I am needing some help!!! I am getting pretty good at getting into trades..I am having troubles with my profit target. I am usually pretty early because of this...playing safe. I am watching price action now, I use fibs and update fibs regularly to keep up with my levels...how can you all tell what the currency is aiming at? I am long GY from 209.73 with target @211.60. Any kind of response is highly and greatly appreciated!!
what is wrong with that target Krazy, maybe u are getting scared with your position or afraid of losing the profits already accumulated, answer this. At what point does this trade fail to be a winner set the stop and wait for target then reasses at that point and ask another question. Should i take it all off into profits or should i take some profits move SL up a bit and see where it ends up. Regardless unless your scalpin this pair its a ride on wild street, hi's lo's just like being married. learn to ride the pain and suffering of momentary lapses of reason and watch the profits grow, very intrest freindly if long
. And can always add more to position on a pullback. IMO patients for the carry is a must they dont want it up fast, cant make any money for free doing that so they thrash it around and accumulate positions. Maybe this helps maybe not but one thing is certain, this can scare alot of ppl out of otherwise very profitable trades IMOYou need to look at this trade like the guy buying 200 million hard dollars worth of equity,into bonds or what have u 4+ % differentials takes a bit to shake him out into losses
"Millionaires don't use astrology, billionaires do"
. I was just not sure that my target was reasonable, I know GY will turn on a dime...just wondering how you calculated usually....If you knew it would hit a certain point then fall...Thanks...
