Tuesday, May 26, 2009

Todays (not finished yet!) ideal entries


I was working so I could not trade them, but in hind sight (now hind sight any learner can do (including myself)).
EUR JPY

Thursday, May 21, 2009

Profit margins



Interesting that this is all that Al Brooks aims for, probably equivalent to a 8 pip gain on a 16 pip stop. The profit coming from very large lot sizes, rather than pip gains.
"With the trend" trades he will swing half the position at SL=0 once the scalp position has been realized.
The guy below, said to be the most successful trader, also trades in the same philosophy, small gains at very high position sizes.

http://www.trading-naked.com/paul_rotter.htm

Friday, May 8, 2009

NFEC, is it a non-trade hour?

GBP USD had a strong trend bar, which resulted in clear trending action, very tradeable (overshoot, take the first L2)




EUR JPY's NFEC bar is a doji (ranging bar) and the behaviour of the market after this is ranging (not fun)