settled on a couple that seemed logical. Look forward to intracting on the forums. I should point out that despite previously being a broker,this does not however give any tangible advantage, when trading.I'm in the same boat as everybody else. regards