Minor decision points G/J:
171.40/35
171.25/20
171.05/00
170.75/65 (within major)
171.40/35
171.25/20
171.05/00
170.75/65 (within major)
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Disliked@Ray, What could be the improvement in my order placing method ? if u can suggest any better ?Ignored
Disliked{quote} Thats the blind side of trading, things you only learn by experience, like when its better to use a limit or just go in market or to hedge your position. Its a individual thing. Add: Adapt execution to market condition. Everything you do should be aligned with actual market condition.Ignored
Disliked{quote} So buy or sell in real time and not by placing advanced order ? I do first trade manually then place other orders after placing first tradeIgnored
Disliked{quote} I never add new order, I placed all the orders at different ticks... last order pending @ 171.40, orders were for 170.60,170.80,171,171.20,171.40, TGT 169.40, SL 171.80 (last high was placed around this lvl)Ignored
Disliked{quote} Thats the blind side of trading, things you only learn by experience, like when its better to use a limit or just go in market or to hedge your position. Its a individual thing. Add: Adapt execution to market condition. Everything you do should be aligned with actual market condition.Ignored
Disliked{quote} This is the biggest (and costliest) lesson I have had to learn - it took ages to sink into my 'hollow head'. A profitable trader has a variety of methods that work well in certain conditions. They are not stuck on one system/method/MM strategy, they are flexible and nimble. They can see the conditions and adapt accordingly. If you only have one system/method that works in say a trending market, you then have to find a pair that is trending (and Murphy's (or sod's) law says you will find it or enter just when it pulls back or reverses). But...Ignored
Disliked{quote} Partials, remaining are going to cover above 40/50/60ish, if price reaches there.Ignored
Disliked{quote} Hello Noobtrader, If I can offer my humble advice, from personal experience, SL kills your account. Rather than placing SL, hedge your positions. I see you mentioned your average shorts is 170.80. Here is the question for you; Do you want to hold on to your shorts, risking margin call? or would you rather close all your shorts for a loss, and start fresh based on what you have left. You need to consider the direction this pair goes. Those levels which FXray posted are really helpful, for traders to decide if they should long, short, or stay...Ignored
DislikedMinor decision points G/J: 171.40/35 171.25/20 171.05/00 170.75/65 (within major)Ignored
Disliked{quote} This is the biggest (and costliest) lesson I have had to learn - it took ages to sink into my 'hollow head'. A profitable trader has a variety of methods that work well in certain conditions. They are not stuck on one system/method/MM strategy, they are flexible and nimble. They can see the conditions and adapt accordingly. If you only have one system/method that works in say a trending market, you then have to find a pair that is trending (and Murphy's (or sod's) law says you will find it or enter just when it pulls back or reverses). But...Ignored
DislikedMinor decision points G/J: 171.40/35 171.25/20 171.05/00 170.75/65 (within major)Ignored
Disliked{quote} 171.25/20 offered a nice entry opportunity with a tight risk margin.Ignored
Disliked{quote} Thanks, I'm with you and waiting for the NYSE effect to kick in......Ignored