DislikedYeah I'm still trying to figure out the exits. Cut your losers quick and let your profits runIgnored
Each trade will be it's own.
Started my own thread too, you can visit here:
http://www.forexfactory.com/showthread.php?t=259075
Trading is this Simple? Finally Explained simple and clearly! 46 replies
Trade Naked Candlesticks strategy 15 replies
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Trading naked or keep it simple stuff.... 20 replies
DislikedYeah I'm still trying to figure out the exits. Cut your losers quick and let your profits runIgnored
DislikedYeah I'm doing a little experiment with tiny position sizes, we'll see what happens. What's changing is that I shouldn't be trading 7 discrete entry criteria with the identical management and exit solutions.
Each trade will be it's own.
Started my own thread too, you can visit here:
http://www.forexfactory.com/showthread.php?t=259075Ignored
DislikedHi all,
Been riding on AU short from 1.0165. Initially I expected it to touch 23.6% fib and bounce back, but the commotion in the area and t the steepness of the previous rise all point to a drop back to base Trend Line, which I would say would be around the .9650 or so. As I will be travelling for a while and wont have access to my platform, I am not sure whether I should close my trades or go with the initial gut feeling of leaving the trade for 2 months or so. Decision time......Ignored
Dislikedboy or boy...tough decision! imo you should lower your S/L to the last retracement and then set an order at 9650 to remove 50% of your position. Then lower your S/L again. Good job on this trade. I wish I had your patience for leaving a trade open so long.Ignored
DislikedI like to keep my charts pretty simple, just candlesticks.
A clear signal for position traders on the AUD/USD on Monday was the sell signal on the weekly chart... solid up bar and solid down bar the last 2 weeks (referred to as "railway tracks"). This candle formation is arguably the strongest indication of where the market is going of all chart candlestick patterns.
Yesterday I sold @ 0.9875 with a stop @ 0.9942 and TP @ 0.9388
Currently +117 pips (was +153 earlier today).Ignored
Dislikedhi pt49
i like your simple style, im still (always) learning but like a simple approach. your TP is 9388....Ignored
DislikedWe bounced from the 1.3250 level today.= previous area of support.
Seems we will close the day above 50fib of the upmove @ 1.33.
So I see your reasons to go long here already. Considering to do so as well at the moment. (Especially with the strong bullish div on H4)
Original plan was to wait for a retest of the broken UTL of the longer-term downtrend. maybe in confluence with 61.8 fib (if we drop down there tomorrow already). Turning around there would also form an inverted H&S (which, once the neckline is broken, should indicate a real longer...Ignored
DislikedI was just looking at the chart before I read your post and was thinking that 9924 to 9930 would be the high.Ignored
DislikedDon’t know guys, it’s been sitting under the DM4 at 99002 for 16 hours. When it goes, up or down, it’s going to fly also China and Hong Kong is opening as I type.
Ignored
DislikedHi Guys,
I am with yous adding more to my shorts after I got stopped out ( for half lot).
I just shorted at 99.10, no short term target. Planning to swing.Ignored