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Thanks Magic, that is sound advice. rarely have i made 10 pips on a trade so bravo to you, but its more fear more than the opportunities not presenting themselves. I just enjoy 'scalping' my small profits daily and consistantly. sometimes i just take 1 or 2 but doing that a couple of times...

thanks :) i prefer GBP/USD for two reasons: 1. I am very comfortable with it and kind of 'feel the pulse' for want of a better expression. perhaps because i have always traded it since i started. my system apply to the Eur/USD but i prefer to stick with what i know. 2. I find that the...

Hi. 1. Just GBP/USD exclusively 2. Between 2 and 6 per trade 3. anywhere from 1 to 6 trades per day 4. difficult to decide on an average, it's between 20 secs to 5 full mins sometimes, but generally no more than a minute ot two max. My strategy and targets only require me to make 4...

thank you thank you! that is exactly what i wanted to hear ..... i'm sticking.

'drawdown' ..... its so good to share this and learn. thanks i trade both but find down directions to be faster to exit with less chance of weakening positions during a trade although ultimately both succeed. as long as the trend is definate. i NEVER enter when i'm unsure because i've learned...

oh, i forgot to mention that if the current period hits the high of the last before hitting the low (entry) i dont trade it. got a feeling i'm teaching people here to suck eggs! :/

hey, thanks. i'm a struggling bar owner and desperate to get out of it. ....overheads!! and not so good for family life. i agree cable is a sound guy ..... thanks again cable. i trade GBP/USD 5 min candlestick charts and identify trends using 14 day SMA and 14 day EMA. not really sure how...

thanks! i pretty stoked about how its going. the micro is for a friend who has been demo trading and wants to dip his toes but is terrified of losing even though i am guiding him. he wants to be able to trade with confidence on his own without coming over to my place all the time. i think he...

great to read. can you recommend a micro account? thanks

I started a thread on ET three months ago and initially got slated for my lack of forex jargon even though i explained i was fairly new to it. I have a trading startegy that i have stuck to (although fine tuned) and it is has consistantly made regular profits. yeah yeah i appreciate we are...

Only if its a Glenmoarangie. Just been given a bottle of the 'Lasanta'; its different but........ oh my god :cool: I cannot imagine entering into trading without complete discipline and respect for the environment i'm in.......Its no different to surfing (forgive the kook analogy). The...

You're my heros :eek:

Does it suprise you that a surfer can string a sentence together? :D I have nailed trailing stops and WOW they have made a significant diffrence to my trade gains. I am averaging and extra 2 points per trade using my strategy so i'm very pleased although GBP/USD had me sweating a little...

Hey Bill, I would certainly like to think that more than 95% of traders are making gains on the balance. However, I think that if someone is serious about making trading their living they need the right software, hardware, time, money and emotional balance to succeed which basically...

I have been using a simple 14 day SMA which seems to fit my strategy well. I've opened a new demo account to'parallel' next to my real trades and used it today which has been interesting. I have also taken your advice and stayed in a little longer and so far am 12 pips higher than i would...

I will start that and let you know how it works out. I've looked at previous charts and your suggestion is very helpful and will of course help me do better. The evolving strategy........... very exciting. Thanks for taking the time.

Of course you are correct, but I am so nervous of deviating right now. Quick profits are appealing to me simply because i am inexperienced and scared to death of losses. The small gains are very confdence boosting! I can recognise a trend and i feel that my finger is on the pulse because i'm...

Right this is my strategy; you may not like it and it may be very simple and been done a million times blah blah blah, but it works for ME and i'm just trying to share what i do and hopefully learn something from others. I really appreciate the advice that has been given so far, so thank you...

Well Secxes, I dont live that world of looking like a dee dee whatever that means. Yeah I'm new and yeah probably a bit naive but guess what? I'm making afew quid. It not about the jargon (i'll learn that) its about making money and I am doing that consistantly. We'll see what happens...

Thanks f9, The stats speak for themselves. 64 days trading, 372 points gained and NO losses (i'm serious). I may be being a little naive, but heres how i see it: 3 months at £10 per point x 6 per day x 5 days x 12 weeks = £3600 Next quarter trading at £20 per point = £7200 If...