fraggermcg
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FTSE getting squeezed into a triangle between the 50 and 20 MAs. Lot of inside bars lining up on the 10min chart now. Hoping for a break downwards myself, but 4320 is a tough nut to crack.
hahah...i've done it again.
closed another perfectly good long position.
2 losses that if i'd have just left them do their thing would have been gains.
"i have seen the enemy, and it is me..."
short 4340 target 4331
closed @ BE
Too much choppiness out there for me this morning. Took 10 pts at the open on the gap fade but sitting on the sidelines since then. Looks bearish to me but as per my previous post 4320 is a big support level. Will look for a breakdown of that to go short, or a clear break above the MAs at 4340 and 4350 to go long.
mate you have no idea.
i am my worst enemy... i have even considered employing someone to trade for me.
i have built my own system and all i have to do is sit there and press buy when it changes to blue and sell when it goes to red. The system works but me pffftt.
infuriating. Have looked at automating but its going to take yonks.
any ideas?
either employ someone or what!
blix me old china what stop are you using? id let your trade run just that bit longer but have a 4/6pt stop. what spread are you getting?
i use stops of varying size from 14 pts to 30, depending on where we are in the trading range or pattern that i may think is unfolding.
what i've been doing though is terminating them manually. i'd do much better if i was trading with me not being here...if that makes sense 🙂
what i've found francis, is the psychological aspect of trading weighs far greater than getting a handle on TA.
i'd say it's the deciding factor of the success of a trader.
TA can be learnt, like maths or physics...but leaning how to overcome your own personality and natural reactions to fear and greed is the key in my opinion.
Well on the ftse i would use 4/6 pt stops on a 9 point point profit target (4340 - 4331 for example) Especially when it is this choppy.
quite. my TA is fine, my system works - i can output the signals to you if you wanna see.. for me it is a boredom thing. Ill go up £400 from 5am-8am GMT on £1-£3 bets per point in forex and indices then spank it all 8am-9pm because im bored.
it sounds pathetic and it probably is!!!
i need another hobby, im thinking of buying a wii to play all day instead of over trading.
Well on the ftse i would use 4/6 pt stops on a 9 point point profit target (4340 - 4331 for example) Especially when it is this choppy.