It's not quite averaging down, it's doubling up. If the market goes against you even five times it then only has to go your way once for you to profit. AUD/NZD looks interesting, it jumps up and down 10-15pips all day (except yesterday) and never goes one way more than twenty/thirty pips before...
I agree 100%. I'm just wondering if there are any markets that behave in a way to suit this system. For example some big companies (shares) seem to behave suitably. They have large ranges on individual bars but they seem to range trade most of the time. If they do go for a run they come back at...
I can see this working if you had a lot of margin. If you're starting lot represented .5% and you doubled up each time the market went against you by one "metric" you could sustain five consecutive losing moves before getting a margin call (400:1 margin) and losing about 30% of your capital...
Can someone point me to a good news calendar. I'm trying to avoid trading around the news. I found a good site last week, which included average impact ratings, previous impact, but I can't remember what it was.
Thanks Charlton, I tried Interactive Brokers demo account, (edemo:demouser I think it was) But the charts don't work. I got a message "error connecting to XXXX server" when I tried them. Did they work for you under the demo account?
I'm trying to paper trade to test my understanding of 123 formations and Ross Hooks on futures. I've been using Capital Spreads demo account for 15 min delayed futures charts. I like them because you don't have to keep hitting the refresh button and they show the price fluctuations in 'delayed...
Is it worth buying these CDs? ie do they have everything in them that he teaches in a 1-2-1 session. Some will say it's better if he shows you personally, but I can't afford it now. Also I'm the type of person that likes to work things out for myself so as long as the the information is on the...
Simon, can you explain how the rolling costs are calculated for forex? I was charged 3 pounds for a one dollar buy of EUR/USD, which by my calculations puts the interest at 9%. I thought it would be lower than that, or have I done something wrong? (It's a demo account)
F = [(1.2247/.0001) *...
I'm relatively new to trading, looking to EOD trade the trend with a timeframe of at least a few months. (the longer the better obviously) I've been practising with spot EUR/USD, which looks pretty trendy to me, and my method is starting to look.. trustworthy. I have demo accounts with CS and...