Watching Kiwi for a rounded retest at 0.8053
Attached Image (click to enlarge)
Been stopped out, feel it was right thing to do, after bouncing off the first FTA. 0.9R+ {image}
Good to see some action on this thread, I have been surprised how dead it went. Is there a skype group that everyone has moved to or something? After doing the whole moving around 100000 strategys thing this is definitely what I am going to focus on now and keen to discuss with others...
{quote} This is exactly why Tom says not to move to BE
{quote} +0.9R is not BE imo, after it coming off the first FTA area, would be crazy to hold on and take a full 1R loss(as it played out).
Yeah im not saying it is a BE result but Tom is a big advocate of not moving the stop to BE. Im sure I have read that alot of the time he will take off half at FTA and half at next significant S/R.
Anyway up to you what you do of course im just repeating what Tom stresses (at least I hope I am!)
{quote} Hi mate, Yeah im not saying it is a BE result but Tom is a big advocate of not moving the stop to BE. Im sure I have read that alot of the time he will take off half at FTA and half at next significant S/R. Anyway up to you what you do of course im just repeating what Tom stresses (at least I hope I am!)
- #5,694
- Aug 8, 2013 5:48am Aug 8, 2013 5:48am
{quote} Good to see some action on this thread, I have been surprised how dead it went. After doing the whole moving around 100000 strategys thing this is definitely what I am going to focus on now and keen to discuss with others...
Whatever a traders personal thoughts on the BE move are, I think that it's certainly around this subject of MM that we "traders" need to get it right, and that's where the journal comes in.
Nice AU chart streetlight
