Best Thread Live Cable Trading
Priceman
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garthm9 said:
Garthm9, no one is going to hand you information on a plate so you have to go digging I'm afraid. I came on here a few months ago and asked questions and didn't get replies until others saw I knew at least the basics. I suggest you scour the net for as much info on fx as you can as well as the beginners threads on t2w and you'll get the answers to your questions.
It will feel like a lightbulb going on in your head when you work it out ! :idea:
Happy learning and good luck
hornblower
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long on the usd /jap
stopped out - 4
stopped out - 4
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zuke said:I have a "seat of pants" short from 673. Stop at 703 and looking for a run down to 589. Im nothing if not optimistic eh?
My short didnt do too badly in the end! Closed it out at 573 yesterday for +100 pips. On the sidelines on Cable at the mo, but STILL losing money on the Dow! I never learn!
jonnyy40
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That Four Stepper is there for things like that.
'I trade the dow when I'm tired and switching between a market that I'm in the groove with to a fresh one doesn't suit me.
I want to trade the market I'm familiar with within market hours and to stop when x y z ....
You can use it as many times as you like.
'I trade the dow when I'm tired and switching between a market that I'm in the groove with to a fresh one doesn't suit me.
I want to trade the market I'm familiar with within market hours and to stop when x y z ....
You can use it as many times as you like.
neil
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get off your butt
And look at www.elitetrader.com in the USA which has a large forex forum and many other trading forums stuffed full of info. for beginners.Happy reading
Priceman said:
And look at www.elitetrader.com in the USA which has a large forex forum and many other trading forums stuffed full of info. for beginners.Happy reading
Also look at http://www.trading-strategies.info - very helpful for beginners.
How does one detach themself from a bias which effectively goes against your strategy? Let me elaborate; I run both intraday and swing positions, I find it very difficult to take intra positions which contravenes the swing signals. Can anyone advise from experience how they overcome this dilemma?
cheers
cheers
Offshore Trader
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wasp said:
Well we got it but I was hoping for a dollar friendly figure. Played the casino and lost my day's profits.
That's it until next weekThanks
I appreciate the links. I have been off my butt to the tune of more than -10K in paper trading. The problem I have been having with beginner sites is how to weed out good from bad. It seems most systems rely heavily on money management and little on actual understanding of the market. I have been getting a 40-60% to 50-50% success rate using a combination of pivot, intraday fibs, and various other indicators, but my losers greatly exceed my winners in pips (20 -30 as opposed to 3 -10 respectively). If better money management is truly the answer, then so be it. However I was impressed by dc2000 calling the market accurately two days in a row, so I thought it worth a post to someone who appears to truly know what he is doing as opposed to one more beginners site that seems to be either guessing themselves or simply trying to sell something.
I appreciate the links. I have been off my butt to the tune of more than -10K in paper trading. The problem I have been having with beginner sites is how to weed out good from bad. It seems most systems rely heavily on money management and little on actual understanding of the market. I have been getting a 40-60% to 50-50% success rate using a combination of pivot, intraday fibs, and various other indicators, but my losers greatly exceed my winners in pips (20 -30 as opposed to 3 -10 respectively).
If better money management is truly the answer, then so be it. However I was impressed by dc2000 calling the market accurately two days in a row, so I thought it worth a post to someone who appears to truly know what he is doing as opposed to one more beginners site that seems to be either guessing themselves or simply trying to sell something.