Actually I only looked a chart once all day - can't believe I managed that!
But I did read "Adventures of a Currency Trader" instead of trading
(or working:whistling)
Thanks for the clover - will return it once I get on a roll:cool:
Many thanks - I also download the IG spreadsheet - but to be honest I tend to better at keeping it up to date up to date on winning days than losing days (which is totally the wrong way to do it!).
I think my problem is letting losing trades turn into larger losses by holding on and not cutting...
Hi Guys
I am interested in understanding how to define or measure my trading consistency.
For instance:
If I trade 6 times per day I would have a week with 30 trades
and be in profit :D BUT if I removed a single large winner then I may only be breakeven or negative.:whistling
So to me that...
Morning Guys
My trading is lacking discipline at the moment so I have decided not
to take any trades today (which is hard to do and hence the need for discipline)
All the best to you all.:clover:
Andy
So what are the options to deal with this?
1. Do you place a wider stop and hope that the up move against the short then stops and turns to continue downwards?
2. Don't place an entry at the initial breakout and wait for this retrace and then enter (I guess it may never retrace and then you...
Guys
I went short Dax 9534 with my stop 9555
I am trading 5min TF using only price action.
Logic: Break below the TR with a "strong" looking bear bar
( I tend either to get in too early OR too late!)
So it stops exactly at my entry and seems to be back to a TR.
Is there something obvious...
Hi Guys
Beginner Question:
Would any of you try to scalp the Dax while it is in the current trading range?
Or just wait till a confirmed break?
ps Happy New Year.