Trade what you feel i guess is an easier way to say it. Bias is good if the market is trending big time. But when you start getting unexplained swings, and washing machine like market movements, you need to know when people want their money in the ...

How people should really trade!

I just drew up a chart on the fxstreet charts for this question. I am looking at alot of support there for the eur. However this support would have to break the long term trend so its a bit dangerous. Personally I would be longing any down move that ...

How people should really trade!

Depends on the price action. As I havent got my charts up (am on my tablet at a cafe) I couldnt tell you exactly. If the price action shows the current resitance to be strong enough, I would use it. Rather then waiting for it to be too late.

How people should really trade!

If you set a limit at the support/res then you are going to feel great pain. You have to be able to read the reaction to the support/res. So basically, you are looking for a failure... or a break. Look how solid the price movement is when ...

How people should really trade!

Stops are like an emergency break on a dragster. There is no predefined level, just a place where if it goes there, it will continue further. My r:r ratio, depends on the price action. If I hit my tp, its usually 1:1.5-4 I try to make sure my TP is ...

How people should really trade!

There was no snivelling. Just frustration.

How people should really trade!

Theres always a bad month of the year, I wont deny that. I understand completely where you are coming from, and the result comes down to psychology. You shouldn't really be making strings of losses if you are still trading the price action. I'd say ...

How people should really trade!

I shorted a/u again. Seems a breakout is coming.

How people should really trade!

90% is damn good. One day I might get up there, im over 80%, its changing though, am getting alot more accurate. Which is good especially since the economic crisis has come along.

How people should really trade!

I dont trust FXCM personally, i used them a few yrs ago and they did a dodgey on me. And I believe in one chance only, especially with brokers. I only use free software at home. Mt4 and duka's crappy platform. I analyse on mt4 though. At work our ...

How people should really trade!

Ok i closed up all my trades, i had 9 of them I got the a/u out at 30 pips. I took about 300 total and am now sipping my berocca, the drink of champions, and people who dont like getting sick.

How people should really trade!

I appreciate the compliments. Simplicity is a big thing in life. It helps you save money, it helps you make money and it doesnt complicate things. So its always easy to be simple. Thats why those who own a ferrari are burning now that the stock ...

How people should really trade!

I don't really use the 200sma, its just on my charts, the same at work (its programmed into our trading platform at work). There are methods of using it with price action, I've even looked into a few, basically you can follow a trend by going under ...

How people should really trade!

Quick one since I just got home. A/u failed again on the upside, and has decent resistance.. THe price action suggests a break out is going to happen, I shorted for the lower support. as the resistance is far stronger than the support.

How people should really trade!

I am using the same method as at work. It was the reason I was hired, I believe. I trade most pairs with reasonable spread. e/u g/u a/u u/chf eur/a g/j e/j u/j are the main ones. At work i trade a/u e/a and g/a and a little a/j but we have an a/j ...

How people should really trade!

Theres no way I can trade those time frames, most probably because I am lazy, and try to check the market in 10 minute intervals rather than sit there constantly. Are you working for a firm Piters? The way you trade, it appears you should be.

How people should really trade!

After skimming through that thread I could probably say I do trade similar. And I now know who billyrayvalentine is lol.... A breakout all depends on price action, again its discretionary, there is no set limit to it. There is one way I look at it. ...

How people should really trade!

If you buy 100k AUD in a thin market, the market will move a few points because of the transaction. If you are trading 1k at 1:100 at a retail broker (which is common) it should mean 100k enters the market. However since the 100k never enters the ...

How people should really trade!

I only trade breakouts in a sideways market (as has been of late). The asian session is what I trade at work, and I mostly trade AUD (its what i was hired for). Its tough, but the price action is alot clearer during this period. And there are some ...

How people should really trade!

The thing to remember about trading is its almost 100% discretional. So if you are trading mechanically, you are going to malfunction (like a robot). It becomes an instinct, if the price is making lower highs around a resistance duh its going to go ...

How people should really trade!