and that's how they all get rich?Quote from hilojack:
Well not exactly. The formula is quite simple. Find a pair, put a stop just above or below the most recent swing high/low for short/ long trade. Take the amount of pips from current price to stop and multiple by 2-4x to get your target.
Then backfill with potential news events affecting the pair. Rinse repeat.
Quote from hilojack:
Well not exactly. The formula is quite simple. Find a pair, put a stop just above or below the most recent swing high/low for short/ long trade. Take the amount of pips from current price to stop and multiple by 2-4x to get your target.
Then backfill with potential news events affecting the pair. Rinse repeat.
Quote from oldtime:
you can always figure who is not going to last very long
they think they have it figured out
Like my truck driving Daddy always use to say,
"You can say you are familiar with the road, but don't ever say you know it."
Quote from oldtime:
well, to be honest with you Jack, now that I am single and divorced, there is probably not a woman on television that I would not "do" if the opportunity presented itself, except maybe Ann Coulter.
at any rate, they are all bracket traders
it's hard enough picking the stop
but if you think you can also pick the entry and the target
you might as well go to the track and try to pick the trifecta
Quote from oldtime:
and that's how they all get rich?
When will they be talking about bracket traders
on "Lifestyles of the Rich and Famous?"
they might get one lucky guy on there
I've been doing this a long time
what worked yesterday
probably isn't going to work tomorrow
there are some constants
but that is all money management
I've seen every kind of hair brained scheme come along and go
what is that you say?
just put a stop above the most recent high?
Is that original?
or Who writes your material?
big difference between trading out right and trading optionsQuote from cdcaveman:
haha maybe thats good news for me.. and i'm ok with being stuck in i don't f9cking understand mode..