Archive for the money Category
I haven't turned on my trading platform for a while but I did so this morning after reading a blog by a 21 year old student (who looks 15 in his picture). He trades the EURCHF and uses a simple stochastics indicator. Have a look here http://forexsmarts.blogspot.com/
Anyway, using his system, there was a long entry at 1.6172 this morning. The market did get to 1.6215 earlier today and then fell back. I am still in the trade with a 50 point stop and a 150 point target price!
Let's see what h
May 27, 2008
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Most traders have a few or just one trading setup which they execute over and over again. A trading setup is when there is a predefined condition on the traded instrument which signifies and entry and exit. The most successful traders are those that know their trading setup has a positive expectation overall and are disciplined enough to run the same trade over and over again when the conditions are right.
I have read a lot of trading books and I think the key to becoming a trader is firstly
May 24, 2008
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I just found a free program which allows you to keep a trading journal for free. I've been looking for something like this and it looks great. However, I have just tried to import a spreadsheet of some of my earlier trades on a trading account and it failed... but then again, I didn't read the instructions all that carefully.
For those who mind find this useful, visit here
http://www.tradelogger.net/
May 21, 2008
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