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- makingpips replied Nov 21, 2011
Signalled Down move at circa 7.50 GMT — When it did not get back above 13500 it told everyone it was going down at least in direction/ towards 13400 initially. All it has been doing since 7.50 GMT is failing to rise. Must take out 13400 to ...
- makingpips replied Nov 18, 2011
Are You Cocky When You Lose — As long as you are cocky when you lose too then you can consider yourself a well balanced trader. makingpips
- makingpips replied Nov 15, 2011
I Took My Cue From The HIGH and what followed — I would not see any support at 3540 (ish). Price action indicated decline at 7.42gmt 3618 as this was a LH below the high at 3619......later at around 8.32gmt attempt to rise was blocked higher ...
- makingpips replied Oct 30, 2011
SL Has To Consider Entry Price — Regardless of what platform you use the level of stop loss for any trade has to concern itself first of all with your entry price. If it does not then the retracement habit (back to supportive or resistant ...
- makingpips replied Oct 29, 2011
I Don't Take Uninformed Chances With My Money — Price Action set ups and understanding them allow the trader to take high probability trades. These as you now will form and confirm in lower timeframes. I accept that PA that confirms a set up ...
- makingpips replied Oct 29, 2011
There Are Indeed Many Roads To Rome — As a trader I have developed into someone who trades the move that has set up and confirmed based on Price Action and I ignore the diversions that arise en route to a higher or lower destination. I want to ...
- makingpips replied Oct 28, 2011
Set And Forget Works A Treat — You have hit the nail on the head so to speak. Set and forget is the way to go and you cannot get dragged into the lower timeframe price action. Those who sit and watch every pip of a move are often hugely ...
- makingpips replied Oct 27, 2011
Traders Are Motivated But Unfocused — I think I would add that having a workable method that suits YOU and which YOU can follow to the letter gives you the edge. I remember reading somewhere: "so many people are cheated of trading success due ...
- makingpips replied Oct 26, 2011
Both Require A Plan — BOTH WOULD BE DIFFICULT IF YOU DID NOT KNOW WHAT YOU WERE DOING. Both are doable with the required planning and execution. I would rather trade than go and rob a bank, as I am trained in the former and not in the latter. ...
- makingpips replied Oct 21, 2011
Women Trade In The Shadows — It is a little short sighted to declare almost all traders are men !!! How on earth do you know. I know loads of female traders.......they would knock most of the male traders I know out of the park. Female traders ...
- makingpips replied Aug 24, 2011
It's Not How Long.....What's The Impact — Some useful input above. I second it is not how long BUT what impact the news has. More importantly is the market now setting up to provide an entry to trade as per the strategy you follow as per your ...
- makingpips replied Aug 23, 2011
Refreshing — It is refershing to see someone posting a loss. We cannot win all of the time. As you know tomorrow is another day if not rescued today. I'll swerve the elliott wave discussion. We could be here all day. makingpips
- makingpips replied Aug 23, 2011
Ah You Meant Long Term Trend — I don't consult the longer term trade unless trading longer term. I would never trade with a massive stop loss either.Not even longer term. Intra day...........daily chart what is it doing today. Longer term ...
- makingpips replied Aug 23, 2011
More Or Less The Same Number — Yeah mine translate into about the same number as CP. No idea how similiar or different they are !!! Most important rule WHEN NOT TO TRADE. It is often overlooked. Cheers makingpips
- makingpips replied Aug 23, 2011
It Was Nothing Personal — You gave your view of the markets I gave mine. It was nothing personal against you or your approach. If your approach works great. My approach works (have been doing it exactly the same now for 8+ years) so I care ...
- makingpips replied Aug 22, 2011
Hard And Fast Rules — I am with you CrucialPoint. If anything I would add that discretion would add indecision. I stick to a set of hard and fast rules for entry/exit/stop. Same rules apply to any market I trade. They are embedded, they are ...
- makingpips replied Aug 22, 2011
Depends What You Mean By Random — If by random you mean that you do not know what will happen then NO I do not agree. If totally random as you imply how on earth could anyone decide on a course of action to take. I am not a fan of entering a ...
- makingpips replied Aug 22, 2011
A Different View Of The Market — I would challenge that the market moves up and down simultaneously. In a DECLINE the high price extreme (or established session high so far as some refer to it) remains static (does not get higher) and will not ...
- makingpips replied Aug 20, 2011
For DemoForever — Hi DemoForever, I do not generally use limit orders to enter a market always prefer to enter manually. But regularly place a limit for take profits at a sensible place based upon what PA has already indicated (particularly if ...
- makingpips replied Aug 19, 2011
You Again — Are you on a commission with upfx............can't remember the thread name that you started but only yesterday you were telling me and others that ALL brokers just rip you off and while you have never been a broker you did wotk ...