Recent content by DannyO

Yes doing very well. New here myself. Welcome back, Happy Trading.

Thank you that was all intersting. I take a good look at where everything is before start out to the day chart. bouncing down to 3hr, 1hr, 30min, 15, 5 and 1min. I never go lower than a one minute. 2pct max risk on a hard stop having said that I am weary if I am at an obvious point where...

I trade on 50:1 margin. I trade position sizes which are equal to 10 x the margin in my account. Thus on $50.00 my position size is 500. The position size grows with the account. Risk is 2 to 3 percent on a hard stop, always out sooner. I trade for small moves using a fairly wide variety of...

What are you trading?

Yeah, I just wanted to ask because you sounded like you'v'e been around and are simply doing some tinkering. Thanks

So while you are doing these trades it does not take any knowledge on your part as far a making a determination on when to get in or get out...or when to trade etc. You just go away and watch TV. I assume you already are an experienced trader so learning anything is not important to you about...

One day of trading on a demo of a 5k account which produced $72.55 = 1.4% gain in a day. So do that 5 days a week is a 7% gain in a week. Okay not bad. I am not a smart guy so can you tell me what is the mechanics of using a system like that. Do you just turn it on and go away? or do you have to...

Anyone in UK can compare now with the way it was say in 81-84 time frame? Danny O Forex Pip Addict

Just keep pokin until one continues to run. 2 pips 3 pips 20 pips 70 pips 20 pips a day over 11 or 12 trades who cares as long as I ge em. Looking hard at Adx now along with Macd along with RSI for the small time stuff....which is all Im about.......just checking in YouTube - Trading the Eur/Usd...

I think the best trading strategy is one that is developed by the trader. Which is to look at trendlines, and indicators, and price, and read the news, and watch your screens. Everything else just falls in place. It beats me why anyone needs anything else. If something auto piloted me what would...

Yes, I use RSI. I use with several other indicators as part of my arsenal. It can give false signals which is why I don't rely on any single indicator. I am also one who is constantly bouncing across time frames to see what all my indicators are showing me. I use the other indicators, trendline...

Well I can see it so - Good Job! DannyO Forex Pip Addict

That's a tough one Speaking as one who has spend quite some time living without a roof over my head and owning nothing but what I could carry on my back...I will say that hopefully she stays, regardless, you can and will come back. This is the key to this in my opinion. Start trading a small...

calculating profit and loss size of position x number of pips as in 00.50 is 50 pips. So if trading a position of 1000 on eur/usd , profit or loss is determined by whether you were long or short on the move. IF you were short say on eur/usd at 1.3823 and it went to 1.3729 for example 3823...

just checking in for first time to the board...thanks