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Originally Posted by DaveLittle
Hello everyone
After a long time away forums I've decided to come back 
When I first started trading Forex 4 years ago I used to use these forums for the advice of others (back in the sorry days when I was losing large amounts of money trading).
I'm now finally starting to make quite reasonable weekly profits FX on a more consistent basis. I therefore thought I would start a thread for experienced traders (sorry newbies!). It could be good to share trading advice strategies among profitable traders so hopefully we can all perfect our techniques perhaps learn some experienced people.
I don't want to set criteria for posting in the thread. I thought perhaps people who have made fly consistent profits over the past year.
I personally make 3 to 4 trades a week. I am about 60% technical - 40% fundamental. I strongly believe trading is all about finding a style that is suited to the individual. Nonetheless I would be very interested in hearing what styles other traders find have worked for them.
I never believe in holding a trade open for more than 36 hours (too much can affect the market to alter a tradedirection over a longer period of time). Also I only trade the EUR/USD GBP/USD USD/JPY. I use different strategies for each place trades only at certain points of the day for each.
Does anyone have any questions or suggestions for this thread?
I am going to post the same thread in a few other forums to encourage wider feedback. I might even edit together all the posts as a PDF file which I can then send out to people. A sort of "FX" dossier of advice traders who have developed profitable strategies.
Anyway let me know what you all think.
Thanks
Dave
davelittle06@hotmail.com |
Hi Dave
I am surprised you don't also trade the CHF in the opposing direction as it is the second counter currency that in general is in tem with the Pound the Euro.
Do you trade the Yen during the Asian session when there is more volitily for the Yen?
Looks to me you only trade when the conditions or your indicators are all lined up hence only 3 / 4 trades a week.
Way to go.
Having survived several years of poor results can be quite draining on your capitol your emotions.
That alone is admirable.
Stein.