Recent content by dave114a

You need to trade with an intelligent stop. I've never understood how people can use the same fixed stop on every trade. Unfortunately the market doesn't work that way. Knowing where to place your stop is part of the trading game.

Most people trade because they don't have enough money. They then proceed to hand money they can ill afford to lose over to the market. Finally after many frustrating hours of wasted time looking for the holy grail of profits they realize they would have been better of getting a second job.

Agreed.

I'd urge you take a look at the following two posts - http://www.binaryoptionsinvestor.net/finding-optimal-win-loss-ratio-binary-options/ and http://www.binaryoptionsinvestor.net/signals/ They are interesting as the first post talks about what you need in terms of risk to reward with binary...

I'm trading breakouts at the open on both GBP/USD and EUR/USD using the london forex open system which has always been a pretty reliable indicator of early morning movement. However I've noticed that recently that the market has really struggled to make up it's mind which way it wants to head...

Not used it but aware of it. I would steer clear. The guy is no trader.

I have an account with them though to be honest I don't really use it. I didn't take a bonus and only deposited $250. Won a few bets and withdrew $500 OK. There is still a few dollars in there. From what I understand they are owned/ marketed by the same group as Boss Capital who also accept US...

I think you looked at the wrong system as I looked and can't find it on there. A friend of mine just bought it! It is going ok and easy to use. I also found a site that is also logging results here - http://systemsfortraders.com/forums/topic/ninja-morning-trade-review/page/3/

Good luck gerryg. Keep your head and make the bonus work for you. :)

Be very careful with bonus offers. If in doubt speak to the broker who should let you open the account without having to take a bonus. Trade2bpro is absolutely right. There is a bit more info here http://tinyurl.com/neq3wxg which goes into some more detail about sign up offers and bonuses.

This is such an open ended question. I like trading strategies where I don't have to sit around all day waiting for opportunities... set and forget type thing. I mix it up and sometimes one will work and sometimes another will suddenly scream ahead and show out-performance. Right now for me...

Winner on USD/JPY but a loss on GBPJPY for me... stopped out by 1 pip then went on to win! :mad: Still +25 on the day so musn't grumble too much. :clap:

I'm still only using the main pairs and got two winners this morning! EURJPY +50 pips and GBPJPY +50 pips. No trade on USDJPY today.

The same for me. I might extend this to some other pairs to see how it works out. I am also wondering how it would work with some form of trailing stop as a couple of the trades went into profit and then fell back.

OK, so we are on the same wave length. My GBPJPY short order tripped but when I checked back the market had reversed. Took out my 25 pip stop. Cest la Vie! Onto tomorrow morning...