just want to say thank you so much for sharing
No spoon…
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DislikedIn many situations you are able to predict an exit or turnaround before the price stops you out, if you draw H4 and D1 R/S lines prior to beginning the trading session.
Profit taking can be different for everyone it can be 30 Pips, or 50 or 100, whatever you feel more comfortable with before moving your S/L to B/E or cutting it by half to minimize any losses that my occur.
Scenarios will occur when you will have 2 or 3 consecutive losses at B/E or closed out on spread, just keep on entering the signals and when one of them picks up you will compensate for all the small losses. This tends to happen in periods of volatile and spiky consolidation.
So, i definitely recommend the application of S/R and even Pivot Point, to better gauge exit levels in conjunction with the Ex/Op technique.
Regards,
E. LangIgnored
http://img214.imageshack.us/img214/2...wsignalwn2.jpg
#103
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PENDING
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EUR/GBP http://www.giftlaw.com/images/down_arrow.gif
Entry: 0.7422
SL: 0.7492
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TRADE RISK: Medium
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Logical Take Profit (LTP)
LTP1: 0.7300
LTP2: 0.7239
LTP3: 0.7129
LTP3: 0.7099
http://img214.imageshack.us/img214/2...wsignalwn2.jpg
#104
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GBP/JPY http://www.giftlaw.com/images/up_arrow.gif
Entry: 216.16
SL: 213.45
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TRADE RISK: Medium
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Logical Take Profit (LTP)
LTP1: 220.83
LTP2: 221.21
LTP3: 223.55
LTP7: 224.54
LTP5: 224.54
DislikedThanks Effi. Much appreciated.
MDOWD:
I don't know what you're referring to. Prior to this I have not seen any!! Did I miss something?Ignored
Dislikedhttp://img214.imageshack.us/img214/2...wsignalwn2.jpg
#104
-------------------------
GBP/JPY http://www.giftlaw.com/images/up_arrow.gif
Entry: 216.16
SL: 213.45
-------------------------
TRADE RISK: Medium
-----------------------------
Logical Take Profit (LTP)
LTP1: 220.83
LTP2: 221.21
LTP3: 223.55
LTP7: 224.54
LTP5: 224.54
Ignored
http://img214.imageshack.us/img214/2...wsignalwn2.jpg
#105
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NZD/USD http://www.giftlaw.com/images/up_arrow.gif
Entry: 0.7711
SL: 0.7608
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TRADE RISK: LOW
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Logical Take Profit (LTP)
LTP1: 0.7788
LTP2: 0.7860
LTP3: 0.7940
LTP7: 0.8052
LTP5: 0.8109