Indentify > Plan > Accept > Execute
- Joined Nov 2015 | Status: Member | 2,964 Posts
Success is a Journey Not a Destination....... kind regards ramzam
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Disliked{quote} HI there, Looks like you got a good trade in. I would have taken profit before the top of the previous swing high - see pic below. The pic shows the daily chart and where price has moved up to a previous swing high back in July. That's where I would have a target for all trades entered. We don't know what's going to happen when price gets to these levels, but for sure there will be some turbulence. So better to take the profits, especially after gaining 200+ pips ad more if multiple entries were made. This is why it's important to look at...Ignored
Disliked{quote} Hi Pharley. With the four flip trades you are showing do you stay in all the trades as they progress down, or do you come out of your first sell trade before entering your second sell trade. I have got GBP/AUD as a sell trade this morning but waiting for an entry. I'm waiting for a retrace up to 166.00 / 166.50 to sell. Does this sound OK ? Still trying to get images on to your thread, I'll try again when I get home Regards KevIgnored
Disliked{quote} Thanks Master Pharley, I've just take profit about 203pips last nyt.. now I see an improvement on my trading..specially enter and exits..thank you again.. I guess this really fits my trading style..Ignored
DislikedHappy chappy today - got my levels in on GJ yesterday and took this trade. Not a perfect entry but I wasn't in front of screen when price came back to retest. Still, it worked out very well. Had a TP set before a major resistance level - check the daily chart for that level. Risk: reward was just over 1:3 which I'm ok with. {image}Ignored
Disliked{quote} Wow...what a profit?? me also, i just take profit 203pips previous nyt, then yesterday additional 177pips.. I only trade this week with GBPJPY.. Thanks Master Pharley..learn a lot from you.. What would be your next plan for GBPJPY?? {image}Ignored
DislikedHello Pharley and everyone on this thread. I've been trend trading for a while now and during this time I've learned how to let my profits run, however my entries where just plain awful. Due to my poor entries i would be stuck in a position for days until it turned in my favor or even worse I would liquidate a position with a pretty big SL. This system might just be what i need to improve my entry points. Here are 3 screen shots just to see if i'm understanding how one should enter a position using this simple and clear system. Thanks, {image} {image}...Ignored
DislikedAlrighty, got in on GBP/USD on a 50% retrace on the hourly. Targeting 1.2000ish, looking to add a position and move this one to break even on a close lower than the last low on 4hr. EDIT: 2nd entry, closed below the last low on 4hr.Ignored