Reduced position weekly depending on your profit
Cut profit to zero and reduced the same from the existing position
OR
Close 20% at 1.2020 and open again at 1.2010 and book at 1.2020 to reduce position at zero loss.
If you still like to keep position open lower than upper.. and reduce losses
Ignored
Your strategy is good...
But I really think it will get to 1.203x this month.
Problem is on one of the accounts I have 4 pips spread and on the same one they reduced the swap as well. With proper swap I wouldn't care...
It's hard to scalp with a 4 pips spread.
I'm doing good scalping every day with a 2 pip spread on a different account.
Where you able to actually buy at 1.201?
With London being closed on monday there could be a run at the floor again.
Ignored
Really, London is closed on Monday?
I wonder why the chose to publish all those data with London closed...
Actually, if it goes down to the floor there will more chances for a break up I guess. Think how many will jump in at 1.20.... besides SNB who offers unlimited CHF quantities at 1.20...
i am just glad i took my losses and left this pair.
yes i did few scalps here after, but with no important profit. maybe 20% max that was my scalp profit.
to be honest, i dont care if it goes to 125 or 135. the right choice was to close my positions and now left for good.
keep an eye here for shorts only.
i dont think snb will left to be broken, but i think is possible to remove it next months.
Well.. when I posted my response it was doing that..
I hope someone read 3 plans.. to get out of this pair with zero loss
you have to choose the right one
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yeah, I read them all of them, good options. Just need patience and discipline and the should work.
I'll think over the weekend when I want to get out with half of my positions (1.202, 1.203x ...) ... I really think it will hit 1.203 soon . I think there is a new Jordan speech this month as well.
i am just glad i took my losses and left this pair.
yes i did few scalps here after, but with no important profit. maybe 20% max that was my scalp profit.
to be honest, i dont care if it goes to 125 or 135. the right choice was to close my positions and now left for good.
keep an eye here for shorts only.
i dont think snb will left to be broken, but i think is possible to remove it next months.
Ignored
well, anybody tends to think about what it will happen according to his/her actions...
I'm also sorry I didn't close at 1.203X , I could have scalp with full power...
yeah, I read them all of them, good options. Just need patience and discipline and the should work.
I'll think over the weekend when I want to get out with half of my positions (1.202, 1.203x ...) ... I really think it will hit 1.203 soon . I think there is a new Jordan speech this month as well.
Ignored
Seriously, this pair will break out soon.
The fact that it still don't move and remain in a range more and more little, add only power to what will be the move innescated by the breakout.
In other words, the less it move now, the more it will move later.
Exit for 10-20pips of profit imo is a very stupid (forgive me, really i'm not looking to offend nobody, there is absolutely nothing personal on anything i write) a trader can do.
There are two things that make profit, and that a trader/investor should do in order to make money:
yeah, I read them all of them, good options. Just need patience and discipline and the should work.
I'll think over the weekend when I want to get out with half of my positions (1.202, 1.203x ...) ... I really think it will hit 1.203 soon . I think there is a new Jordan speech this month as well.
Ignored
Well your positions are at good point and you can live with it
You can plan to get out or even hold.. risk reward is still in your favor.
Plan is for everyone 1.2050 and UP who are struck with high leverage and can't trade.
well, anybody tends to think about what it will happen according to his/her actions...
I'm also sorry I didn't close at 1.203X , I could have scalp with full power...
Ignored
no is just that for this pair i cant be very optimistic as SNB acts that way. i dont feel comfortable to open even a small long position now.
leaving this pair gave me space and clear mind for other trades with volatility that pay well.
for this my strategy is to use sell orders if it pullbacks. for example if ever go to 121+ i will put sell oreder at 12085 or if it goes 12055 and stay there for few days, i will put sell order for 12025.
cause i think that peg soon or later will be removed. it might take months, but it wont stay there for ever.
