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- artem1985il replied Oct 16, 2006
Do you have any thing open now then with GBP/USD? I went long a on Fri when it was at 1.8585 with a limit at 1.8645 and no stop loss. It was in the neg for a while, but luckily it touched 1.8645 early this morning and I exited with a small profit. I ...
- artem1985il replied Oct 16, 2006
Is GBP going to break out from under USD? — I know there have been a few threads on GBP/USD in the last few days, but this is my primary pair and I am confused Looks like there is a resistance level at 1.8642 and support at 1.8520 - when it ...
- artem1985il replied Oct 16, 2006
Resistance and support validity depends on your trading style. If you are a day trader, they would lose relevance quicker; if you keep positions open for longer periods of time, then highs/lows from three months back may still be valid
- artem1985il replied Oct 16, 2006
I have a few lots long on GBP/USD at 1.8628 (bought them when Fri after making 40 pips on a long from 1.8570). I think it will go back up to at least 1.8750 by Thu, which is where I set my limit. I won't use stops on this trade because GBP/USD is ...
- artem1985il replied Oct 16, 2006
In my experience, it is better to use high leverage (at least 1:100) when you are starting out with a mini account. You don't have much to lose, but higher leverage will accelerate your profits. Once you make some decent money, tone it down a little ...
- artem1985il replied Oct 16, 2006
Whatever the impact, I plan to make some major pips that week!
- artem1985il replied Oct 15, 2006
I am long with GBP/USD with a limit at 1.8680; it rebounded back to 1.8628 on late last week, so I think it will break out from the USD pressure... if not within 2-3 days, then later. Either case, it will go back up sooner or later
- artem1985il replied Oct 13, 2006
I just downloaded the MT4 to backtest my system, but I think I'll use it for trading as well
- artem1985il replied Oct 13, 2006
I've been using ForexTrader.wireless too - but I use them as my trading platform too so I can make my trades there too. I like their alert feature too
- artem1985il replied Oct 13, 2006
You should consider running a trader's blog and link to it from your forum sig...maybe make some adsense cash
- artem1985il replied Oct 13, 2006
I wouldn't be surprised if it crept back up to 1.2730 by Tue.
- artem1985il replied Oct 13, 2006
I have developed my own trading strategy, which enabled me to go from $450 to over $7000 in 6 months...I am putting it together in an eBook for release in mid Nov
- artem1985il replied Oct 12, 2006
I have been trading with Forex.com for about 5 months now. I like the simple interface and easy-to-read charts. If you are using a lot of technical studies though, there are better brokers out there in terms of software
- artem1985il replied Oct 12, 2006
Not sure what you mean by "tick by tick" trading
- artem1985il replied Oct 12, 2006
this might work in some scenarios but you need more indicators for long-term
- artem1985il replied Oct 12, 2006
I can't offer help on all of your questions, but #4 is easy. Use limits to exit your profitable positions and try stops to prevent significant losses; but be careful not to place the stops too close or they will be triggered by daily fluctuations - ...
- artem1985il replied Oct 12, 2006
I have tried to use trailing stops in the past, but I ended up missing out on major profits when the pair rebounded. I always use limits though, just to automate exit points due to not having the time to watch the market all day
- artem1985il replied Oct 12, 2006
I have been using Forex.com for a while now, but they don't offer enough features. I will prolly try ACM
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