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  • #378,641
  • Feb 3, 2011 5:29am Feb 3, 2011 5:29am
Guys, I have a question if you don't mind answering:

Let's say I went short at 1.3782 risking 10 pips and when I got around 20 pips I rushed into closing it. Was it a bad move given the current scenario?
  • #378,642
  • Feb 3, 2011 5:30am Feb 3, 2011 5:30am
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Click to Enlarge Name: eurusd.gif Size: 35 KB


nice reaction at 3760 lvl
Hero calls followed by margin calls...
  • #378,643
  • Feb 3, 2011 5:30am Feb 3, 2011 5:30am
Quoting fr600
Guys, I have a question if you don't mind answering:

Let's say I went short at 1.3782 risking 10 pips and when I got around 20 pips I rushed into closing it. Was it a bad move given the current scenario?

Yup, why not take 1/3 of, protect the next 1/3 at a bit of money and let the last 1/3 run.

This only a rough scaling out method and you may want to finetune it a bit.

On my scaling in/out I can have dozens of trades going with different sizes and entries.
  • #378,644
  • Feb 3, 2011 5:31am Feb 3, 2011 5:31am
Quoting cloggie
ONce you are in the money, get out 10 mins before the news or so until you get better at trading the news, then use the news spike as a better price to get back in.
good point!
i will do it on eur but probably not on gbp depending if constantly falling . and also the spreads are more expensive on gbp with my broker
  • #378,645
  • Feb 3, 2011 5:31am Feb 3, 2011 5:31am
Broken the lines so lets see if can get any short signals.
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Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #378,646
  • Feb 3, 2011 5:31am Feb 3, 2011 5:31am
Quoting fr600
Guys, I have a question if you don't mind answering:

Let's say I went short at 1.3782 risking 10 pips and when I got around 20 pips I rushed into closing it. Was it a bad move given the current scenario?
thats up to your MM and S+R's.

3782 was good short entry, i would move SL to BE and start scaling out with +30.

that would be my line.
just for comparision.
Hero calls followed by margin calls...
  • #378,647
  • Feb 3, 2011 5:31am Feb 3, 2011 5:31am
At 14.00 GMT should be safer to trade since all news will be announced and market reaction determined..

Ill stay out till then, got some pips in the morning need just couple more in ny session..


See u then.

Gl
  • #378,648
  • Feb 3, 2011 5:32am Feb 3, 2011 5:32am
lets see if the 200 on m30 holds
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Click to Enlarge Name: 30 m eur.gif Size: 19 KB
  • #378,649
  • Feb 3, 2011 5:32am Feb 3, 2011 5:32am
long scalp 3760. Sl 5, tp 10-15

lets see :nerd:
Hero calls followed by margin calls...
  • #378,650
  • Feb 3, 2011 5:32am Feb 3, 2011 5:32am
Quoting PhAnTi'
thats up to your MM and S+R's.

3782 was good short entry, i would move SL to BE and start scaling out with +30.

that would be my line.
just for comparision.

That's it, as long as you have some kind of plan to safeguard some profits, you are doing better then most on this thread.
  • #378,651
  • Feb 3, 2011 5:33am Feb 3, 2011 5:33am
Quoting PhAnTi'
long scalp 3760. Sl 5, tp 10-15

lets see :nerd:

Bloomin' heck, you are stubborn today aren't you?
  • #378,652
  • Feb 3, 2011 5:34am Feb 3, 2011 5:34am
Quoting cloggie
You need to find your own entries, I can't tell you what to do; all depends on your MM and risk.

I just went through the setups here and what was happening to general direction and trend, the entries and exits are up to you.

I am not a signal service, just wanted to discuss the general direction to keep the guys/girls on the right side of the trend.
That's true! Since I haven't got that trained eye yet, I need some more confirmation. That's why I asked. I would have entered on 64, but do too my MM I may not open another trade. (in usd/jpy and swissy) And when I now see how it plays out, the 64 would have been a bad entry...
  • #378,653
  • Feb 3, 2011 5:36am Feb 3, 2011 5:36am
Quoting fr600
Guys, I have a question if you don't mind answering:

Let's say I went short at 1.3782 risking 10 pips and when I got around 20 pips I rushed into closing it. Was it a bad move given the current scenario?
think profit is profit though you can look at what cloggie is saying bout scaling out.there is a little retracement going on towards 1.3771,you could short that when it rejoins the downward route
  • #378,654
  • Feb 3, 2011 5:36am Feb 3, 2011 5:36am
Quoting cloggie
Bloomin' heck, you are stubborn today aren't you?
wanna fight the trend today

Hero calls followed by margin calls...
  • #378,655
  • Feb 3, 2011 5:36am Feb 3, 2011 5:36am
Quoting PhAnTi'
long scalp 3760. Sl 5, tp 10-15

lets see :nerd:
out +4 btw.
Hero calls followed by margin calls...
  • #378,656
  • Feb 3, 2011 5:37am Feb 3, 2011 5:37am
Quoting Stretch
That's true! Since I haven't got that trained eye yet, I need some more confirmation. That's why I asked. I would have entered on 64, but do too my MM I may not open another trade. (in usd/jpy and swissy) And when I now see how it plays out, the 64 would have been a bad entry...
Rather lose with confirmation than without it!!! Otherwise its just a guess blanc gamble....

Remember that!!!

This is by my opinion a rookie decision which i done yesterday once( sometimes the discipline just let go..).

Tempted short at 3773 hmmm
  • #378,657
  • Feb 3, 2011 5:37am Feb 3, 2011 5:37am
Quoting cloggie
Yup, why not take 1/3 of, protect the next 1/3 at a bit of money and let the last 1/3 run.

This only a rough scaling out method and you may want to finetune it a bit.

On my scaling in/out I can have dozens of trades going with different sizes and entries.
Thanks cloggie. I trade one micro lot lol, I'd like to be consistent before I put in more funds. But I'll note down what you said for the future when I raise the volume.

Quoting PhAnTi'
thats up to your MM and S+R's.

3782 was good short entry, i would move SL to BE and start scaling out with +30.

that would be my line.
just for comparision.
Thank you PhAnTi. I'm not very good with exits but I'll do that next time when we'll have a proper trend formed.
  • #378,658
  • Feb 3, 2011 5:38am Feb 3, 2011 5:38am
Quoting PhAnTi'
out +4 btw.
u must be on the blue thing today
  • #378,659
  • Feb 3, 2011 5:38am Feb 3, 2011 5:38am
Quoting fr600
Guys, I have a question if you don't mind answering:

Let's say I went short at 1.3782 risking 10 pips and when I got around 20 pips I rushed into closing it. Was it a bad move given the current scenario?
If you ask me,
just by asking that question tells me it was a bad idea...
  • #378,660
  • Feb 3, 2011 5:39am Feb 3, 2011 5:39am
Quoting kill56
u must be on the blue thing today
lol

why dont scalp the supports ^^
Hero calls followed by margin calls...
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