Hi,
Mainly Forex majors and as i work full time i look for signals on 1 hour and daily charts only, i will tend to hold trades for anything from 4-5 hours to weeks
Thanks
Paul B
Yamato
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questions about your method
Only answer if you don't feel I'm taking advantage of you. I don't want to enroll in a chat at fx500club, but after reading about it in your profile, I checked it out, and it seems like they know what they are talking about: these traders sound like people who actually make the trades they advise others to make.
However, I don't like subscribing to anything, and I've seen all these lines of support and resistance levels drawn on their videos, and it seems a bit complicated, but of course I only took a quick look at it.
You wrote somewhere else that you cancelled your subscription, and were able to make money on your own. I am not surprised. So you learned the skills, and that shows they're selling good stuff.
At this point, my question would be this: can you summarize what their method is about? If you reply "just read my journal, and you'll find out", it would be a reasonable answer. If you reply "enroll at their web site, and you'll find out", it would also be reasonable. That's why I said to only answer if you don't feel exploited.
What I would like to do is this: like someone told me "pivots do work", and I checked them out and I found out they work to some degree, I would like to hear from you what works and study it on my own. Of course you would save me months of work by telling me what the method is. And you wouldn't have to tell me in detail, but something like this:
1) pivots
2) support and resistance
3) trendlines
4) moving averages (as you wrote in your profile)
Something like this would do it for me. If you told me instead that it's too complicated to explain, then that would be one more reason for me to not enroll in the chat, because I like to keep things simple.
Only answer if you don't feel I'm taking advantage of you. I don't want to enroll in a chat at fx500club, but after reading about it in your profile, I checked it out, and it seems like they know what they are talking about: these traders sound like people who actually make the trades they advise others to make.
However, I don't like subscribing to anything, and I've seen all these lines of support and resistance levels drawn on their videos, and it seems a bit complicated, but of course I only took a quick look at it.
You wrote somewhere else that you cancelled your subscription, and were able to make money on your own. I am not surprised. So you learned the skills, and that shows they're selling good stuff.
At this point, my question would be this: can you summarize what their method is about? If you reply "just read my journal, and you'll find out", it would be a reasonable answer. If you reply "enroll at their web site, and you'll find out", it would also be reasonable. That's why I said to only answer if you don't feel exploited.
What I would like to do is this: like someone told me "pivots do work", and I checked them out and I found out they work to some degree, I would like to hear from you what works and study it on my own. Of course you would save me months of work by telling me what the method is. And you wouldn't have to tell me in detail, but something like this:
1) pivots
2) support and resistance
3) trendlines
4) moving averages (as you wrote in your profile)
Something like this would do it for me. If you told me instead that it's too complicated to explain, then that would be one more reason for me to not enroll in the chat, because I like to keep things simple.
Good luck with this good idea. A trading log can be very revealing as I have found out this month. Though I have been trading for years I have never had the discipline to look hard at my own trading past. In the last month I have finally done this and found I had been buying shares and holding longs in a falling market and opening shorts in a rising market. Not rocket science I admit but with the hard evidence in front of me, the next month's efforts will be much improved thanks to this little diary.
Re: questions about your method
Hi travis,
FX500 club do a school that costs £50 per month, i would suggest enrolling into that as they record the videos on the system 4 times a week.
I have been learning Forex for over 3 years now and there is no fast and hard rules about this support or that pivot point, money management, patience and trading psychology all come into trading.
i do not really want to go into the system as yet as i don't think that would be fair to the guys at the FX500club but anybody is glad to look at my trades i take and i will answer questions on them to a certain degree but i am not here to teach anyone, i have spent over £500 with the FX500 club and it has been the best amount of money i have spent.
Just keep popping in Travis and you may pick up a thing or 2
Paul B
Hi travis,
FX500 club do a school that costs £50 per month, i would suggest enrolling into that as they record the videos on the system 4 times a week.
I have been learning Forex for over 3 years now and there is no fast and hard rules about this support or that pivot point, money management, patience and trading psychology all come into trading.
i do not really want to go into the system as yet as i don't think that would be fair to the guys at the FX500club but anybody is glad to look at my trades i take and i will answer questions on them to a certain degree but i am not here to teach anyone, i have spent over £500 with the FX500 club and it has been the best amount of money i have spent.
Just keep popping in Travis and you may pick up a thing or 2
Paul B
Thanks Tomorton.
I have been thinking of doing this for a while so lets see how it goes, maybe i will think twice just to make sure the trade is the right one as i have to put it on here and i dont want to embarrass myself
Paul B
Yamato
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Thank you for your reply. I won't enroll, because one cannot do everything in life. There's so many options, and I am going for my usual option: doing everything by myself (occasionally with ideas from others, picked here and there on the web). I am allergic to books, courses, school in general. I will keep reading your journal.
Eur/Usd
Right,
USDX look very weak this morning so $ weakness out there
74.18 is the support for the USDX today so if breaks that then further weakness
Dubai seems to have been sorted so going for EUR/USD long at 1.5065, target 1.5150, s/l at 1.4982
Dow should climb today so that will give strength to £ and euro and weakness to the $
Going out now so will be back this avo so lets see how i get on
Right,
USDX look very weak this morning so $ weakness out there
74.18 is the support for the USDX today so if breaks that then further weakness
Dubai seems to have been sorted so going for EUR/USD long at 1.5065, target 1.5150, s/l at 1.4982
Dow should climb today so that will give strength to £ and euro and weakness to the $
Going out now so will be back this avo so lets see how i get on
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