I likely do not need to say this
but this may not be the best ststem to use today
playing on S/R is likely not a bad Idea
teb
but this may not be the best ststem to use today
playing on S/R is likely not a bad Idea
teb
TEB 5ema & 12ema and 21 RSI (MTF)
- #542
- May 31, 2010 9:42am May 31, 2010 9:42am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
well having said what I said in my last post
the usdcad is selling up almost perfictly
esp. with the likely rise in the interest tomorrow
wait for a sell sign and it is a very hard day today
teb
the usdcad is selling up almost perfictly
esp. with the likely rise in the interest tomorrow
wait for a sell sign and it is a very hard day today
teb
- #544
- May 31, 2010 10:19am May 31, 2010 10:19am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Bank Holiday in UK and US. Maybe this is not a good day to trade.
you may well be right !
teb
- #547
- May 31, 2010 3:04pm May 31, 2010 3:04pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
well having said what I said in my last post
the usdcad is selling up almost perfictly
esp. with the likely rise in the interest tomorrow
wait for a sell sign and it is a very hard day today
teb
This is the usd/cad
1st lot 21 pips
3 lot free trade
teb
- #548
- May 31, 2010 5:42pm May 31, 2010 5:42pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Hi Teb
I would like to ask when is the second (runner) at optimum? I.E. when is it good to take profit. What is your experience?
On the longer time frames following PSAR seems to get a good portion of the move but on 5 mins the PSAR is sensitive. On some occasions, I have taken profit when 5 min PSAR turned - and then see it turn in my original direction WITHOUT me on board.
Hope you can share when the best time/setup to close out the position - as the closing of positions is what determines how much you ultimately profit.
Thank you and...
but for
1. its a time I should not be trading (lol)
2. I have to many trades on (normally they are fre trades )
teb
I put two trades on always
but for
1. its a time I should not be trading (lol)
2. I have to many trades on (normally they are fre trades )
teb
Thanks for your reply. Sorry but being new, I don't quite understand what you are saying.
Or maybe my question was wrongly worded - let me try again. Entry with 2lots - When target 1 of 10 or 20 is met, take profit on first lot and move the stop on second lot to Breakeven (so that lot 2 is a free trade and the worst thing that can happen is you breakeven) With the saying "let your runners run" I would like to ask you, from your experience, what is the best way to catch the maximum run on this second lot i.e. how to let this runner run to its maximum potential.
What patterns or hints/Clues do you look for to tell you that it is time to take $$$ and close the runner position?
Thanks again.
- #550
- Jun 1, 2010 5:58am Jun 1, 2010 5:58am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Hi Teb
Thanks for your reply. Sorry but being new, I don't quite understand what you are saying.
Or maybe my question was wrongly worded - let me try again. Entry with 2lots - When target 1 of 10 or 20 is met, take profit on first lot and move the stop on second lot to Breakeven (so that lot 2 is a free trade and the worst thing that can happen is you breakeven) With the saying "let your runners run" I would like to ask you, from your experience, what is the best way to catch the maximum run on this second lot i.e. how to let this runner run...
2nd
ok
swing lows and highs
just keep moving your stop loss each time you make a new swing.
in an up trend every higher low .. put your stop loss 2 pips (plus spread if you have any) below the swing.
teb
- #552
- Jun 1, 2010 6:11am Jun 1, 2010 6:11am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Today very good opportunities during UK open.
yes I see!!
how did you do?
I was short over night
and very happy today!!
teb
all week charts open, but i clear my account (4rd time) now i wait for some quick ca$h.
