DislikedInteresting approach. I usually get into trades in increments. For example, last week I shorted GBP/JPY a second time for the week, this time at the end of the week. I shorted the entire retracement up on each Fib level starting from 38.2% all the way up to the 61.8% (three zones). It then dropped, came back up a bit to test the highs and as I saw it fail, I threw some more shorts at it. It's the smartest way to trade and keeps you from committing your entire max sized position at one price level.
The worst that happens to me in my scenario is...Ignored
- #65,185
- Feb 15, 2009 5:48pm Feb 15, 2009 5:48pm
- | Joined Nov 2007 | Status: Trader | 1,142 Posts
/ ... clarifying decisions ... /
- #65,190
- Feb 15, 2009 5:51pm Feb 15, 2009 5:51pm
- Joined Sep 2008 | Status: Married - 5 Wives | 14,713 Posts
The Thief of Wall Street
- #65,200
- Feb 15, 2009 6:01pm Feb 15, 2009 6:01pm
- Joined Sep 2008 | Status: Married - 5 Wives | 14,713 Posts
The Thief of Wall Street