I took 2 short trades today.
1st:
Half closed at +25
Half hit SL at BE+3
2nd:
Half closed at +25
Half closed at +58
1st:
Half closed at +25
Half hit SL at BE+3
2nd:
Half closed at +25
Half closed at +58
Thoughts are things
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DislikedI took 2 short trades today.
1st:
Half closed at +25
Half hit SL at BE+3
2nd:
Half closed at +25
Half closed at +58Ignored
DislikedX-Man
Thanks X. I'll be providing lots of articles just like it in the future. They apply to trading, but are also universal in their application.
Thanks for your support!
All the best.
dcgincIgnored
DislikedHi Dc pls post the link to your blog and the particular article so we can all benefit.
Thanks!Ignored
QuoteDislikedHi Dc pls post the link to your blog and the particular article so we can all benefit.
Thanks!
QuoteDislikedLots of indecision in the market today.....done for the day.
DislikedMay i ask you when do you put your SL to BE?
I took the same two trades as you, the only different thing was my SL methode, now locked my +4pips
I think if the next candle starts under the 200ema i will go short again...Ignored
Disliked
Total for today 60 + 37 = 97 pips
I set my TP just below the 4H trend line as this trend line is still holding.
TIP: If you always set your TP at sensible areas then you will notice how easily it will be hit.
Like now it wont be logical to set TP above the trend line if you went long.
Or if you went short it wont be logical to set TP below the 200 EMA.
Ignored
Dislikedawesome to see how many +pips you make every day
and thanks for the TP advice
Next question: Is your SL always 50pips? or are you looking there also for sensible areas?Ignored
Dislikedawesome to see how many +pips you make every day
and thanks for the TP advice
Next question: Is your SL always 50pips? or are you looking there also for sensible areas?Ignored
DislikedI just closed a trade now for 37 pips. It hit within the first candle.
Total for today 60 + 37 = 97 pips
I set my TP just below the 4H trend line as this trend line is still holding.
TIP: If you always set your TP at sensible areas then you will notice how easily it will be hit.
Like now it wont be logical to set TP above the trend line if you went long.
Or if you went short it wont be logical to set TP below the 200 EMA.
Ignored
DislikedHi X-Man,
I took this trade one candle earlier than you after the red pullback candle closed @ 1.3116. My SL was at the swing low (30 pips). TP was 30 pips.
So I made 30 pips. Which covers my 50 pip loss on the asian breakout trade.
What made you decide not to enter at that point? Did you wait for PA to cross the EMA?
It seems that you entered the trade even though your ratio was 1:1 but I guess 1:0.7 (I mean that tp/sl was lower than 1). Why did you enter? Isn't it dangerous to do so as your expected profit is lower than your loss.
Best regards
xeagon...Ignored
DislikedHi X-Man,
I thank you once again for your tips and advices and cause I was one who was about to give up hope. Till i found this thread and its community.
Just one quick question: when we speak of pullback candle, we're speaking about japanese candle or Average Price Bar?
Thank once more!
U rock guys!Ignored