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- Petemeister replied Dec 19, 2012
You mean because London left it below TY high? You are right, all these levels are useful but we still need to decide whether to trade the breakour or fade it....
- Petemeister replied Dec 19, 2012
London low 13230, Tokyo low 13224, NY low 13216.
- Petemeister replied Dec 19, 2012
I see, explains a lot why I can't see it. Btw, I have been observing your call and see clearly in the chart TY high/low, NY high/low, etc. Is PA this well-behaved more often than not? Or does it work much better in a trending market like the past 2 ...
- Petemeister replied Dec 19, 2012
Hey attila, I start to learn how you call the number and its importance. Manage to make sense almost all numbers, except this one 1.3313. How do you make it up?
- Petemeister replied Dec 18, 2012
It wasn't a serious post, but if it pissed you off that much....
- Petemeister replied Dec 18, 2012
Do you know anybody who has ever turned $100 into $11k? If he is lucky, he would double up once or twice and then we will hear again in a week time.
- Petemeister replied Dec 18, 2012
Very good advice but this sounds like hard work mate for him. What he want you to tell him is how he could use his $100 to win back $11k in a month's time, or a week if possible. In theory he just need to double up his account 7 times in a row and ...
- Petemeister replied Dec 18, 2012
so why do you pay more attention to 3156 instead of 3164?
- Petemeister replied Dec 18, 2012
Why 3156? NY close was 3164?
- Petemeister replied Dec 17, 2012
OK, I got it now, basically if you are trading daily TF, and you want to micromanage stops, you move your SL below H1 or H4 support instead of daily support. Makes sense. And yes, most of the times I risk 2% for 20 pips SL, but sometimes when I ...
- Petemeister replied Dec 17, 2012
Agree. I currently only trade intraday but want to consider daily TF and that's why I ask more about SL for someone trading daily TF. Maybe I will try in another account to trade tiny size on daily TF and see how it goes for the next few months and ...
- Petemeister replied Dec 17, 2012
Thanks. I normally trade with SL of 15-20 pips trying to catch 50-60 pips, but the problem is if the price goes in profit for 30 pips and then start to retrace back and forth I got confused whether I should hold it out for the full target or take ...
- Petemeister replied Dec 17, 2012
Okay, so you basically don't have a SL intraday and will add on dips and only decide to close at NY close if it is below 3152ish. No second guessing to predict the market, no need to pay attention on German credit rating downgrade, EU interest rate ...
- Petemeister replied Dec 17, 2012
Do you only decide to close open position after you know NY close? What do you do if EU drop below 13100 at 2pm this afternoon, for example?
- Petemeister replied Dec 17, 2012
Thanks. I want to learn more about managing open position. If I am hypothetically long from below 13000 and already took partial at the current level, what would be the best level to put SL if I want to aim for your level of 1.334x? Just below ...
- Petemeister replied Dec 17, 2012
If even after we got (positive) fiscal cliff final world, we still don't manage to crack 13200, how low do you see we will retrace?
- Petemeister replied Dec 14, 2012
Not my day today, hit my 2% daily threshold, good luck all, see you back on Monday.
- Petemeister replied Dec 14, 2012
May the pip be with us then! =) Add another long at 13105, all SL at 13097. Plan to take partial at 13115/20 area
- Petemeister replied Dec 14, 2012
Don't worry, of course it's my decision. Won't blame you if I got stopped out but will kiss you if I TP ;-)
- Petemeister replied Dec 14, 2012
Took a long at 13106.5, will add if we dip further as long as above 13097