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  • #595,701
  • Feb 15, 2012 10:42pm Feb 15, 2012 10:42pm
Quoting mercy seat
Now we could load our beloved lower levels ...

And this has been happened as expected ...

See conversation with member "Fini" ...

#4224

At least I did tell my expectations ... correction up towards above 1.3100 with 1.3125 - 1.3150 as an extention at first ...

Lowest entry for the longside been executed with mine has been 1.3012 until now ...

Executed at 04h10 CET

Due to our proprietary execution and...

mercy,

I am thinking about using a similiar scaling in entry strategy.

I think you scale in at one level - then double in the next - then triple in the next which completes your desired position size.

I notice I am early a lot but most of the time my SL is far enough that it doesn't get hit.
  • #595,702
  • Feb 15, 2012 10:43pm Feb 15, 2012 10:43pm
next move 1.3052
  • #595,703
  • Feb 15, 2012 10:46pm Feb 15, 2012 10:46pm
Quoting betteridea
mercy,

I am thinking about using a similiar scaling in entry strategy.

I think you scale in at one level - then double in the next - then triple in the next which completes your desired position size.

I notice I am early a lot but most of the time my SL is far enough that it doesn't get hit.
Thats the way to go!
New voice message: Why are you calling me? If I need you, I'll call you!
  • #595,704
  • Feb 15, 2012 10:52pm Feb 15, 2012 10:52pm
where we going from here?
  • #595,705
  • Feb 15, 2012 10:58pm Feb 15, 2012 10:58pm
Trading Asian markets is most of the time a terrible mistake.
Asian women are great, but trading the markets takes so much energy that you have nothing left for the women.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #595,706
  • Feb 15, 2012 11:06pm Feb 15, 2012 11:06pm
Quoting KillerWhale
Trading Asian markets is most of the time a terrible mistake.
Asian women are great, but trading the markets takes so much energy that you have nothing left for the women.
And then Frankfurt reverses everything in just 15 minutes
New voice message: Why are you calling me? If I need you, I'll call you!
  • #595,707
  • Feb 15, 2012 11:19pm Feb 15, 2012 11:19pm
Quoting betteridea
mercy,

I am thinking about using a similiar scaling in entry strategy.

I think you scale in at one level - then double in the next - then triple in the next which completes your desired position size.

I notice I am early a lot but most of the time my SL is far enough that it doesn't get hit.
Hello comrade ...

Yes ... there are some specials that I do use sometimes ...

And yes ... you are right somehow ...

But overall it is the planning that does make the difference at all ...

Let's talk about later ...

I do like your grafic methods style ...

But I am thinking about how it could be with more efficiency in future days ...

That is no criticism ... only want to say it looks worthy to think about ...

Let's talk about later ...


2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #595,708
  • Feb 15, 2012 11:32pm Feb 15, 2012 11:32pm
iF TI BREAKS 3000 THEN IT WILL GO TO 2970 FIRST THEN UPWARD
narender sehrawat from india
  • #595,709
  • Feb 15, 2012 11:33pm Feb 15, 2012 11:33pm
Asian session, everybody like longing it.EU session,verybody like shorting it
Think Different
  • #595,710
  • Feb 15, 2012 11:40pm Feb 15, 2012 11:40pm
Interesting, EU is bouncing off the 23.6% fib and goes up.
How far? I'll let Frankfurt and London decide.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #595,711
  • Feb 15, 2012 11:40pm Feb 15, 2012 11:40pm
In case you are implementing some pivotal approach there in addition ...

Then you will see - that we will get a very fast move to the upside towards mid-point of a ZigZag retracement near 1.3043 and maybe later a move towards above DPP which is sitting at around 1.3100 atm ...

I've got no time now ...

Laters ...




;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #595,712
  • Edited Feb 16, 2012 12:20am Feb 15, 2012 11:42pm | Edited Feb 16, 2012 12:20am
getting board .......
think about next week...
this simplified picture shows my plan
  • #595,713
  • Feb 15, 2012 11:47pm Feb 15, 2012 11:47pm
Quoting mercy seat
A well meant advice from my side my dear ...

Never ever use a stop loss with less than 55 - 65 points ... unless you have learned specific methods that work out for you with more than 90% of real success ...

In forex a SL of 55 - 65 pips is what in real huge and wellknown trading rooms is commonly used as being a "tight stop loss" ...


;-|
Thanks for the advice
I will adjust my trading habbit with your suggestion!
Additional question..If my capital is not big(say, $10000)..should i adjust my SL to 30-40 to avoid a substantial loss?

and I would really like to know why volume matter less in forex when compared to stocks
  • #595,714
  • Feb 15, 2012 11:48pm Feb 15, 2012 11:48pm
I have a funny feeling about today, big move coming, better have SL to protect you...
  • #595,715
  • Feb 15, 2012 11:51pm Feb 15, 2012 11:51pm
Quoting sidhujag
I have a funny feeling about today, big move coming, better have SL to protect you...
most of us always have sl , No SL = pure gambling
Mohan
  • #595,716
  • Feb 15, 2012 11:52pm Feb 15, 2012 11:52pm
Let me give you all a hint:
http://www.fxstreet.com/rates-charts/usdollar-index/
  • #595,717
  • Edited Feb 16, 2012 12:19am Feb 15, 2012 11:54pm | Edited Feb 16, 2012 12:19am
Quoting seanpark
getting board .......
think about next week...
this simplified picture shows my plan
when trend is still foaming, there is few way to use the fibs...
  • #595,718
  • Feb 15, 2012 11:56pm Feb 15, 2012 11:56pm
Quoting seanpark
getting board .......
think about next week...
this simplified picture shows my plan
Correct me if I am wrong, but does a lower low mean the end of an uptrend?
  • #595,719
  • Feb 15, 2012 11:56pm Feb 15, 2012 11:56pm
Quoting KillerWhale
tight stops.
That is the only way to trade, at least in my experience.

Before trading live I tried everything under the sun ( 1year of demo )

The only factor that would make or break a strategy is how tight the stops were.
Having a good entry is nice, having a tight stop is nicer.
I've had plenty of days starting with 10 S/L hit in a row, yet ending up with a satisfying amount of green pips.

A good friend of mine and full time trader ( stocks ) since over 20 years, does just that: take a position with a tight S/L and moves it to B/E as soon as possible. He makes money on 30-35% of his trades only but never had a losing month in his career.

Of course having tight spreads is a must.
  • #595,720
  • Feb 15, 2012 11:57pm Feb 15, 2012 11:57pm
Quoting Kowalczyk
Let me give you all a hint:
http://www.fxstreet.com/rates-charts/usdollar-index/
Whats your hint... i've been saying this since december just the beginning dude
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