hey all
ok I got permission from the trader who I have been corresponding with occasionally to talk about .............TIMING of course ........heres his email (slightly changed to make it anonymous) ...
and yes I do share some of my scalping performance results with traders whom I trust and respect .....it helps to set the scene and help show them what is possible once you have accrued sufficient time and experience using a strong edge .......
more later once I get time
Hi Neil,
I hope this mail finds you well and enjoying the summer...... now we have one.
We have spoken a couple of times about correlation and as you suggested to me then, I am sticking with it.
have a more general question and if you feel you have the time to answer it, I would be very grateful.....I am suffering the age old problem, on entering trades and they immediately reverse with painful results. I appear to be right in my analysis but always to early. As I am having to keep fairly tight stops (money running out) around fifteen pips, on a five minute chart I am being taken out around ten times to one win. Then of course it stonks up or down and I just watch it happen AGAIN !!!
I am looking at a Imin corrie chart and a 5 min corrie chart plus some other stochastics and simple ma's and that`s it. I have read so much about this until my eyes bleed but I would, if it`s possible, like to hear your opinion. I I hope you don`t think that I am putting on good nature but I have come to trust what you think and say.
I hope your amazing programmed software is still serving you well. You may remember that you sent me the results of one days trading. I could hardly believe what I was looking at then and I still think about it now.
Many thanks in advance
My Best Regards