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Hi Lefkosia, Hope you're well, enjoyed catching up on your new strategy, quick question regards no stop loss in your system, if a trade goes the wrong way, at what point do you decide to crystallise the loss? Are you allowing a set number of points move, or letting it run incase it comes back, if prices are ranging? From my experiences my stop loss has been taken out, only for the price to move back positive at a later point, but only having a small fund, it makes you feel the need to protect it. I like the system you are currently using, would you say you've had most success with this since you've been trading? Thanks
Hi Lefkosia, Just checked in on your chat board, sorry to hear you were taken in to hospital, hoping you are on the mend & all the best to you. Look forward to your updates once your'e back up to speed!! For anybody interested in learning more regards forex trading, charting, technical indicators etc I have been working my way through the education section of babypips.com I am roughly halfway through & have found it pretty informative to date, certainly learnt alot regards using fibonacci, support/resistance etc etc works well when combined with Lefkosia's T line. Ive mainly concentrated on GBP/USD which is trending well. All the best to everyone.
Hi Lefkosia, I much appreciate all of your responses, & will look at all links you have provided, I feel sure I have watched a couple previously but no harm in going over if again. After demo trading for some time with what I consider good results I have recently started a live account, all going fine but the importance of a stop loss or setting a level that you action immediately becomes so much more important, my lack of discipline (which wasn't or didn't feel so needed whilst demo accounting) has shown up a couple of times, which I need to address! Do you keep an eye on the Dow Jones or stick mainly to the FTSE & Forex?? Thanks again.
Evening Lefkosia, Out of interest when you're carrying out these FTSE trades, regardless of points size, what stops, if any do you put in place? Do you run a trailing stop? Also, is there one stand out candlestick pattern that you look out for that instantly gives the signal to place a trade in either direction? Thanks in advance.
Morning Lefkosia, Having just opened a demo account with IG, just checked out the Ctag daily chart, using the 3 & 8 ema's, it would of signalled a good buying oppurtunity around the 12/13p mark, offering a second bite at the cherry, have you kept an eye on it since I highlighted it recently, and what is your view on it now? Many thanks
Thanks Lefkosia, appreciate the chart updates, 88e, Ctag etc, keep it up, to report you is beyond my comprehension, you take time out to look at & produce these charts for others off of your own back, the more information on them the better from my perspective, so keep it up & thanks!
Afternoon Lefkosia, thanks for the updated Ctag chart, much appreciated. Fundamentally a good company, waiting for an imminent RNS regards product launch, NHS tie ups & so on, so yes seems the share price is consolidating at present. From following 88e/Ukog share charts, it seems to me that you need to use the 1hr or 2hr charts for best success? Do you feel this is the case also?
Morning Lefkosia, I always read your threads on the 88e board & appreciate the updated charts you post with likely outcomes etc, what I would appreciate is your view on Ctag & whether you could do a chart for it please, without looking myself but going on your previous charts, I imagine the price is to far away from the ema's, but the momentum behind it makes me think it will continue upwards in the short term, also how would you find out about a share such as this if it wasn't from another poster whether here or on Twitter etc & then looking into its fundamentals? Many thanks in advance