I will likely be adding a position to this pair.
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Looking on a naked chart, can you pick the best strategy? 32 replies
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Trading as naked as you can get 0 replies
Dislikedthankfully i caught this one, thanks - now +180 , struggling with in-trade management - whether to take profit, or let it run, have set 60 -pip trailing stop loss to avoid retracements - any comments anyone?Ignored
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Just a suggestion: Take half of it, move the other half to BE and let it ride. Add another full position if there is another BO and the second half of the position is still alive tomorrow. Then you will have a MoneyTree situation.Ignored
Dislikedthankfully i caught this one, thanks - now +180 , struggling with in-trade management - whether to take profit, or let it run, have set 60 -pip trailing stop loss to avoid retracements - any comments anyone?Ignored
DislikedThings are really pipping this morning...hope everyone is bringing them in. But then, Thursday is usually our best trading day.Ignored
DislikedMore MT losses for me. Down about 150 pips since getting back on the wagon yesterday. Still have some open trades that are in profit though, but total net difference is -150.
Bleh.Ignored
DislikedTake time off from the MT trades for awhile. There are plenty of pips to grab from the H1 BOs.Ignored
Dislikedi started looking at mt trades and bo trades as individual setups but now
i am starting with bo trades and finding them perfect entries for possibly continuing as an mt trade. If it doesn't set up that way, then i take my profit off the table and move on. No need to look for just one or the other.
It simplifies things for me and i think while i may miss that "big" move there is also a decent chance i will not.
I believe lg has indicated that these are all inter-related and work better in conjunction with each other rather than as separate...Ignored
DislikedSorry to ask this, but having followed this thread for several months I've for some reason missed the meaning of "MT". And now having exhausted myself searching for original use of "MT" in this thread . . . please, refresh my memory here.
ThanksIgnored
DislikedHi. I think it stands up for Money tree. You can read the explanation on first page under:
5. New Daily Entry (MONEYTREE) added May 18, 2011
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DislikedI am not seeing any good BO set ups yet. Does anyone see anything?Ignored