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- DaveUK replied Aug 28, 2011
Hehe nice one :-) I don't take any notice of this poster really. It's strange, but his posts are very similar to another member's... what's his name... Callisto, that's it. In fact, they're so similar that you could almost be forgiven for thinking ...
Trading Made Simple
- DaveUK replied Aug 26, 2011
Yes, it can seem like that. Particularly since different people use this system in different ways. Some check longer timeframes, some shorter, some ignore them altogether etc etc. It's possibly a good idea (presuming you're trading demo and getting ...
Trading Made Simple
- DaveUK replied Aug 26, 2011
Difficult to see candle shape/size on that chart. Might be worth zooming in once. The signals are there for sure but I'm really wary of London opening fakeouts at the moment. Plus I don't really like the look of the 1hr. Also it's Friday and weird ...
Trading Made Simple
- DaveUK replied Aug 26, 2011
Brilliant post. Great education for people new to using S/R and for others who are already familiar, it's always useful to have this kind of stuff reinforced. Also true and well worth stating. The first levels I look at on the chart at the start of ...
Trading Made Simple
- DaveUK replied Aug 26, 2011
Hi there Yes, should really have put more than a few words that don't help anybody. Apologies and happy to expand a little. Firstly yes, this was taken off the 1hr. The way the markets have been this week, I'm really looking for short term trades. ...
Trading Made Simple
- DaveUK replied Aug 25, 2011
And all the action comes during UK/US market crossover again. Lovely move on GBPUSD. There's something quite liberating about only monitoring one pair.
Trading Made Simple
- DaveUK replied Aug 25, 2011
Nope. Didn't take the USDCHF short earlier... was waiting for it to break 1.7900, which it didn't. Very limited time at the moment cos work's gone busy. So I'm just keeping my eye on my old favourite GBPUSD for its next move. Ignoring other pairs ...
Trading Made Simple
- DaveUK replied Aug 25, 2011
Watching USDCHF. 1hr signal just in but the move is stalling. Watching lower timeframes for it to resume downward push. If it does, I'm in.
Trading Made Simple
- DaveUK replied Aug 24, 2011
Oh absolutely. I wouldn't have taken that on the 1hr either. It looked as if it was just bouncing off the sides of its trading range. The time to hit it I think would have been when it clearly broke the previous low at about 1.6420. That coincided ...
Trading Made Simple
- DaveUK replied Aug 24, 2011
Thanks Dean... that was a very nice post and very much appreciated. Well, just got back to see I missed GBPUSD's move of the day. Short on 4hr (Central Euro Time broker). Broke previous low and would be about +50 so far. Never mind... there'll be ...
Trading Made Simple
- DaveUK replied Aug 24, 2011
You were absolutely spot on! Not really the pair to be trading right now. I do get a bit fixated with GU as it's always been my preferred pair if you know what I mean. Pulled out when it fell back into previous range for a 2 pip loss, so we live to ...
Trading Made Simple
- DaveUK replied Aug 24, 2011
Long GBPUSD. 1hr signal but waited a couple of minutes for it to clear previous high. Not sure how much mileage there is on this one. Initial target 1.6550 for a 35 gain. Stop loss very tight under last swing low on 5min chart. My reckoning is that ...
Trading Made Simple
- DaveUK replied Aug 24, 2011
Mornin matey!
Trading Made SimpleYep have to be out for a good deal of the day but we'll see what happens!
- DaveUK replied Aug 24, 2011
Yep you got it. That's exactly how it works. So let's say your account size is $2000 and your maximum risk per trade is 1.5%. That means if you're trading 0.1 lots = $1 per pip = 30 pips maximum stop loss. If you wanted your stop loss at 60 pips, ...
Trading Made Simple
- DaveUK replied Aug 23, 2011
Good decision. Whatever the market does now - even if it drops 200 in the next 10 minutes - that's still the kind of decision making that makes for long-term sustainability in my mind. Mine hit trailing SL at +30 which is fine. The way the market is ...
Trading Made Simple
- DaveUK replied Aug 23, 2011
Ah I'm in the same, but got in a little late. +40 and trailing SL prior to news. Glad to hear things are going well!
Trading Made Simple
- DaveUK replied Aug 23, 2011
Just what I was thinking. How's things going Dean? Good day for riding the waves today. Even London opening played nice!
Trading Made Simple
- DaveUK replied Aug 22, 2011
usdcad — Took USDCAD long on 1hr. Nice bounce off previous low + good 1-2-3 pattern on 15m chart. Able to place a tight stop @ 33 pips. usdcad2208.jpg
Trading Made Simple
- DaveUK replied Aug 19, 2011
Looks like another London opening headfake. Ask Dean about these - or maybe not, unless you want a barrage of f***s and b******s!
Trading Made SimpleFinding it best at the moment to completely avoid the London 8.00am candle... let it run another hour or two for the ...