I don't like to let it go alot, because many times I can make more pips in and out with little risk rather than setting a 40 or 50 pip SL....
"Keep your eyes on the helpers" - Mr. Rogers
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DislikedYes, but sometimes I get to let my trades go, but for the most part, yes I only scalp....
I don't like to let it go alot, because many times I can make more pips in and out with little risk rather than setting a 40 or 50 pip SL....Ignored
DislikedHow many pips do you generally go for when you scalp?
how many on your stop loss?Ignored
DislikedI'll leave my office now to back to home.
mmm it takes 2 hours.
I don't know what will happen through these hours.
God Bless me.
Good Luck everyone.Ignored
DislikedMajor trend is down..so i am short..Good.
But if it retraces back to 1.59 to honour fib retracement (from 1.64-1.54), then i will face a 400 pips drawdown.
Market has an ability to punish long term traders who go with major trend.Ignored
Disliked10 - 20 pips of profit
my SL is complicated and not used in the traditional sense of a place to close the trade, but I don't have large trades open in the negative....
Best thing is to find what best suits you..remember when price was at 1.6450, I predicted 1.5550 as a low, but I just don't like to trade long term like that..plus when I do I always accidnetally close out my trades while I am adjusting my scalps....LOL, so I just gave it up.Ignored
Dislikedwe are still in that wedge.
if it broken down it will run to 1.49Ignored
Dislikedgreeny 2hours bro all the luck
we need wormy to break the range he is the who hold cable from breaking the darn wedgeIgnored
Dislikedmarket don't do that to long term traders, more like that trader did it to himself.
If anyone has the knowhow of utilising fib retracements/projections, why on earth sit on a 400 pip drawdown? Might as well ride that 400 pip retrace and then ride it back down, if it gets back down.
.Ignored
Dislikedmarket don't do that to long term traders, more like that trader did it to himself.
If anyone has the knowhow of utilising fib retracements/projections, why on earth sit on a 400 pip drawdown? Might as well ride that 400 pip retrace and then ride it back down, if it gets back down.
I've managed to allow myself to take that road once last year when I sold cable from 6420 which fell all the way to 5780. Didn't bank my profit there, locked mine at 5950 & as price climbed back towards 5950 I began adding till 6270. I didn't long there, instead I...Ignored
DislikedI was in that game with you
but i banked my profits @1.5750 and sold again @1.5707
and hold my position till 1.7040.
do you know what I did after that?
I hedged my short position with a long one @1.7040
newbie.Ignored
Dislikedlol hi5!
i think being a new trader you could be forgiven for the ignorance, but I've had 4 years of experience behind me, so what's my excuse for that kinda stupidity?
Moral of the story for me is, don't sit and watch a couple of hundred pips fly away just to see if I can get those levels my charts to work right. It's stupid. 300-400 pips isn't exactly a bag of peanuts.Ignored
Dislikedlol hi5!
i think being a new trader you could be forgiven for the ignorance, but I've had 4 years of experience behind me, so what's my excuse for that kinda stupidity?
Moral of the story for me is, don't sit and watch a couple of hundred pips fly away just to see if I can get those levels my charts to work right. It's stupid. 300-400 pips isn't exactly a bag of peanuts.Ignored