Hi newbeggar, like your honesty, and I also know that feeling (rather too well!) . By analysing exactly why it occurred, I finally cured myself of dreadful weeks. As your strapline (like that also...
Type: Posts; User: amanlza
Hi newbeggar, like your honesty, and I also know that feeling (rather too well!) . By analysing exactly why it occurred, I finally cured myself of dreadful weeks. As your strapline (like that also...
Hello, RondaRousey, only came across this thread. For illuion, over the rolling 12 months I've averaged only 40 pips monthly trading major pairs. However, my risk per trade is 10pts as is my own...
Hi Hmsr,
Today you're asking some very penetrating questions! But they're fair so I#8217;ll do my best to reply.
First, it's not a mechanical egy, I'm a purely discretionary trader. I...
Hi Hmsr,
Great question, apologies for not being clearer first time: the figures quoted are net of spread and costs. And the spread on my trading isn't so bad, my customary initial profit taking...
Hello Jack,
No worries, writing everything down is fantastic revision for me, anyway.
All my trading is strictly intraday and utilizing only 5min candle charts. I trade off price action with a...
Hello pauloss66,
In detail would take a while and risk boring everyone senseless but I'll try a summary. Drawdown is a measure of how far your account falls from the previous account high to the...
Hi Jack,
I have been daytrading for a couple of decades now and achieve about 5 percent pcm on long term average but I am not sure that one statistic has validity by itself. How I get it is by a...
It's beneficial to take short breaks out of trading today and then, if nothing else to be able to review and potentially adjust without real trading to divert. The generally thinner and smoother...
Hi,
Before reside trading commences in January, it may be useful to summarize in general terms the trading egy that will be employed. Several salient points can be created:
1. Only three...
Hello J-F,
Thank you for your kind words, and I will assure you I do trade this stuff for a living - hence the absence of BS, I can#8217;t afford it if I want to eat frequently! I am quitting...
RANT #7 - Einstein, Pandora#8217;s Box and Gordian#8217;s O
The conclusion of the previous RANT (post #82), in suggesting the plogical game is an important factor in becoming a better trader,...
End of Days
Hi all,
A very early update analysis today as my daytrading has, thankfully, finished quickly today, more on this later. First, though, a more relaxing analysis of this recent...
Hi ,
Quick early morning upgrade.
Both our open trades in USD/JPY and EUR/USD moved into profit and, given the largely negative roller coaster ride we've had together, both happen to be closed...
Hi ,
This is the Monday update for the 3 markets (last setup with chart in place # in brackets):
AUD/USD (post #88): Current 7707. Aussie has now analyzed prior lows at 7700 and can be...
Hi ,
Time to the Friday update. Being the end of the week I attach new charts for all three markets in order to get ready for next week:
AUD/USD (this post): Current 7713. The Great (Aussie)...
Hi all,
Rapid pre-update. Surprisingly, our trade, following being within 2pts of the stop loss has turned about and reveals 100pts of net profit at 7720 which we shall gratefully accept, chart...
Hi ,
This is the Thursday upgrade for the 3 markets (last setup with chart in place # in brackets):
AUD/USD (post #72): Current 7798. This market is surprising me almost daily. After lost...
Hi ,
Here is the Wednesday upgrade for the 3 markets (last set out with chart in place # in brackets):
AUD/USD (post #72): Current 7882. We are practically net unchanged from yesterday but...
Hello Ihor,
Many thanks for you kind words, much appreciated, though wisdom is over ample, they're only some distilled thoughts from several years of market experience.
As for my daytrading...
RANT #6 - Separating The Predators from Your Prey
regardless of the gloomy predictions at the conclusion of the last RANT (post #68) we're still here and today worrying that we will need to...
Hi ,
Here is the Tuesday update for the 3 markets (last set out with chart in post# in brackets):
AUD/USD (post #72): Current 7878. We are flirting with danger on our Aussie 7820 short trade...
Hi,
Back for the daily review. For those situations of those 3 markets put out in articles #11, #13 and #14 upgrades are:
AUD/USD: Waiting to see whether a consolidation forms around 7800. If...
Hi parisboy,
A warm welcome to you personally.
Thank your for your chart, I can only surmise you like trading with envelopes. As explained briefly in post#2 above, I am not much of a...
Hello ichwan29,
A warm welcome to this particular thread. I am rather hoping that some noise trading along with also the law of large amounts over time will create needing chance redundant, but it...
Hello,
Our third and final analysis is that the price action analysis for your daily chart of USD/JPY:
https://www.nigeriaforextrading.com/attachments/15272388791820033055.jpg
This market...