Quoting tkimbleDislikedI place entry orders using the FXCM platform. Enter order within 10 minutes of market open on Monday. Close trade during the last 30 minutes of the market on Friday.
TkimbleIgnored
Quoting tkimbleDislikedGreat Trade.
I was stopped out twice for two 30 PIP losses this morning but now long at 1.9352. Letting it ride.
Happy Trading,
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Quoting CarolynDislikedcaventou....My understanding is entry is Eastern Time 8:00 am. It looks as if entry is very important on this system.
My close 1.9290 Your close 1.9299 (differance in brokers)
Entry Buy 1.9340
Entry Sell 1.9240
I use MACD, although tkimble does not say that he ueses any indicators, but I could see from the MACD that there was a pullback happening between 7 and 8 A.M., so I waited and placed my entry at 1.9315. Once the pair had moved far enough up I place my stop loss at 1.9319 which is breakeven. I am up 60 plus pips.
The reason I placed my at 1.9319 and not 9340 is tkimble said that if he is stopped out he will move his entry closer. I was not stopped out but would have been if I had placed my trade at the open of Sunday 5.00 P.M Eastern time.
Just my two cent and understanding of the system.
CarolynIgnored
Check out this chart:
I entered at around 00:00gmt on Monday and got stop out. Is that what u got tkimble? If i get stop out for 2 entries do i have another re-entry? Or just stick with -60 pips for the whole week?
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