Placed AH at 1.3950. 50 pip hard stop, 100 pip TSL. got closed @ 1.3900.
Bugger.
Bugger.
Chicky's House of Pleasure and Pain 11 replies
Carry Backet w/ Jacko's AH 10 replies
Hello Guys is a pleasure to be here. I'm new to MT4 1 reply
Jacko's P&P Trend Trading Method 73 replies
Dislikedcongrats Jpneck
mmm, I'v been out for a few hours good to see you made up your loss
I'm still in and stay in for a while, why dónt you re-enter the trade on a nice dip like now??Ignored
DislikedHey Ricky,
Timing couldn't be better for your entry. Nice ride nortbound
Cheers,Ignored
DislikedPlaced AH at 1.3950. 50 pip hard stop, 100 pip TSL. got closed @ 1.3900.
Bugger.Ignored
DislikedHi Low,
Isn't a 50 pip hard stop a little small for an A-H with the current market volatility...? As you may know, Jacko is currently trading with 100 pip S/L's.Ignored
DislikedEntered a short at 1.4045...near resistance level. 1% of bank risked (rather than 2%) as entered before waiting to see how price reacts nearer the resistance to cofirm it.Ignored
Disliked1.36? isnt that a bit too low. I am currently in the market, with one long at 1.3820 and one at 1.3882. Wondering whether to close them or let them play. Looking forward to reenter at 1.3900 if the HH and LL that we have currently hold their positionIgnored
Dislikedhello. the price bounced off 1.38, so the trendline is drawn now like that: (i'm sorry i don't know how to attach a thumbnail)Ignored
DislikedI haven't read the entire thread yet. I am around page 350. I was uncertain about the hard stop/TSL parameters. I have reset my defaults to 100 pip TSL only, and cut lot size in half to accommodate the risk.
tomorrow is a new day.Ignored
DislikedLow, you might be right, this is the thing about drawing TLs, everybody draws them differently. I havent moved mine, i usually let it be pierced, as being S/R line, i assume that it is not a brick wall , but a zone, and currently on my h4 chart, price has moved above it, so hopefully trend countinues north.
It is very possible that I am wrong as being new to FOREXIgnored
DislikedFor what it's worth, Ellipsis, my trend line is drawn like yours. Although price has pierced it on the 4H, it has bounced back over 200 pips above it and it hasn't closed below that same line on the daily. I'm interpreting this market as a LONG. I wouldn't be looking for 1.36 unless I see significant piercing and more of a convincing downward move. Just my $0.02.Ignored