Recent content by ZurichTrader

olionion, I do adjust position size when there is a clear indication that I can do so - so if my market based stop makes the risk clearly much smaller on a standard position "lot" then I will increase this in whole "lots". If the calculation isn't obvious and covered by a quick mental tot-up I...

olionion, I do adjust position size when there is a clear indication that I can do so - so if my market based stop makes the risk clearly much smaller on a standard position "lot" then I will increase this in whole "lots". If the calculation isn't obvious and covered by a quick mental tot-up I...

My approach to stops is very similar to DashRiprock's. This is especially the case for anyone trading with discretion/judgement. There is a money management stop which I call a disaster stop which limits losses to a % of capital and then there is the actual stop that tells you that you want to...

Silverring it was Oanda. Under the Currency Tools section there is a tool called Average Exchange Rates which you can use to calculate weekly, monthly or annual averages. HMRC docs lean towards consistency rather than enforcing a specific method but one of the calculations they suggest is what I...

No advice intended here either but I can say what I did on my last set of accounts. Monthly PNL for each currency. After trawling my way through HMRC documentation, used a big well known forex site recommended by HMRC to obtain an average monthly exchange rate for each currency to obtain a set...

The right lagging indicators can be incredibly useful when combined with leading indicators in a trading method! Unfotunately, pboyles is right regarding training in general - there are a lot of useless and often counter-productive offerings out there which makes it very difficult for people to...

Good stuff. I wasn't clear on my point three there - I refer to your trading timeframe as opposed to your timeframe for goals, results etc. Specifically, if you are a technical trader, what chart timeframe/s provide your context for trading and obviously as an extension of this, how long you...

Rooster34 You are spot on regarding "the way that works for you". Sometimes our background and skills can help narrow this down a bit. I have no experience of the book that you mention but here are a few things to consider: - are you suited to trading with judgement/discretion or using...

I agree with tomorton here. This is how I was taught and it is what I teach my traders now. The only way to ensure you have enough time to get yourself onto a favourable point on the probability curve is to keep your risk small enough that you are still in the game when you get there!

The time I spend looking at charts depends upon the timeframe of the trade I am in (edit: or looking to get in).When I am actively trading indices I will be looking at 60, 30, 20, 5, 3 and 1 minute charts during the session having also analysed the daily and weekly picture prior to the session...

I would be interested in anything that you manage to find out! Thanks Jason

My example was a comparison of a home or office based trader with broker connection via internet for orders and a trader with direct exchange facilities. The comparison you make is a different scenario. I do not know enough about the data link to the exchange to say whether you are right or...

A Dashing Blade, On an electronic exchange, you will still be joining the same queue regardless of your connectivity. The difference is, the better your latency, the quicker you get to the queue so your position can be higher up. If you are joining bid/offer this can mean getting a fill ahead...

At the beginning of this thread there were comments about the brokers making all these tools available because they "know they don't work" or something to that effect. My immediate response to this is an observation: the last time I checked, brokers make their comission on your trades whether...

This is a very important point regarding psychology and sentiment behind price patterns! In my own trading I only ever trade the failure of any classic charting pattern. Anyone that gets the point above will know why.