Wednesday, September 16, 2009

And this

Stopped after this, to avoid the consolidation phase.

4 comments:

dirkt said...

hi forexbird!, may I ask you 2 questions?
1. what was the reason for leaving the first trade?
2. I also trade with this methodology and always struggling with false breakouts out of ranges, it seems the cci is a good filter for that -> what parameters are you using?

The forexbird said...

Hi Dirkt,
1.First trade was exitrd by stop pointed at breakeven. I am very carefull with contra-trades.

2. It's a simple CCI 50.

dirkt said...

hey fb
1. i like that approach
2. thx a lot

Rauwat said...

It’s very important that we keep everything straight forward and simple, as that’s really how we will be able to achieve good profits and will be able to do it regularly, but if we try to gain too much from one trade then it will create unnecessary trouble. I love doing scalping and due to OctaFX broker, it’s ever easy with their tidy spread from 0.1 pips to high leverage up to 1.500 plus no issues over slippage, spikes or re quotes at all.