DislikedThis was a good setup earlier but I'm not able to trade. Anyway, have a nice weekend guyz! {image}Ignored
Allow me to chip in a little.Looks like you are a new trader.Trading is challenging and as new trader you should try minimizing your risk.
One way to do is avoid trading crosses specially all G crosses in particular GN GA GJ
Why is this? For one they are fast!! Typical stops of 15-20pips does not work because one small spike can reach 50pips in flash.
When you start body building you start with weights that you can comfortable handle.One does not place 150LB push ups when one can only lift 50lb.Time needed to get stronger.Trading is same.Avoid crosses until you are confident what you are doing.
Personally I trade 95% majors and 5% crosses.Why? Spread,volatility does not suit me.I am sure others do well but trying to give you insight
GU travel average 100pips a day
GN close to 300
Think which one you make a mistake will hurts you the most.Professional traders think about risk 1st.Rookies and most retail traders think profits 1st.Risk must be a priority number 1! that is capital preservation.
I think I said enough rest is up to you.
regards
In trading, you have to be defensive and aggressive at the same time