Well I didn't want to be the one to say that as most Really Old Timers still don't get why it is these days they put the toilet inside the same building where the food is cooked...
FUBAR...
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Re: EurUsd short term 15 replies
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DislikedYou might try dumping most of them but leaving part of your best position open.Ignored
Disliked
Well I didn't want to be the one to say that as most Really Old Timers still don't get why it is these days they put the toilet inside the same building where the food is cooked...Ignored
Dislikedbut the only reason it was at break even was because of the "best position." if I had kept the best position and sold everything else out I would risk losing money on that trade vs. break even.Ignored
DislikedYour Other Choice is put the coin back in your pocket and hang on to it...Ignored
DislikedWhat I mean is close all positions except the best one, and close 90% (or whatever % you want) of the best position.
So if you have 5 short positions:
-100
-100
-Then instead of "closing" them, you would just place a "buy" order for 450 units. Not sure which broker you're w/ but w/ Oanda this will close the worst positions and 50 of the best position, leaving 50 of the best position still in.Ignored
DislikedEUR touch daily gan hillo , ,TD, horisental resistance line,and now
we have a bearish DV on M15 I think there will be a drop for EURIgnored
DislikedAfter some success monitoring price action and finding fairly accurate entries, I have concluded the answer to my inability to exit most successfully a direct result of failing to solidify a risk reward scenario on a trade.
I must therefore, maintain my new careful entry strategy, but most certainly start applying strict stop losses, and trailing stops to better protect against downside and extract more gains whne my entries are correct.
It's that simple. I can't afford any more gray hair.
Taking a break until next week, thankful...Ignored
DislikedWhat I mean is close all positions except the best one, and close 90% (or whatever % you want) of the best position. That's basically the same as breaking even, but you have a low-risk position still in play that you can add to as price moves with or against you, depending on your gameplan.
So if you have 5 short positions:
-100
-100
-100
-100
-100
Then instead of "closing" them, you would just place a "buy" order for 450 units. Not sure which broker you're w/ but w/ Oanda this will close the worst positions and 50 of the best position,...Ignored
DislikedMore proof those silly fibs drawn "after the fact" have absolutley no usefullness whatsoever and should be destoyed.
Upper and Lower anchors in orange, Useless fib hits in pink.Ignored