Commodity Based Currencies Basket
https://fxunity.oanda.com/currency-baskets/comm
https://fxunity.oanda.com/currency-baskets/comm
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DislikedGBPUSD, M30, 2012 April 09
GBPUSD, H4, 2012 April 09
Long @ 1.5856 (3/10), Target @ 1.5902 (DR1)
PO Long @ 1.5848 (2/10), Target @ 1.5882 (mR1)
PO Long @ 1.5813 (mS2) (2/10), Target @ 1.5902 (DR1)Ignored
DislikedEURUSD, M30, 2012 April 09
Long @ 1.3050 (3/10), Target @ 1.3144 (DR2)Ignored
DislikedOk I will try it...
At first a little introduction:
Attached is a picture of the current H4 move on EURUSD. I want to take this as a first example. (I know that the move was based on some news, but it doesn't really matter).
Typical points (in my strategy) to enter are the horizontal lines. Why? Initial move is made. Furthermore you can see some support/resisstances some time ago.
Another setting would be that a trader tried a scalp, but didn't exit at the short retrace.
So the trader has some open positions long. Now you can see...Ignored
DislikedHey all,
in post #931 I listed some basic methods to hedge or close open orders. That was more the theoretical part of forex. The trader is looking for the perfect strategy (holy grail...). But the strategy doesn't have to be perfect in order to be successful. When a system has proven (for you) to be profitable in the long term, the key is to follow it strictly and don't get nervous in bad times.
From my point of view the mental part (fear, confidence, ...) is just as important as the basic strategy. I trade forex a long time and...Ignored
DislikedMaster Yoda
Thanks for your 'take' on trading.
I too hate SL's too . . you loss that's it . . nothing more said.... you can't get it back.
I do as you and FX3 do . . do a calculated hedge.
For example, if a 0.10 sell goes against me and I see a buy opportunity I will either buy at 0.10 and close all at BE or buy at 0.10+ what ever maybe 0.11- 0.15 if I feel more confidant about the buy move and close all at BE+??
At any one time I have multiple positions open like right now I have 7 sells open for a total of 0.21 and 4 buys for 0.18...Ignored
Disliked...
Currently I am learning LTT never did it before. I envision riding one of those place a sell at 1.33 and cashing out at 1.31 kind of trades
you know like 300 + pips . The problem is being up 50 60 pips and seeing pa retrace and letting those pips go in the hope that it will return back and go lower
Well Happy Easter to allIgnored
Disliked#933
LTT is great!
There is no wrinkle!
You have only to manage another MM when trading H4/Daily.
A Retrace about 200-600 Pips shouldn't also be a kicker, too. It's inherent in the system.
A trader which won't accept a drawdown about 200-600 Pips at H4/Daily/Weekly shouldn't trade LTT.
I like to trade with 2/10 at first after 200 PIps drwadown 2/10 more, after 200 Pips drawdown 2/10 more and scalp interim the countermotion...Ignored
DislikedThanks for the info Just not use to it LTT
Will demo this till it come natural
then .01 lotsIgnored
DislikedYou could follow some LTT-Trades at 2 x 2'250.-$ Accounts in the next months. I could upload these orders, when I have the time and the love to do if it it might be arouse interest.
FXcubeIgnored