Trading Wizards @TradingWizards1
A group of traders who want to connect with like minded people looking to improve their trading. Lets discuss trading people!!!!! London Joined May 2011-
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Markets taking out the earlier gains, is this a pullback or the start of a sell off. We have reacted to previous price levels!!!!
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How's your week going so far. Plenty of great opportunities already.
Happy Friday my fellow traders. Could be another interesting day with plenty of opportunity. Have a good one!!!
Do you have a money management system in place that will allow you to make money even if you have a losing pip day??
Do you have a money management strategy as well as a trading strategy?? How do you protect your capital??
Morning traders. Almost end of August and its been interesting. After the sell off we are naturally having a cool of period.
Sometimes staying out of the markets is one of the hardest things to do. With the recent volatility there has been this challenge...
It can be easy to jump on the band wagon, but be careful. Again we have gaps in the markets and the last 2 weeks they have all filled......
I hope you are all having success with your trades this week. The markets have been on a lovely roll over which is running out of steam.
With the futures & daily rolling markets gaping up last night, it's no surprise to see the markets push down. Remember gaps often fill!!
Well the US has almost agreed. But its been more about political scoring than finding the right solutions. Could be in for a bumpy ride!
Friday Admin + End Of Month Admin. Figures looking healthy, 1 trade still live and we will see if any others trigger. Up 853pts for July!!!
Remember folks, PRICE IS KING. It is so easy to focus on indicators and lose sight of price!!!! Always ask, Where Is Price??
A messy week in the markets as the US government try and sort out there debts. Could be an interesting day IF they vote!!!
Today was a great lesson about trading news items. Unemployment in the US increased but the markets rose. Be cautious of trading news.
Hope you are all having a great weeks trading. So far this week, 6 trades, 1 loser @ 70pts and 5 winners @ 621pts. Currently short Dow & S&P
The PCS strategy is again showing the strength of risk v reward. 50% win/loss ratio for July and 340 points profit so far.
After the review, some small changes to the stop levels and target levels and the strategy has been improved. Keeping a journal is a must!!!
Friday is admin day. Update trade journal, review the numbers and see how the week has played out.
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