On the topic of money, it means a whole lot of difference to a lot of different people, I learned way back one of life’s lessons, physical objects give you something to worry about and the same thing holds true for most things in life, the more you have the more you have to worry about, its a simple little lesson but holds truth.

Just as an example, I purchased a wee van for the business to carry the papers, before this was an old bashed thing with loads of miles on it, I was quite content leaving the old van anywhere, not a care in the world, the new van was over 18 grand (something to worry about) now I have to worry about things bashing it or denting it with cars in car parks  I have to worry about driving it on ice and snow etc etc

The less you have the less you have to worry about!

On the other hand, money you require to live comfortably and it eliminates a lot of worry of bills, food heating etc

I’m good at stating the obvious but took me a while to understand that stuff when I was younger, because I didn’t have a lot I wanted everything everyone else had, I didn’t realise it came at a price and that price was worry!

Another wee tip that might come in handy for some.

No matter what time frame you trade.

Awhile back I noticed that my stops were getting took out about 80% of the time then the price would reverse and go in the direction I had initially thought it was going, very annoying this was to say the least, I’m sure most if not all of you guys had the same thing happen.

Any way my tip is this, If its happening to you do not move your stop further away to combat it!

Instead move your entry point to were your stop loss is getting hit and eliminate that 80% of bad trades.

Sure you might miss the move but its better to miss the move and not lose anything than to take a loss on your account!

Again common sense prevails

There is a lot of small nuggets of information like the above that’s easy to miss I missed it myself for a while.

If what your doing isn’t working, do something else, anything else but turn it about so it works in your favour instead of getting frustrated with the market or yourself

I think you have to just look at things from a different  perspective sometimes to see it from a different angle.

Its also worth noting or paying attention to how the price moves on your screen, what causes the market to go up and down, how does these orders move the bars on your screen,

they have buy and sell orders in a drawer and have to get them out the drawer and into our screens its not someone doing it manually its code, algo’s computer language, random or not so random,

ask yourself how you would do it? Think about it for a moment, If you had 100 buy orders and 300 sell orders what would you do?

Knowing these things should give you a small edge in the market but start to pay attention because there are lots more to notice and the sooner you clear the screen it might become clearer to you.

Just a note here, I use indicators on the higher timeframe chart, it means I can glance quickly without spending too much time on it and see the main direction, I also have my support/resistance on that timeframe, not the 5 minute, I keep that clean as possible (just candles).

I’m not against indicators at all as long as people remember they come secondary and not to use them to enter because if they do there not getting on the trade first and chances are price will reverse on them soon as they enter the trade unless there lucky and no one should rely on luck to trade.

There used as a conformation, if you have to wait for conformation then while your waiting I’ll probably already be on the trade and I’ll be off again just as you enter.

The name of the game is to get in early and get out early or hang on tight and stick with it and accept drawdown, which is easier said than done for most.

Anyway just my thoughts and if they help my jobs done.

I don’t work with % I trade for points, the spread varies depending on who you trade with and what time you trade and how fast the market is moving at that point in time.

With CMC Markets who I’m trading with the spread is usually between 2.9 and 4 points

Trading over a range? you mean between consolidations? If so, I do trade those and trends, because I’m scalping I can do both with ease, that’s why my trading works no matter what it does.

If its trending I get more trades out of it and quicker

Someone once said to me, find the worse trading system you can find and do the opposite, I thought about it and thought yes that’s a great idea, that’s all I have to do, I’m going to be a millionaire soon!

It didn’t work unfortunately but what I failed to do was look deeper into the why it didn’t work to actually make it work. I just dismissed it and started hunting for the elusive holy grail trading system I felt everyone else had that I didn’t.

All over YouTube following all those guys for years, listening to anyone who talked about trading etc, my time would have been better spent analysing the price and looking at history on the charts! but were all looking for fast, easy money and we end up listening to anyone because we want to believe what they say is true.

When I say looking at history on the charts please don’t misunderstand my comment.

Just because I look at rejection points etc on my chart and it happened in the past doesn’t mean its going to do the same next time! chances are if its clear to see then everyone can see it and the ones at the top know this can can use it to there advantage, but As I said before you can also use that knowledge to your advantage, always look from all perspectives it helps me.

I wish Khara who said:

Congratulations!
But what is the meaning of your posts? Let us know how good you are and that you close your trades in profit, with 100% win/rate?

It would be nice to know:

• your strategy;
• how do you enter and exit;
• what your stop loss and take profit?

It would be more useful for many people.

I wish they would kick in the conversation again and talk about there trading, how there getting on and what problems there having etc, I have been there loads of times myself and I know how frustrating it can be! Loads of times I felt like sneaking a hidden camera into a good traders room and spying on them to see how the hell there doing it right and I can’t! lol

I’m not in here to piss anyone off or show off my skills, If I can help someone out I do, sometimes they just need a few pointers to get to were they want to be.

So khara if your listening, join in, ask questions and fill us in how your trading what your trading how your getting on etc