Posts Tagged money management

10 Trading Rules I picked up from Nick McDonald

10 Trading Rules I picked up from Nick McDonald

A few years back, I went to the Trading Symposium where Nick McDonald was given a presentation. Nick has been featured in many trading journals and founded Trading with Precision. Nick's a self made trader and as he was given his presentation, I was busy scribbling down notes. Well, I've found those notes again, they are starting to look a bit tatty so I thought it's best to put them up somewhere and there's no other place better than the blog here, so here they are: Ok, so here are 10 r

February 12, 2011 No Comments Full Story

New Breakout strategy for GBPUSD

New Breakout strategy for GBPUSD

So, as per my previous post, I mentioned that I did trade. I like breakouts so this is very similar to what I was doing before except that rather than taking the low and the high between 4 - 7am UK time, I am taking the low and high of a much higher time frame...  9pm to 9am. I then do the same thing, buy when the upper barrier is breached or sell if the lower barrier is breached. The target is the size of the band and the stop loss is the other side of the range. I wouldn't trade though if the

June 9, 2010 No Comments Full Story