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  • #72,981
  • Mar 9, 2009 7:09am Mar 9, 2009 7:09am
Quoting dotweb.pl
You simply open your desired trade window, change lots size for example from 1.00 to 0.50 and you close that. After this you will have your position left but only with the size you didnt close (0.5). Works with metatrader and i think it works with other soft as far as you broker lets you do it.

cool lol i seriously didnt know u could do that
  • #72,982
  • Mar 9, 2009 7:12am Mar 9, 2009 7:12am
Quoting dotweb.pl
You simply open your desired trade window, change lots size for example from 1.00 to 0.50 and you close that. After this you will have your position left but only with the size you didnt close (0.5). Works with metatrader and i think it works with other soft as far as you broker lets you do it.
Don't think it can be done in Oanda--which sux for me

I still like Oanda though
  • #72,983
  • Mar 9, 2009 7:17am Mar 9, 2009 7:17am
Quoting ChaosPipper
Everydaypips,

Just an idea for you. If you are trading at $5/pip and closing your positions quite early, have you considered perhaps closing half (or more) of your position for your initial scalp and letting the rest run a little more? This may enable you to catch some slightly larger runs. Something for you to consider

This works both ways it might also gt you a slightly smaller profit...
If you need something important don't hesitate to ask someone else.....
  • #72,984
  • Mar 9, 2009 7:17am Mar 9, 2009 7:17am
Quoting altrader
Don't think it can be done in Oanda--which sux for me

I still like Oanda though
of course you can do it in oanda

example:
buy 1 lot
then sell 0.5 lots

other thing is if you have multiple orders opened... and want to partially close one of them.... then I don't know how to do it..
  • #72,985
  • Mar 9, 2009 7:22am Mar 9, 2009 7:22am
Quoting altrader
Don't think it can be done in Oanda--which sux for me

I still like Oanda though
With Oanda you have to take a trade in the oppsite direction...

ie if you havea 1lot buy take a 0.5 sell and it closes 0.5 of your buy....

found that out the hard way when I used to use oanda went to hedge my trade and it dont let you and it closed part of my buy for a loss...
If you need something important don't hesitate to ask someone else.....
  • #72,986
  • Mar 9, 2009 7:23am Mar 9, 2009 7:23am
Quoting emda
of course you can do it in oanda

example:
buy 1 lot
then sell 0.5 lots

other thing is if you have multiple orders opened... and want to partially close one of them.... then I don't know how to do it..
if you have multiple orders open they close out the 0.5 lots from the first order made.

example:
buy 1 lot @ 2600
buy 1 lot @ 2650
sell .5 lot @ 2675 - they close .5 lot from 1 lot @ 2600

my experience only.
  • #72,987
  • Mar 9, 2009 7:23am Mar 9, 2009 7:23am
Don't think in terms of dollars - think in terms of pips.






P.S.

Oh God! I'm so incredible wise!
  • #72,988
  • Mar 9, 2009 7:30am Mar 9, 2009 7:30am
Quoting altrader
Much less volatility today in the EUR/USD. Just an observation.
Yes me too. I guess it helps a little, for it gives time for us to think and analyze better. What do you think?
  • #72,989
  • Mar 9, 2009 7:30am Mar 9, 2009 7:30am
Quoting emda
of course you can do it in oanda

example:
buy 1 lot
then sell 0.5 lots

other thing is if you have multiple orders opened... and want to partially close one of them.... then I don't know how to do it..
ohh right ok aha...i'll have to try that out. Thank you.
  • #72,990
  • Mar 9, 2009 7:31am Mar 9, 2009 7:31am
God bless America!
  • #72,991
  • Mar 9, 2009 7:32am Mar 9, 2009 7:32am
Quoting dysan4x
if you have multiple orders open they close out the 0.5 lots from the first order made.

example:
buy 1 lot @ 2600
buy 1 lot @ 2650
sell .5 lot @ 2675 - they close .5 lot from 1 lot @ 2600

my experience only.
ahh ok cool, thanks again. I'll definitely try this out.

I'm not sure how I missed this
  • #72,992
  • Mar 9, 2009 7:34am Mar 9, 2009 7:34am
Quoting kommo
Yes me too. I guess it helps a little, for it gives time for us to think and analyze better. What do you think?
It doesn't bother me too much but I guess I'm just too used to those big 50/100/200 pip moves now lol.

I'm working on a intraday scalping strategy on the 5 minute time frame now so i was hoping to take some bigger pips but ahh well.
  • #72,993
  • Mar 9, 2009 7:38am Mar 9, 2009 7:38am
......Short at........1.2661
........1 Lot out at 1.2633
........1 Lot out at 1.2603
..Last Lot left to run (I hope)
......................................Stop Loss brought down to 1.2645.

Taking a few hours off.
Good Trading. (keep it simple).
  • #72,994
  • Mar 9, 2009 7:43am Mar 9, 2009 7:43am
EURUSD consolidating around M2 (1.2585).
Seems like its going to tip/fall.

Considering several factors in play, I'd wait for a buy @ 1.2560 area.
  • #72,995
  • Mar 9, 2009 7:43am Mar 9, 2009 7:43am
Quoting altrader
It doesn't bother me too much but I guess I'm just too used to those big 50/100/200 pip moves now lol.

I'm working on a intraday scalping strategy on the 5 minute time frame now so i was hoping to take some bigger pips but ahh well.
scalping is better in this kind of move..but only one has to be careful for it has a stronger affinity for south!!
  • #72,996
  • Mar 9, 2009 7:44am Mar 9, 2009 7:44am
down we go
  • #72,997
  • Mar 9, 2009 7:46am Mar 9, 2009 7:46am
Quoting kommo
scalping is better in this kind of move..but only one has to be careful for it has a stronger affinity for south!!
definitely got to be careful as a scalper. Money Management is so crucial. All those people who would harp on about it on and on were right.

Wish I didn't have to lose money to realise it but ohh well, I didn't lose much compared to the potential gain if I can get this trading system right
  • #72,998
  • Mar 9, 2009 7:46am Mar 9, 2009 7:46am
OK, I have to stop trading now, and 'cause I don't like to leave my trades open without watching them from time to time - I closed my morning short - +34 pips. Over and out.

P.S.

I'm going to the dentist!
  • #72,999
  • Mar 9, 2009 7:55am Mar 9, 2009 7:55am
Quoting T.E.Lawrence
OK, I have to stop trading now, and 'cause I don't like to leave my trades open without watching them from time to time - I closed my morning short - +34 pips. Over and out.

P.S.

I'm going to the dentist!
watching it time to time is better and encouraging if the equity is increasing....
  • #73,000
  • Mar 9, 2009 7:57am Mar 9, 2009 7:57am
Quoting altrader
definitely got to be careful as a scalper. Money Management is so crucial. All those people who would harp on about it on and on were right.

Wish I didn't have to lose money to realise it but ohh well, I didn't lose much compared to the potential gain if I can get this trading system right
yes you are right...positive, negative, positive, negative.........but the trading system is fine, there are more green account history and many more positive close
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