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The System II (Yes with irony)
- #15,563
- Sep 8, 2010 6:47am Sep 8, 2010 6:47am
Hi Musanto,
I am long too but I went in off LV 83, so my entry was at 1.2688....
Learn it my friend, you'll be end up work as a trader
Thank you, I know the thread, a lot of reading
Have a nice day
I'm stopped out at 01, +2 pips for 1/3 of total unit
Runner mentality , I need that black Jhony
- #15,565
- Edited 7:23am Sep 8, 2010 7:04am | Edited 7:23am
Thanks for ur reply Musanto
It would be great to get even 5 or 10% of fxa success, and i will always try.
I know the stop loss setting is different for everybody can I ask if you set yours to -5 from the break or do you sometimes take bigger loss?
please excuse my English,
My stop loss for a trade always fix 15 pips,
once or twice when sometimes during news the spread widen I move it to 30 -40 pips. (Oanda broker)
For normal condition, I try hard to hold on less than 15 pips sl, when I know the price move against me, I move the stop loss less than 15 pips.
I never move the stop widen , unless for a reason above
Only If I after a runner,
I always move my sl to -5 after a move of +20 pips
It always failed, like I did just now,
you have a better way to after a runner.
I never set wider for my SL,
just now my trade is : Long at 1.2699
When the price 1.2720, I move SL 1.2694.
Next, when the price approaching to my SL,
I tried to figure out (not always right) where the price will end.
and move my SL 2 pips below it, that is 1.2701
Hope it can help
Cheers
Musanto
- #15,570
- Sep 9, 2010 12:52am Sep 9, 2010 12:52am
- | Joined Jul 2007 | Status: Learner | 1,363 Posts
I'm in Long 1.2702
and ready to reverse short to 123 entry if I have to.
Bak
- #15,571
- Edited 2:01am Sep 9, 2010 1:02am | Edited 2:01am
Good morning Musanto. Good luck with the trade. I am flat at the moment (only just woke up). Just wanted to say thanks for the "V". Only just noticed it. I don't post enough wisdom to deserve it (lol) but nevertheless thank you very much for your vouch.
Bak
You're a consistent trader, deserve the vouch
still fighting, move my sl to 89
- #15,577
- Sep 9, 2010 2:48am Sep 9, 2010 2:48am
For now, I am looking for a reversal from lv 2690 but will take a set-up lower if it shapes up. Not keen on the short side unless it consolidates and then I will look for a box breakout.
