DislikedLooks like i have a long way to go training my patience.
But looking at E/A daily chart doesnt look very promising tho...Ignored
Only time will tell...
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DislikedLooks like i have a long way to go training my patience.
But looking at E/A daily chart doesnt look very promising tho...Ignored
DislikedWell, I guess 1.295 is probly the top boundary of the downward channel. We ll see.
I am kind of worry about the non farm payroll is gonna bring some impact on aud. I may just cash out before friday if my position end up in profit.Ignored
DislikedHey 100,
Just wondering when you first get into a position that you're prepared to hold for a long time, what is your idea about stop loss, or you just go without?Ignored
DislikedYea, this is not a short term trade. Most of my positions are held for a few weeks / months at a time.
Also put in some fresh EUR/AUD and GBP/AUD LONG positions earlier today. E/A first target is 1.295Ignored
DislikedOften times I don't use a stop loss. However, if I do I use a set 160 or 260 pip stop loss depending on the setup and my projected time frame. This way it protects me from getting stopped out by news driven events but also protects me from catastrophic events.Ignored
Dislikedyo 100pips buddy, im finally back in my winning streak with my system and yea im pretty sure my system works! but i need to be aware of fundamentals.....and not stupidly trusting signals coming in betting on Yen strength when the BOJ is easing like they're on crack...
otherwise look at this... EURUSD and USDCHF trades based on my strategy tested on my demo...https://dl.dropbox.com/u/52561775/Fo...12013.1554.gif
https://dl.dropbox.com/u/52561775/Fo...12013.1550.gifIgnored
DislikedI'm glad you're making some Green pips. What is your system based off of? Mostly MA's right?
Hope you have a profitable 2013Ignored
DislikedOften times I don't use a stop loss. However, if I do I use a set 160 or 260 pip stop loss depending on the setup and my projected time frame. This way it protects me from getting stopped out by news driven events but also protects me from catastrophic events.Ignored
DislikedHey Mr. 100,
It was too bad that my short got stopped out last night and now i am just watching the candles pulling down ...Ignored
DislikedYea, I hate it when that happens! That is one of the reasons why I use a large SL when I do. Personally, I look to see Price Action at Support/Resistance levels on the weekly chart, then place my entry using the D1 chart.
Then as price moves in my favor, I scale in more positions using the H1 once it is over bought / over sold.
Example: If price is moving down and I have sell positions, I'll look to scale in another position or two once Williams % says "over bought" in the H1 time frame. I'll keep repeating this as the trend moves in...Ignored