Welcome to the MEDIUM&LONG TERM thread!
In this first page I am putting everything for the new reader, and it will be updated if required.
Definition of medium & long term:
It basically means that a trade is planned on slower timeframes such as weekly-monthly-quarterly etc.. then executed on intra-week basis and eventually becoming a multi weeks trade in some exceptional cases where a trend gains power.
Thread rules:
1. No scalping allowed;
2. If any doubt, read again rule n.1;
3. Any instrument allowed: forex, equities, indices, bonds, options etc.. the more the better;
4. There are no vouch restrictions, but if someone comes here just for kidding others, trolling or offending, he/she will be invited to leave! ...invited...
5. When reasoning a trade, please don't forget about the SL and TP rules;
6. In previous rule I did not write SL and TP orders;
7. Telegraphic posts like "buy GU 1.xxxx tp Y sl Z" are not allowed and could be removed;
8. Everybody uses a different strategy and there is not a perfect one, and we are all here for a reason: learn!;
9. Considering and analyzing fundamentals is welcome;
10. Considering and analyzing fundamentals is not "ben bernanke is a liar!";
11. In the same instrument some people are long, some are short: only your account decides if you are right or not because market is unlimited, your account is not;
12. If you don't understand previous rule here's a summary: don't waste your or my time trying to convince me or anyone else that you are right!
For the moment I guess it's enough, but feel free to ask or propose anything you like
In this first page I am putting everything for the new reader, and it will be updated if required.
Definition of medium & long term:
It basically means that a trade is planned on slower timeframes such as weekly-monthly-quarterly etc.. then executed on intra-week basis and eventually becoming a multi weeks trade in some exceptional cases where a trend gains power.
Thread rules:
1. No scalping allowed;
2. If any doubt, read again rule n.1;
3. Any instrument allowed: forex, equities, indices, bonds, options etc.. the more the better;
4. There are no vouch restrictions, but if someone comes here just for kidding others, trolling or offending, he/she will be invited to leave! ...invited...
5. When reasoning a trade, please don't forget about the SL and TP rules;
6. In previous rule I did not write SL and TP orders;
7. Telegraphic posts like "buy GU 1.xxxx tp Y sl Z" are not allowed and could be removed;
8. Everybody uses a different strategy and there is not a perfect one, and we are all here for a reason: learn!;
9. Considering and analyzing fundamentals is welcome;
10. Considering and analyzing fundamentals is not "ben bernanke is a liar!";
11. In the same instrument some people are long, some are short: only your account decides if you are right or not because market is unlimited, your account is not;
12. If you don't understand previous rule here's a summary: don't waste your or my time trying to convince me or anyone else that you are right!
For the moment I guess it's enough, but feel free to ask or propose anything you like
Yesterday was the past