I am long on aud/cad at 1.0469 TP 1.0531 IB today. Sl at 1.0434.Ignored
Better Luck next time!
What is your most profitable trading method? 73 replies
Pipster's S\R, Trend Trading Method 14 replies
Jacko's P&P Trend Trading Method 73 replies
I think trading IB's both ways could work but I think Roman would say why do it when you're rolling in the pips already with the trend...Ignored
I feel a bit left out since I choose to only trade just the 6 major pairs plus e/j and g/j. Missing some of the action, but I think that might be good too.. teach me some patience.
nubchai, i think there might be some extra pips to be had if we do trade the high and low of each IB (bracket every IB with stop orders).. I did a quick visual backtest of e/u and it looks like at least 20-30 pips are always there, sometimes 100+. While this appears good, a solid TP would be hard to calculate. Also, with the added potential losses of 30...Ignored
This one is Very interesting Trade. What to do? Long or short? Pl. opine.
Eur/Cad to short at 1.3898 TP at 1.3810 for possible 88 pips? OR Long at 1.3995 since it is Closed on 50 EMa!! Have you noticed that? Pl. opine.
Last 5 Daily bars are in Downtrend BUT--- Last one is a green one!!
What to do??Ignored
I was just putting in some stop orders and I had a couple old ones I forgot about, and they were going the opposite way to my new orders. Anyway, if your broker is a U.S. broker like mine, then it would be impossible to have a buy stop and a sell stop at the high and low of an IB as the mt4 will just give a 'no hedging allowed' error. Some people were thinking of an add-on countertrend deal, by maybe placing stop order at high+low of each IB. I guess the only guys who care about this would be those of us lucky enough to live in the USA...Ignored
I had a ucad long that I had placed on 9-2. It stopped out this morning for 150 pips. This is where I'm not sure what the rule is. So after looking at the chart I re entered another long trade. As for my stops I wasn't following the bottom of the last candle rule. I'll have to go back and look at that. I think my eye balling and adjusting the stop resulted in too tight of a stop for a daily trade. It's hard to not lock in profits though
Last night I took the GJ short trade with a 30 pip SL. It got stopped out. I place a...Ignored
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