Posts by rlmtrader
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[quote] knmtechnology posted: "Naked" would be considered how the guys that run the daily webinar trade. I'm telling you these guys spend time very morning LIVE in the market analyzing charts and calling out levels for you to watch on all major currencies. Much better than any book. Here is a link... look about halfway down the page and you'll see a place that says click here to register. It really would be worth your time and again it is totally FREE and your under no type of obligation for anything and the guy won't spam you. The only email I get is one f......
[quote] pipmistress posted: Hi, I think what you need is a strategy that will only target for few pips, my average target pips was only, 10~25pips, even small pips can give you a living especially when every pip cost $10. Try a strategy that would give you sure profit of 10pips a day, and i think it is not very tough to get. Focus on one currency pair, and study naked trading. Please check my blogspot, I put my strategy there and I am planning to post daily analysis there this week to help Newbie traders. With practice and understanding to my analysis, i know i can help them. [/quote] ......
[quote] knmtechnology posted: I am now at the point of turning a consistent profit. Not a lot of money, but it is a profit. I have learned how to turn a profit for free. Let me suggest a couple of places to get you started. I encourage you to check these guys out and yeah there is a LOT of noise on Twitter but these guys are the real deal. My username is @knmtechnology on Twitter and you can see my comments and charts on my swing trades there. Good Luck with your trading...keep at it...don't give up... [/quote] Thanks for the advice....i a newbie to twitter and find it hard to nderstnad a......
[quote] I recommend you to read some books about the market microstructure and market making if you want to play high-probablity bounces, for example Beat the Dealer book, just google it. [/quote] Thanks for all the advice....will grab the book today. Randall
[quote] Alanfx1 posted: Tradingboy [/quote] Thanks for all that, the scapling book for my kindle. will read that today. Randall
RLMTrader In Trading Systems Feb 15 2012 at 14:24
[quote] TheForexFox posted: Lower your lots to 2.00 shoot for quick 10-20 pip profit [/quote] why not use 3-5 pips and 5 lots? isn't that more conservative and reliable than going for so many pips? i have tried chasing larger pips before in day bars, so now using smaller grabs seems more reliable. yesterday i made a misatke, trading during a news event "and" late. the difference between live and paper is sometime spretty large, mentally. thanks for the input!
[quote] MetaCoder posted: The Higher your TimeFrame = less Technical analysis and more Fundamental The Lower your Timeframe = More Technical and less Fundamental Hope this helps someone. [/quote] Metacoder.....thanks for the info. I am unsure what you trying to get across to me.
DrVodka. you post is not clear to stops atr 10 pips. Are you saying widen them to 15 pips or?
@Splexin, thank you, again.... First how do you know when the banks are trading...I have heard they trade all different bars, so how do you know this to be true? I am not initerested in EAs. They seem too prone to programming issues and I am not a programmer. Why would trying to get 5-6 pips be unresonable? It has worked quite few times since I started live with it in mid-January. Its the stop I seem to have too tight. Or maybe not tight enough? Since back testing seems to mean nothing to you, how do you go about trying a new method? Trade a practice account?
@Splexin, thank you (!!!!) for your response and the critique is welcome from somone willing to take a look at my account record! Last year, I was trading day bars. I would use the same method every time. I am very good at following rules and my system. I looked and looked and could not find a reason for why my system worked and then didn't. Maybe the volitility was too much for the system. I think you are right about getting out too soon. I like to bank proifits, and maybe that cost me in the long run. I took several months off and worked a half hour bar system to my liking. I used forex ......
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