To use chat, please login.
Back to contacts

My strategy in a nutshell

Chikot
Mar 26 2011 at 18:11
2299 posts
you mean the password that I set, or those I received form the broker?

Chikot
Mar 26 2011 at 18:14
2299 posts
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
Mar 26 2011 at 18:17
2299 posts
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 😲

speki
Mar 26 2011 at 18:29
735 posts
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
Mar 26 2011 at 20:00
2299 posts
'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
Mar 27 2011 at 08:36
556 posts
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
Mar 31 2011 at 10:32
13 posts
'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 !!

Please login to comment .