I'm still long... volumes quite low.
I reckon it might tickle 1.30050 area again ..but it should pull back more up
I reckon it might tickle 1.30050 area again ..but it should pull back more up
Less is more...
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DislikedWhat happened today during Asia proves a few things to me.
My loss on longs was very limited because of tight stops, but of course few people expected the 1.3128 to be breached.
I took a long @ 1.3010 and @ BE already.
But let the price come to you
Don't chase the price down. (Or up)
I expect to go higher during Frankfurt and / or London, a pull back is needed IMO.
we'll see where it goes.
I still have shorts from 1.3205 that I don't want to unload because I think we're back in the down trend.
We'll see but I'll keep a very close watch.Ignored
DislikedInteresting aproach
Your long trade hit SL and you took another long straight away?Ignored
DislikedI'm still long... volumes quite low.
I reckon it might tickle 1.30050 area again ..but it should pull back more upIgnored
DislikedI always trade that way.
If my SL is hit it means that I took the long too early, not that the long is not valid.
Same for shorts.
Keep stops tight and try again at a better level.
It has always worked for me since I'm mostly right in the basic direction but sometimes it's hard to pin point the right entry.
Lots of people have 40 pip sl, I take 10 pip sl and try again when those other people are at their 40 pip and if I'm right I won 30 pips
For more info on this way of trading search for Jacko in the search box.Ignored
DislikedWould only look to initiate shorts around the 1.3080 mark...otherwise, would not short near 1.3000 mark. Highly likely that we see at least a quick run up before any continuation down. That is the scenario I am watching for. Building some longs now.Ignored
DislikedInteresting aproach
Your long trade hit SL and you took another long straight away?Ignored
DislikedIn general, any trade that requires a 50 pip stop or more it not a valid trade in my opinion.
Better wait till you're closer to support or resistance!
Or take a trade in the opposite direction on the way to your entry point.Ignored
DislikedAnd for exiting a trade I also have a very simple solution.
If you are in gain on a long trade, simply ask yourself yourself the question: is this a level where I want to go short? If yes, then exit. If no, then don't exit.
And the same (opposite) for shorts of course.Ignored
DislikedLONG at 1.3036 with a Limit now ...
Lowest "MID" been 1.3033 ... and this has been since 02h38 several times(!) ...
Time of execution 03h03 CET
;-|Ignored
DislikedI've done the same..set my SL @ 20 pips down
got blown up
Totally shouldnt have gone against the trend..
Is volume in forex less important when compared to stock?
what I perceive is...people take lesser concern about itIgnored