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Grimweasel replied Dec 31, 2009Ahh, the old trickster is back LOL !!! The only resource we need is our Monthly-Daily charts and maybe the FF Calendar so we don't trade into a major news event maybe? All the other resources are just news guff - put out there to deceive and mostly ...
Strat's Long Term Stress Free Trading
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Grimweasel replied Dec 31, 2009From a purely tech view looking at the charts of EurUsd and UsdChf I see that we have had respective major TL breaks on good momentum. I would now expect an attempt by traders coming back from the Xmas break to try and reestablish the major trends. ...
Strat's Long Term Stress Free Trading
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Grimweasel replied Dec 30, 2009A chart for thought for the opening of 2010...
Strat's Long Term Stress Free Trading
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Grimweasel replied Dec 30, 2009TB This kind of indicator driven drivel is not that welcome here old chap - if you had read from PAGE 1 you may have thought twice before making a fool of yourself. If this is supposed to be ironic humour then I'm sorry for being dim and missing it. ...
Strat's Long Term Stress Free Trading
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Grimweasel replied Dec 15, 2009Cable - some odd price action on my feed - almost a succession of IBs the price is winding up for a move. Interestingly the bottoms of each day have been violated triggering early shorts but the tops of the IBs have not. Could this mean that floor ...
Strat's Long Term Stress Free Trading
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Grimweasel replied Dec 14, 2009Hmm are we not being a little too eager here in picking tops and bottoms? The lovely line charts have a habit of showing the way on the boss chart. Seems there could be too much worker bias when we know we look for direction on the boss and enter in ...
Strat's Long Term Stress Free Trading
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Grimweasel replied Dec 14, 2009I was told recently by 'city mate' that even volume in equities is meaning less and less these days as the dark pools are taking away more of the trade. The 'off exchange' stuff is gathering momentum as it's giving traders and companies an advantage ...
Strat's Long Term Stress Free Trading
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Grimweasel replied Dec 14, 2009I've been watching that pair for some weeks. I like the fact we have had a break of the down trend line on strong momentum and then a fade back into the trendline to test it. Like the others have mentioned I would like to see a close above the last ...
Strat's Long Term Stress Free Trading
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Grimweasel replied Dec 13, 2009Hi Clifton!, Yes, IG for me; I have tried many brokers and I found the worst to be CMC; bad fills and hugely slipped entries and exits. IG have been around for 30yrs and I know a few seasoned guys using them. I use sharescope and there are many ways ...
Strat's Long Term Stress Free Trading
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Grimweasel replied Dec 13, 2009Did some spread analysis this weekend and I may take a few pairs off my watch list, regardless of PA as the spreads with my broker are too wide. EurNzd is 25 pips, so 50 pip round trip before any profits or added to losses! GbpCad is 10 pips, so 20 ...
Strat's Long Term Stress Free Trading
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Grimweasel replied Dec 12, 2009LOL!!! Found this chart on a blog! Bless; as long as people load up their charts like this and ignore the price action is gives us someone to take money from!! How many squiggly lines does one need to justify a trade??
Strat's Long Term Stress Free Trading
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Grimweasel replied Dec 12, 2009What a bloody awful pair to trade Larry! That just screams chop-chop to me and I would not even trade this pair as trend trader on current showing! There are easier charts to trade imo. Then again, if you have an 'edge' on this pair because many ...
Strat's Long Term Stress Free Trading
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Grimweasel replied Dec 11, 2009LOL - Yes been reading again but nothing to do with entry/methods etc - just trying to find a money management style that I know I can believe in and trust myself to obey; all stress free of course!
Strat's Long Term Stress Free Trading
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Grimweasel replied Dec 11, 2009I’m liking the EURNZD chart currently - I have a .pdf file on Stops management and the chart looks exactly the same as the eurusd chart that this ‘Dr Barry’ bloke was using to explain 4 different stop strategies that his students use (he's a 37yr ...
Strat's Long Term Stress Free Trading
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Grimweasel replied Dec 9, 2009Nice analogy Clifton - I may save that one for my journal - thanks for sharing! Another gem I was sent by a trader-mate, also worthy of journalising! "The rules are simple; trade with the trend, cut losses and let profits run. Execution is more ...
Strat's Long Term Stress Free Trading
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Grimweasel replied Dec 9, 2009Thanks Spinner - you are right, perhaps 2% could have been too much. The issue lies with broker min pip size value and meaningful stops I think. I set the 2%-6% rule ages ago as it seems to be a widely held MM level. I did read another Pro's ...
Strat's Long Term Stress Free Trading
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Grimweasel replied Dec 9, 2009Thanks guys - I had a 'gut' feeling there was something off about it, but it was the first trade in 6months (Live) with my new account and I think fell for being too eager to trade. A good reminding lesson in patience. The real test should be at the ...
Strat's Long Term Stress Free Trading
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Grimweasel replied Dec 9, 2009Hello all! Thought I'd share my losing gold trade with you. I took a long off that 'hammer' 2 days ago and was rinsed and became a 'trapped trader' myself! I recall thinking exactly this at the time and as such set my long stop-buy a little higher ...
Strat's Long Term Stress Free Trading
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Grimweasel replied Dec 7, 2009He he - Me too - nothing on the worker to get me involved but I'm watching some pairs very closely- waiting to see if the USD does start to rebound this week. Cable is looking interesting with a B Boss and Boss Shooting Star but the stop distance is ...
Strat's Long Term Stress Free Trading
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Grimweasel replied Dec 3, 2009url Ignore this blog and be ignorant of some of the best trading psychology articles available on the 'tinters!
Strat's Long Term Stress Free Trading