Hi Joe I don't have a fixed percentage. To be honest I don't think in percentage terms, I try to go with 0.1 lot per £5000. But it also depends on the pair, the setup and to be honest how disciplined I am at the time. Over staking a trade is my ...

ADX Engulfing Millipede

I'm in Fez. Honoured to be name checked, but there are far better stacking/millipede position traders than me. I have so many trading demons I am fighting. So many bad habits from years of living in trading fantasy-land. Can't wait to hear from your ...

Extracted Thread (per thread starter's request)

It depends what you mean by fail. Bobi does say that with alot of the templates if price goes the other way, the target is still valid. Remember there is no time recommendation and Bobi never suggested a SL or where to consider the trade fail - he ...

Are support and resistance levels predetermined?

I guess obviously enough. Thanks for the insights.

Geppy's Geppy Thread (GBP/JPY)

Ok - thanks. The other thing that doesn't sit well with me is this. It's often said that retail traders are only a fraction of the market, if that's true, how do we actually provide liquidity?

Geppy's Geppy Thread (GBP/JPY)

I agree that's how it works, but the question I have in this scenario is 'why would an institutional want to sell when JPY and EU are clearly racing to the bottom, why wouldn't they just hold?' Am I missing something?

Geppy's Geppy Thread (GBP/JPY)

- what did I tell you.

Only Gold!

Not at all Billy - I know my trading weaknesses and failiures and don't see them in your trading. In the end, as long as we are all moving in the right direction, learning from our mistakes, trading our plan/strategy and building our account, that's ...

Only Gold!

I'm with you Billy - I'm still overall bearish on Gold and starting to build some more shorts.

Only Gold!

Morning Billy. Welcome to the wonderful world of gold. Have a great week. Steve

Only Gold!

- abosultely.

Only Gold!

Absolutley. I had a stack of 17 GU trades short earlier in the year, I closed them too early and ended settling for a good % profit, instead of a huge % profit - that error was due to a bias I held. This time, I closed early because I was doing too ...

Only Gold!

I'm confused. Why would you think I'm referring to you?

Only Gold!

Thanks. I came out with a decent profit, so I won't complain.

Only Gold!

I guess I lived up to my name . Yesterday was a bit of a nightmare with a series of mistakes and bad choices. I saw that price had spiked down into a weekly demand zone, it was then that the TE will have been showing that the account was doing ...

Only Gold!

Ahh!! Got stuck in a meeting and got caught out badly. Had to take drastic action, which led to closing out all my trades. I know I'm going to regret it, but I'd built so heavily, I had to ensure I bagged some of it. Trades until worth anything ...

Only Gold!

Thanks for the input CT.

Only Gold!

FWIW I think this spike is profit taking ahead of US news and the weekend (that doesn't mean it's reached the top today). There is an implicitly stated currency war and race to the bottom between EUR and JPY (as the EUR drop yesterday shows) - and ...

Only Gold!

Hu HanHanid - how are you doing? I've not heard from Bobi since the last time he posted. I do recall last year he was quiet for a long time and then posted again around 2 Jan for a day or two to post baselines. Whether he'll do the same again this ...

Are support and resistance levels predetermined?