Thread: Face Daytrading Corner

Originally Posted by ;

Congratulations, looks like your off to a good start. What method/system are you currently using, possibly post a few charts?

Hello, Thank you for your article and for reading the journal.

Really its pretty easy trading. Stoploss max. 8-10 Pips and Limit of 4-5 Pips or more (its up to the position ), if the market goes against you lets state -7 Pip close the place on 0 or small triumph, its up to your own feeling. Use the 1 and 5 Minute Chart to sense the pulse of this market, dont work crazy markets that are moving to fast since your stop wont survive in these markets.
Function support and resistance levels, they provide you higher chances of winning.

The film is merely an example of what I mean, no indis only resistance service and market pulse... or you might call it price action.

And stay too long in the market... try to keep it fast, if the place takes too long to offer you profits, and you get a nasty feeling... close it.

Its hard to describe simply use your feeling its the best indi, I believe...

Try it and take 50 rankings and then look I believe you will be in profits. Dont stop if 2-3 positions struck the stop continue on and then make the bill.

Sorry for my weak english and good luck.

Lets begin the journal

1. Day,
Monday - 05 April 2010

Nice, I like your easy approach. I have another method I am working on that is somewhat similar, where I only grab 5-10 pips profit in swing high/lows near the conclusion of the U.S. markets on the EURO. I look forward to tracking your progress.

Good luck!