DislikedWhitegoodman,
Excellent input as always, a question,
Didn't you take that eur/aud short several weeks back, and are you still in it?
It looks to be the gift that keeps on giving.Ignored
Wheelz
Silent room 2 replies
Silent Success of Patience 10 replies
My silent journal 4 replies
bo7a method... method for GBP/JPY 205 replies
Seeing Through the Silent Crash 4 replies
DislikedWhitegoodman,
Excellent input as always, a question,
Didn't you take that eur/aud short several weeks back, and are you still in it?
It looks to be the gift that keeps on giving.Ignored
DislikedQuite a convincing lesson for me to leave the whole trade on in the future.Ignored
DislikedHad to have a go -
Shorted the GBP/USD pair. Going off to work today.....as long as it's under 1.7050, I will still be in it.
ChrisIgnored
DislikedTo answer your questions from that post, suma:
is this pinbar on 4 hour follow by pinbar on 8 hour ? >> Yes
pinbar on 8 hour is already break is that right ? >> Price is above it now, yes.
is it a good set up to go long ? or go short ? >> I'd wait til price moved from its present box with conviction before trading it.
or not good set up for adding position? >> It's about ready to make a move, so again, I'd just wait til it's clearer.
or this is i.e. pinbar in traffic ? >> Definitely.
[I attached my Daily and 3H chart...Ignored
DislikedSimon,
I've got an awkward solution, that may work if all else fails.
When you place a trade on Oanda, the order window calculates your SL in USD, as you change the "units" (lot size) of your trade. I love this feature because I locate my stop according to PA, and then adjust the lot size until the SL calculations matches my risk tolerance.
So.....if you were so inclined, you could use Oanda's demo platform and it's order entry window to do the math for you.
Just a thought.Ignored
Dislikednot gonna give it room to move?
the signal is off the weekly, its gonna be a longer term trade, just my thinking neways
(though I know why, the support at 1.65)Ignored
DislikedCan anyone point me in the direction of a good position size calculator please? All suggestions much appreciated.
Cheers
SimonIgnored
DislikedHi.
This trade is now open for 20 days and scratched the 600 pips mark for a while. It has been in consolidation for about 7 days but the 0.9 could be left behind and now on the way to 0.9250 until next trouble. If it closes to this level the stop will be trailed a little bit below 0.9. The second chart shows with the yellow arrows why my SL is where it is. I trailed the SL 3 times now on this trade and I am still in.
This thread learned me that the SL is not a fixed or dynamic value measured in a pip distance from the current price, it is simply...Ignored
DislikedAnother one of those lessons you can never truly learn from or understand until you experience it yourself, no matter how many times you read it.
Congrats, great minds think alike ha!Ignored
DislikedCan anyone point me in the direction of a good position size calculator please? I've tried www.forexcalc.com and http://www.earnforex.com/position_size_calculator.php but they give me different answers when I put in a GBPCHF trade.
All suggestions much appreciated.
Cheers
SimonIgnored
DislikedTo all my members, sorry I only got one video out tonight......it was HOT today, and I was working outside. (For you foreigners, it was something like 37 C and humid.)
Now I only have something like 35 more videos in the queue.Ignored