Recent content by LeoE

Hi all, Just popping in to announce my temporary departure from this thread. I've been offered a very exciting job which means I'm not going to be able to daytrade for a while, but I do plan on taking trades on the daily charts. Also this means that I can start building up a good capital base...

Thanks buddy :thumbsup:

:) Thanks all. I'm not too disheartened. I'm still determined to crack this and certain that I will, someday. Blix, I determine my stops usually by S/R levels (which are rarely that far from my entry), or by taking the high (short)/ low (long) of a candle and adding/subtracting about 4 pips...

:) Yeah I think I'm starting to realise that. Been offered a decent job today, which will mean that I won't be able to watch charts all day (at least not until I've saved up enough to really commit and do this full time). So I'm going to have to swing trade for a while, or just trade on my days...

Cheers guys, I'm trying to figure out what lesson to take away from it (aside from the obvious risk management lesson). Looser stop, tighter stop, exited sooner? Tighter stop would've seen me stopped out sooner with a smaller loss, but with the FTSE being so volatile recently, I could have...

Stopped at 4350. I'm going outside.

Yup, still going, although its sure dragging on. In its second week now and the money really could be put to better use elsewhere, but I wanna hold just to prove myself right. Plus I do want to move onto longer term trading

:thumbsup: N1 on the cable trades, shame about the FTSE, was hard to read this morning... :thread hijack: Daily cable looks to be forming an ascending triangle which I believe is usually a continuation pattern (?), although that said, it has failed to close above 16600 on every day that it's...

Probably better R/R on cable. Where did you get in/out?

Also, I'd be careful with a long at 4220 unless you see a definite failure to breach it. We've tried it 5 or 6 times now, this time could be the straw that breaks the camels back, so to speak.

Many, apparently :lol::thumbsup:

Ascending triangle then?

Yis, bunch of bad data and we go up :rolleyes:

Looks like we're rangebound for the moment. Bouncing between 4300 and 4220. We've already had quite a few attempts to breach below 4220 which could imply that if it gets down there again its going to bust on through with a vengance! (well, at least thats what my shorts are hoping!). Also there...

Interesting, thanks.