Welcome to Matt Sharp's Blog. This is all about TRADING. Trading the FOREX market and TRADING the Indicies such as the S&P and Dow Jones. We're talking "Day Trading" so we're in and out in maybe just a few minutes, sometimes a few hours but no more.
And, YES, it is PROFITABLE so take a read.......
You can IM me at "mattrsharp@hotmail.co.uk" and I'll respond asap
The average range for Cable (Gbp/Usd) is around 150 pips. Following comments by the governor of the Bank Of England Cable fell like a stone. Didn’t make 400 pips but did take 12o pips on the first trade and 30 on the 2nd. Video is here.
The US stock market was slow in comparison and actually ended up down $20 (per contract) and switched back to the Fx market rather than slug it out in the S&P. Video here
3 Comments
I’ve been following and trading this method for several months now, and I have to say, it’s perhaps the best method I’ve seen to date. I’m a paying member just like all of you, so this feedback is completely honest. I just think Matt is onto something fantastic here.
I am trading a few months using fiveticforex. I tried 6 currencies against the USD. I traded simulations and real money. I can’t explain why but when I trade with real money my account is going down and I am getting scared. When I trade on a simulated account I win more often and if would have traded real money I would have been winning.
Question: How we know in advance to let a contract ride with the price. Is easy to see looking backward. Any suggestions? Matt is doing a great job with the videos and I learn every time something new.
Hi Frinel,
Once in a trade switch to a 5 minute chart as that will allow you to “feel” the market better and as suggested in the course follow the trend by trailing the stoploss to the tops or bottoms of “up” and “down” bars.