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Membership Revoked
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Joined Feb 2009
|2,903 Posts
hold your grounds guys if you are in a trade, this great postion to be you are in the profit right before london open, exit if you see a glimer of reversal but stay it might be much further gain.
If you like this rule, my answer is yes I like it too and I follow it as well.
If you dont like it then this style may not be for u.
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I like this rule.
I just was not sure did I right in THIS exemple or not. So, If I did all right understand - I did it right. Yes. I really don't know will the market next minute go my way, or not. And as I don't want to have a loss, then to have +2 is better then -9 loss.
I hope I think true.
Thank you very much! You helped me verywell during these days.
Your words are very important for me!
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Membership Revoked
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Joined Feb 2009
|2,903 Posts
for those of you that traded the G/U move, you should have ended up with about 30pips, no set in stone rule for exit just expectancy, it helps you both ways, banking more profit and cutting losers short early.
remember, feb says expectancy is an art. it will come to you with more practise.
any comments let me know, speak out if its not clear too you.
2 more set-ups in G/U now - one with a retracement to 1.4545 and break-out around 61 and another spring around the 70 to 75 area. Am I seeing that correctly? Sorry, can't post pictures right now. Thanks much for all your help. Highly appreciated.
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Membership Revoked
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Joined Feb 2009
|2,903 Posts
You see it correct specially the first one.
But all you can do my friend is to test the market when you see the setups. and once your in your trade mangment skills comes in, thats what will make the difference.
dont be hesitant to pull the trigger when you see it thats the important part.
as you see right now you would be very Happy man... lol
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Membership Revoked
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Joined Feb 2009
|2,903 Posts
I just got out of this trade for 25 pips profit and lost 4pips on G/U first setup.
Both setups were good but E/U was alittle more ideal.
But over all dont get so hung up on details, bcz it slow you on pulling the trigger.
Its all about real time practise, if not comfortable yet lower your load to your comfort level.
today I took all opportunity that was given and at first thats the most important thing to me (bcz i need to be in the party) and secondly imortantce to me is how i trade manage it. if i can do this two things right i be successfull. my todays result up to now +79 pips.
I just got out of this trade for 25 pips profit and lost 4pips on G/U first setup.
Both setups were good but E/U was alittle more ideal.
But over all dont get so hung up on details, bcz it slow you on pulling the trigger....
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I've got a question regarding entering an order ... I've entered a buy-stop with my broker, but if the price moves rapidly sometimes I get a fill 5 to 15 pips worse than my entry because of slipage. Are you guys experiencing the same? I talked to my broker, yet they told me this would be normal in a fast moving market and for scalping they don't advice using stop-buy and/or stop-sell orders. I guess it's time to switch brokers or are you guys experiencing the same with your brokers? Thanks
Would you consider this a good setup, the retracement has only one downbar...
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piper,
good to see you participating,
I dont trade E/J but from what i see it looks good, again it goes back to testing, it definatly worth a test but be ready for exit if its reversing after trigger point, don't hope.
One thing that guys i want you guys to keep in back of your mind is that its always better to trade the first breakout of the swing. in piper E/J case its the second. so all i want is for you guys to be prepared and know your risk, still pulling the trigger and testing the water.
I've got a question regarding entering an order ... I've entered a buy-stop with my broker, but if the price moves rapidly sometimes I get a fill 5 to 15 pips worse than my entry because of slipage. Are you guys experiencing the same? I talked to my broker, yet they told me this would be normal in a fast moving market and for scalping they don't advice using stop-buy and/or stop-sell orders. I guess it's time to switch brokers or are you guys experiencing the same with your brokers? Thanks
Ignored
it goes back to cutting the loser short..... it relates to this aswell, If i were u i would cut my broker a.s.a.p ....
I just got out of this trade for 25 pips profit and lost 4pips on G/U first setup.
Both setups were good but E/U was alittle more ideal.
But over all dont get so hung up on details, bcz it slow you on pulling the trigger.
Its all about real time practise, if not comfortable yet lower your load to your comfort level.
today I took all opportunity that was given and at first thats the most important thing to me (bcz i need to be in the party) and secondly imortantce to me is how i trade manage it. if i can do this two things right i be successfull....
Ignored
Well done my friend!
I would like to ask you a couple of questions if you don't mind:
what pairs do you trade, just the GU and EU?
do you use skyline's Ea to manage the trade? If not how do you trail your stops?
How do you deal with the spread when you open a position? What I mean is if you're buying you place your order above the swing high + 3 pips + spread?
