Disliked{quote} I fully agree with you on that, but I was not using M5 to forecast trend. Only to look for best entry to go long.Ignored
Trade your plan.
Cable Update (GBPUSD)
- #356,902
- Dec 30, 2013 9:49am Dec 30, 2013 9:49am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #356,909
- Dec 30, 2013 10:39am Dec 30, 2013 10:39am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #356,910
- Dec 30, 2013 11:11am Dec 30, 2013 11:11am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
If the B wave is now in, then new level to buy from is (Wave C) 1.6411
Not confirmed yet, but looking likely.
G/U H4
Not confirmed yet, but looking likely.
G/U H4
Those who say it cannot be done should not interrupt those who are doing it
- #356,912
- Dec 30, 2013 11:26am Dec 30, 2013 11:26am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Green is the buy zone for me.
G/U H1
G/U H1
Those who say it cannot be done should not interrupt those who are doing it
- #356,913
- Dec 30, 2013 11:30am Dec 30, 2013 11:30am
- | Joined Aug 2007 | Status: Trading make u smarter. | 1,230 Posts
- #356,914
- Dec 30, 2013 11:34am Dec 30, 2013 11:34am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #356,918
- Dec 30, 2013 1:01pm Dec 30, 2013 1:01pm
Is it typical language to say "Add one more long?" Or like someone said earlier, they have 8 shorts. Is this an actual number? For example, when I buy and sell, I tend to do so with as low as 10,000 or as high as 100,000 lot's at a time. When someone says "Add one more long" do they mean buy another 10,000?
In my case my maximum risk -2%, -3% for whole loss.
At the moment my max loss +12% at 6401 if sudden drop to. If slow motion when one 4H candle could close under ~6437 i will close all longs.
But later i would like to add one more long which size is 0.92 Lot by my 8K account. 1 Lot = 100K at my broker....
Sorry for my poor english
Good luck!
Anything is math!
- #356,919
- Dec 30, 2013 1:07pm Dec 30, 2013 1:07pm
- | Joined Aug 2007 | Status: Trading make u smarter. | 1,230 Posts
{quote} It is depending on size of your account and risk you can afford to. In my case my maximum risk -2%, -3% for whole loss. At the moment my max loss +12% at 6401 if sudden drop to. If slow motion when one 4H candle could close under ~6437 i will close all longs. But later i would like to add one more long which size is 0.92 Lot by my 8K account. 1 Lot = 100K at my broker.... Sorry for my poor english
yesterday got pounded hard at gold losing 7% in 2 trades, both sls were hitted but then later tp was hit.
one resolution for new year will be to learn more about stop losses, sometimes they are necessary but sometimes they work the opposite way and add losses.
