Cable Update (GBPUSD)
i picked a small short in 6340
tgt 6220
it is a so small position that with profits i will go to mcdonald sometimes
I'm nog a big fan of 17" laptops. It makes them inconvenient to carry around and they drain battery power much faster.
I think my next one will be a mac airbook 13" and for charts etc. I'll hook it up to some monitors
i picked a small short in 6340
tgt 6220
it is a so small position that with profits i will go to mcdonald sometimes
If you are trading against the trend, set more aggressive profit targets, don't reduce the size you are risking!
Why small? Why do you think that this short should have less weighting than all your other trades... because it is going against the trend? What is the trend and on which timeframe?
To be a successful Forex trader, you have to do things consistently. Wait for your edge, only trade when you see your signal, plan out the trade with exits, make sure that you risk the same amount each time and every time because each new trade is no different to any of your other trades that you executed.
If you are trading against the trend, set more aggressive...
im looking for the vostro 3750 with the 17inch screen and the 1650x900 ... should be enough screen space to put four charts.
...
http://www.dell.com/us/business/p/vostro-3750/pd
BTW look at what the slogan says..
I forgot.. this is the one has the numeric keypad... i need that to punch SL and TP
hi
yes a small amount coz was completely against trend n the only thing let me short it was the top of h1 channel.
i agree with you 100% but today i was more scared to pick the position than other days.
perhaps the reason is because my plan 4today was to buy it.
i think this is the first day in my trading life that i plan something, then i change my mind looking @PA
thks for the advice
will remember
even though I trade well enough for my goal I still have things to learn.many things actually and not about strategy but emotions.
could you please explain that phrase up there ?
it means to open a trade with the same size and same TP as in trend or to open with bigger size and shorter TP
What I mean with my phrase if trading against the trend is as follows -
You don't reduce the lot size, but instead reduce your SL. This means you are risking less but still using the same lot size that you always trade with.
What I mean by aggressive targets is that because you have reduced your SL (let's say from 50 pips to 20 pips) your targets are also shorter. For example a 3:1 is now just 60 pips and not 150 pips.
Each to their own and I don't advocate a certain method is better than other methods. You have to find out what works for...
Someone please en-light me if I'm wrong
I see Uptrend @16280
is it time to long now ?
how r u doin these days?
gonna mail you... got some questions
kind regards
jonas
