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  • #50,561
  • Dec 16, 2008 9:58am Dec 16, 2008 9:58am
Quoting Shadowfx
Small retrace completed IMO...just added long @ 1.375..this time with tight SL

Just my 2 cents...
ditto
Pip what you see; See what you pip!
  • #50,562
  • Dec 16, 2008 10:01am Dec 16, 2008 10:01am
Quoting Shadowfx
Small retrace completed IMO...just added long @ 1.3735..this time with tight SL

Just my 2 cents...
How tight is tight?
  • #50,563
  • Dec 16, 2008 10:02am Dec 16, 2008 10:02am
Quoting SeerEye
ditto
1.3735 was the entry..edited my post...just to avoid confusion...
  • #50,564
  • Dec 16, 2008 10:03am Dec 16, 2008 10:03am
Quoting andys0506
How tight is tight?
Its already safe guarded now...SL now at entry level
  • #50,565
  • Dec 16, 2008 10:04am Dec 16, 2008 10:04am
Quoting Shadowfx
1.3735 was the entry..edited my post...just to avoid confusion...
39 for me; tp s/l at 49 w/25 pip trailing - right now; may change though

stopped out in profit -
Pip what you see; See what you pip!
  • #50,566
  • Dec 16, 2008 10:08am Dec 16, 2008 10:08am
Quoting Shadowfx
Its already safe guarded now...SL now at entry level
Shadow, as a general rule, when do you move SL to entry level? Also, how many trades do you think you average per day?

Thanks.
Up or down, gimme a ticket
  • #50,567
  • Dec 16, 2008 10:10am Dec 16, 2008 10:10am
drop in oil in last 1/2 hour. $2.25 or so. OPEC must be squabbling on production cuts - hee, hee.
Pip what you see; See what you pip!
  • #50,568
  • Dec 16, 2008 10:13am Dec 16, 2008 10:13am
Quoting SpecialEd
Shadow, as a general rule, when do you move SL to entry level? Also, how many trades do you think you average per day?

Thanks.
Trades all depends on market situations...

SL to entry as soon as possible..reason..if it was a wrong entry I either have a "no trade"...and look for a new opportunity or I close it manual when I think it wont reach my projected target...

The last is the tricky one...you can close take profit and see it does go further...no crying over spilled milk...still profit and up to the next entry level..

At least that's how it works for me...
  • #50,569
  • Dec 16, 2008 10:20am Dec 16, 2008 10:20am
Quoting SeerEye
drop in oil in last 1/2 hour. $2.25 or so. OPEC must be squabbling on production cuts - hee, hee.
I noticed that as well.. Arabia said 2 mil barrel cut.. were now below Fib level at 44.11 on oil.. might be a good buy op since we did tap $50 the other day.

Volume is dropping off of EU now.. so might not be going anywhere fast.. but watching and waiting.. Right now BOTH USD and EUR are showing signs of weakness and being sold.. Accoring to my esignal data that uses the combined data from most forex brokers.. USD is slightly weaker as i type this.. so maybe EURO can strengthen a bit and we can continue up
  • #50,570
  • Dec 16, 2008 10:24am Dec 16, 2008 10:24am
Kaboem.........
  • #50,571
  • Dec 16, 2008 10:27am Dec 16, 2008 10:27am
Quoting Shadowfx
Kaboem.........
hubba; hubba -
Pip what you see; See what you pip!
  • #50,572
  • Dec 16, 2008 10:33am Dec 16, 2008 10:33am
Quoting Algirdas
3 days and 3 nights we Hold EUR/USD Long. Thank you, you are brave man guys.
Remember - it is easier to ride the trend then to bet against it.
We try to make some Entries against trend, but it's dangerous and not important.
We always making money from Main Trend.
Same like 3 days before. Hold EUR/USD Long and USD/CHF Short. Market does exact what we're talking to him.


I don't know how to tell much more clear. I think, I must to repeat every 5 min.
{Promotion Removed}
  • #50,573
  • Dec 16, 2008 10:34am Dec 16, 2008 10:34am
Removed TP @ 1.38150....gonna play this manual...might just shoot right trough it..or come down a bit first....lets see...
  • #50,574
  • Dec 16, 2008 10:35am Dec 16, 2008 10:35am
Quoting Shadowfx
Trades all depends on market situations...

SL to entry as soon as possible..reason..if it was a wrong entry I either have a "no trade"...and look for a new opportunity or I close it manual when I think it wont reach my projected target...

The last is the tricky one...you can close take profit and see it does go further...no crying over spilled milk...still profit and up to the next entry level..

At least that's how it works for me...
Thanks Shadow. I asked the question because in a profitable trade, I usually use the trailing stop option in MT4, set to TSL=15. That gets me a stop loss in place as soon as price goes +16. My only problem with that is that a "trailer" continues to advance the SL as price advances, always leaving a maximum of 15 PIPs SL. I think I like going to break-even at the 16 PIP mark, but the 15 TSL often does not leave enough room for the temporary retraces, so my trade does not stay open long enough to garner maximum PIPs. I think maybe I should just make it a habit of setting SL to entry when I'm +16 and then manually move it ahead after that.
Up or down, gimme a ticket
  • #50,575
  • Dec 16, 2008 10:36am Dec 16, 2008 10:36am
Quoting Algirdas
Same like 3 days before. Hold EUR/USD Long and USD/CHF Short. Market does exact what we're talking to him.


I don't know how to tell much more clear. I think, I must to repeat every 5 min.
Just keep up the good work Algirdas..ur doing great...
  • #50,576
  • Dec 16, 2008 10:38am Dec 16, 2008 10:38am
Quoting SpecialEd
Thanks Shadow. I asked the question because in a profitable trade, I usually use the trailing stop option in MT4, set to TSL=15....
I think maybe I should just make it a habit of setting SL to entry when I'm +16 and then manually move it ahead after that.

That's exactly what I do...step by step..or close and TP when I think its reached a top..
  • #50,577
  • Dec 16, 2008 10:38am Dec 16, 2008 10:38am
Quoting Shadowfx
Removed TP @ 1.38150....gonna play this manual...might just shoot right trough it..or come down a bit first....lets see...
My TP is at 897 now, look at the daily chart and draw the fibs...
  • #50,578
  • Dec 16, 2008 10:39am Dec 16, 2008 10:39am
Quoting Shadowfx
I think maybe I should just make it a habit of setting SL to entry when I'm +16 and then manually move it ahead after that.

That's exactly what I do...step by step..or close and TP when I think its reached a top..
That's what I want to do, Shadow, exactly like you (and Algirdas and AK4X).
Up or down, gimme a ticket
  • #50,579
  • Edited 10:53am Dec 16, 2008 10:40am | Edited 10:53am
There is a HUGE concentration of Asks at 3770, something like 150-300 contracts per pip for 5 pips (on euro futures contract - a good indication of overall market).

We might bounce here for a while (or even have a leg down).

edit: managed to take s screenshot when it touched this area again (positions are already much smaller than previously), look at that ask/bid ratio and it's still trying to go up. Tells something about how strong this trend is.

edit2: whoa!
Attached Image (click to enlarge)
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  • #50,580
  • Dec 16, 2008 10:43am Dec 16, 2008 10:43am
Quoting Shadowfx
Removed TP @ 1.38150....gonna play this manual...might just shoot right trough it..or come down a bit first....lets see...
Nice work Shadow
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