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Trading is as simple as 1-2-3

  • #9,761
  • Apr 13, 2020 2:25am Apr 13, 2020 2:25am
Short GBPUSD -10
Attached Image (click to enlarge)
Click to Enlarge Name: GU 130420.png Size: 38 KB
  • #9,762
  • Apr 13, 2020 2:32am Apr 13, 2020 2:32am
EU sell +0 . I moved the stop before 5 pips, and they took me +0
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  • #9,763
  • Apr 13, 2020 2:38am Apr 13, 2020 2:38am
Quoting Wizzlebizzle
Short GBPUSD -10 {image}
Be careful with a bar that breaks the previous day high / low At least that's what I do ...
  • #9,764
  • Apr 13, 2020 2:42am Apr 13, 2020 2:42am
Hi Tantra,

Quote
Be careful with a bar that breaks the previous day high / low At least that's what I do ..

Thanks for pointing that out. Lemercenaire has mentioned it aswell. I am pondering weither I should leave those trades or not, as the original rules don't state anything about it.
How did you get yourself in on that EU trade? I was glancing at it on my second screen and it just shot down. I would not have been quick enough to enter that.
  • #9,765
  • Edited 5:14am Apr 13, 2020 2:58am | Edited 5:14am
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Long CF +5 locked +41
  • #9,766
  • Apr 13, 2020 3:02am Apr 13, 2020 3:02am
Quoting Wizzlebizzle
Hi Tantra, {quote} Thanks for pointing that out. Lemercenaire has mentioned it aswell. I am pondering weither I should leave those trades or not, as the original rules don't state anything about it. How did you get yourself in on that EU trade? I was glancing at it on my second screen and it just shot down. I would not have been quick enough to enter that.
It takes less than 5 seconds to place a pending order. The rest is waiting .. Sell stop I have 10:07 minutes activated,
1 minute before returning to the opening level
  • #9,767
  • Apr 13, 2020 3:07am Apr 13, 2020 3:07am
GU sell +3
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  • #9,768
  • Apr 13, 2020 3:08am Apr 13, 2020 3:08am
Quoting tantra
{quote} It takes less than 5 seconds to place a pending order. The rest is waiting .. Sell stop I have 10:07 minutes activated, 1 minute before returning to the opening level
Hm interesting, the move away from the open away from the open and back through it happened in about a second on my screen (using FXCM atm) and never went far enough beyond the open to be able to place a sell stop.


Another setup on GU on the next bar, but I didn't take it as the stop was too large for my liking (about 30 pips)


@hal7 How do you decide which pair to trade? (I am only trading GU atm, just for future reference)

Cheers, Wizzle
Attached Image (click to enlarge)
Click to Enlarge Name: GU 1304202.png Size: 39 KB
  • #9,769
  • Apr 13, 2020 3:27am Apr 13, 2020 3:27am
Why are you all trading on Easter Monday?!?!
  • #9,770
  • Apr 13, 2020 3:33am Apr 13, 2020 3:33am
Quoting lemercenaire
Why are you all trading on Easter Monday?!?!
Good question. I realised it one trade to late
  • #9,771
  • Apr 13, 2020 4:09am Apr 13, 2020 4:09am
Quoting lemercenaire
Why are you all trading on Easter Monday?!?!
Because.
  • #9,772
  • Apr 13, 2020 4:19am Apr 13, 2020 4:19am
Wizzlebizzle I watch 10 pairs, the basics mostly. I like to try and pick out a retrace to a past level or, ranging conditions. Sometimes right, sometimes wrong. A good idea to stick to one pair like you are doing. Notice TooSlow I believe only trades the JY.
  • #9,773
  • Apr 13, 2020 4:38am Apr 13, 2020 4:38am
USDJPY. +4. Trailing SL hit. DT
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  • #9,774
  • Apr 13, 2020 5:18am Apr 13, 2020 5:18am
GBPUSD. +7. DT
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  • #9,775
  • Apr 13, 2020 5:31am Apr 13, 2020 5:31am
Quoting lemercenaire
Why are you all trading on Easter Monday?!?!
why not? the spreads are normal
trading is like dancing, don't think and just listen to the music!
  • #9,776
  • Apr 13, 2020 6:16am Apr 13, 2020 6:16am
Quoting hal7
Wizzlebizzle I watch 10 pairs, the basics mostly. I like to try and pick out a retrace to a past level or, ranging conditions. Sometimes right, sometimes wrong. A good idea to stick to one pair like you are doing. Notice TooSlow I believe only trades the JY.

Got it, thank you. I was just curious
I am sticking to GBP USD for now.
  • #9,777
  • Apr 13, 2020 3:32pm Apr 13, 2020 3:32pm
Quoting birdland
{quote} why not? the spreads are normal
Stock markets are closed. For FX though technically open, you'll get thin liquidity and an increased likelihood of slippage.

Hey, if you find something to trade, fair play, I was just curious. No offence.

Hope you did what most sensible folks did and bought some gold.
  • #9,778
  • Apr 13, 2020 9:39pm Apr 13, 2020 9:39pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #9,779
  • Apr 14, 2020 2:08am Apr 14, 2020 2:08am
Morning all,

How do you guys handle large stop losses? I notice that I tend to shy away from anything over 20 pips.

W
  • #9,780
  • Apr 14, 2020 3:35am Apr 14, 2020 3:35am
Quoting lemercenaire
{quote} Stock markets are closed. For FX though technically open, you'll get thin liquidity and an increased likelihood of slippage. Hey, if you find something to trade, fair play, I was just curious. No offence. Hope you did what most sensible folks did and bought some gold.
also no offence, it was a good play yesterday on easter monday. normal spreads and liquidity.
only easter-friday was not good to trade for me, because too large spreads.
i trade what i see.
trading is like dancing, don't think and just listen to the music!
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