Monday, February 14, 2011
Breakout
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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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3 comments:
When I woke up this morning and saw my charts I noticed that huge drop during the euro session. I thought, "I bet Forexbird traded that and got a lot of pips." And you did, hah. Awesome.
Hi ForexBird...am I right in thinking you don't use any market orders for entry...just limit entries?
Do you miss getting on board many fast moves, or is that compensated by the lower slippage benefits?
Donald, Down in NZ
Trading through breakout could be very good, but just need to make sure we keep everything in simple and straight forward way, it’s only then we will be able to achieve success and profits. I trade with OctaFX broker and they are awesome with allowing me to use Islamic Account where I am not required to pay any overnight charges which helps me in working plus their 24/7 support service is further beneficial to bring comfort which is what makes them so good!
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