Trade with discretion, only trade in areas that are extremely likely to reverse or move 100+ pips
Only enter in areas that will allow me recover is price goes against me
Patience is key, take screen shots of all scenarios
"Break aways" from peak and valleys
Extreme pullbacks with EMA cross still in tact
Keep positions to a manageable size that would allow me to add to recover if needed
Position Management: At end of month or mid month when I am up with my closed positions start getting rid of some larger losing positions, being sure to keep my positive numbers up
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Joined May 2014
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Status: Learn from market
|26 Posts
Your trade on NZD/JPY recently can be affected by the Australia news coming next days. On technical view you enter a short in this area is quite safe, but also take a look on the news release schedule for your advance.
Great seeing you have a similar chart set up with me.
Your trade on NZD/JPY recently can be affected by the Australia news coming next days. On technical view you enter a short in this area is quite safe, but also take a look on the news release schedule for your advance. Great seeing you have a similar chart set up with me.
Ignored
Hi there, yes, I hear you, but I don't pay much attention to news. I'd like to take rather quick profits if it price falls soon, while keeping a position or even half a position open for the longer haul if possible.
Was very aggressive in my trading last night and opened and closed many NJ positions for about $150. I have one position still remaining. Also closed out USDCHF for $100, and EURGBP for about $15. Opened a couple other longer term in other pairs that are about even. Up about $600 total so far. Finding it incredibly difficult to keep up with posting my chart here. I do find it extremely helpful to review my trades but I just can't keep up. I will likely just post charts and positions when I have time and one's that I would like to keep for reviewing down the road. I do keep a detailed spread sheet to track every single trade, but pics are helpful for reviewing.
Open trades are in solid black, only 3 left. I will post charts on two of these next as I I'd like to hang onto these if possible longer term and having the reference point is good.
So I'm letting the 3 open position sit for now, haven't place any further trades since Wednesday. My floating equity is positive and if it stays that way will provide a buffer for next weeks trading. I still need to get to the charts, will hopefully do that end of day today.
