Recent content by mikemike

I need to add... Discipline, and faith in your system, is essential. Sometimes the price first moves in the wrong direction, did I say almost always?, before moving in the anticipated direction- and let me tell you, my discipline gets tested to the bone when that happens - that is when I walk...

I have come to realize that for me to be profitable, I had to stop being overindulgent. I used to trade each and every opportunity, feared that I will miss out on the big one, and subconsciuosly that I will never get a chance like that, and that mindset has caused me to lose more than I won...

For day trading. Find the time frame that suits your style and personality, trade the direction of the trend, only put on a trade once the conditions for a trade has been met, do not try to be in every trade and most of all PATIENCE when you are in and when you are out. When you miss a trade...

It is good to see. I follow the trend. I've learnt through hard experience that trying to forecast the market is fatal 90% of the time. I hope you enjoyed your day at the beach.

Do you think payrolls are going to come out better than expected?

I am a fixed income trader at a local broker. I trade cable for my own account - more or less two years now. I am starting to get it right more then I get it wrong now. There is still a long way to go, but at least my account is in the green.

Interesting. Do you trade full time?

Trading is very much like prostitution. For the outsider it seems easy and a lot of fun. But the reality is just the opposite. You couldn't say it better. Do your own research, develop your own method, and just do what works best for you. My worst losses occured when I followed someone elses...

As I mentioned, after two years, I am profitable. I started from scratch, learnt through trial and error. I use only technical analysis, and I trade the European and US sessions. I've been wiped out on demo accounts numerous times - cant even count anymore. It was a big change to go live the...

Hi linda Is Windhoek close enough? I trade GBP/USD spot. Starting to show some profits after 2 years.

Oops!!!

I wish you all a prosperous and wealthy 2006! I bought GBP/USD @ 7320, s/l @ 7290, limit @ 7275

Sell GBP/USD @ 1.7330, limit @ 1.7295, Stop @ 1.7360

I closed the position @ 7405- got 35 pips out.

Opened @ 1.7370 , SL @17345;limit @ 1.7450 Which parameters do you put in on Stochs and RSI?