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A penny for your thoughts
This is a discussion on A penny for your thoughts within the Day Trading & Scalping forums, part of the Styles & Strategies category; Hi all, I would appreciate some constructive advice on my trading plan. I’m trying to keep it as simple as ...
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Jun 16, 2009, 1:50pm
| #1 |
| Rookie  Join Date: Oct 2008 Location: Queensland Posts: 9
 | A penny for your thoughts
Hi all, I would appreciate some constructive advice on my trading plan. I’m trying to keep it as simple as possible and know it really well. But I seemed to have lost the plot recently, and I’m starting to doubt it. Sometimes it works a treat and other times, it has me guessing. I'm thinking of including maybe 1 or 2 indicators for extra confirmation, could anyone recommend the best ones that would work in conjunction with my plan? I'm really worried about analysis paralysis, so I will only try out the top 2 that are recommended and see how they go. My target is 100 pips per week, and when I can achieve that on a consistent basis I will up my lots to make more profit. All feedback is appreciated, thanks, Dawso Last edited by Dawso; Jun 16, 2009 at 1:56pm. |
 
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 The post above is recommended by: tenbobtrader |
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Jun 18, 2009, 12:26pm
| #2 |
| Newbie Join Date: Jun 2009 Posts: 1
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isn't this a bit too restricting?? I'm in no place to judge your methods of trading as im a rookie myself. i came on to t2w to look for advice, same as you. but i had a look at your trading plan above, and it seemed like you tried to make everything too... how to say... black and white?? i would definately agree with the chance of analysis paralysis, but i am also aware that you are under pressure to meet targets... but perhaps just go with your instincts once in a while?? hope it goes well for you  |
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Jun 18, 2009, 12:53pm
| #3 |
| Veteran Member Join Date: May 2008 Posts: 528
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I am gonna steal chapter managing the trade from you 
__________________ loaf to trade |
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Jun 18, 2009, 2:47pm
| #4 |
| Legendary Member Join Date: May 2003 Posts: 4,128
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hi before tinkering with your plan i'd be analysing the failed trades to see whether there is a common feature that can be identified. no point looking for a plaster to stick on your arm unless you know it's going to cover the cut!! good trading jon |
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| The post above is recommended by: tenbobtrader |
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Jun 29, 2009, 8:07am
| #5 |
| Rookie Join Date: Oct 2008 Location: Queensland Posts: 9
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Hi guys, thanks for the feedback. i'm changing my plan a little and will do some back testing before i give it a go live.Dawso |
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Jul 6, 2009, 12:21pm
| #6 |
| Member  Join Date: Jul 2009 Posts: 77
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100 pips per week? forex?? u'll be the richest in a few weeks
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Jul 6, 2009, 1:17pm
| #7 |
| Rookie Join Date: Oct 2008 Location: Queensland Posts: 9
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if you think 100 pips per week's not realistic, you may as wel give up now . . . |
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Jul 6, 2009, 2:13pm
| #8 |
| Banned Join Date: Nov 2008 Posts: 872
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i made minimum 100 pips everyday trading xau. |
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