DislikedI traded this but I didnt want to set a target profit. Suffice to say ended the trade in a loss. The reverse wasnt gentle.Ignored
its ok.. with more screen time under your belt you will be able to distinguish such situations better..
We all need pivots to win..yes or not? 13 replies
The System (Irony included) 1,175 replies
DislikedI traded this but I didnt want to set a target profit. Suffice to say ended the trade in a loss. The reverse wasnt gentle.Ignored
DislikedThanks for clarification. Its obvious now you were just illustrating the way you handle the markets after a mover... ie. waiting for a range to develop to reenter.
Thanks again.
MM
PS: WHIPPY MARKETS RIGHT HERE!!!Ignored
Disliked
Risk aversion is back -maybe - asia stock mkets down and looks like european mkts will also be down, everyone getting nervous and dumping eur gbp and commodity ccys like nzd and aud. We could be in for an interesting session.
I too am just sitting on my hands currently have leant the hard way in the past how you can loose very quickly in this situation
Cheers allIgnored
DislikedBy the way dude,
What sort of position sizes are you trading these days? In terms of standard lots...Ignored
Dislikedi took -3 on that trade , there wasnt much momentum with the candles
just my thoughts only
andrewIgnored
Dislikedusually 10 lots when i trade my fxpro/union account, where i do my illustrations and live trading for you guys.. and anywhere from 30-50 lots on my major account with DB.
yesterday i had 40 large going on that short trade that your were talking about..
I be back in a hr or so guys..Ignored
DislikedThats impressive for a personal account. Respect. Tell me, how much margin do Deutsche require for you to trade those position sizes on a personal account? I trade with them too... only the profits go in my bosses back pocket...
Cheers,Ignored
DislikedHi Fxachilies,
Thank you for carrying on where Feb left off. I trust Feb is doing well. Do you have any updates on his health?
The information you have shared here is invaluable. I have been trading in a similar fashion. I know that this is an indicator free strategy, however, I just wish to add that I use ADX (14) to check trend strength prior to executing trades. This has helped to keep me out of several false breakouts. Keep up the excellent work that you are doing. God bless you.
fxpilotIgnored