We cut the winners short and let the losers run.
- #17,362
- Aug 31, 2023 2:30am Aug 31, 2023 2:30am
- Joined Jul 2023 | Status: legendary scalper | 1,013 Posts
Trading is very lonely
- #17,363
- Aug 31, 2023 2:32am Aug 31, 2023 2:32am
- | Commercial User | Joined Oct 2018 | 1,031 Posts
Its all about Timing!!!
- #17,364
- Aug 31, 2023 2:37am Aug 31, 2023 2:37am
- Joined Jul 2023 | Status: legendary scalper | 1,013 Posts
{quote} Waiting long! Atlast orange impact!!
Too much talking i guess.
Trading is very lonely
- #17,365
- Aug 31, 2023 2:41am Aug 31, 2023 2:41am
- Joined Jul 2023 | Status: legendary scalper | 1,013 Posts
Trading is very lonely
But i really meant it when i say lets wait for liquidity. Because u can see during tokyo. Price action trying so hard to break yesterday high. Then right now london. Its not even trying to break yesterdays lows. Instead bulls are pushing it back up. If this h4 closes above 45. Its a potential liquidity grab above.
"Who Dares Wins"
{quote} Following you all with eager anticipation of what comes next, on the sideline, hoping it will fall, but otherwise we start over and become better, always learning
- #17,370
- Aug 31, 2023 3:21am Aug 31, 2023 3:21am
- Joined Jul 2023 | Status: legendary scalper | 1,013 Posts
Trading is very lonely
- #17,372
- Aug 31, 2023 3:34am Aug 31, 2023 3:34am
- Joined Jul 2023 | Status: legendary scalper | 1,013 Posts
Trading is very lonely
{quote} i've found that keeping at least one profitable position after taking partials keeps you on the right path .. then keep it as long as price might go short or long
also have learned using buy and sell stops till recently, so I like having them in place in case a price doesn't rebound.Also, I used to be charged for swaps on holding Longs, but my broker (HFM) recently took that away, could be due to platinum status achieved, but also cannot gain positive swap on shorts either. But that's better anyways, then one can hold longs if necessary.
"Who Dares Wins"
- #17,376
- Aug 31, 2023 3:49am Aug 31, 2023 3:49am
- Joined Jul 2023 | Status: legendary scalper | 1,013 Posts
{quote} Thank you for your kind words and insight! I do prefer hedging, although then I must avoid the trap of opening up too many positions, but your idea I have been thinking about, opening up more positions in the same direction ONLY when the older position is deep in profit and TP gets moved to BE at least in case it turns around.
Ive tried HFM before. The spread are beautiful zero spread but the commision for gold is $14 per lot. I stop with them because the website loads very slow everytime
Trading is very lonely
{quote} Thank you for your kind words and insight! I do prefer hedging, although then I must avoid the trap of opening up too many positions, but your idea I have been thinking about, opening up more positions in the same direction ONLY when the older position is deep in profit and TP gets moved to BE at least in case it turns around.