Posts Tagged trading rules

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

Followed the rules today – lost out though – GBPUSD trading

Followed the rules today - lost out though - GBPUSD trading

I followed the rules to a tee today.. however, I'd realised that I am supposed to set the range between the highest and lowest values between 4am and 7am UK time. I'd been waking up at 6.20 am every day and putting the range between 4am and 6.30am. It probably doesn't make much different unless the market moves significantly.. The markets broke above my level.. however they plummetted and took me out for almost a 50 pip loss... not a good trading day (despite following the rules today).. oh w

April 22, 2010 No Comments Full Story