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6200trading replied Aug 11, 2019I understand what you are saying. I just shy away from exact rules. In my opinion, exact rules take away your ability to question the setup. I always question setups. I always want a smaller stop loss to get bigger size. The big size trades that ...
6200trading Method
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6200trading replied Aug 11, 2019I think the AUDNZD it a perfect example of what I look for. In fact, I will be putting in a pending order on the break of the Fractal on the H4 chart. As far as getting early (as I do on occasion as well), just be prepared for higher loss rate. ...
6200trading Method
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6200trading replied Aug 11, 2019I'm not exactly sure what you mean. I don't believe anyone should be trading any real money unless they know what they are doing. The only method for a beginner would, of course, be practicing.
6200trading Method
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6200trading replied Aug 11, 2019Taking Profit is something I play by ear. Normally I will take some off when the market starts moving sideways which is many times a Support or resistance area. Sometimes I'll take it all off if I get the feel the move is done.
6200trading Method
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6200trading replied Aug 11, 2019I just too a quick look at the charts. Correct me if I'm wrong but it looks like you could shorting the Pound against just about anything right now.
6200trading Method
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6200trading replied Aug 11, 2019I'm glad. For a minute, I thought my answer was too confusing.
6200trading Method
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6200trading replied Aug 11, 2019I just took a look at the poll I put up at the beginning of this thread. The poll asks the reason why people use the Forex Factory website. I was curious to see the results. It is still running until August 17th but the results so far are in line ...
6200trading Method
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6200trading replied Aug 11, 2019It has been my experience that people that lose consistently are struggling with the inner game. Systems, setups, etc. are a dime a dozen. You just to find one that suits you.
6200trading Method
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6200trading replied Aug 10, 2019Very well said. I personally have the 200/50/20 SMA's so I can quickly rip through all the charts. Once I see an opportunity, I just start looking for a good Risk/Reward entry.
6200trading Method
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6200trading replied Aug 10, 2019Thank you for getting involved Beerbelly. Theoretically, you set up has merit and it is the 'type" of pullback that I look at. If I were to consider this trade it would have been made the day before the last candle. I like to put the stop above the ...
6200trading Method
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6200trading replied Aug 10, 2019I just went to the biography for the gentleman that started the thread. It seems he passed away sometime in 2011. It seems those that chose to carry on his thread a doing a very good job. Thank you for the suggestion.
6200trading Method
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6200trading replied Aug 10, 2019Thank you Viv108. I will check it out. I love networking with other successful traders. We are a small group. For those of you just learning or not doing very well, do what I do..... When I know someone is successful at anything that I am interested ...
6200trading Method
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6200trading replied Aug 9, 2019This is a question for those of you that have been around for a while. I like the fact I have started this thread. Being involved with other traders is a unique experience for most of us. I am interested in following the threads of others that have ...
6200trading Method
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6200trading replied Aug 9, 2019I just took a quick peek. In my humble opinion, that ship has sailed Beerbelly. Can you tell me why?
6200trading Method
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6200trading replied Aug 9, 2019I must say I think I made a very good decision in choosing to start this thread. I made a commitment to myself to comment on a daily basis. I know this may get difficult at times but the idea of running a thread gives me that push I need to ...
6200trading Method
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6200trading replied Aug 9, 2019I finished up the week leaving the open trades on. I will go through all the charts and try to sum up my thought process Sunday evening here in Toronto.
6200trading Method
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6200trading replied Aug 9, 2019“"There is no better test of a man's integrity than his behavior when he is wrong.” ― Marvin Williams
6200trading Method
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6200trading replied Aug 8, 2019I decided to play it safe, by taking of 1/2 of all my profitable positions as well as moving the stops on the balance of those positions. The 1H chart on all of these charts presented a nice fractal in almost the same spot of each chart. A perfect, ...
6200trading Method