Recent content by stevepatt

There's a never ending supply of new traders who are more than willing to part with their money to get a foot hold in the world of trading, that's what the marketeers rely on to keep them in the money. Been there done that and worn the T-shirt never again.

No one here can seriously be thinking of buying into yet another trading system from Richard Hill he's a system developer at best, and probably has no intention of trading for a living, why should he, when there's so many new traders willing to part with their money to buy one of his back tests.

Here's a link to Nial Fuller's site and a series of good videos dealing with the psychology of trading. www.learntotradethemarket.com/nial-fullers-forex-blog/jack-schwager-videos-winning-methods-of-the-market-wizards

Like many have said on here it's important to know the type of trader you are and what suits your character. What I've had a tendency to do in the past is when I've had a losing run I imediatly want to get back into the market and win back the pips. Big mistake, I now only allow myself one...

Why haven't the previous posts been deleted by admin? It's got nothing to do with trading and is just school boy's squabbling.

I've been looking for a method that trades the Tokyo range and came across this method on Forexfactory, it originates from a guy called Craig Harris. It looks very promising it gets you in sync with the markets natural flow. Best of all it's free and if you read through the thread you'll find...

I've been reading through the post here and it seems to me the best way to evaluate any new system is to demo trade, or at most trade to very small stakes, for the 45 day guarantee period and then decide wether to keep it or return it. The markets aren't going anywhere.

From what I'm learning from different sourceses,, like you say, it's better start with the higher time frames before moving on to lower ones. It's a lot less stressful than trying to scalp on lower time frames and gives you more time to evaluate what's going on. At the end of the day of course...

I've been picking up a lot of free information about trading the longer time frames from http://www.learntotradethemarket.com/ it's also good for money management and the psychological side of trading. I've been paper trading a couple of the price action methods mentioned on the site and so...

I've been looking at the forex markets for the last 18 months or so but never actually dipped my toes until now. I've been bouncing around from one method to another, using different indicators looking for some sort of pattern in the markets that of course doesn't exist. The one thing I have...

Take a look at this money management article and see what you think? http://www.learntotradethemarket.com/forex-articles/forex-trading-money-managment-truths-article/

I can see too become a good trader I've just got to flip what I'm thinking on it's head and go against my gut feeling. :lol:

Stopped out for (30) pips,

So you use the 85 EMA for identifying the trend and wait for it to be broken cleanly before going against that trend?

I've gone short at 15272 targeting 30 pips with a 30 pip SL, that target takes me back to just below my Pivot Point at 15238. It all depends how the price reacts when (if) it hits 15250 I'm always cautious of the bounce from the big numbers 00 50.