If the set up is there take it! I only enter if Stochastics are coming out of over bought/over sold area. Work out you money management and how much you are willing to risk per trade- set your stop loss accordingly, that will give you confidence. ...

Trading Made Simple

I suggest you also read this thread from beginning to end. And follow Big E's rule. Don't over complicate it. Keep it simple!

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Template attached.

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Hi lotos7. If you read up a few posts I have posted my chart.

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lol I know. I'm kicking myself a little bit, but considering my daily target when I get to trade is 2% per day I decided to exit. I can trade 9 days a month and my monthly target is 10%. So I exited due to my money management rules to stop ...

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I agree. However I am finding success at the 1hr time frame (but also sticking to it like you). I have also found the only loosing trades I have had are where the stochastics are exhausted and not coming down from the overbought/oversold area. Hence ...

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I stayed in short on GY, UY, EY..stayed in for the news just got out on all trades made 5% of my account today! Now out till tomorrow Thank you big E!!

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Hi Deano. I was going to take this trade but decided not to as the stochastics weren't coming down from an overbrought area. I have decided now only to take the most perfect set ups, and be patient in order to protect my hard earn't pips. Plus on my ...

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I took this trade too at the moment short on GY, EY, UY. All had good conformation with stochastic coming down from over 80 and all trades short from a swing high. Peace.

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I always exit when PA begins to stall and the momentum slows.I find waiting till the TDI goes flat I'm either taking profit too early, or the flatting of the TDI is too late and I also loose profit. Just develop a feel of the PA.

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I agree. The only time I have consistently had fake outs and lost is when I trade outside the London session (I'm in UK too). So i avoid this now. Luckily I can fit it trading 9 days a month with my work commitments. I have found this the most ...

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USD/CHF Long — Long USD/CHF 4 hr @ 0.88748.

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Hi On the chart you posted. Isn't that a fractal indicator across time frames to indicate a change in trend?

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Do you mind posting your fractal indicator?

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Good document Deano. Clear and concise.

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I would have exited as soon as I got a red HA candle, signalling a reversal of trend.

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The stochastic are not in agreement and the tdi is a little flat. Wait for conformation before entering next time and you will be ok. :-)

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I took that trade this morning before I went to work. However I exited due to the AUD news out at 1030am today (I'm in UK) as I won't be back to my computer at home for another 10 hours. So I exited with +14 pips Big thanks to eelfranz for ...

Trading Made Simple

Bearish — Retracement back to support of 1.644 before moving back up?

Cable Update (GBPUSD)