MajorMagnuM
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on form here
mornin all ..........a few calls from the playbook......market is slow though
http://www.trade2win.com/boards/for...-basic-ideas-strategies-1597.html#post2316594
steady dude - its an ar*ewipe market so far today
ok so here is something i need clarity with.
::: ON chatting to neighbor last night, his brother joins us, topic turns to forex, he decides to take the lead role in the conversation. main points made with belief and certtainty were as lsited below
1) leave positions open till they come into profit
2) do not trade when London and USA overlap
3) range trading between 8 and midnight is a guaranteed winner
4) it is arrogant for me to(!?!!) think any lines i draw might could help me trade as the data set will never be big enough for me to take into account all the facts that may influence the next turn in price
5) only trade between 7 and 9 am
6) there is more but the above was enough
if all this is right, and he was emphatic, i have seriously got the wrong end of the stick on how to trade
Any opinions on this, i am happy to stand corrected if i am wrong