Thanks for the explanation. Appreciate.
I'm going to read the whole thread again just to get the info into my head.
Regards
I'm going to read the whole thread again just to get the info into my head.
Regards
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DislikedThanks for the explanation. Appreciate. I'm going to read the whole thread again just to get the info into my head. RegardsIgnored
DislikedThanks Graviton So basically you close the oldest trade 1st using a spike in direction of your trade as a good place to close and then wait to re enter again should you entry conditions be met. At one stage I had 8 trades on the AUDJPY and over 2000 pips in profit but without closing them its all just possible profit at that stage.Ignored
DislikedGoodday Graviton and all traders, Hope you are well. I have a question Sir regarding handling a position and exits.... Incase you have entrered a position, on what conditions will u realise its a bad entry and exit it asap and wait for another signal.Do you use a specific number of pips against entry position just after entering it?or u use the rsi above 50 level and how big retracement do you take?( i know this is a MM thing but just relate it to you sir) ...!Ignored
DislikedAlso taken out of two lots GBPCHF and two EURUSD both at BE should have added a pip for swaps still long 2 AUDNZL but they may go at any minute long USDCAD looking OK and short Ecad and EG both negative that 5% rule might be worth investigating, hurting this week and its only tuesday will EU try that resistance again or is it headed for heaven ? PA will tell us in the next few days I guess DTIgnored
Disliked...Thanks for your explanation about spacing lots but pliz help clarify this...i understand sometimes u add a lot on aftre 30 pips, sometimes 50...what do u consider here..is it the ATR? Incase your spacing is right at say X pips, do u add alot even though there is no retacement? or u wait for a retramecent Assume you have added a new lot, and price goes against you right away...when do you take off the old lot(what retracement level) and if you leave on the new lot...how big should the retracement be for you to exit it as well?(lets assume ur dealing...Ignored
DislikedI closed 2 winning trades after that long EU short candle yesterday also. Felt nice to actually put some real money into my account instead of all the profits being potential because the trades were still open. Basically I decided at the end of each daily candle when I check my stops and look for new opportunities I would also look for large candles closing away from my MAs for places to close with profits. I even drilled down into the 4H and 2H charts to spot conditions where I would normally close manually as the point to get the best price so...Ignored
DislikedAnd yes I did enter AUDUSD short too late! I was convinced the RBA would not allow the price to drop much after that 1st rally but I was wrong. Eventually I thought "stuff it" I need to stop being swayed by fundamentals and just follow my tech system and got in on the 3rd minor rally.Ignored
Disliked{quote} I must be reading the Fundies wrong ! I thought the RBA would love the Aussie to be 80 odd with the USD price of iron so low and harvest about to get under way.Ignored