My eu limit.
- | Joined Sep 2008 | Status: Lucky Man | 2,267 Posts
forget about tomorrow, just steal away into the night
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DislikedNow I have limit orders on dragon and aud. The Australian Dollar order is a no brainer, price will reach the level and react.
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DislikedCongrats on the trades. Nothing better than being flat with profits booked.
What is that Aussie no brainer please? I kinda lost touch with that pair, I don't want to short it because of the swaps and I don't want to buy anything in these markets either. So this leaves no option but to stay out.. but if you have a no brainer punt ...
Oh new avvy I see? Let me guess, Wladislaw T.
I've been watching Red Sun, The Great Escape and The Dirty Dozen these last couple of days. Pencilled in for next week: Raid on Entebbe, Battle of the Bulge and that...Ignored
DislikedMy previous positions that I had built with limit orders. I want to stress that this is my style of trading. Cyclic is the natural movement, something to keep in mind. Patience and chartwork can tell you where price should move to.....should. lol It's always nice to see divergence. http://www.forexfactory.com/attachme...4&d=1344649579Ignored
DislikedHi, C-Man,
I know that like reversal waving logic you are using, the odds are accumulated so you are reasonable to open so many trades (put on so many stakes) on it. But nothing is 100% sure, I want to know that:
1. Is this situation in the middle of market movement in your plan before you do it?
2. Divided by planned/unplanned, talk about the swimming mood by keep opening losing trades at that moment.
3. If the market keep going against you and eating your account, will you stop? If yes, where/when would you stop?
4. How many years do you trade?...Ignored
Disliked1. Sometimes, price is driven and I use limit orders-sometimes they are hit and sometimes I miss.
2. If a limit is hit and price exceeds my entry-I will evaluate to determine if I can get a better entry.
3. Yes, I use a catastrophic stop loss. However these are 4hr charts so I'm not going to get too surprised because I see areas above and below where price is going. I stay within my risk tolerance.
[b]4. I started trading stocks in the late 80's. I moved on to other instruments after 2000. Forex in 2006 or so. I would say that confidence...Ignored
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One of my ex girlfriends was a domineering control freak (after about 6 months). I think that tempered my psyche pretty well for trading. A losing trade ain't got nothin' on the year I spent with her. LOLIgnored