Recent content by andys280176

Hi Thanks for that reply. I am still interested in hearing about people's experiences, as I find trading quite an interesting subject, despite whether I am going to actually trade or not. Going on what you have said pboyles is there no one on here making any money from it or is it more a...

Hi Guys I am looking into forex as a new venture for my trading habits and basically am firstly doing some research into what is the most common problems that FX traders encounter, this could cover issues such as: the use of certain trading analysis techniques such as fibonnaci, RSI...

Hi all I haven't been on here for quite a while, trying to find my last post, think it was June/July 2009!! Well I have been tied up, I started a new job round about then and this entailed working away during the week so between my existing "hobbies", rest, reading and travelling I had to put...

My first paper trade did turn a profit and I had spent a lot of time learning the trading system, going over and over it till I was sure how to do it. I think the basic mechanics of flag trading is nothing new and it is probably a trading style as safe as they come. In saying thay I have not...

Hi Guy Maybe I should phone them up and ask suggest they put in a stop limit facility? They might do it if more people ask. Interesting to see a lot of stocks seem to be swinging about the 200 day moving average - have you noticed that? The Dow can't seem to break away from it! Andrew

Well today I got my first virtual profit using optionsexpress. It was a trade I had kind of forgot about really. I put it on to buy 100 and then after a very slow move to the upside I moved up the stop and sold at a higher price. I could have potentially made a little bit more had I kept a...

Got two trades on today. Having a bit of a sticky patch, nothing really breaking out. I am very cautious though and tend to cancel trade after one day if it hasn't broke out from the flag. No losses but no gains. Andrew

Italo said: "Cheers for that Andrew. How early do you take your profits mate? Do you follow Guys methodology in terms of target 1 and then target 2? Or do you just take out profits on target 1 and forget about target 2." No i'm even shrewder than that! I tend to think i'll take first profits...

Hi Just thought I would give an update on what I have been doing. As Keith said the market is just coming out of earning so no real action yet for this newbie. What I have been thinking is pretty much in line with what Guy has put on his blogs. Market is only worth watching just now. There are...

Keith Regarding candlesticks. I have never went into the fine granular details of candlesticks so maybe you can share - since you are studying it. Obviously on a chart there seems to be 4 main types of candles I have noticed red(filled and hollow), green (filled and hollow)? I know solid green...

Hi Keith I done pretty much the same as you (except going away for a few months). My first virtual trades were not really meticulously planned; I just went with a few flags I picked up and about half went the opposite way (so nothing lost really). A few more went up a little bit and one or two...

Ther seems to be a market rally on just now and it seems the small rise will turn in to rounded tops i.e. retracement of rise, so imagine the trend going up then a flag forming them instead of breaking out upwards it just goes down so it looks like a rounded top almost. Good thing is even if you...

Hi Caroline The FT system is not something that will make you a million overnight, now that would be too good to be true. From what i've picked up so far the FT system gives you a good trading plan to enable you to make ok returns from the markets. The trading plan is the essential part of the...

Account is not going to be on till at least Wednesday now. Bit of a hold-up with optionsXpress. I have a few paper trades on just now so wait and see how they go. Really annoyed at the bureaucracy to get an account open but process is now up and going. Anyone else got any feedback on how they...

Hi Bit of an update on how I am doing with FT. Well I am now watching the videos over again and getting used to using the software to find flags. I have set up an account with optionsXpress who are recommended by Guy. It also seemed to me a lot simpler to use than IG Index. It is a bit of a...