Recent content by carlgreen

Hi Olweiser I am not sure but here is my interpretation of it...... Current price = 1.4011 (eur/usd: 1.4011 OPEN) Sell the Long Position (Buying order) you had in at 1.3676 (Exit Long from 1.3676) If the price reaches 1.4398, place a buy order with a stop at 1.3882 (BUY 1.4398, stop 1.3882) If...

No I am sure you are wrong! It would seem the market really knows when I go long and when I go short and be specifically out to get me and me alone! Oh Well back to the drawing board...... If I knew what I was doing, I wouldn't be on here asking for help and seeking advise! This is meant to...

Thanks to both of you :) Very helpful (once again) Merry Christmas Carl

everyonerich, I understand what you are saying regarding the "buy Stop" and "Sell Stop" orders and thank you for the information, However, I thought the explanation in your post was trying to answer my original question and I just did not understand it. Maybe I have not expressed it in the...

So let me see if I have got this..... Market price is 1.5000, I set a Buy order at say 1.7000 and my order is filled. At this point the Current price is 1.7000 (and I have gone Long) What your saying is set my Stop at 1.5000 or lower (sell stop = pending sell below market price which was 1.5000...

Hi Tomorton, Rule 1. I understand (and apply) this on every trade. Rule 2. How do I define the range of "Noise" This is where I believe the crux of my problem is. I don't actually understand what the range is. I have used Bollinger bands and this catches @ 95% of trading within it. I was using...

Thanks for that, but can you put this in plain English for a thicko like me :confused: and maybe with some examples? (Sorry to be a pain but I'm pretty new to all this and not the sharpest pencil in the box!) Carl

Hi Everyone I need a little help. I am working on a strategy (slowly) and have no problem setting a Stop Loss limit, I simply decide how much I am prepared to lose on any given deal, However, I am a bit stuck on to how to work out a Limit on the order? I know everyone wants to gain as many...

No problem, give me your money......I can lose it faster than that! :) :) :)

Alan5616....Any pair that I can lose money on! :) fxreal......I knew a bloke who could walk on water.....why can't i do the same! ;) All joking aside, Thanks for all the help and support this site gives to a drowning man like me. I hope this thread bought a little cheer to your day! Carl

1st exit rule is get out of a long position just as it takes off like a rocket and get out of a short just before the price drops like a stone As for Stop Sizes.........when you begin to sweat blood......STOP :) Carl

Hi Everyone If you want an absolute sure fire way to win in the Forex Market..........Just do the exact opposite of what I do! If I go Long on a pair.......it Goes down..... If I go Short on a pair.......it goes up! (As you can probably tell.....I'm having a bad day :) ) Roll on the day when...

oops....I shouldn't have said anything......thread closed :)

I am a complete novice and will probably end up as one of the 95% losers, but I use a signal service (and in their defence, it has made me £1500 this week so well worth its fee for this month!) and I asked the exact same question....if this system was so good why was he selling it and not just...

Thanks for both the replies, I particularly like the idea of trading the opposite in a demo account! UKTradergirl, I'm OK with the big stop losses (cause whatever way you look at it, in my case I am only ever prepared to risk 3% of my capital on a deal, and I am geared up enough to stand a...