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Trading is as simple as 1-2-3

  • #5,481
  • Dec 14, 2017 1:54pm Dec 14, 2017 1:54pm
Quoting netas369
{quote} Well, I’m just using original trade management by author, so thats my question, are you guys using the same?
Most of us on here are using some form of percentage close at a set target. Some will either move sl to BE and let the remaining open position run, some leave the sl where it was originally.

I have also added into an open position that is on a run, using S+D micro-zones on pullbacks.

All of the trade management is extremely trader-personal. You will need to experiment and see which style suits your personality.
  • #5,482
  • Dec 14, 2017 2:03pm Dec 14, 2017 2:03pm
Quoting BrokeCollege
USDCAD
That was some drop for sure...
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On H1 it looks like it could turn...
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On the Daily, it does seem less straightforward, however...
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On the bigger picture, UC has been in a range for the last 8 weeks.
  • #5,483
  • Dec 14, 2017 2:12pm Dec 14, 2017 2:12pm
Quoting lemercenaire
{quote} That was some drop for sure... {image} On H1 it looks like it could turn... {image} On the Daily, it does seem less straightforward, however... {image} On the bigger picture, UC has been in a range for the last 8 weeks.
interesting... If you took it +5 would have been made now, but I'm not sure after such a big move. What a news heavy day!
  • #5,484
  • Dec 14, 2017 2:19pm Dec 14, 2017 2:19pm
Quoting BrokeCollege
{quote} interesting... If you took it +5 would have been made now, but I'm not sure after such a big move. What a news heavy day!
Yeah, I'd be concerned about the room still available below on the Daily - possibly throwing up a Dead Cat Bounce.

Tempering that is the fact that UC is known for its love of Top-and-Tailing the day, however, so maybe there's room for a small interest (as you say).
  • #5,485
  • Dec 14, 2017 2:28pm Dec 14, 2017 2:28pm
Quoting lemercenaire
{quote} Yeah, I'd be concerned about the room still available below on the Daily - possibly throwing up a Dead Cat Bounce. Tempering that is the fact that UC is known for its love of Top-and-Tailing the day, however, so maybe there's room for a small interest (as you say).
top and tailing you say?
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  • #5,486
  • Dec 14, 2017 4:38pm Dec 14, 2017 4:38pm
well there it went
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  • #5,487
  • Dec 14, 2017 5:03pm Dec 14, 2017 5:03pm
Quoting BrokeCollege
well there it went {image}


Yep - well worth the watch, cheers!

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Bogged down now though (for now)...

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  • #5,488
  • Dec 14, 2017 5:49pm Dec 14, 2017 5:49pm
Quoting lemercenaire
{quote}[/highlight] Yep - well worth the watch, cheers! {image} Bogged down now though (for now)... {image} {image} {image}
It did a chappy style 123 as well if you look on the 5 or 15 minute.
  • #5,489
  • Dec 15, 2017 3:05am Dec 15, 2017 3:05am
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Long CF +5 locked
  • #5,490
  • Dec 15, 2017 4:03am Dec 15, 2017 4:03am
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Short AU +5 locked
  • #5,491
  • Dec 15, 2017 9:45am Dec 15, 2017 9:45am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #5,492
  • Dec 18, 2017 1:17am Dec 18, 2017 1:17am
The Monday morning K-Gap...will it play into our hands?

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  • #5,493
  • Dec 18, 2017 3:25am Dec 18, 2017 3:25am
Attached Image (click to enlarge)
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Short GJ +5 locked
  • #5,494
  • Dec 18, 2017 4:59am Dec 18, 2017 4:59am
Quoting hal7
{image} Short GJ +5 locked
you lock +5 eventually when it reaches +5 ? Or you wait some more? to reach at least +10?
  • #5,495
  • Dec 18, 2017 5:32am Dec 18, 2017 5:32am
I vary this quite a bit, I generally take off half the trade at +5. Then I may pull the stop to BE or leave it where it is. By +10 I will usually switch to a 10 trailer. I am always looking to get the longer move. If that goes, then I will switch to a 20 trailer and let it play out from there.
  • #5,496
  • Dec 18, 2017 5:42am Dec 18, 2017 5:42am
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Hung on to the EJ short for several hours and if finally panned out +8 locked
  • #5,497
  • Edited 7:36am Dec 18, 2017 7:21am | Edited 7:36am
gbp/usd high break out. Stopped out.
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  • #5,498
  • Dec 18, 2017 7:37am Dec 18, 2017 7:37am
Quoting netas369
gbp/usd high break out. Stopped out. {image}
Looking back at this trade I would have put in some more short orders in and play that bounce of the Supply Zone. I once heard a wise man say something about adding to losers . Never give up never surrender!!
  • #5,499
  • Dec 18, 2017 7:44am Dec 18, 2017 7:44am
Quoting hal7
I vary this quite a bit, I generally take off half the trade at +5. Then I may pull the stop to BE or leave it where it is. By +10 I will usually switch to a 10 trailer. I am always looking to get the longer move. If that goes, then I will switch to a 20 trailer and let it play out from there.
such a master -
  • #5,500
  • Dec 18, 2017 7:46am Dec 18, 2017 7:46am
Basically if this account wouldnt be demo, I wouldnt had taken this trade. Like we see previous day it was a huge price drawdown, now buyers trying to get back in, and get the price back to normal price. Basically it's a freight train, but I was hoping small swing, but for now buyers are to strong. That's my opinion why I lost this trade.
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