Breaking out.
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DislikedWould like your opinion on this one LG. The next resistance at 1.32471Ignored
DislikedAloha Kaka-hiaka
LG - my screen is showing the period separation different than the one you just posted for the GU pair. The difference is your separation is 2 hours (1H chart) before mine. This happens on all the charts you post vs mine. Accordingly to IBFX, the period is set for GMT & the separations refelct 00 on the time bar at bottom. Gonna attempt to submit a pic of what I'm seeing...here goes --Ignored
DislikedLG uses FXDD whose daily close is at 5pm est (I think). IBFX day starts at 7pm est. If you want to follow along with her, start your 4 hour breakout 2 candles prior on IBFX.Ignored
DislikedI am looking to enter this trade, rbh. Just waiting for next M15 candle to close and new one to open green.Ignored
DislikedThank you llambert...that is the most concise and best explanation I have heard of the difference between charts... and there have been many discussions here on that subject.Ignored
DislikedLG uses FXDD whose daily close is at 5pm est (I think). IBFX day starts at 7pm est. If you want to follow along with her, start your 4 hour breakout 2 candles prior on IBFX.Ignored
DislikedFor arguments sake, lets say 1 pip= 1.00, and you lose 10 pips ($10.00). Do you double your purchase size to try to make your pips back quicker, or do you stay the course, and keep your purchase size the same no matter what? ThanksIgnored
DislikedI tried that early on...lost a bundle. I now consider that a desperation tactic, but I know there are whole trading systems out there that advocate doing just that. I would love to hear what other people have to say about it.
What I often do though is have more than one trade open on a trend that is going for awhile...like EURUSD did a few weeks ago and EURGBP recently. That is very exciting, but market has not been trending for awhile.Ignored
DislikedThanks LG. I would like to hear what others have to say about this. In college we used to play blackjack...a lot and that was part of the money mgmt system we used, and it was very successful, but I'm not sure if it would apply to trading.
(Sorry this is off topic)Ignored
DislikedHow far back do you go when looking at charts? I usually take short term trades (a day or so), so how far back would I go? Thanks again!Ignored
DislikedI'm not sure what you mean...how far back to look for current set ups? Or how far back to study charts?
I study charts on the weekends...look for BOs on a few pairs, as well as 3 Tap trades. I go back as far as I have time to go. Studying charts always convinces me that watching only a few charts for all set ups is the best way to go and a good living can be made from just a few pairs.Ignored
DislikedI'm not sure what you mean...how far back to look for current set ups? Or how far back to study charts?
I study charts on the weekends...look for BOs on a few pairs, as well as 3 Tap trades. I go back as far as I have time to go. Studying charts always convinces me that watching only a few charts for all set ups is the best way to go and a good living can be made from just a few pairs.Ignored
DislikedMartingale is for gamblers, not traders. Traders cut their losses and get out to fight another day.Ignored