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My strategy in a nutshell
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Chikot

Membre depuis Jan 14, 2010  2199 messages Chikot Mar 26 2011 at 18:11
you mean the password that I set, or those I received form the broker?

Chikot

Membre depuis Jan 14, 2010  2199 messages Chikot Mar 26 2011 at 18:14
no, break out are never high probability :) when I enter on break out, I usually risk very little and move stop to BE immediately as soon as I am in profit. it is fading accumulation/ distribution areas where there is high probability. anyway, it is too early to say anything. i need to trade 2-3 more months to have some idea.

Chikot

Membre depuis Jan 14, 2010  2199 messages Chikot Mar 26 2011 at 18:17
after all oil is different from currencies. it is another marker, but what I find interesting after trading currencies it appears I can actually trade oil eek

speki

Membre depuis Nov 18, 2009  735 messages speki Mar 26 2011 at 18:29
I haven't the foggiest about your passwords, you can change them in MT4 somewhere hidden in the Options menu. I set my passwords immediately to the same long thing so I don't have to remember many.

To be honest, yeah, gold is a safe haven, oil can be sensitive to any news containing the word 'arab', the yen goes berserk when US yields move, but after all, the market is the market... everything is correlated to everything, I've read that someone found a strong correlation between Microsoft stocks and the previous day's temperature in Jakarta... what I mean is, I reckon if someone finds a trading methodology which works in one market, they would surely find a way to pull money out of another market. The question is which market suits your personality and daily routine. The charts are all the same, up and down like a prostitute's underwear ...

Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform.
Chikot

Membre depuis Jan 14, 2010  2199 messages Chikot Mar 26 2011 at 20:00
'The question is which market suits your personality and daily routine. The charts are all the same, up and down like a prostitute's underwear'
It is very true. I found it myself as my schedule and time available to trade changed at the end of December 2010.
It became increasingly hard to trade Forex. Thankfully, I found out that oil can be traded like currencies on MT4 and after watching it for a couple of months I noticed that oil perfectly suits my schedule and is very good for day trading purposes.
I am watching only oil now and learning.

James_Bond

Membre depuis Jan 14, 2010  556 messages James_Bond Mar 27 2011 at 08:36
To avoid the differences between brokers, one should ignore the timing of the trades, and use high and lows of candles instead the open-close.

I think in such way, the charts will be identical, only displaced, according to the time difference between brokers.

Torstein

Membre depuis Mar 03, 2011  13 messages Torstein Mar 31 2011 at 10:32
'When I trade, I am constantly reviewing my thoughts. Analyzing what I'm thinking and why I'm thinking it. This helps me tremendously in staying focused and keeping my emotions effecting my decisions'

clever attitude, keep it up !!

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