Hi Laborers Fx!
Simoneg personal!
Can I join the discussion?
Fibo system great!
Simoneg personal!
Can I join the discussion?
Fibo system great!
USD/CAD Trading Room 470 replies
EUR/USD Trading Room 328 replies
Do The Trading Room 20 replies
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One question left: When is the right time to take the profit and when should I hold the position? Do you guys have some ideas?Ignored
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I have an idea.
1. Once trade begins to move your way, move your SL to BE
2. If your trade is correct it will move towards your target. Once it passes the next fib point say 61% or 80%, etc move your SL to this point and keep on watching the PA
3. IfIgnored
DislikedThank you for the idea Bydyke!
The thing is, I would like to have a way to protect my profits against retracements....Ignored
DislikedThank you for the idea Bydyke!
The thing is, I would like to have a way to protect my profits against retracements. After they finish their retrace, they usually continue the direction and more profits are possible. The best method is to move the SL below swings, but you never know if it is a retrace or a reversal...Ignored
DislikedReversals don't happen a lot. It is hard for a currency to reverse its direction. Many retracements are mistaken for a reversal. And reversals can only be seen on large tfs. What you do when you get an indication that price will retrace is close your trade and trade the retracement (tricky) or let it get to the retrace level its seeking and re-enter on the next swing.Ignored