Both trades for a few pips..They were acting funny.Now look at them..
- Post #9,598
- Quote
- Edited 8:48am Mar 27, 2012 8:29am | Edited 8:48am
Look for reasons not to take a trade.
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DislikedFailed impulsive move,after wedge breakout.Shorted at 50% retracement..I aim small since not much space..On EJ i was stop out due to the last red momentum bar but i quickly reentered and this was the 2nd short..Ignored
DislikedBuy GU.
Entry (Yellow Arrow) : PB retest on last week high.
Attachment
Update : Exit for 31 pips.
AttachmentIgnored
DislikedFailed impulsive move,after wedge breakout.Shorted at 50% retracement..I aim small since not much space..On EJ i was stop out due to the last red momentum bar but i quickly reentered and this was the 2nd short..Ignored
DislikedAs far as I understand, your entry was close of 15M bar (Pin), correct? Still not able to see candle wicks. I Can only compare your chart with mine. Nice trade anyway. I'm learning from everybody's posts here :-) Thank you guys!Ignored
DislikedClosed +29. Could go higher, but reached my target. Blasted throughIgnored
DislikedNice trade . Keep up the good work. Maybe you can consider splitting your position and let one position run longer.Ignored
DislikedThank you. I like breakouts, it's fast. How is your day going?
Thanks for your advice. I will need better hit rate for that. Still learning to handle one position properly
If I split my positions, then my RR could be negative. I prefer to keep just one position for now. At least for scalping.Ignored
DislikedYou'll not need better hit rate if you let one of your position run longer. Instead, you can go with lower than 50% hit rate, and still making money if you let your profitable trade run longer.Ignored
DislikedI'll think about it. If I see my trades too often will go too far without me, I willIgnored
DislikedHi Alec,ur doing well my friend.Ur a very fast learner.Trade management is something u will have to decide for yourself.But my suggestion to you is to see how the market is acting and adapt to the situation.We do not know when it will shoot up..
KaiIgnored