diceman555 I've joined your team. 1st part closed at +7.4p, 2nd at +11.2. Stop is at -4.8p. Not all of my trades today are winners. I have two 5 pips stops hit.
enjoyed the video,congrtats on also banking some pips today,im still sitting on cable with my stop at 43,waiting to see which way newyork goes,
regards
william
you sometimes close position because stock turning in the opposite direction. What would constitute a "turn" in the stock? Say, stock moved 10 pips in the direction opposite to the trade, would you close position? Or "turn" is a sequence of several minutes that stock moving in wrong direction? How much is enough to close position?
you sometimes close position because stock turning in the opposite direction. What would constitute a "turn" in the stock? Say, stock moved 10 pips in the direction opposite to the trade, would you close position? Or "turn" is a sequence of several minutes that stock moving in wrong direction? How much is enough to close position?
Ignored
I can't tell exact numbers. It's rather pips than minutes.
Two more STEs. The one off 50 EMA finished with a 5 pips loss. The second one is OK for now. First and second parts closed for 5 and 6 pips profit. Last part is left with 5 pips stop and 25 pips target.
had a busey day today and only just returned .i had buy orders placed this morning for cable at 16108,closed this very minute at 16202.i also had buy order on ftse100 at 5645,but didnt get filled as price turned at 47 level.these orders were placed as price action and circumstances were identical to fridays almost to the very pips.same pattern of behavour prior to the buying .it could have been fridays all over again,talk about du va jue ,is that the right word,both bounced at there respected supports ,3rd time,both in harmony.if only it was like this everyday,ill be expecting a kick up the arse soon
regards
william
it looks like all your trade setups are counter-trend, i.e. you trade against latest move of the price. Do you have setups for trading in the direction of the latest price move?
it looks like all your trade setups are counter-trend, i.e. you trade against latest move of the price. Do you have setups for trading in the direction of the latest price move?
Ignored
My trades are in the direction of the trend, but my entries are after retracement. I don't trade breakouts.
How do you define trend? You took trade today in E/U, and on 10-min chart I can't see any trend. From 16:30 to 18:30 price dropped 60 pips, then it moved up 60 pips... Which chart do you watch (timeframe) when you try to determine direction of trend?
How do you define trend? You took trade today in E/U, and on 10-min chart I can't see any trend. From 16:30 to 18:30 price dropped 60 pips, then it moved up 60 pips... Which chart do you watch (timeframe) when you try to determine direction of trend?
Ignored
I use the EMAs to define the trend and its direction.
