Been a bit quite on the forum today......
Was looking at a possibility to create a new method with intraday entries but based on daily bars (for when I am old, which is now...), only one trade per day per pair, trading the six majors, protective stop as a percentage of the average true range and target profit based at the end of two days, the idea is to have often small profit/loss and occasionally good profits.
A bit more relax way.....
Shorted UJ @ 120.21 sl 120.41..lets see
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did not trade on Friday......hope you all had a good day
Hi Fugazsy
I appreciate you might have had a decent week from your normal methods - and i dont blame you testing out different swing trading ideas etc -like the one on the UJ - but as you know - trading is just not easy or simple.
The traders looking for an easy life on dailies or weeklies etc - are already falling into the low probability area of success - and even if they do have continual success over 100's or even thousands of trades over say 3 to 5 years - their financial results will only be best - average stuff - OK if you working on quarter or half a mill - but waste of time on 90% of all retail size accounts.
The pressure cooker atmosphere of intraday is maybe the most difficult arena to work in - but as you know - it can be cracked - and it can be cracked continually - day in day out . It maybe suits traders living in Europe the most and ones that have 6 - 12 hr working windows to enable them to "cherry pick" and get away with even a bad 1 or 2 hr period etc.
I am going to only have an average April month ( because I will miss half of it whilst away ) but it will still be far better than any of my first 3-4 yrs of ever trading April - and thats not far off being a decade back.
Stick with what works - and just add it to
All the best
Regards
F
gm market a bit strange today.....must be just me
Hi Fugazsy
How I saw it was really dollar strength had been in over the Asian period - but then the guys in Europe and in London decided to stop hunt existing bears and get bulls in - before after 8 30 am UK time and 30 mins after LO start the big falls again
By doing this it psyched out both many bears and of course bulls after the EO and start of LO
Total complete manipulation really - by all the Banksters and maybe with help of the LP's etc etc
Its legal manipulation - as long as you have the money and skills to carry it out - and that of course means its not by retail traders etc
Have a good week
All the best
F
Interesting.......
you know while she was slipping the way down without me because she did not make sense to me I did think that I cannot get all the moves and I need to have the discipline only to trade what make sense to me which I did but as soon as I saw something that made sense to me I went short after nearly 2 hours of screen time: risked 4.9 then 2.7 made 9.8, every 10 pips I make 1%....
have a great week
Done for the day, not great but will do...
Can't be bad, to finish work before 11.30am (before 12.30pm your time, I suppose, but still good)?
trade two, risked 5.8 made 4.9.
made 1.49% less commission for the day.
Done for the day, not great but will do...