Quote:
Originally Posted by MasterPlan
james talks about something about a "scanner", does anyone know what he is talking about? If so, where do you get this scanner?
Thanks
Master
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James refers to the way he setsup a number of charts to quickly identify developing ibs across a number of pairs. For newbies and in fact experienced traders I strongly advise against this. You get more than enough trades of top quality from a single pair and James recommends GU. Outside of news I trade only GU and GY and certanly recently the GY has been like the GU on steroids. Also consider this. If you wanted to make say 50% Annual return you would need over a year to have 25 excess (ie over losses) wins per year on a 1:1 basis or say 5 winners with an R of 5. Most people try to trade too often over too many instruments. In my opinion the concentration on 1 pair pays huge dividends as you become more intimate with it. Some would say you should know it more intimately than your partner! Cant provide a picture for this Tess and not get booted off babypips!!