Trade what you see, not what you think.
- #422
- Oct 26, 2007 1:23am Oct 26, 2007 1:23am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #424
- Oct 26, 2007 7:03am Oct 26, 2007 7:03am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #425
- Oct 26, 2007 7:11am Oct 26, 2007 7:11am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Hi Karmo
How do you decide when to close your positions?
What do you look for?
I look at auslanco's indicators, my fibonacci levels, hakuna's moving averages, candlestick patterns and price action
, discipline, patience, and lots of practice is needed as well.
Trade what you see, not what you think.
- #426
- Oct 26, 2007 7:15am Oct 26, 2007 7:15am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #427
- Oct 26, 2007 11:05am Oct 26, 2007 11:05am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #428
- Oct 26, 2007 11:34am Oct 26, 2007 11:34am
- Joined Jun 2006 | Status: Trader | 2,512 Posts
closed for +88 pips
October: +1344
Total: +1984
Have a great weekend
Steve
- #430
- Oct 27, 2007 12:33am Oct 27, 2007 12:33am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Turning into another great month bro
Have a great weekend
Steve
Enjoy your weekend
Trade what you see, not what you think.
- #431
- Oct 27, 2007 12:38am Oct 27, 2007 12:38am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
great profit of the month, Can you give us ur TP and SL for ur open position. thx
Thanks, as for the SL I've mentioned many times that I use a 100 pips SL for this beast GJ risking 2% per trade and move it to break-even as soon as the trade goes my way for about 50 pips. As for TP's, It really depends on the market condition, when the pair is trending I'll keep the trade open for about 200 pips or so, but if it's ranging (this week), I collect the pips as soon as I see a reversal happening, but I always move my SL to BE or lock in a bit of profit. Minimize your risk, and let your profits run
Trade what you see, not what you think.
- #432
- Oct 27, 2007 1:10am Oct 27, 2007 1:10am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #435
- Oct 28, 2007 5:34am Oct 28, 2007 5:34am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
karmo:
Just wondering if you are trading full or mini contract sizes.
Thanks
I'm trading mini lots, didn't get rich enough to trade full contract sizes yet
i trade with mini account.....
hehehe
sory karmostaji bcoz hijack this question...
kehkehkeh
Trade what you see, not what you think.
- #436
- Oct 28, 2007 10:15am Oct 28, 2007 10:15am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
I hope everyone had a good weekend, and ready to grab more pips from the beast
Daily chart:
Here's a simple looking daily chart with 2 trendlines and a fibo retracement, you can see we have been bouncing off those fibo levels and trendlines, price is close to the 50% level, which way are we going next? hmm It can go either way and a breakout should happen soon (this week maybe), so keep your eyes on the chart and don't miss out on the fun
http://img137.imageshack.us/img137/2935/gjeb3.gif
4H chart:
Ok, let's look at the recent fall we had from 240 area to the 230 area, the price has retraced 50% and then back down to 23.6%, now we're back up close to 50%, what's next? The chart says it all, a breakout should be coming up soon this week.
http://img99.imageshack.us/img99/4307/gjce0.gif
Daily chart:
Here's a simple looking daily chart with 2 trendlines and a fibo retracement, you can see we have been bouncing off those fibo levels and trendlines, price is close to the 50% level, which way are we going next? hmm It can go either way and a breakout should happen soon (this week maybe), so keep your eyes on the chart and don't miss out on the fun
http://img137.imageshack.us/img137/2935/gjeb3.gif
4H chart:
Ok, let's look at the recent fall we had from 240 area to the 230 area, the price has retraced 50% and then back down to 23.6%, now we're back up close to 50%, what's next? The chart says it all, a breakout should be coming up soon this week.
http://img99.imageshack.us/img99/4307/gjce0.gif
Trade what you see, not what you think.
- #437
- Oct 28, 2007 11:50am Oct 28, 2007 11:50am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #439
- Oct 28, 2007 11:53am Oct 28, 2007 11:53am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Nice idea to use this forum as motivation, good luck
, Thank you and good luck Trade what you see, not what you think.
- #440
- Oct 28, 2007 5:06pm Oct 28, 2007 5:06pm
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.