hehe..my friend trade this on 30m, 6 trade today - 5 win, 1 loss
dont ask me how he do it.
GY still in play...duhhh...feel it pains....not hit SL, not hit TP...but play in -ve side....if in +ve side...i would rather kill it immediately
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DislikedWhat about the USDJPY chart now.... Can you infer anything ?
CheersIgnored
DislikedLooks good. I would just use the first IB bottom because it was a bit bigger. The IB you used was valid, but there was other IBs to consider.
Keeping practising my bother.Ignored
DislikedOk thank you so much for the explanation.......
Yeah ...need to Practise a lot ....... Just 2 days old in this thread .......
How about USDJPY now ... It looks to go up ???
What will be your entry price and stoploss ?
CheersIgnored
DislikedOk thank you so much for the explanation.......
Yeah ...need to Practise a lot ....... Just 2 days old in this thread .......
How about USDJPY now ... It looks to go up ???
What will be your entry price and stoploss ?
CheersIgnored
DislikedI'm in it, entered at 107.58 (buystop) with sl at 107.41
17 pip risk, i'll close 2/3 at 9 pip profit at 107.67Ignored
DislikedOne question Jarroo if you have more experience in this:
Now I've added to my position in the UJ with the latest IB. Do you think it's correct to move the the firts trade's SL to the new IB? First time I've added...Ignored
DislikedI'm in it, entered at 107.58 (buystop) with sl at 107.41
17 pip risk, i'll close 2/3 at 9 pip profit at 107.67Ignored
DislikedIt just depends on your own discretion. I'm in both the longs too, and I'm going to move my stop on the 1st part to the 1st entry price when that position is up to 2x the pips I risked just like I do with any other trade unless I see a reason not to do so. (only a few more ticks!) Anyway, I'll eventually merge the stops once the position goes farther in my favor. There isn't a 'correct' way to do it.Ignored
DislikedIt just depends on your own discretion. I'm in both the longs too, and I'm going to move my stop on the 1st part to the 1st entry price when that position is up to 2x the pips I risked just like I do with any other trade unless I see a reason not to do so. (only a few more ticks!) Anyway, I'll eventually merge the stops once the position goes farther in my favor. There isn't a 'correct' way to do it.Ignored
DislikedOne question Jarroo if you have more experience in this:
Now I've added to my position in the UJ with the latest IB. Do you think it's correct to move the the firts trade's SL to the new IB? First time I've added...Ignored
DislikedWell said Arch.
Peter however mentioned that he trades them as individual trades that stand on their own.Ignored
Dislikedhang, on technically speaking there weren't actually any IBs. This is a different setup - a break of a 3bar high.... all bar's had the same high but higher lows.Ignored
DislikedYes but he manages them as well so I guess at some point they may merge into one sl, especially when they have moved a quite a bit don't you think? Maybe I moved the first sl to early but I have a rule: once the sl is placed it can only be moved in the direction of the profit never to the other side. So now I can't move it back! Haha...Ignored