Recent content by dallir

Cheers all for the replies. I am really trying to keep things simple and disciplined. Ultimately no one can tell me how to do it, i will have to figure a way for myself and that`s what the demo account is for!

OK tomorton, I will have to have a sit down and try to figure out what may be best for my style-thanks for the response.

What do you suggest Black Swan as a way of trying to lock in some pips?

Makes sense to try to let trades run, as I figured that some trades would continue gaining pips after the 1:2, 1:3 ratio and I would obviously feel that I should have let things run. I am just looking for some input on how more experienced traders do things and then to try to see what will suit...

Cheers Bramble & Shadowninja for the replies.To respond Bramble IMO having a trading plan involves keeping disciplined and sticking to R:R ratio etc.. but I don`t want to make this a tit for tat thread. Cheers Shadowninja this is the sort of thing I was looking for as I like simple. So you...

My point is that if I am trading from a daily chart and I can not view the charts continually, should I not have a plan in advance that I adhere to? From what I can gather, not having a plan in place before entering trades can lead to a lack of discipline, possible greed and emotional trading. I...

Hi, still trying to devise the best plan for locking in pips and general money management. Can someone offer me their two pennies worth regarding whether it is better to have a risk to reward ratio and stick to that eg 1:2, 1:3. Perhaps it is better to let the profits run and then keep moving...

Hi all, curently a newbie and was looking for as much assistance as possible and I came across this method of trading on some old forum posts circa 2005/2006. Has anyone tried this method and is it still valid today. I have read a VWB pdf and it looks pretty interesting, does anyone know where...

OK, thanks for the advice- I guess paper trading is the way to go for a while.

I appreciate all of the responses and I am sure everyone has their own way. I will certainly test using pivot points and maybe Bollinger bands, but I will also test different bits and pieces to see what works for me. I am just trying to speed up the learning process by asking questions. What...

Cheers guys

Cheers buddy.

Just one more thing, should I not be using any indicators then? I don`t expect someone to give me their system, but judging by the previous posts it seems as if they may be too advanced for a newbie?

All I keep hearing about and seeing is MACD, Fibonnaci etc. I appreciate the honesty in your replies. I will have a go at the support and resistance levels and pivot points and see how things go. Many thanks for taking the time to respond to my post!

I was hoping to look at the charts on daily basis due to work commitments. I was going to use 200 EMA to give general trend, 5 EMA/8 SMA for price action and 21/55 EMA to give momentum. I was using the MACD settings of 21,55,8 and the stochastics at 8,3,5. When the 200 EMA was trending up/down...