I doubt people put much into this. I cant figure what this system actually .. if its subjective then its not a 97% system. At best 40-60.. Not much for turtle trading. Forex will eat you up with the break out stuff.
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DislikedThis thread amazes me. All of these people trading and nobody asks for an account statement showing the amazing 97% win rate.
But hey, its only money...Ignored
DislikedI doubt people put much into this. I cant figure what this system actually .. if its subjective then its not a 97% system. At best 40-60.. Not much for turtle trading. Forex will eat you up with the break out stuff.Ignored
DislikedHey JFX81 -
Thank you for your continued interest in this thread and your valuable advice. I am sure that followers of this thread appreciate your contributions.
I have been PM'd by several traders wanting me to help them learn to trade after I have finished with my current students in March. If you would like, I can reserve a spot for you.Ignored
DislikedThanks, but no thanks. You must understand that my postings in here are purposeful and meant to make sure people take precaution before committing their hard earned money to a strategy that some don't seem to quite grasp and have not actually seen to be profitable save for the word of a poster on the internet.
It is a bit curious as to why you would post only a month worth of trades but at least it is something. I actively will look forward to seeing this thread play out and can only wish you the best.Ignored
Disliked
JFX: Maybe you should join the police force because you seem well suited to that type of work. If everyone behaved the way you do, nobody would be sharing anything substantive on this forum. perhaps that is your intention.Ignored
DislikedFor those needing advice, I attach a setup I took in December. This was on the Cable, and at the time that pair showed an uptrend on the daily chart. As I do with all pairs that I trade, I draw a horizontal line where I see the strong S/R level. In this trade I placed a buy 6 pips above the horizontal line. I leave it to you to see what happened with this trade.Ignored
DislikedHey JFX81 -
Thank you for your continued interest in this thread and your valuable advice. I am sure that followers of this thread appreciate your contributions.
I have been PM'd by several traders wanting me to help them learn to trade after I have finished with my current students in March. If you would like, I can reserve a spot for you.
I have finished my trading for January. Attached is a statement.Ignored
Dislikedthought john w might findd this interesting....
Good read on trading I like to trade using lines. Lines define support and resistance areas. Lines can be [...] are.
For example, if the floor traders are gunning for money-management stops, guess what price levels they will test? Clearly, the pivot point support and resistance levels are the prices at which many stops are placed because everyone knows where these expected trading limits are.
The central pivot point (CPP) is the equilibrium point around which trading is expected to occur. The calculation for tomorrow’s CPP is simply the average of today’s high, low and close. When ]...u are interested in. Study the next day's price action in the context of those pivot points so that you get familiar with the dynamics of the market.Ignored
Dislikedaihua5-
The EUR/JPY is my personal favorite pair. Because of its positive carry and my familiarity with it, I give it lots more room in a trade.
The 30-pip SL is a guide. Since I use S/R for trade entry, it makes sense to use it as an SL. If I find an S/R level close to the 30-pip S/L, I will use that instead.
Profitable trading is as much an art as a science. Trading requires thinking about what makes sense. Every profitable trading system I have ever seen has some discretion in it. For example, I never trade NFP, even if I see a good setup. Every EA I have tried, which by their nature use firm S/L and T/P points, overtrades and ultimately blows up. I prefer to select (that's discretion) opportunities that are optimum. I prefer to take about 20 trades per month.
Most of the trades (with small lot sizes) were taken as a result of my trying someones else's ideas (EA or signal service). Despite a positive overall result with them, they merely act to confirm the benefits of my trading method.
Trading is not assembly line work. Tons of vendors try to convince you to buy systems claiming that "every time 3 indicators line up, enter the market". Trading without thinking (what news is coming, what are the fundamentals, where is the long term trend) will ultimately fail.Ignored
DislikedJust posting some possible set ups. Short on the EJ just under the red line if it breaks. Some resistance was show days back here also.Ignored