ECB President Draghi is going to speak... so no trading for now
ECN && STP && Scalping && Hedging - Broker Review - Oct 2009 24 replies
Why Trading Forex is So Difficult - Long Term vs. Short Term 84 replies
Short Term / Medium Term / Long Term? 3 replies
Disliked
So now, with price flirting within a couple points of your TP...do you set your stops at b/e, close for +8 or +10 or whatever it may be or hold out for those extra couple of points?Ignored
DislikedI agree completely. That being said, this is discretionary trading, the aforementioned level has provided a reaction and one that came very close to an arbitrarily determined target (TP of 13 pips has nothing to do with current market conditions/support and resistance/etc).
That's the trick to discretionary trading...are you closing the trade "early" due to fear or greed? Or because it's obvious the trade has played out & provided the reaction you anticipated, getting within a point or two of a TP number that has nothing to do with current...Ignored
Dislikedtrade # 19
...became a loss. I was struggling with myself, if I should put SL to BE or not.Ignored