another 50 pips from Strong signal M5 EURUSD
By : Sweet Ichimoku
By : Sweet Ichimoku
Helping Others bring u luck
- #10,223
- Mar 10, 2010 10:22am Mar 10, 2010 10:22am
Hi Vic
I understand your point . However being somewhat tentative abt trading countertrend, i have remained on the side line even when it broke the daily KS 123.40
I do have a question , when do u decide the bearish rally to end ?
edit : btw i just noticed you have been posting signals to trade quite a bit the whole night . I dont know about the rest but i think that is a generous and great gesture even when i havent been able to make use of it due to afk. cheers
I understand your point . However being somewhat tentative abt trading countertrend, i have remained on the side line even when it broke the daily KS 123.40
I do have a question , when do u decide the bearish rally to end ?
edit : btw i just noticed you have been posting signals to trade quite a bit the whole night . I dont know about the rest but i think that is a generous and great gesture even when i havent been able to make use of it due to afk. cheers
yes it is a counter trend entry , but still we can have the chance to get some pips , we got a strong breakout on the 1hr chart and there was some room on the daily chart , so why not to have some pips and jump out
hope things are clear this way
- #10,226
- Mar 10, 2010 10:35am Mar 10, 2010 10:35am
GUYS am sorry i must leave now, my day is over i got some nice pips and i see u all got loveelyy pips, i'll try to be here daily during london session so we all can enjoy pips together , also from next week i'll be doing some scalping and will make sure to post them on live and we can discuss them together
i am really thankful for all of you , u r a great team , and for this reason we all are doing good. keep it up , keep helping each other , keep the good work
keep your eyes on your charts, don't risk too much , don trade what u think just trade...
Yesss "Trade what you see" not "Trade what u think where the market will go"
- #10,228
- Mar 10, 2010 10:43am Mar 10, 2010 10:43am
GUYS am sorry i must leave now, my day is over i got some nice pips and i see u all got loveelyy pips, i'll try to be here daily during london session so we all can enjoy pips together , also from next week i'll be doing some scalping and will make sure to post them on live and we can discuss them together
i am really thankful for all of you , u r a great team , and for this reason we all are doing good. keep it up , keep helping each other , keep the good work
keep your eyes on your charts, don't risk too much , don trade what u think just trade...
- #10,229
- Mar 10, 2010 10:44am Mar 10, 2010 10:44am
GUYS am sorry i must leave now, my day is over i got some nice pips and i see u all got loveelyy pips, i'll try to be here daily during london session so we all can enjoy pips together , also from next week i'll be doing some scalping and will make sure to post them on live and we can discuss them together
i am really thankful for all of you , u r a great team , and for this reason we all are doing good. keep it up , keep helping each other , keep the good work
keep your eyes on your charts, don't risk too much , don trade what u think just trade...
The things which hurt, instruct! - Benjamin Franklin
- #10,233
- Mar 10, 2010 11:23am Mar 10, 2010 11:23am
On this G/U trade on 4hrs i moved my stop loss to breakeven +1 as the price moved 100 pips from my entry, 1.4990.
Price came back touched my stop loss and went down again
Whats a recommend amount of pips to move your stop loss to breakeven ?
Thx.
Price came back touched my stop loss and went down again
Whats a recommend amount of pips to move your stop loss to breakeven ?
Thx.
Trade Smart
- #10,235
- Mar 10, 2010 12:01pm Mar 10, 2010 12:01pm
On this G/U trade on 4hrs i moved my stop loss to breakeven +1 as the price moved 100 pips from my entry, 1.4990.
Price came back touched my stop loss and went down again
Whats a recommend amount of pips to move your stop loss to breakeven ?
Thx.
I usually take partial profits at such instances. This way I am able to secure some profits as well as prevent drawdowns. The method is scaling out.
On the other hand, as Vic mentioned that for his scaling in, he goes to M15 chart, perhaps you can do the same to move the stops in your favour. You can either trail ur SL with KS/Kumo Cloud on the TF that you took the trade or you can go to a lower TF to update the SL.
Just my 2 cents.
- #10,239
- Mar 10, 2010 7:47pm Mar 10, 2010 7:47pm
- | Joined Jan 2009 | Status: Cesco | 1,140 Posts
On this G/U trade on 4hrs i moved my stop loss to breakeven +1 as the price moved 100 pips from my entry, 1.4990.
Price came back touched my stop loss and went down again
Whats a recommend amount of pips to move your stop loss to breakeven ?
Thx.
if you manage to buy close to the lows and sell close to the highs, usually it's enough.
save some 5 - 10 pips to earn the rollover back, especially if you go long.
when important data move GBP, 100 pips may not be enough.....so trade after the data not before, when the market has moved, then stabilized, you enter the opposite direction, wait for some profit and place your protective stop, usually it works
- #10,240
- Mar 10, 2010 11:37pm Mar 10, 2010 11:37pm
Can you please email me the answer when you get it ... I'd want to retire the next day
Thanks in advance Bro
Thanks in advance Bro
On this G/U trade on 4hrs i moved my stop loss to breakeven +1 as the price moved 100 pips from my entry, 1.4990.
Price came back touched my stop loss and went down again
Whats a recommend amount of pips to move your stop loss to breakeven ?
Thx.