Quote from panyc:
hi Baruch
i think you're amazing. seems like you are always
getting such great results. can't remember when
was the last time I made more than 50pips in one
transaction.
are you still using 50SMA? I'm keeping track of that
right now, as well as 20EMA, next time I enter I'd
post here, just so the rest of you guys can see whether
I had entered unwisely. It'd be great to see the rest
of the guys trading who're reading this forum to post
as well. =)
We could all learn from each other!
Jerome
Quote from Baruch:
hi Jerome,
Yes, your right. We could learn from each other. And I look forward to see some posts from you about your trades.
Yes, I still use 50MA - I have (paper)tested 20MA, but I don't like it. I suppose it's OK, but just not for me.
Many pips? Yes, some days. My big problem is to stay in a good trade. Sometimes I move my stop to b/e (or + 10 pips) too early, because I hate losses.
I don't use 1 min chart anymore - only 5 min and 30 min and 60 min. I hope one day to use 10 min instead of 5 min. I need a longer term view to let the profit run.
Quote from panyc:
you use 5min charts as well? is this to discern entry
positions?
i tend to look for signs using candlesticks as well...
but definitely still learning, especially since the
candlesticks are different at different time intervals
jerome
Quote from panyc:
anyway where are you located baruch?
right now i'm in new york, so the london session's
a rather crabby time for me.
i'm going back to singapore in a month's time,
hopefully then i can be at the computer when
the action's taking place!
jerome