Top up time. Adding in at 0.6603

Time to scale out a little profit at 1st level resistance: 30% out for +70 pips and holding remainder to target. ...Moves lower and ill top back up.

Nice set of trades Expo. I’m going long here at 0.6733 target is 0.7143 and I build and stack too

Nope I'm afraid you are wrong; Stop Loss means exactly that - Stop a loss If a position is in profit a Stop is placed that stops you out of your position which is in profit - then it is a stop profit. I have clearly given my Stop Profit level in my ...

Stop loss..??? I'm not likely to let positions that are currently several hundred pips in profit ever run into a loss Ata...I'd be insane. My Stop Profit for the remainder of my position resides at 1.2185 and my target for full closure resides at ...

Adding a little colour to my previous post..there is a time to lever in and lever out ...and then there is a time to hold all positions and let the market run for you.

Hi dab, Sorry for the delay in responding. No the first basket sequence was closed out back in January for a small profit - then a new sequence was initiated from above 1.25 and 1.24 - several entries were taken and some scaled out, then layered ...

Interesting comments on Daytrading.. Many years ago someone once pointed out the bloody obvious to me... 1. Did you get into trading to be tied to a screen staring at bloody 5 min charts all day trying to scalp off a few pips only to give them back ...

It was..I posted my charts, analysis, trade entries and targets for this drop frequently about 400 pips or so higher than we are now. ..Mind it'll go back to 1.2055 area if you fancy going long

My advice? ..Remove the indicators...Oversold / Overbought...Overused and unreliable.

I'd say that depends on the timeframe where your perspective resides..Chart attached. If that isn't a downtrend - I don't know what is.

So I hope that this post helped one or two traders in thinking through an alternative approach to the ‘daily grind’ .. there is nothing wrong with taking your position play, doing nothing and watch the profits roll in (price is currently about 170 ...

...I’ll have a drink with anyone whose company I enjoy regardless of sexual orientation. That would be exclude you mind because you are an idiot.

Your sense of humour is wicked (I like) We need to meet up one day man

You just jealous because you aren’t as good as me

Funnily enough I was having this conversation with a friend the other day. I’d say FX trading is a lifestyle choice rather than a job. You kinda put in weird irregular hours (or at least I do)...dunno what you guys think?

I’m a numbers man Tudor, trading probabilities and accepting risk is my domain of expertise. Its how I’m manage to survive and thrive in this business without living the life of a screen monkey

Lol, I’d say it’s highly relevant and a necessary dose of reality.

Unless you are sufficiently capitalised or building a track record with aspirations of funding (not so easy to get)... Please think twice about giving up that day job folks!

So if my rough calculations are correct MacDonalds crew members are earning more than most FX traders..and they get a meal each shift and paid holidays