Annoyance on my part
Big news at 12.15 so would be idea to take partial profits if long
Big news at 12.15 so would be idea to take partial profits if long
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Dislikedwhen trading with pending orders you should spray 2 or 3 trades with small gaps to guarantee your entry & not damn for 1 pip miss.
but.......
the problem is
when MKT is your direction you probably will miss some of them so your entry will be lets say with %50 planned risk.
no problem. profit is profit.
on the other hand when MKT is against you it will trigger your all pending orders & then will stop out.
so in that situaiton your loss will be %100 risk planned.
roughly
win %50
loss %100
better to wait & trade with MKT...Ignored
Dislikedhttp://www.sierrachart.com/userimage...5177006694.png
http://www.sierrachart.com/userimage...1770081834.png
Missed this entry by a few pips, just need the news to be nice fo further move upwardsIgnored
DislikedAnnoyance on my part
Big news at 12.15 so would be idea to take partial profits if longIgnored
Dislikedif you missed that entrys due to pending orders thats normal.
instead of doing it yourself ( any reason working, sleeping,.......) you are waiting to be happen by a single entry.
pending orders are dangerous!!!Ignored
DislikedAnnoyance on my part
Big news at 12.15 so would be idea to take partial profits if longIgnored
DislikedSteve, I set a level that I wanted price to retrace to before entering, which was 1.2929.
Tomorrow is another trading day, when missing entries by just a few pips it's good to reassure yourself that you're getting the levels right, and sometimes they will get hit, sometimes they won't...Ignored
DislikedWhat do you mean, from my platform? I try to go for exact entries, when they work they're spectacular. Having said that, I trade 2 timeframes: intraday using 4 hour/30min for levels, then drilling down to 15 min/10 min/5/min/2 min looking for divergence at these key levels.
But the eurusd trade for me was 1 based off the 4 hour/1 hour supply/demand zones, and with these I look for divergence off a longer timeframe.
The shortest I will go is 10 mins. As it was a longer term timeframe trade, I should have been less aggressive with my entry area...Ignored
DislikedWell as I trade with such tight stops I tend to try to be more precise, but made the mistake this a.m. of using tight intraday trading rules dictate a longer term trade, which should also result in a bit more wiggle room for entry/stop levels etc. Think the + and -5 pips rule is a good idea for these longer trades...Ignored
DislikedLong @ 2950
1/2 NS
will add more with lower levels
Dead line 2922Ignored