Go Back   DailyFX Forex Forum | FX Forum

View Single Post
  #412 (permalink)  
Old 03-30-2009, 03:28 PM
Eligason's Avatar
Eligason Eligason is offline
Member
 
Join Date: Nov 2008
Posts: 76
Eligason is an unknown quantity at this point
Quote:
Originally Posted by surveyman View Post
I agree, the rules are important to follow every time. Of course easier said than done. But I did follow them this morning and did three trades worth 24 pips. Then I quit when the market start looking tough. So I will wait for the early am tommorrow to try again. I have stopped trying to get right in at the absolute top and bottom of the 5 min chart. I do much better when it has pulled away and is well on its way to the opposite band. I just look for the pause in the one min, and time the entry with that chart. I know I am leaving a lot of pips on the table, but with a low stop, it makes the winner ratio a lot better.
Good trading
John
Good job! I hope that that continues to work out well for you.
Reply With Quote
 


Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

All times are GMT -5. The time now is 09:47 AM.
Copyright ©2009 Daily FX. All Rights Reserved.