If you make money, does Oanda make money? 35 replies
EveryDay just need 10PIPS for make a living . 7 replies
Bulls make money, Bears make money. And Pigs get slaughtered. 12 replies
Everyday I make around 80 pips 33 replies
Short Term / Medium Term / Long Term? 3 replies
DislikedHi Mongolian,
I don't get it!
I've been following this thread since started but still can't figure out where the rules to short or long at a certain level.
Firstly, I like using the method of cutting the loss and taking profit at a specific level. This doesn't leave me hoping that the trade will turn better or thinking I've left money on the table.
Forgive me as I am an engineer. Engineers like specific rules. If this happens, then do that. So are there specific rules that I should follow? I've read your first post but somehow the method...Ignored
I like to trade with just Price Action and the support/resistance lines drawn at each level mentioned above. You make like to trade with that plus pivots and MA's and oscillators and whatever. That's up to you. Whatever helps you make money every day. Ah - forgot one thing on the list - I am a short term trader, I do not hold positions overnight.
Explanations and rules as to exactly how and where - I do not have. I know what I like to see and that's what I trade. It's not for everyone. But if you want to talk Price Action - you are welcome to join us.
I don't know if that answers your question or not. Probably not. Answer me back or PM me and I'll see if I can muster up a better answer.
Mongolian
DislikedThanks for the question. Well - the main rule is protect your inventory. This thread really wasn't a list of do a, then b, but only if c happens. It really has developed more into how do we read Price Action and then given that - how do we formulate our behaviors.
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MongolianIgnored
DislikedHi Mongolian,
Appreciate your explaining that there's no set rules behind how you do it. I will continue to digest your comments and see how it goes.
I don't hold overnight either.
I like the way you do it cause it is simple, straight forward and clean.
Now, I will have to figure out the "if A happens, then do B" portion.
Thanks.Ignored
Disliked'That damn Mongolian - his system sucks. I need to find a better way to trade so that doesn't happen again.'Ignored
Disliked
Thanks for the chart, awesome, I will read it all again tomorrow when I'm more awake.
Two questions.. long at 8.. Stopped first time, then re-entered with buy stop at 3375?
And short at 12.. Stopped, then waited for price to hit 6 pip below 3350 and come back before placing order at 3350?
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