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EURUSD

  • #485,661
  • Jul 11, 2011 7:14am Jul 11, 2011 7:14am
...from March 2011.

Take a look!

http://thekingdomofforex.blogspot.co...-shorting.html

  • #485,662
  • Jul 11, 2011 7:17am Jul 11, 2011 7:17am
Quoting aizazk
Interesting haha, seems like we use the same timeframes - except you are a better trend trader than i am. I've been taking swings lately and usually with one position (10k units), hence why I couldn't let some of them run. Good luck!

I found it much easier to ride a trend when I could take some profit right away. I started to increase my trade size so that I could take 25% or 50% off the table and if it reversed I lowered my risk.

Now I trade in multiples of 4 and it is large enough so that reducing exposure by 50% not only gives me a decent profit but makes it worth while to let the remaining 50% ride. Slowly reduce your trade where you feel comfortable and leave a runner on with a stop where you would reverse your trade.

Not the easiest thing to get comfortable with but I found it works well for me.
  • #485,663
  • Jul 11, 2011 7:19am Jul 11, 2011 7:19am
Hi,

Does anyone here trade using FXCM ActiveTrader? I'm having serious problems with the platform tonight. I had a buy order scalp 3 hours ago and only just now (less than a few mins ago) they filled it but at the previous 3 hour price?? Ok so I try to close but can't??
  • #485,664
  • Jul 11, 2011 7:20am Jul 11, 2011 7:20am
Quoting kiwidoc
Hi,

Does anyone here trade using FXCM ActiveTrader? I'm having serious problems with the platform tonight. I had a buy order scalp 3 hours ago and only just now (less than a few mins ago) they filled it but at the previous 3 hour price?? Ok so I try to close but can't??
Call them immediately and get that sorted.
  • #485,665
  • Jul 11, 2011 7:21am Jul 11, 2011 7:21am
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  • #485,666
  • Jul 11, 2011 7:22am Jul 11, 2011 7:22am
Quoting freemen
I have sell 1.4182 3mini lots and 1.4121
I like this oneway train...

Only small problem for beginer where take profit out of market???
I`m out
Close 1.4068 and 1.4070
113 and 51 pipps in the poket
Once scalper always scalper
  • #485,667
  • Jul 11, 2011 7:23am Jul 11, 2011 7:23am
Some support @ 4050. Divergence in RSI. Option barrier?
  • #485,668
  • Jul 11, 2011 7:24am Jul 11, 2011 7:24am
Quoting Mr. Aldi
Some support @ 4050. Divergence in RSI. Option barrier?
yes...
Look Sharp/Trade Tight
  • #485,669
  • Jul 11, 2011 7:25am Jul 11, 2011 7:25am
I was pondering this thought before I made this scalp this morning
Attached File(s)
File Type: pdf Replace the word if with when.pdf   102 KB | 396 downloads
  • #485,670
  • Jul 11, 2011 7:26am Jul 11, 2011 7:26am
Quoting PayTheLimit
yes...
Then 1.4033 and 1.4002/1.4000 Mofu ?
RichieEU
  • #485,671
  • Jul 11, 2011 7:27am Jul 11, 2011 7:27am
watching 1.40164...might be a good bounce...all be it a dead cat...LOL
  • #485,672
  • Jul 11, 2011 7:28am Jul 11, 2011 7:28am
Quoting Hawk2
I found it much easier to ride a trend when I could take some profit right away. I started to increase my trade size so that I could take 25% or 50% off the table and if it reversed I lowered my risk.

Now I trade in multiples of 4 and it is large enough so that reducing exposure by 50% not only gives me a decent profit but makes it worth while to let the remaining 50% ride. Slowly reduce your trade where you feel comfortable and leave a runner on with a stop where you would reverse your trade.

Not the easiest thing to get comfortable...
I know what you mean, but from some of the trades I take, I can't afford to risk more than I should to enter with at least 2 positions. In trending cases, I would normally look for a pause way below any original positions, in order to add - that is if there aren't support/resistance nearby.

I just closed my positions for now. It doesn't look wise for me to risk about 50 pips to let it run to 1.400. I feel 1.4 is an important level to watch for, it's round number + the daily 200 EMA levels around, which normally works in big ways. If there will be any retrace, it should be off of that level. If not then, damn, this thing is going much lower than we anticipated, faster.
Trends, breakouts, price action.
  • #485,673
  • Jul 11, 2011 7:31am Jul 11, 2011 7:31am
D1 200 EMA hit
  • #485,674
  • Jul 11, 2011 7:31am Jul 11, 2011 7:31am
Quoting gatorinla
4152/55 another. r/r should be followed with tight stop. usdx not getting near but not above 7595/98..
i took this one. s/o my b.e., other short scalp. still running.. 200+ green
those who can, do. those who cant, talk about those who can
  • #485,675
  • Jul 11, 2011 7:33am Jul 11, 2011 7:33am
Quoting RichieEU
Then 1.4033 and 1.4002/1.4000 Mofu ?
I have 3997/4041 as a weekly one, we are testing it right now...
Look Sharp/Trade Tight
  • #485,676
  • Jul 11, 2011 7:33am Jul 11, 2011 7:33am
Quoting Mr. Aldi
Are you biased?
yes.. my charts are too. are you?
those who can, do. those who cant, talk about those who can
  • #485,677
  • Jul 11, 2011 7:35am Jul 11, 2011 7:35am
150 pips in a morning! Just gotta position myself nicely for a long on the inevitable retrace.. easy moneys
Not on the rug!
  • #485,678
  • Jul 11, 2011 7:35am Jul 11, 2011 7:35am
Quoting gatorinla
i took this one. s/o my b.e., other short scalp. still running.. 200+ green
U added to your short there?
  • #485,679
  • Jul 11, 2011 7:36am Jul 11, 2011 7:36am
Quoting aizazk
I know what you mean, but from some of the trades I take, I can't afford to risk more than I should to enter with at least 2 positions. In trending cases, I would normally look for a pause way below any original positions, in order to add - that is if there aren't support/resistance nearby.

I just closed my positions for now. It doesn't look wise for me to risk about 50 pips to let it run to 1.400. I feel 1.4 is an important level to watch for, it's round number + the daily 200 EMA levels around, which normally works in big ways. If there will...
Sounds like you have a good handle on it and understand your limitations. Good show..
  • #485,680
  • Jul 11, 2011 7:37am Jul 11, 2011 7:37am
Quoting gatorinla
yes.. my charts are too. are you?

Nice catch Gator.

If it breaks 1.40 what are you showing as your next support?
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