Aussie in a 4H ditch. pop to the bottom soon? There is major resistance at parity, if that breaks, we should be good. 
Something to keep an eye on.
Something to keep an eye on.
Trade What You See - Almost Naked Trading
Yes, I did hang on to this trade. DD was over 140 pips, and I was down lots of real money. It is not quite in the money yet, but I think it will be. I really like this weekly chart.
- #3,864
- Nov 11, 2010 7:30am Nov 11, 2010 7:30am
- Joined Dec 2009 | Status: Trader | 6,603 Posts
Oh I didn't realise your entry was from the weekly. In that respect 140pip DD is not a lot I guess. Glad it's going your way now
- #3,870
- Nov 11, 2010 7:43am Nov 11, 2010 7:43am
That sounds like a fun day
Veterans' Day..We always go to Palm Springs for a wonderful parade with flyovers and tanks from 29 Palms and many bands..very moving. My husband marches in it sometimes.
Always Learning
- #3,873
- Nov 11, 2010 8:13am Nov 11, 2010 8:13am
I was looking at this trade also but the weekly RSI is firmly Down against the H4 and Daily up. This is not a critique against you trade because I dont know ,but would you take a trade against the weekly RSI this late in the week?
Potential 3rd TAp...hm...is it worth??
Always Learning
- #3,874
- Nov 11, 2010 8:15am Nov 11, 2010 8:15am
I was looking at this trade also but the weekly RSI is firmly Down against th H4 and Daily up. This is not a critique against you trade because I dont know ,but would you take a trade against the weekly RSI this late in the week?
Potential 3rd TAp...hm...is it worth??
Always Learning
You are welcome. Please make sure you read the thread..especially the first 10 or so pages.
I know that you are expert with huge experience and this is why this system works so well for you. But could you give me, and all other beginners set of general rules that are also very important to make this system work? Something that would give us general information how to use the tools you gave us.
I don't wont you to explain total basic as support levels, trends, and all this entry level dictionary, but i would be very glad to hear how we should calculate stop loss. Not its value in money but how to calculate stop loss for current market conditions, something that would help me to not set it blindly let say 10 pips away above last resistance. Of course it is not only about the stops, i am asking also about all those other rules that are important. Today i am a little mice, but maybe someday that mice will be able to do a favor for the lion
I have read in this topic that you do not use stop loss, and i know that it is possible only for an expert, for me stop loss is everything that makes my money management works, i loose some money because it is too small but without it i would have lost all of them.
