[DaveC]

Originally Posted by GT3RS

Yeah - bad day today.

Managed to get some back on eurjpy late on, so not too bad.

I can see the wisdom in Alex only taking one trade per day - keeps you out of this horrible ranging mess we've seen today!

Good for you GT3RS, I took my bat and ball home after my second SL.

As someone new to ProFX I do take some comfort from seeing that everyone has struggled in the last two days and it's not just my poor reading of the signals or trade management.

[GT3RS]

Originally Posted by DaveC

Good for you GT3RS, I took my bat and ball home after my second SL.

As someone new to ProFX I do take some comfort from seeing that everyone has struggled in the last two days and it's not just my poor reading of the signals or trade management.

Hi Dave,

Cheers! Yeah - rangey markets are a killer for this kind of strategy! Guess that's why Alex only takes one trade a day - to avoid the "chop!"

Just remember - we only need a big enough sample of trades where we get to apply our "edge" in order to come out on top. Play the probabilities and statistics!

Keep trading. Keep smiling. Take the losses on the chin, knowing full well that your strategy works and that in the long term you will make money!

[Rumpfunk]

Hi Alex,

Will you be making any more trade calls? I notice there havent been any for a while?

Regards.

[Jankes]

Hi,
yesterday was a fine day for me. I took a signal along H4 on US session and rewarded 130 pips!
I missed the morning Long signal on London session but it was counter H4.
Anyway it is true : MM is a real powerfull tool.

But...what is "power of quitting" ?
It is to abandon the trade whan going wrong?
Sorry but my English is not perfect.

Cheers.

[wanelad]

MM powerful tool? what is it

[coastie]

Originally Posted by wanelad

MM powerful tool? what is it

MM is "money management"

Cheers Mate
Kane

[wanelad]

Ah thanks Kane just didnt come to mind yet sorted all that today, even started a new Diary to keep past blunders in mind. Looks like the UK again going to be a dead period seems though the market moving has shifted to the U.S sessions?

[GT3RS]

Originally Posted by Jankes

Hi,
yesterday was a fine day for me. I took a signal along H4 on US session and rewarded 130 pips!
I missed the morning Long signal on London session but it was counter H4.
Anyway it is true : MM is a real powerfull tool.

But...what is "power of quitting" ?
It is to abandon the trade whan going wrong?
Sorry but my English is not perfect.

Cheers.

I interpret "the power of quitting" as meaning that you must not overtrade. Alex, Jim and several other people only take one trade a day - win or lose.

So you're trading this on the 4hr timeframe eh? Interesting. Successful?

[Jankes]

GT3RS, thank's!
May be you are right....

No I am trading om M30 and M15 but the best trades are if I trade on 15 and M30 along the H4 trend. Yesterday I took a Short along H4 and the result was great!
Cheers.

[stricky1967]

blimey....if yesterday was choppy then today is a surfers paradise........cowabunga dudes!