Real Trading

long 1.3296 sl 25 tp 50

Hmmm looking for a turn around area this. However it’s trickling down not a big down. Not sure if we will see a move up anytime soon

GJ ANALYSIS

Sell Limit at correction 151.20

LONG GU 1.3294

Gu buy limit

1.32685

tp into the future

Why did you take that long trade , can you explain just for education

LONG EU 1.1328

Long hidden bullish divergence

Split Entry & Exit.

Got PM asking what ups with the split entry and Exit that practice in my daily trade execution.
Posting the answer in here, for others to understand too.

As most of you aware, I've use split entry for my trading system.

Scaling in is not bad if the right balance is found.
About scaling in, this one is tricky, if you're not entirely comfortable with it, then test it first .
The idea here is to try to catch a trend and scale in with parts as the market moves in your favor.
Easy said, much harder to envision and implement.

Example ;

If trader A enters with one single position of, let's say, 1 lot, he's already very limited and obviously has to know exactly where to set his stop in terms of his risk management.
That's the way most traders do it and most of the systems here work.
Let me say that there is nothing wrong doing it that way at least if you can handle it.
Personally I couldn't.

Trader B (yes, that's me) split this position size of one lot into several entries, let's say 0.1 lot each.
So I start with 0.1 lot and hey, usually the first entry isn't the best and you always get better prices later so I add to that position and might end finally as well with one lot but a much better entry price.

I know, if it goes into my direction immediately, Trader A will have more benefit from its single position but for me cost averaging is a very important thing.
Just don't see it as adding to a loser but as building up a position where another trader would enter with one single entry.

Another way of doing this would be the heavy usage of limit orders.
That's one thing I'd like to use more in the future as I sometimes miss some nice entries around supports and resistances being just too lazy to add a simple limit order, but that's another story.

Trade Safety

Regards

PAT

i am mostly a round number trader because i mostly find it hard to find Support or resistance that match other traders so i stick to round numbers.


a break above 1.33 of yesterday and retest so my 1st counter trade will be to trade the retest and confirmation will be to buy a break above 1.3320.

LONG GE 1.1736

GU

add position

Giving it a go at H4 RBS zone

Closed +3.3

gu buy limit analysis

SHORT GU 1.3282

stopped out. reentry.

stopped out. reentry.

Greetings FF members,
Hope all doing fine,
My last order for the week is long gu, 40 stop and 40 tp
Happy hunting

No more open trades from me internet playing silly buggers