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Old 05-12-2008, 03:02 AM
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Piphacker Piphacker is offline
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Join Date: Dec 2007
Location: Pip World!!!
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When i start forex i decided to lock just +10 Pip's per day but the only problem i have on that time is money management coz i can not put My SL to -10 Pip's ... Anyway's Now i target for +30 Pip's & my SL is -40 Pip's... But i try my best not to hit my SL & Most of the time i exit my position's when i feel that market is slow or going against me or if i mistakenly enter's in a new's time... It's a tough business Man & market alway's change's it's behaviour time to time so we can not say any system perfect...That's why i am trading through several different way's like CandleStick pattren, Trendline's , S/R Level's , Fib's level's & Fan's (SomeTime's) , Pavoit Point's(Sometime's)+ Some commen indicator's like Stoch , Rsi , P-Sar Dot's & Moving average's...
But this is not enough Coz the only system i feel perfect is Trading through candleStick Pattren's & S/R Level's with trendline's... Now My forex experience is very good coz i came in this business when i was just of +20 ...If you have some very good knowledge about reversal candle's on higher timeframe's than Hope so you will not feel yourself in trouble Here in BabyPip's school You will find a good stuff about candlestick pattren , Taymen's thread about this pattren is also very good...Google search about it or find video's in Youtube...
PipHacker!!!
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