Recent content by Nigel-P

Nice going spreadbettingnurd, keep it up! I trade this strategy myself and with a bit of discretion it can be very profitable. Discretion comes with practice, and over time looking at a chart and determining a trade's potential becomes like second nature. As you have said yourself already...

Hi lads, great discussion here this morning, a lot of very good points made! rsh01's quote above is the best advice in my opinion. I've said it in this thread before but I would hazard a guess that not very many people do it. You really should keep a proper record of everything you do in the...

Hi Steve, if you have the ebook you'll see that Andy generally advises that you aim for a positive risk v reward ratio, i.e. your profit should be bigger than the loss you were prepared to take had the trade gone against you. If that is the case, well done, you have a very good trade on your...

No worries - sometimes I think there is a lot more learning value in the losing trades than the winning trades. Every loser can teach you something - sometimes we can have a tendency to book a loser, be frustrated and angry about it and then erase it from memory in the search for the next trade...

Hi kwilo, Absolutely, there probably were loads of 3 ducks set ups on the way up which I missed out on. To be honest, because I had done so well selling it just weeks before, my mind was in sell mode, so I was waiting for the market to turn around again, but it just kept going. But I wasn't...

Hi perfectagent008, I'm not quite sure I understand the question - are you asking whether I take other analysis into consideration before taking a trade other than the 3 SMAs? The answer is yes - I don't think anyone can do analysis of anything in a total vacuum, whether you want to admit it...

Nothing happening fast here, just gonna put a stop on here at 1.0352 for a 11 pip risk. Unlikely to be much in the way of price action now as Europe is closed and the US traders are heading off on their holidays. Price will probably drift around and stop me out but I am ok with paying 11 pips...

Very little momentum here on short AUDUSD from 1.0343. Couple of strong bullish candles on 5 min chart, not what I want to see. Will cut if the bears don't show up soon.

Hi Everyone, I can't post charts this morning but in the event of a sell off in risk today/tomorrow I will be keeping an eye on Aus.Usd. The levels always change depending on price action but right now the 1.0343 level looks interesting. It's probably quite an aggressive 3 ducks trade...

As I anticipated, there was a ramp up that took me out at break-even. If you watch the markets you'll notice that late on in the afternoon during the US session, particularly if there has been a day of selling, you will quite often get a ramp up into the close. It's something to watch out for if...

It would be amazing if we could close the week under 1.27, but I don't really see it happening... Although equities just can't seem to get a bid at all, so I suppose anything is possible.

I didn't expect this to trigger before the weekend so I didn't put it up here in advance, but another short triggered in EUR.USD a few minutes ago. I wouldn't recommend jumping in now though, it's probably too close to the weekend - it's more likely that this retraces rather than goes much...

Yeah, I wouldn't be surprised to see that at all! Hope you're keeping well Neil, by the way :thumbsup:

Hi Everyone, Just thought I would update my short Euro trade. The trade has worked pretty well, being up over 250 pips in profit at one stage, right now it's +225 pips. I have decided to lock in 180 pips and bring my stop to the 1.2745 level. The chart below explains why I chose this...

Hi Everyone. Good to see the ducks getting some lovin' in here over the last week or so! Just an update from my own trade from last Friday which I still have open. Although the trade is nicely in profit I still think there could be a chance for it to go further. I haven't really had the...