1. Paul McKevitt-Reply
    October 20, 2014 at 8:33 pm

    Hi Charlie, really enjoy your videos. I’m not trading long, and one thing is bugging me, risk/ reward ratio. I’ve planned several trades at say 1:3 R/R and watched them get profitable to an amount of pips equal or slightly more than the amount of pips to my stop loss, only to stall and fall back. Should I be preoccupied with the R/R ratio or take the profits earlier based on what the market is doing? Maybe taking profits randomly without regard to the target set at the start is a recepie for disaster? I’d love to hear your thoughts.
    Keep up the great work!

    • Charlie Burton-Reply
      October 20, 2014 at 8:43 pm

      Hi Paul. Risk to reward is important but at the same time it needs to be placed into context. So simply looking for 1:3 may not suit the trades you are taking. One solution may be to take partial profit once at 1:1 and the see if the remainder runs. If it rolls against you, at least you have protected the trade by having that partial profit as a cushion. This advise is crude as I don’t know your strategy but it hopefully gives you food for thought. But one other thing is the bigger the risk to reward ratio, the lower the win rate- this is fine but I’m just saying don’t expect a high win rate as well as a high risk to reward.

      • Paul McKevitt-Reply
        October 21, 2014 at 7:36 am

        Thanks Charlie, that’s sound advice. I’m still formulating a strategy, but I do try to lock in some profit by moving my stop when the market moves an amount greater than it. I suppose the fact that we can’t always predict what the market will do despite our plans, means we should be flexible about taking profits when the sentiment changes. Experience will fine tune this abilty I suppose.
        Thanks again!

        • Charlie Burton-Reply
          October 21, 2014 at 7:44 am

          Sure. Moving your stop will help but shaving some profit off is good for the psychology too.


  2. Simon Dent-Reply
    October 21, 2014 at 5:53 am

    Hi Charlie,

    I am looking to start trading a live account after practising on a demo account for the previous 3 months. In my early twenties I worked as a FX broker for 12 years and although I am familiar with markets etc I lack technical expertise with regards to charts analysis. The reason for my using the demo account was to refresh my views and I have managed to stay slightly in the black using a strategy as close to what my real intentions would be.

    When I watch your videos what are the indicators you have applied to your charts? Also, I am thinking of purchasing a training course and have considered your Day Trading course. Do you think this would give me the skills I need to better my chart analysis?

    For your guide I am looking to start live trading with around 3k and to begin with try to scalp 10-15 pips per trade.


    • Charlie Burton-Reply
      October 21, 2014 at 7:42 am

      Hi simon and thanks for getting in touch. I use a series of moving averages including the 8,21,50,100,200 and 500. I do use other indicators but do not openly share those as they are within the day trading course material. If you are looking to day trade then yes the day trading package would suit you very well plus it includes 6 months access to our live trading room so you can see us using it all in real time.


      • Simon Dent-Reply
        October 21, 2014 at 11:21 am

        Thanks for the reply Charlie…much appreciated.

      • Simon Dent-Reply
        October 21, 2014 at 5:31 pm

        Hi Charlie…one more question if I may…If I am looking for small short term scalps of 10-15 pips to begin with what time frame would you recommend I have my charts set to? Using the EMA indicators which I have been (10, 20 etc..) the indication can be above or below the line dependent on whether the chart is set to 15 mins, 1 hour, 1 day and so on.

        Where would you recommend the optimum view based on how I am trying to trade?


        • Charlie Burton-Reply
          October 21, 2014 at 6:08 pm

          You should still use 5, 15, 30 and hourly charts. so although the 5 min may be the timeframe you execute off, you will need the others for support/resistance and direction.


          • Simon Dent-
            October 21, 2014 at 7:01 pm

            Thanks Charlie..I’ll be purchasing the day course later this week, have already spoken to Sam

          • Charlie Burton-
            October 21, 2014 at 7:45 pm

            look forward to seeing you in the room!

  3. Paul Myers-Reply
    October 24, 2014 at 8:32 pm

    Hi Charlie, was great to meet you today and i thought your presentation was excellent, look forward to your 2 day course on the 8th!



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