I trade futures and i only trade 1 contract or lot,so i'm not sure if i should let trade run from supply to demand and vice versa or just close out half way or use some sort of trailing stop ratio
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DislikedThat is a beautiful piece of demand from Friday. Hopefully have enough buyers to get me to my initial target. Longer term i dont know how the Euro is going to stay at these levels. Really shows the power of supply and demand how we are not sub 1.20 at present..
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DislikedSeem to B/E a lot on that 5min,read were Dean moves stop when he's up 5 to 7 to B/E i move mine when i get to 7 doesn't seem like a lot of room to breatheIgnored
DislikedSimond,
Had a buy order at 1.2559 with a 10pip SL. Nearly caught it to the pip. I have been watching that level since early yesterday morning and honestly my patience nearly ran out.
I find that happens me alot. I ID a great area and there is so much noise above this area that my patience ran out. made a point of it to wait this one out. If you look at the big jump up last Friday there was alot of what looks like compression up to liquidity before the major move and the base of this is normally where the smart orders are. Might take us a while...Ignored
DislikedPrice created 4 or 5 supply zones since last Friday with each one of them being revisited and IMO consumed. Therefore the potential to the upside was to reach 1.2620 which i see it just has (typical with me still looking at the screen).Ignored
DislikedSimond,
God no. I arrived at the "get rich quick scheme" advised to me by a collegeague at first. This is what initially got my attention. I then moved on to "gambling stage" as per say by picking a direction or by trading news releases. 1 day I made 300 pips off of a news realease I was sure I had made it. Can you guess how long it took for me to give it all back and the rest?? I am blessed that I hadnt much money to play with at the time and alot of my time was spent trading micro lots and using demo platforms.
I then moved onto indictors...Ignored
DislikedSimond,
God no. I arrived at the "get rich quick scheme" advised to me by a collegeague at first. This is what initially got my attention. I then moved on to "gambling stage" as per say by picking a direction or by trading news releases. 1 day I made 300 pips off of a news realease I was sure I had made it. Can you guess how long it took for me to give it all back and the rest?? I am blessed that I hadnt much money to play with at the time and alot of my time was spent trading micro lots and using demo platforms.
I then moved onto indictors...Ignored