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.
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 ...
'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.
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