Sigma-D
Established member
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I'm going to outline my approach to trading forex (primarily). The techniques and methods I utilise and the specifics with regard to setups, entry, in-trade management and exit. I will discuss with systematic and discretionary factors.
Caveats
When I use the word 'you' I am talking about myself (to myself?) only and whatever it is I'm saying need not necessarily apply to any other trader. If it strikes a chord with you too, that’s great.
As a guiding principle: Before accepting anything offered by anyone else, test it, challenge it, pick holes in it and think it though. [Including stuff on this thread of course.] If something isn't immediately obvious, intuitive, simple and employable - treat it with great suspicion. Doesn’t mean it’s wrong in any absolute sense, just that if it doesn’t work for you for whatever reason, simply don’t use it.
Only use in live trading what you have been able to demonstrably prove works for you initially on a test basis and then with fractional stakes to test it ‘under fire’. Then and only then will it have a chance of being considered for your trading toolkit.
Caveats
When I use the word 'you' I am talking about myself (to myself?) only and whatever it is I'm saying need not necessarily apply to any other trader. If it strikes a chord with you too, that’s great.
As a guiding principle: Before accepting anything offered by anyone else, test it, challenge it, pick holes in it and think it though. [Including stuff on this thread of course.] If something isn't immediately obvious, intuitive, simple and employable - treat it with great suspicion. Doesn’t mean it’s wrong in any absolute sense, just that if it doesn’t work for you for whatever reason, simply don’t use it.
Only use in live trading what you have been able to demonstrably prove works for you initially on a test basis and then with fractional stakes to test it ‘under fire’. Then and only then will it have a chance of being considered for your trading toolkit.