Recent content by belize

Can I make it as a trader? At the end of last week I really was'nt sure. After being previously successful with a demo account it was a bit of a shock to start losing every trade I placed. On Friday I decided not to trade and start evaluating what was going on. I think I can say that by...

Previous trade was stopped out for -50pips New trade entered (No.4) Balance £521 (-13.88%) Sell at 12220 with a 50pip stoploss amount risked 4.8% of account Current target 12161

Thanks rathcoole_exile, I shall go and do some backtesting with the weekly and FTP pivots and see which works out the best. Although my previous system did alright it was a lot of hard work, if there is an easier way I'm all for it.

Ok, I am obviously still half asleep from doing all that backtesting. That was an old chart ignore it. Here is the one from today.

forgot to add a chart, here it is.

Morning all, New trade opened this morning. Current balance £546 (-9.75%) Buy EUR/USD at 12279 with 50pip stop risking 4.6% of account. Target above 12377 I've been ironing out some rules for using the pivots (Cam) and this is the first live trade using them. A bit rash maybe but I've done...

manually, reading off a chart and pluging the data into a spreadsheet. Its a pain but I am finding it useful to suss out where problems may occur. For example how do you deal with the pivots changing at midnight. I found you have to go to the nearest one in the direction of the trade rather...

Thank you rathcoole_exile, I've just spent some time backtesting using Cam pivots on the EUR/USD. As you suggested trading from one pivot to the next in the direction of the trend. I've been doing by hand to get a good feel for what rules might be needed but came up with a simple set and worked...

That's my trade over, it went right down to where I first got in at 1.225 took out my stop that I had moved to breakeven. Not sure which way I will go next I will wait till I get a new signal.

I have got two cats, I bet one would say buy and the other sell!

I have a stubborn streak, wether thats good for trading or not I don't know. Never mind the experts its bad enough in my own head, if I lose a trade there's always part of me that says I knew it was going to that. Yeah I quite like Blomberg but can't watch it for long, have'nt seen any today...

One of the reasons I am buying euro, its not very covert: In news this morning ECB Noyer said that price stability in the Eurozone is not in doubt --- and that the markets can expect resoulte action from central banks when turbulence theatens Then later Merkel said that Germany will do all it...

I am a scientist by training so I don't just use intuition, although your brain is a great supercomputer.Having tested loads of indicators in the past I have never found them to be much use in the long run. I mainly base my decisions on what the price is doing in reaction to news and market...

Thanks for your advice Black Swan I agree its much harder to take profits, my original target was not 100pips but 355pips I was aiming for 1.2580. Considered taking the 100 odd pips last night and maybe I should have its so hard to know. But if I'm using 100pip stoplosses surley I have to try...

Have any one else been watching the euro this morning? All that negative news from Spain and France, but there is still buying everytime it drops a bit. If I was'nt already 10% in I would be buying right now. (Of course within 10secs of me posting this, all the buyers will run away and it will...