DislikedGBPJPY is one nasty dragon with a big tail.
Very funny story though.
In answer to your questions a break through either the 23.6 or 78.2 towards the 50 is always a reversal trade, regardless of where it comes from.
I definately use a stop loss which I place at break even as soon as I think I have given the trade enough room to breath. If it reverses then I am stopped out and awaiting the reverse trade.
Checkz, do you only trade the break of the high or low on the candle, or can you trade in between ?
Also, what timeframe are you...Ignored
- #4,562
- Dec 18, 2009 1:54am Dec 18, 2009 1:54am
- Joined Jul 2009 | Status: symbol | 1,549 Posts
Keep smiling 
- #4,564
- Dec 18, 2009 5:39am Dec 18, 2009 5:39am
- Joined Jul 2009 | Status: symbol | 1,549 Posts
Keep smiling 
- #4,565
- Dec 18, 2009 5:42am Dec 18, 2009 5:42am
- Joined Jul 2009 | Status: symbol | 1,549 Posts
Keep smiling 
- #4,567
- Dec 18, 2009 5:53am Dec 18, 2009 5:53am
- Joined Jul 2009 | Status: symbol | 1,549 Posts
Keep smiling 
- #4,568
- Dec 18, 2009 5:57am Dec 18, 2009 5:57am
- Joined Jul 2009 | Status: symbol | 1,549 Posts
Keep smiling 
- #4,574
- Edited 6:49am Dec 18, 2009 6:38am | Edited 6:49am
- | Joined Dec 2009 | Status: Trader | 1,171 Posts
- #4,575
- Dec 18, 2009 7:17am Dec 18, 2009 7:17am
- Joined Jul 2009 | Status: symbol | 1,549 Posts
Keep smiling 