How do you select your trades and other advice please

Also sorry to post non-trading items here, but I could not think where else to put it.

Nice website Frugi!

Must have taken a lot of work.

Regards

David

Thanks Halfbutt

.......thing is I'm 33 now & sure I should be getting served down pub's & more than an ''oochy-coochy-coo'' from the ladies by now!

:-)

jay

Halfbut

I must be a novice! - I thought FA and TA were referring to a wierd type of alcohol for a short while there!

Anyway - I am concentrating on Technical Analysis for a while. I started reading Martin Pring's INtro to Technical Analysis, which comes with a CD. Its taking a while because I keep dropping off - Poor Martin is clearly brilliant at his stuff but he is dry as an old fossil. Still if I manage to get through it, I think it will be very useful.

I think that truly understanding the significance of different MA, trend lines, support and resistance lines and volume are vital and I am concentrating on these areas

Bringing in more than a tiny smidgen of FA is way too confusing for me, for now and I am using it to a tiny degree. I have now decided to count FA as a next chapter in my learning, not to be mastered till I can half read a chart correctly!

Personally the more I read, the more I realise I don't know - this is making me extremely cautious but maybe that is a good thing.

I find this chat room far more useful than the books I've read as its much more friendly, interesting and I can ask questions!

Anyway keep me posted on how you are doing and I hope you are doing better than me!

Alex

Frugi

What helpful advice - Thanks

I have just closed my account with Tradindex and moved my funds to Deal4Free but I havn't dared place a bet as yet due to being a wimp and rather nervous of their 'award winning' software!!

I will try to get time to learn the Deal4 free software this weekend but I feel quite scared of trading right now. I do hope I am not getting Traders block this early on in my career but my feeling is that if I don't feel confident about trading then don't do it!

Thanks again for all your advice - Anything else you can think of to tell me will be gratefully received

Alexandra

Mada ,

May I ask - do you tend to get stopped out a lot ?

mama

I'm using a much modified version of PLDOT from Drummond geometry. This gives very good entries and I have a 3 minute chart with the same point entries as a 1 minute for confirmation..

I'm running about 65% winners and so yes quite a bit but for minimal losses. On swing trades my risk/reward ratio is around 3.5:1 ...

http://www.tedtick.com/Introductiont...ndGeometry.doc

thanks alot for this thread it helps me alot in gathering many new infromation.