hi all
i am starting this thread to see if there is anyone who has a different view of the market like i have .....
i mean trading without rules , without checking the past to read the future with lagging indicators .
i am a musician , i like trading and i don't like rules so much .
i only respect a strong money management very much, i think it's the most important part of trading .
Market is bidirectional , once you have placed a trade market will be with you or against you .
What i am trying to develop and to discover is a good way of exiting bad trades with profit or at least break even .
. this is what i do :
i check the trend ....and try to follow it .
- i don't use stop losses, since i use very small amount of my money .
- In case the trade is against me i hedge: with correlation ( eur usd with usdchf or aud usd ) or with the same pair opening a double opposite position, i am in itay, i can do it ....
- my goal is to make 2-3% a day , and honestly i always do it.
i watch the chart on h1 timeframe , if it goes up i buy , and if it goes down i sell .
i put a stop at breakeven if i consider that i am in a good trend , and i open new positions if i am right .
no lagging indicators, no trend line, no s/r , fibonacci and so on.
market does whatever he wants, i follow him...
i am starting this thread to see if there is anyone who has a different view of the market like i have .....
i mean trading without rules , without checking the past to read the future with lagging indicators .
i am a musician , i like trading and i don't like rules so much .
i only respect a strong money management very much, i think it's the most important part of trading .
Market is bidirectional , once you have placed a trade market will be with you or against you .
What i am trying to develop and to discover is a good way of exiting bad trades with profit or at least break even .
. this is what i do :
i check the trend ....and try to follow it .
- i don't use stop losses, since i use very small amount of my money .
- In case the trade is against me i hedge: with correlation ( eur usd with usdchf or aud usd ) or with the same pair opening a double opposite position, i am in itay, i can do it ....
- my goal is to make 2-3% a day , and honestly i always do it.
i watch the chart on h1 timeframe , if it goes up i buy , and if it goes down i sell .
i put a stop at breakeven if i consider that i am in a good trend , and i open new positions if i am right .
no lagging indicators, no trend line, no s/r , fibonacci and so on.
market does whatever he wants, i follow him...