Pete and others
I look forward to your posts - they are most entertaining and I'm sure strike a chord with all of us. I have been trading a live since January and made my first painful loss recently on the EURO. loss of cash and most importantly loss of confidence. I traded my normal stop (10 pips below strong support to hopefully be missed by the operators), but my view was just so out of sync I guess
Could you please give me some guidlines as to :
a) The pairs you trade
b) The time frame from open to close
c) the indicators you use - which pair and which period in stoch/macd etc
d) Time you go in (GMT) and out (I log in for UK open -2 hours and NY open - 2 hours) (used to trade index futures)
e) How one can profit without watching the market for 12 hours (and sleep soundly) - this means i need a broker who NEVER misses my stops
Do you have a STandard Operating Manual that you refer to before every trade? a trading algorithm? a IF/THEN/AND flow chart?
Appreciate if you could send something to me. Anything at all would be appreciated
tiggertch@hotmail.com
finally, the chestnut.... who is your dealer? Refco I use because I know they won't disappear with my deposit, but they are nowhere near as flash as the other sites... but just who is reliable? I understand the UK/Europe sites have stricter regulators than US.
Regards