Thanks for your recommmendations. I have a question; my trading style for a while now is to keep losses small, at most 50 pips. With a stop at 141.80 we can potentially loose 180 pips. Is it this far to avoid spikes and if this trade goes decisively against us you will exit sooner, or will you be comfortable letting it ride all the way up to todays high, and maybe even add to the trade if it starts going in our favour again? Do you ever add to a loosing trade?
Thanks, fx yogi
ps I got in at 139.91 and so far looks promising, so thanks again.
thanks a lot. Looking forward to your advice n recommendations!
Ignored
no prob, i dont tell folks where to take profits unless stated in my trade. i like to look for more than 100pips per trade though. i may give sudgestion on where i expect the trade to go but taking profits is for you to decide.
i take profits and usually leave a trail to catch those extra pips
Thanks for your recommmendations. I have a question; my trading style for a while now is to keep losses small, at most 50 pips. With a stop at 141.80 we can potentially loose 180 pips. Is it this far to avoid spikes and if this trade goes decisively against us you will exit sooner, or will you be comfortable letting it ride all the way up to todays high, and maybe even add to the trade if it starts going in our favour again? Do you ever add to a loosing trade?
Thanks, fx yogi
ps I got in at 139.91 and so far looks promising, so thanks again....
Ignored
thanks for your question. if i feel we are going to hit sl i will exit sooner but to honest i dont usually have such a large stop on my trades. this is the 1st trade taken in a long while with such a large stop. if your mm is good then this should not be a fear.
keeping losses small is good but the way i see it as long as i win much more than i lose then im fine, i do my best to give us good entries but this is not always 100% possible.
guys if i enter a trade and my entry is 50 60 70 pips off from where you caught the trade, your profits will be less ofcourse but please still use your stops and place it above/below prev s/r area so you dont get taken out before the trade continues in your favor.
im going to have a eye on the market incase i get a chance to add, im already +100 with sl to be+5 on my trail. anyone who took this trade no matter what your profits are please protect them, any pips are good pips. maybe we will catch something sweet during london, happy pipping.
how do you rate the thread? i see other threads with the stars but no idea how to rate the thread. this thread is only 1month old with my 1st trade taken here live exactly 1month ago today so i dont expect much but i dont see the option to rate threads. anyone?
Cool Runnings intraday swing trading
