Search results

I get two losses in a row, sometimes even 3 or 4 hits in a row. But the money management keeps me in front you've just got to be consistent with it. When you get trade hit your 1:3 targets and even go beyond and hit 1:6 or something them losing trades become things of the past. Sometimes I even...

All thought I try to be as informed as I can with what's going on in the markets, I barely read up on the news. Price action will reflect on what's going on and that's really all I use in my trading. But if you want to know what's going on fundamentally. http://www.zerohedge.com/...

One trick is to split your normal risk up into all the trades you want to take. If you normally risk 2% or $1000 per trade Then you can can take all of the trades but only risk 0.5% or $250 in each trade. That way you are covered for that worse case scenario of them all being stopped out, you...

I think the default is snap to nearest. This after you draw the fib lines the tool automatically corrects for your small free hand drawing areas and aligns the fib lines with the nearest high and low. Either use this setting or the 'freehand' setting.

Hey man I think deep down you really know the answer to this question. Taking four trades at once with 2% risk each is almost exposing 10% of your entire capital. That's extremely high risk, you must always think in terms of worst case scenario and you don't want to put yourself in a situation...

Me and Scotch knew a few guys who thought they were brilliant, they were trading at random one of them focused on trading news releases. One day one of them found the EA megadroid, the biggest scam known to man. They got sucked in by all the marketing hype on the sales way ' oh look it's got a...

Sorry to hear that grind, Going all in on the hardest market trade, that's pretty ballsy. I bet you were probably feeling over confident at the time just after your big win. Sometimes you need to make these mistakes to learn but sorry to hear it cost you years of savings.

I thought I would start this thread up as a confession type thing where we can all admit what stupid mistakes we've made in our trading careers before and just thought why the f*** did I do that. I'll start off with a couple of mine. In my early days I used to be bad for trying to tighten up...

Hey guys, As promised in this week's commentary, here is the indicator I programmed to alert me when a breakout is about to trigger after a breakout trap has occurred. It also displays time left until candle close, the spread in points (not pips) and the tick value needed to calculated lot...

Nice to meet your David, I think everyone has been introducing themselves in there 'where are you from' thread

Have you watched this weeks video, I answer this question in it.

HI Grans, The broker subject is a flogged subject. I stand by Alpari Uk, they have the 5 Day New York Candles, regulated by the FSA, located in London and have the indexes both Oil markets and the commodities. It's my broker and has been for the last 5 years. I never have any issues...

All the debt problems over there are enough to kill the euro value lol.

Excellent post michael, thanks for the heads up. Hopefully this will kick off some market movement on some of these stale charts.

Haha nice I am going to be using this one a lot around you LOL

I hope this wasn't your partner that wrote the song Michael lol.

S/R mapping is an art, not something that is calculated mathematically. Have you read these lessons?... http://www.theforexguy.com/how-to-draw-support-and-resistance/ http://www.theforexguy.com/support-and-resistance-mistakes/

Yes, the markets will usually be pretty flat leading up to the NFP announcement then the storm will hit. We are Price Action traders here so no one should trade 'because' it's NFP, but be trading during NFP because they've previously entered a price action trade setup. I've been in trades...

Welcome to the The Forex Guy's Forex trading forums. When posting, please follow these simple rules & guidelines to ensure everyone's experience here is the best possible. Please do you best to make sure your post is relevant to the forum you are posting in. If you can't find a suitable...