Search results

But you pay commissions with MB and IB. If you're an intraday short term trader, it can add up very quickly. No one is abusing me :)

Yes, there is an "execute trade" screen, looks very user friendly :eek:

Just seen that link, thanks a lot ! EDIT: but it seems you can't open a new position, is that right ?

Yes, very painful...

Thanks for the link. Very poor story with the strategy based on climatology (you don't believe it 1 second) and with all the trader's cliches: the cocaine, the easy girls, the nice cars and so on... Overall, a very obscure movie :D

Hi LF, It seems you're in a swing trade from 1,42 so here is my daily chart. Still within upward long term channel and above EMA. 1.4020 is a very important support (previous Resistance, EMA, and TL) to break in order to go lower. If we hold above this level, a test of 1,4250 high is...

Been there and I think this is the wrong thing to do... You must apply your strategy whatever your PnL is ...which means you have to trust it first :) Remember, focus on the process not the outcome.

Sure, how can I help ?

I think we were quite in sync on this one :D

Futures are great to day trade but IMO you are way too much leveraged for a beginner. Don't forget you can't trade less than 1 contract and the next step is 2 contracts, there's no in between. With FX you can start with smaller size can and increase it gradually, which I find more relaxing...

I think the FX market is a great place to learn because you can trade very small size without commission. You can start with a 200 USD account and learn to read price action. Try to trade CL and you will blow up your account immediately :)

That's what I do as well, it helps me to remove the hesitation feeling when the price comes close to where I want to get in :)

2 very nice trades today. Do have your stop entry ready for the break of the trend line (1st trade) or do you enter at market ? Well done :)

70% of retail traders are short if you look at Oanda's book, the trend is up (LH and HH in almost every TF from 15min to weekly) and the price action doesn't show any single sign of reversal. We had a similar situation in USD/JPY lately when everyone was trying to catch the bottom around 80...

It's very true trend days can be rude. It always seems too high or too low, bars are usually bigs and it's difficult to enter. I've used to fight the trend countlessly .... especially when I have a bias on the other side of the market. A very effective way to manage a big trend like today...

Don't be sorry you just took your setup and I think it was a valid one. Reversal can be brutal in the european session, it could have worked very well. Been out that long a bit early :eek:

Been trapped on that one too, very tempting lower high after 2 legs up :) Fortunately I reversed at 72 when 1 min chart showed some strength above 20 EMA. This failure was a great with trend entry !

Absolutely, no commission, spreads tighter, why would you bother with futures ? If you don't trust your broker you can always bring back your profit on a bank account and only leave the necessary working capital with your broker ! It seems the euro forgot to say hello before leaving this...

Ok I understand you're not willing to accept any retracement for the psychological comfort it brings. I must admit this is very difficult to hold a winner (especially when you're in the middle a trend) and your strategy is absolutely fine as long as your R:R is good. Was also wondering...

Nice triangle break out. How is based your exit strategy ? It seems you often take 6-8 pts when the market can give you much more. Obviously it works for you but have you tried to adjust your exit on price action as you do with your very precise entries :) ?