Recent content by Buzzard76

Yes I see what you mean about the night market thing and family/job commitments. I live alone and have no factors to disturb me really. Im nocturnal by nature, either that or my entire working life consisting of 12hr shifts from 5pm to 5am. I think I will take your advise and paper trade the asx...

Yes i understand that to be a good trader it it all about sticking to your plan and the actual execution of the trade. If you trade according to good tested rules and don't deviate from your plan that is a good trade. Even if you did all this and it is a losing trade and hits your stop or you...

So brumby, are you saying I should leave intradat stock trading and concentrate on forex.

Sounds good to me, will just keep reading and learning as I go.

Thanks Brumby I will check it out.

Yes so true. I will research for a news feed and check out incredible charts. Thanks for the tips. I'll try not to annoy you but if i get stuck i might shoot you a pm if that is ok. Thanks once again. Buzz.

Thanks for the reply Brumby. I'll definitely look into incredible charts. My original plan was to trade the us market of a night which still could be on the cards. If I do go down that route I was thinking of useing lightspeed trader as my broker. Do you have any recommendations for brokers in...

Yes Kaeso it was 3x atr.

Hi Brumby and thank you for the questions as they expose just how much I have to learn before even contemplating going live. As to my main provider going down I will have a laptop with the platform ready to go running off a mobile hotspot. Is this sufficient do you think. Will be looking at the...

I think you are asking about my actual trading time frame (sorry I'm as green as grass). I basically will be following the daily, 5 minute and 1 minute charts. Entering on the 1 minute chart with confirmation off the 5 min chart. May also put up a weekly as well. I will be running two 43 inch...

I have read some articles on swing trading including one strategy where a trailing stop was used. The trailing stop was based on 3% of average true range I believe, instead of a set amount of cents $. From what I gathered it looked to work quite well so its something I will look at if I do end...

Sorry Kaeso, I didnt exactly give you a time frame. I intend to trade intraday. Probably the first two or three hours of the open. Like I said being so green and having so much to learn I just feel that intraday trading with no open positions at the end of the day will be a good start. Then if I...

I will be looking to trade the Australian market 10am open till noon to start with and maybe in the future look at trading the US market open which is around 11:30pm local time which is a much better time frame for me as I operate better of a night than I do of a day. Don't know why but I've...

Thank you for the replies. After looking over the site a bit more and finding the essential stickies, it looks like I have found a mountain of reading material that I won't have to scour the internet for. My goal is to paper trade for at least six months and make sure I have found a strategy...

Hi all, I've been reading and studying all about trading, TA, psycology, risk and money managment, support and resistence and just about anything i can get my head around about trading in general. I've even managed to open a trading account here in Australia to start paper trading. I even put...