Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Easy method, when you work out how to tell the difference from Likely a chopping market to a trending market, which is ofcourse taken me years to get my head around and still fudge it up at times!!
Hmmmmmm, might have to swallow the 5pip realistically spread on Gold, that's why everythings been slow, Gold is where there trading currently nearly 300pips downtrend today.
Loads of entries and loads of momentum behind it, not enough pips generally in it for range trading after the spread cost, no trend days only.
3pips more on the FTSE and I'd of made maybe 10pips in total, not worth the hassle, better than -18 or -24 where the new stop woulda been.
So watch Gold and GBPAUD but only trade on trend days and range and trend trade DAX and FTSE due to 1pip spread, just remember to check all 4 frequently and pick which is best for my method.
Another slow day, DAX has barely moved, just ludicrous, no big news out either today very odd.
Gold's better, short opp near 1255 missed it though
GBPAUD had a downtrend all am I see.
Hope USA session picks things up or I need to start rethinking this full time plan or start accepting really small scalps, which I just don't see as worth the risk.
Wussed and Missed earlier move, guess didn't expect actual movement LOL
Took a DAX Short at 9945, breaking through the mid line maybe, will it continue up along the short term trend, or reverse back to the longer term down trend as I hope.
Find out SOON I guess, breaking slightly.
SL's at 9961 reason being, could of put in a another high, where I'd of added.
Stuck at 39 hmmmmm exit +4 ish or hold, is always the tricky 1, arggghhhhh
pauses long enough high buyers will come back in I fear, hmmmm decisions decisions.
hesitated going up as fear, almost took tiny profit.
back to 39 looking at low 30's here for profit +13 area, broken down yes, turning into a 100pip move down well not these days
Having a wussy day took 36 +9
Chart attached, I only took the last trade, I should of took the others as per the arrows.
I need 60pips per week to make a basic wage. I'm on +8 at the moment this week, 3 - 4 months before I need to take my first wage which is something, but was hoping to triple the account again before then.
DAX failed to move any further so good exit take what's given and be happy.
Gold's moving well, but the spread size pains me.
GBPAUD also okay, need to run 0.07% and 0.14% Envelopes though, which is a pain on a tablet, fine on PC.
UK100 still watching, but think I should remove it, 1 index, 1 gold, 1 forex makes sense i guess.