Following the big money | Page 121 | Forex Factory

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Following the big money

  • #2,401
  • Mar 6, 2020 11:17am Mar 6, 2020 11:17am
It's all 'bout positioning and order flow. https://www.efxdata.com/insights/585...a7c79ffa0.html
  • #2,402
  • Mar 6, 2020 11:21am Mar 6, 2020 11:21am
Today was a good day for quick scalps. Stop 5 pips, Profit 6 pips
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  • #2,403
  • Mar 11, 2020 7:21am Mar 11, 2020 7:21am
High volatility and panic, very hard market , two losses today :
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  • #2,404
  • Mar 12, 2020 7:33am Mar 12, 2020 7:33am
Ever cought yourself counter trading? How do you deal with it?
  • #2,405
  • Mar 14, 2020 11:06am Mar 14, 2020 11:06am
Quoting FB5OO
Ever cought yourself counter trading? How do you deal with it?
Hi FB5OO,
What do you mean by counter trading? My stops are usually 5-12 pips. After 2 losing trades I just stop trading until the picture gets clearer.
  • #2,406
  • Mar 14, 2020 12:57pm Mar 14, 2020 12:57pm
Trading in times of market panic
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  • #2,407
  • Mar 14, 2020 3:30pm Mar 14, 2020 3:30pm
Quoting srmfx
The result of a trade depends on the position management rather than the set up we use for entry. This fact is difficult to be understood for most of the traders and that is why they lose money. In this example you can see how I use my STE set up for scalping. Today the market was going nowhere and tha is why I prefered to take small profits with very little risk. This position was with 4 pips initial stop and was closed for 5 pips profit after 3 minutes. {image}
Success depends on how small your lot size is there.
Algorithms do that better than humans.
Count Of Antwerp
  • #2,408
  • Mar 14, 2020 3:30pm Mar 14, 2020 3:30pm
Quoting FB5OO
Ever cought yourself counter trading? How do you deal with it?
Rollover the trade like a hedge and until it takes profits like arbitrage.
Count Of Antwerp
  • #2,409
  • Mar 15, 2020 1:54am Mar 15, 2020 1:54am
Quoting countaccrue
{quote} Rollover the trade like a hedge and until it takes profits like arbitrage.
"Hedging" of losing positions is absolutely wrong strategy. Use stops and limits. Plain and simple.
  • #2,410
  • Mar 15, 2020 5:39am Mar 15, 2020 5:39am
Quoting srmfx
{quote} "Hedging" of losing positions is absolutely wrong strategy. Use stops and limits. Plain and simple.
I don't use stops, there's no need for stops playing the low-risk end of the forex when I trade on a daily basis.
The position wasn't losing more than the spread when the hedge was made.
Count Of Antwerp
  • #2,411
  • Mar 16, 2020 4:42am Mar 16, 2020 4:42am
STE 50 EMA, 1/2 cloes +3 due to time target and 1/2 + 53, initial stop 12 pips
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  • #2,412
  • Mar 17, 2020 3:14am Mar 17, 2020 3:14am
GBPUSD short trade
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  • #2,413
  • Mar 17, 2020 3:48am Mar 17, 2020 3:48am
Quoting countaccrue
{quote} I don't use stops, there's no need for stops playing the low-risk end of the forex when I trade on a daily basis. The position wasn't losing more than the spread when the hedge was made.
You'd better learn to use stops. However, the choice is yours eventually.
  • #2,414
  • Mar 17, 2020 5:02am Mar 17, 2020 5:02am
Quoting srmfx
{quote} You'd better learn to use stops. However, the choice is yours eventually.
especially now,with the crazy volatility in the market, however to each his own.
  • #2,415
  • Mar 18, 2020 6:24am Mar 18, 2020 6:24am
Initial stop 6.5 pips. One of the best set ups. STE @ 200 EMA + double top.
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  • #2,416
  • Mar 18, 2020 6:35am Mar 18, 2020 6:35am
Last part of the position closed @ + 111 pips
  • #2,417
  • Mar 18, 2020 8:43am Mar 18, 2020 8:43am
Quoting srmfx
{quote} You'd better learn to use stops. However, the choice is yours eventually.
I have never been on the wrong end of a trade long-term in macro-market instruments.
Count Of Antwerp
  • #2,418
  • Mar 19, 2020 1:53am Mar 19, 2020 1:53am
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  • #2,419
  • Mar 19, 2020 2:16am Mar 19, 2020 2:16am
Initial stop 20 pips
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  • #2,420
  • Mar 19, 2020 3:57am Mar 19, 2020 3:57am
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