Claudia123
Established member
- Messages
- 724
- Likes
- 57
yep me out now -that was quick !!
Yeah I mainly use IG but also got CMC and Capital Spreads for spread betting. Ladbrokes for sports, 888 for poker etc.......... wouldn't say I a professional gambler but
lol. What's your opinion on CMC and Capital Spreads? Are they any good? Any reason why you prefer IG over them?
Anyone brave enough to trade the breakout of NY opening with me?
yeah. I will give that a go but only on my mini account to start with. State the rules please?
Good morning folks
I don't post much on the threads, however, I thought I'd share my feelings on this breakout method.
I've been "playing" with forex for around a year now, looking at lots of different ways to trade etc, etc, etc. I was interested when I came accrosss this thread, as about two weeks ago I decided to simplify things completely, and not either confuse myself or overtrade. I do something very similar and trade cable only, on the break of the 6am candle, high or low. I don't worry about trends, or try to analyse where I think the trade may go in the future, I simply trade the break and look for 20 - 30 pips depending on the price action.
Moving to this method has changed my trading completely. There is no wasted time analysing, no stress and no hours and hours of sitting in front of the PC. My win - lose ratio has changed beyond belief, and Gamma hit the nail on the head above - DON'T BE GREEDY and don't worry about the ones which go and go once you have taken profit. Regular wins of 20 - 30 pips give a great monthly pip count.
My one question, Claudia is about how long you have been trading using your strategy? Over the last year or so, I have watched the markets change over and over, but this simple method looks like it may have worked for a long time.
Spend that money wislely, guys. Most of it came from me!!
I was trading a pullback for a continued short, that wasnt.
Actually, blow it on champagne.
have a great weekend.
EDIT: Following on from wil68s post, there are a number of variations of the London breakout. I recall some time ago, a guy called hans123 developed such a amethod, except he also traded the US open.
I wonder if it would be helpful to collate all the variations, or whether that would just complicate matters.
Personally, wil68s trading of the 6am bar seems more logical, but then there are other variants where you trade InsideBars, but only in direction of price if its above or below the midnight open price.
But, overall, simple is best.
Hi Trendie,
Just to broaden the subject a bit I am curious about why you went for a short ?
As looking at the bigger picture one would go for a short. lower lows and the 4 hr showing a downtren.
lol you leave Trendie alone he funding the champagne for the weekend :clap:
Are any of you clever enough to write an EA for this - I know what Gamma will say lol but with predefined entry exits it might just work being so simple. I dunno. Any thoughts?