Hey Eddman,
Last question first I trade about 30%FX, 30% Futures and 40% Options weekly and monthly.
As far as a trade retracing I'm a genius it never happens LOL! If I get an Immediate 3 consecutive bars against me I usually will get out, can always reenter.
My stops are usually only 15-20 pips but just the same I prefer to get out before they are hit.
I have 6 monitors and also use a grid display on a 60" flat screen so I can see 12 charts at a good size. The monitors have charts I'm very interested in the tv
the charts that may get interesting. If at start of trading I have 1 strong and 1 weak currency I'll put up that pair, plus all the other pairs. So if GBP is strong and JPY is weak I'll put up GBP/JPY. Then I'll look at all GBP major pairs and vice versa for JPY. The easiest days are when a group these show similar chart movements. Over trading is one of the most common problems for traders especially once they start having some success.
Last question first I trade about 30%FX, 30% Futures and 40% Options weekly and monthly.
As far as a trade retracing I'm a genius it never happens LOL! If I get an Immediate 3 consecutive bars against me I usually will get out, can always reenter.
My stops are usually only 15-20 pips but just the same I prefer to get out before they are hit.
I have 6 monitors and also use a grid display on a 60" flat screen so I can see 12 charts at a good size. The monitors have charts I'm very interested in the tv
the charts that may get interesting. If at start of trading I have 1 strong and 1 weak currency I'll put up that pair, plus all the other pairs. So if GBP is strong and JPY is weak I'll put up GBP/JPY. Then I'll look at all GBP major pairs and vice versa for JPY. The easiest days are when a group these show similar chart movements. Over trading is one of the most common problems for traders especially once they start having some success.