Recent content by No one Knows

Ive been spreadbetting the ftse everyday for about a month between 8-10:30AM and use a 20 point stop loss with risk to reward 1:1 with limited success though, the idea was to try and get 70%+ success rate by having smaller target. cant seem to get more than 50% with risk to reward 1:2 or 1:3...

Just thinking that the UK and US markets are highly correlated so could you trade US Gap trades by using ftse rolling which trades up until 9pm GMT and would move based on the us market after 4.30 anyway. Anyone have any experiance with this idea?

They need to make up the deficit somehow and this is a very easy option for them, governments dont do the right thing for the long term, and this would be a quick fix to bring in more money in short term. In some european countries they have already reclasified poker and any profits made are...

Government will try and dip their hand in and start taxing sb profits once they figure out how much money they could get in tax revenue which will inturn make sb pointless.

spreadbetting is by far the better option, the spreads would have to be very very high compared to dma to outweigh the tax advantages of spread betting. This legal loophole wont be open forever you need to take advantage of it the best you can while you still can...

Im always surprised at how so many traders always talk about pips when talking about their profit or system and not Risk to make those pips. How many pips made today/Pips profit this week or month? It's no good talking about making 20 pips per day when no mention of risk is being stated. 20pips...

Thats one of my favourite books that ive read. One thing i will say about back testing is come up with your trading system then test it not the other way round. You dont want to overfit a strategy to the data because you will get fantastic results in testing and then lose an arm and a leg when...

I like to bag a 3R profit then close half and move stop to break even for the rest and then use longer term trend following indicators to keep me in for the rest. If the move is a fake out then normally there is enough momentum in order to reach 3R at least, then if the move reverse's then ill...

It's called "Making money Trading" by T_D that im reading at the moment.

Welcome to the forum, may it be a fruitfull venture for your trading.

Whatever results you calculate for any system are going to be "ideal" situation, if you were to follow your system and execute exactly to the letter and take every possible trade. Which is never going to happen in practice. Whatever you calculate for profit half it and double the projected...

Normally it only takes one bullet but ill have 3 just incase the first shot misses, if the setup and confluance is there then its worth it for the 10R+ gains when you do finally get in on the move. Three strikes and im out though. ;)

I'll have a look...:smart:

There are a couple of good threads on here that are old but epic on trading just by using price action only, NO INDICATORS. I am reading one as we speak but 300+ pages long takes along time to digest. It's definately improved how i analyze and think about trading markets. Happy hunting:)

Why didn't i think of this, "buy low sell high, sell high buy low". Its so simple.