wallstreet1928
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there is no facility to do it automatically on CMC ..........
i am contemplating finding another good CFD provider at present, I have been reading a lot of negative reviews on CMC lately
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there is no facility to do it automatically on CMC ..........
i am contemplating finding another good CFD provider at present, I have been reading a lot of negative reviews on CMC lately
dr.blix
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def res at 4300 carlos, but i also have a spike at 4294 on the 14th may, so i'd say short at 4294-0 to be more sure?
i'd also wait for a resistance confirmation by a retracement back up the 4295-ish to be a bit more confident too.
but then again i'm always wrong!
i'd also wait for a resistance confirmation by a retracement back up the 4295-ish to be a bit more confident too.
but then again i'm always wrong!
Thank you!
When I found this thread earlier on, I was glad to read that no-one else could see any signals either, much .... I use 2, 5 and 15minute candlecharts on tradefair ... there's a signal at 0830 for me, which would give 11 points net if I'd closed after 10 mins. And the big dip after 11am is signalled on my system at 1105, would've given an 8 point profit, tho if I could get my head around trailing the stoploss I'd still be in, and currently at a 19 net profit.
My problem isn't the technical knowledge, its managing to get in .... thats why its good to be *here* :cheesy:
I'd be out right now .... on my chart its *very* near a big support line on the daily chart.
dr.blix
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what position did you open carlos?
manually hit trade as quick as i could when the next 5 min bar opened.. got 4299.3 and out at 4303
oh sorry long.. doh.
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dr.blix
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heheh...you're a regular FTSE ninja carlos!
it's not 'track and field' you know! (although that video game was probably before your time )not that i want to preach to someone who does far better than i do, but, i've just been reading that you should try to look for 1:3 R/R ratio?
wallstreet1928
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heheh...you're a regular FTSE ninja carlos!
not that i want to preach to someone who does far better than i do, but, i've just been reading that you should try to look for 1:3 R/R ratio?
1:3 R/R ratio is for experienced traders with several years experience that have the ability to discern the chart patterns and have excellent timing with entry and exit skills.....
we will all get there one day my friend
but you are right we should certainly attempt to find trades that fit that criteria
i agree mr blix.. 1:1 at least or close would be cool.. but my style is such that at the moment i feel comfotable building slowly slowy and nicking what i can.. +10-+15 a day prof is gonna be enough expecially if i eventually build the bank and top up with some investment(dependdant on results) and go £25-£50 a pip..long way off yet.. this may stretch the bank for an interim agreesive period.. but as long as it comes out the other end in tact a more longer outlook will become more cautious as the % stake remains but bank increases. more strategies and markets will follow for me....but need to concentrate on this and nail it if i can.
dr.blix
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ok carlos, like i said, don't want to sound like i'm telling someone what to do when i can't even do it myself!
just sounds a bit worrying when you mention SAS style trades!! i think i'm really mentioning it too because i've done that myself to my detriment (fire off millions of trades for small gains).
probability states that eventually, risking more than you will gain will get you in the end...i'd just hate to see someone make the same mistakes i have (and probably truck loads of other people) and open 5 positions to make the same amount as may have been made in 1 trade.
anyway, ramble over, my risk management sucks so what do i know
just sounds a bit worrying when you mention SAS style trades!! i think i'm really mentioning it too because i've done that myself to my detriment (fire off millions of trades for small gains).
probability states that eventually, risking more than you will gain will get you in the end...i'd just hate to see someone make the same mistakes i have (and probably truck loads of other people) and open 5 positions to make the same amount as may have been made in 1 trade.
anyway, ramble over, my risk management sucks so what do i know
no probs - i appreciate your words mr blix.. thanks.. i subscribe to that theory as well in part .. however, my trades are based on a strategy or two that i have faith in & i am keeping stats on as to possible pips during and after the trade sequnce.. my RR is offset very conservatively at the mo but the stats are showing so far that i could increase to around at least double where i'm at.. i will continue as is for now and assess at a lter date..
im keen to learn but even keener to earn.. ;-)
track and field.. used to love that game.. dont recall having it for my original atari console tho which is still in the loft ;-)
im keen to learn but even keener to earn.. ;-)
track and field.. used to love that game.. dont recall having it for my original atari console tho which is still in the loft ;-)
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after a retracement of some +32 ips from the lower bolli to the upper..breakout occuring around the 4330 - retracement?
wallstreet1928
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!im keen to learn but even keener to earn.. ;-)"
I like the quote ...............
I like the quote ...............
!im keen to learn but even keener to earn.. ;-)"
I like the quote ...............
:cheesy:
cadoganpier
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going short at 4338 SL 4355
cadoganpier
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closed 4330.5
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