Recent content by Fattony81

Hi Its been a while since my last post, I pretty much gave up trading but I'm drawn back into it and want to be successful at it. I had some coaching from trade room plus and learned quite a bit, its odd how we try to over complicate something when in reality if your trigger is break of...

There is probably a simple explanation for this but I'll ask it anyway, when a trade is going in your favour the gain is slow but when it goes against the loss is extremely quick. Is that because every one and their dog is selling when I'm buying (hence the quick drop) Thanks

Sorry I missed this post, I've learnt more the past few days than I thought I would and sometimes the answer is staring you in the face. I haven't back tested this fully but my theory appears to be working, could be a touch of luck as well. I have found both 1) a reason to enter a trade 2) a...

I initially started with no stop loss, always closed trades in profit and thought bingo, I got caught out with one trade against me and it's been a disaster since, I've learned you need a stop loss no matter what, just at what position

Thanks, I use city index and it does say stop < or > a certain figure, I go over this figure, generally 18 points and you could argue that's more than enough to know if you've got it wrong, but I may be right just timed the entry wrong My initial plan for this was could I earn a few thousand a...

I've read I should set myself some rules for trading, how many I don't know I need to test this but I've come up with these in no particular order: 1) Set a stop loss based on 1% of balance plus cost of trade 2) Set a auto close at 2% of account balance 3) Work out the trend line 4) check...

Really struggling with this, any more pointers would be appreciated Thanks

Out of curiosity I'm looking at CAT and Disney, not to trade but I really want to try and understand the charts, Could someone confirm my thoughts, firstly CAT 1) Clear downtrend 2) Downtrend since July 14 (Have I looked back too far?) 3) Price range 68.23 - 72.49 4) Support around 65 5)...

I think the range it broke out of was 1350 - 1560?

I guess your right, I need to find my own way to learn how to read the chart and trade based on that, Ive traded mainly construction companies and did alright in November but not much in December - still early

I guess I am looking for encouragement yes, time will tell regarding WOS this week and I'll start looking at the charts and straight line method to see if I can become consistent with the trades. I never considered US stocks, I guess it has its perks ie its running in the evening rather day...

Thanks, I'm trading the profit I made in November at the moment trying to learn as much as I can from others more knowledgable, I wouldn't trade just on someone's say, that's just asking for trouble I tend to slice from the top to be honest 20 points and I'm out or put a stop loss in to...

I get your point on PSN, the price has spent too much time above your higher line which is used to work out the range so the time is not right. Another one I look at is WOS (seems to be the construction industry!) this is the first time I've used the straight line strategy so bear with me. I...

Cracking post, and I do appreciate it! I can see the downward trend from 2135 on 19th August, but historically thats easy to see? I do think PSN will retrace but I looked at it at a possible start of an upward trend from 24th November but perhaps Im a little too early on that! Each trade Ive...

Thanks guys, appreciate the advice! PSN is one I trade a little, its movement is quite good, if anything I have realised I need to look at better chart programs so suggestions welcome for this. So PSN on Friday Open: 1,920.00 High: 1,957.00 Low: 1,913.00 Close: 1,44.00 So I would be...