DislikedStupid question, if you guys don't mind answering. What happends if I am in a play and the spread widens drastically? Does this effect me in any way? Never had a position open during nfp, and a bit scared.Ignored
K.I.S.S.
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedStupid question, if you guys don't mind answering. What happends if I am in a play and the spread widens drastically? Does this effect me in any way? Never had a position open during nfp, and a bit scared.Ignored
DislikedIt shouldn't. My broker charges the spread only on entry as most brokers. Unless there is something I'm not aware of you should be fine.
K.I.S.S.Ignored
DislikedStupid question, if you guys don't mind answering. What happends if I am in a play and the spread widens drastically? Does this effect me in any way? Never had a position open during nfp, and a bit scared.Ignored
Dislikedreally? it's NFP?
just kidding.
I've never read nor care about the news, I always put my stops behind some trusty PPZ, or, better yet, at BE, never hurts me for the time being .
but maybe someone else has a better prespectiveIgnored
DislikedFunny nasir, I think we both entered at around the same time, but slightly different plays. Good luckIgnored
DislikedYa, to be honest, could really careless myself hehe. Just worried that the spreads shots up to 150 and I get taken out for a loss all of a sudden. I'll just be at B/E and actually sleeping tonightIgnored
DislikedBE is the way to go! don't we all love the good night sleep at the weekend... not... I can't wait till monday again, weekend is too boring for me LOL.Ignored
Dislikedhi mate, be carefull there,i have that TL well broken allready, i only connect lows/highs to lows/highs and close to close prices though. i dont like to mix them as it becomes very like curve fitting your lines to fit price.
jon
sorry cant post charts right now.Ignored
DislikedNasir, just a simple retrace of daily BEOB. I liked the PPZ there, felt really perfect to me. Perhaps there is better, but it was a good one no doubt.Ignored
DislikedI can't believe i missed that Daily BEOB. my entry would have right where my stop is.
But you have to deal with it when you have a day JOB.Ignored
DislikedHey Shephrd
My exit methods are based on each individual trade situation. They vary greatly. For some more insights this post might help you
http://www.forexfactory.com/showpost...ostcount=36491
The times I will really hold on are on major major reversals. These are huge bars or the perfect bar in the perfect location.
Hope that post helps give you more of an idea
MikeIgnored