Recent content by hopefull

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    Currency trading (Sept. 18th > 22nd)

    Just an observation through own experience.Your day job is in a high energy / high activity sector.Trading is really the antithesis of this.Most of the time we are passively inactive. Very rarely nowadays do it hit the 1min.Also ended up having problems getting filled.Trading has been...
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    Currency trading (Sept. 18th > 22nd)

    Is your long strat or 'gut' based, Si ? If 'strat' - pull trigger / if 'gut', go and make a brew mate - stay cool and grounded - Your VEBO strat is delivering the goods...Check your emotions at the door - retain your self control and achieve your objective. Only trying to help..
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    Currency trading (Sept. 18th > 22nd)

    Hi Zuke I haven't really posted in this thread but often pop in during quieter moments.Just want to say that I've enjoyed reading your posts over recent months
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    Currency trading (Sept. 18th > 22nd)

    :lol: Yeah very much so.Although had the school run to contend with this morning so missed the first punch.. Believe me mate you'll end up trading the Yen pairs too once your kids are in bed if you go full time.
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    Currency trading (Sept. 18th > 22nd)

    Good start to the day for you then Chow - cool runnin'
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    How many pips profit do you look for in a trade?

    Interesting thread.. Very similar to you tommog... I trade cable primarily as the intraday vehicle and typical trades are targeting 25-30 pips to first target with a sub 12 pip stop loss. I tend to cover the position at first base (if reached) then simply trail the move or bust the trade if...
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    Do I go for it ?

    Hi Dave Blimey - 18 months :lol: I can hardly believe it. In Summary:- 1st 3 months were hell - probably more psychological than anything else in the sense that I had difficulty coming to terms with what trading was all about. I had my set ups pretty well nailed down (only use two...
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    Do I go for it ?

    No worries HG Yes I totally agree with you - Launching into trading for a living is just like launching any other business in that it needs researched first ,then it is down to the individual to asses his or her ability to to make a go of it. I needed to borrow money to launch the business -...
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    Do I go for it ?

    Hi Loukas :lol: Well, you know exactly how it is going my friend, You have seen plenty of my trades and charts....I am 'Bonza' (I dropped 'hope' back in July of '04' - that emotion got left at the door). Nowadays I just trade it as I see it ! 123 -4,5 ....Same thing day after day -...
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    Optimal Risk .vs. Reward Ratio on FX trades

    adrip Fair play to you - I goaded you a bit on that last one ! We all have different methods / strategies. Clearly your system is doing its job and I hope that continues for you...as I am sure you are aware once the pot starts building it is easier to ramp up and compound the profits. I...
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    Optimal Risk .vs. Reward Ratio on FX trades

    Very eloquently put 'adrip' and thank you for sharing such insightful comments I am happy to hear that you made £180 this morning.That would almost pay for a pair of my wife's new shoes.. Fortunately my 'edge' produced over £1150 by 11:00am after which I switched off for a while as I had...
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    Optimal Risk .vs. Reward Ratio on FX trades

    Great stuff - Really all you need to do is draw and save your TL on your 60 min charts. If you are flat then resist impulse trading by doing nothing until price reaches one of these levels.Then get real close and personal with the 5 or 1 min when it does. Simply look for a higher 'swing' low...
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    Optimal Risk .vs. Reward Ratio on FX trades

    ROFL - RT I am not sure if your last post was directed at me or the previous poster. If they were at me, then thats your call - I was merely trying to offer some ideas as the trading style you are describing is similar to my own and I thought that sharing ideas was what this site was all...
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    Optimal Risk .vs. Reward Ratio on FX trades

    Sorry to be blunt... Disagree completely- I trade every day with stops at these levels and am a profitable trader. It is often said that in order to be a consistently profitable trader you need an edge - one of the best 'edge's an individual trader can have is timing... These instrument have...
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