Stopped after this, to avoid the consolidation phase.
Wednesday, September 16, 2009
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"When i trade at home, I often watch the sparrows in my garden. When I feed them bread, they take just a little piece at a time and fly away.They keep on flying back and forth, taking small bits of bread. You will never be able to shoot a sparrow, it is just too fast. That is the way I day trade". M. Weinstein.
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4 comments:
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?
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.
hey fb
1. i like that approach
2. thx a lot
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.
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