{image} Long GU +5 locked
I have studied many of your posts, are you always aiming for 5 pips and then close the total position?
Trading is as simple as 1-2-3
- #5,963
- Mar 7, 2018 4:19am Mar 7, 2018 4:19am
- Joined Apr 2011 | Status: Trader | 3,454 Posts
Long again on GU +5 locked. My first attempt red arrow got the 5 and quickly went south. I was happy I had my stop move to BE. Often when I do that it takes it out then zooms up 50 pips, which is what makes trading so exciting. In this case I saved a 10 pip loss and got another shot at it for another 5 and once again stop moved to BE anticipating that +50 run up, or at least close....
- #5,964
- Edited 8:46am Mar 7, 2018 4:22am | Edited 8:46am
- Joined Apr 2011 | Status: Trader | 3,454 Posts
Also climbed aboard the GJ wagon, profit. You can see what it did yesterday off that arrow. Wouldn't mind a repeat
Now +23.........Now +73
- #5,965
- Mar 7, 2018 4:30am Mar 7, 2018 4:30am
- Joined Apr 2011 | Status: Trader | 3,454 Posts
{quote} Always bear in mind when looking at posted charts that price could move to make a new extreme after the entry was already made. Not to speak for Hal but the trade-management issue has been dealt with many, many, times here in the past.
To address the question, correct, making a new low technically under the rules does disqualify until the next hour. I have been known to bend but not break the rules (entirely at least). Often, or sometimes, but not always I will take the trade on what I call the same bar. The price will make the new low or high and shoot back through the open and I enter. A lot of times it gets my 5, sometimes not. It is not a 1-2-3 set up more along the lines of HOLO probably, but that's on the other board.
- #5,966
- Mar 7, 2018 4:53am Mar 7, 2018 4:53am
- Joined Apr 2011 | Status: Trader | 3,454 Posts
Also to clarify a bit on how I place the red arrows on the chart. On that GJ the red arrow indicates that is the bar I am keying off of (did the previous hour make a new low, yes, the red arrow) My actual trade is entered on this hour which is the correct entry for the method. Looking at yesterday that red arrow, I believe I entered the trade and set my stop to BE after taking some profit at +5. Then it shot to the moon later but I was not on it. As I have said before sometimes I don't move my stop to BE and take the loss, but at other times I am on board for the moon launch. What makes me move or not move the stop to BE, nothing in particular just like to be flexible at times. I have saved pips moving it and lost out on big moves also. I am always in favor of saving pips because lost pips are harder to recover. And I do catch the big moves from time to time. 
What makes me move or not move the stop to BE, nothing in particular just like to be flexible at times. I have saved pips moving it and lost out on big moves also. I am always in favor of saving pips because lost pips are harder to recover. And I do catch the big moves from time to time. - #5,967
- Edited 6:11am Mar 7, 2018 5:21am | Edited 6:11am
- Joined Apr 2011 | Status: Trader | 3,454 Posts
Short EU +5 locked
EU cookin' now +24
- #5,970
- Mar 7, 2018 8:52am Mar 7, 2018 8:52am
- Joined Apr 2011 | Status: Trader | 3,454 Posts
Today was able to hang on for the ride up on this GJ got to +73 and now have a 20 trailer on
- #5,972
- Mar 7, 2018 9:54am Mar 7, 2018 9:54am
- Joined Apr 2011 | Status: Trader | 3,454 Posts
Perfect set up on the AU short +10
- #5,973
- Mar 8, 2018 2:50am Mar 8, 2018 2:50am
- Joined Apr 2011 | Status: Trader | 3,454 Posts
Long JY +5 locked
+13, 10 trailer on - #5,974
- Mar 8, 2018 3:43am Mar 8, 2018 3:43am
- Joined Apr 2011 | Status: Trader | 3,454 Posts
Short EG from last hour, had my stop at 8935 so missed getting stopped +5 locked
- #5,975
- Mar 8, 2018 4:11am Mar 8, 2018 4:11am
- Joined Apr 2011 | Status: Trader | 3,454 Posts
Second shot at the GU long, same bar, +5 locked
- #5,977
- Mar 8, 2018 9:36am Mar 8, 2018 9:36am
- Joined Mar 2012 | Status: Trader | 14,314 Posts
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
