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Post# of 42555
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Re: jimmyt99 post# 12157

Sunday, 07/01/2007 4:21:53 PM

Sunday, July 01, 2007 4:21:53 PM

Post# of 42555
Jimmy I think you're on the right track for sure.
I have similar limitations with my time and can tell you it will be tempting to leave a position open.. Don't do it.
This market changes in a moment's notice and will half your account in one small spike from a news story in the middle of the night.
That being said I think your indicators are the correct ones though I would add slow stochastics as I've had great success with them.
Also look into trendlines as well.
Trendlines are accurate no matter the timescale and combined with indicators are a very reliable trading style.
I don't trade the pound but I do dabble with the USD/JPY and it is possible to get 20 pips a night with that pair... Not every night.. but most.
Good luck and welcome to the board.


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