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Hello, this is a manual trading strategy. I use a personal EA that I have developed to manage risk, lot sizing, SL, and TP, once a decision has been made to open a position. I am considering PAMM, MAM, or Trade Mirror in 2013, so if you are interested please stay in touch.
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I am not sure what you are asking?
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[quote]James_Bond posted:
[quote]myfxpt posted:
Seems that more and more brokers are offering a debit card option. Personally, I like this concept, because it provides convenient access to funds worldwide. Against this, yes, the fees do seem a tad high. Plus, un-controlled use could play havoc with money management. For regular planned income withdrawals this is easily managed...random shoppers be warned![/quote]
At the end of the day it's just another income generator for the broker. I say that if you wish to use a debit card, get one from your bank. It's easy to fool yourself into believing......
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[quote]dlathrop posted:
The Kardashian girls came out with their own debit card a while back. [/quote]
[cool]
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[quote]rob559 posted:
babypips.com[/quote]
[cool]
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[quote]RollingStones74 posted:
What are the results? just interested which knowledge you can get from the book with such a title)))[/quote]
Do you always stick to your stop-loss settings, or do you adjust them? Do you let a trade run until you hit your target, or do you take profits prematurely? Do you agonise over trade entry, or is this a simple systematic process?
I have not read this book, so I cannot comment on its content. However, I do know that trading psychology is responsible for more blown accounts than any other factor. Getting your trading psychology right is paramount to succes......
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What do fundamentals tell you? At the end of the day we're all looking for the supply / demand equation to determine price direction. You can pour over fundamental data and take in the news, but why waste so much of your precious time on information that is old and dated by the time it reaches you? Even today's newspaper is "old news" by the time we read it!
Keep it simple. Demand exceeds supply, prices rise. Supply exceeds demand, prices fall. Agreed? So, if my charts show rising prices, demand must exceed supply, and if prices are falling, supply must exceed demand.
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[quote]gevsilent posted:
No one wins in this industry everyone is losing[/quote]
Don't get so disillusioned...it has taken me since 2007 to produce good results.
https://www.myfxbook.com/members/myfxpt/myfxpt-trade-mirror-ii/441461
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[quote]Geereg posted:
Ultimately, there is no official blueprint to becoming a consistently profitable trader. Every approach is different, and it is important to understand that the method must be aligned with the psychology of the trader. Regardless of style, I am sure every successful trader will agree with the following three statements.
1. Price action WITHOUT indicators should be the core of your trading strategy. There will always be dichotomous viewpoints on its veracity, but one MUST master these essentials. Indicators are ancillary to price action. One SHOULD NOT get lazy by lo......
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Make it a XXXX mate! Take it you're in QLD? I'm in Melbourne.
1. Timeframe: H4 or higher. I know it can sometimes be like watching paint dry, but there is less noise up here, and signals are cleaner and more accurate.
2. Fundamentals: Interest rates, inflation, jobs, retail sales....you will never get to the bottom of it, but will waste plenty of time trying! If fundamentals are about the supply / demand equation, and if prices rise when demand exceeds supply, fall when supply exceeds demand, and drift sideways when demand and supply are about equal, then it is reasonable to assume that if p......
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