DislikedTK,one more question pls...do u use any indicator to confirm your entry? thanks....Ignored
TK
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DislikedNo. I simply enter at 2400 GMT providing I have achieved the TP on the previous bar. If not, then I simply allow the trade to cross-over to the next bar and expand the TP by 50 PIPS...
TKIgnored
Dislikedisn't the caveat here that by your rules the next bar should have the same entry.. ie : if current long and the next bar, by rules also denote a long, then carry over trade and expand tp.
however if rules state next bar entry is short, would you close and reenter short but with a tp of 150? or with a tp of 100?Ignored
DislikedAll of my initial SLs are set to 40 PIPS. If the trade accumulates a 50 PIP profit, then adjust your stops to 20 PIPS and let it ride. I use a 100 PIP TP but you can do very well with the 50 PIP TP. For example, a 50 PIP TP per day using only 1 lot equates to $1,000 daily profit. This is a very realistic objective.
These are all personal preferences...
TKIgnored
Disliked@ 50 PIP profit ... adjust stops to 20 PIPS and let it ride ....... tk ... I like this addition to the Daily!
skyline, can the EA be adjusted, for the daily, to reflect this? I think for the EA ... this would be a great adjustment!Ignored
Dislikedentries for Thursday (tomorrow) seem to be:
- for gbp-jpy: obviously, short
- for gbp-usd: so far short; however, if the day closes @ or above 1.9557, the entry should be long.
SAR @ -40 PIPS; TP @ 50 PIPS (i don't feel like taking too much chances with this choppy market).
anyone doing something else?Ignored
DislikedWant to be clear. The inital SL is 40 PIPS. Only adjust to 20 PIPs after you have achieved a 50 PIP gain with a 100 PIP TP. Or, you set a 50 PIP TP which would drastically reduce your exposure to the market...
TKIgnored
DislikedIf you are simply taking profit at 50, and your first entry for the day reaches 50, would you be done for the day (like with the TP100 approach)? Or would you keep entering new trades until you reach 100? Or would you take all trades until 23:00GMT? Or would you set a limit to the number of entries per day? Or ???......Thanks in advance.Ignored