Billytt Die happy trading e/j daily breakout

Quoting turnip15

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{quote} Don't ask me - I follow Claudia, Billy and Lem. My approach is to pick a point and stand a couple of pips in front of the train so that I get swept up rather than jump on early. Lem has an easier approach to stops if you read his posts but stops are a personal thing and you have to be able to change your mind ( go short from your original long etc) rather than hang on and get into deeper water. A stop is just somewhere you admit to being wrong ( including levels etc). You don't need moving averages even if I hang onto them out of...

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Quoting lemercenaire

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Oh...and Claudia...Thank you sooooooo much, lol! XAUUSD {image}

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Quoting claudia1

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Interesting week ahead lots could happen. Looking at gold again. Started with the monthly chart which is unusual for me but it tells a story. Chart is missing to the left as it is way down south. Anyway look where we are - big drop for the month so far and sat at a huge round number. Pull back then more down? If it does go again next target is clear enough. Hi Billy. {image}

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Quoting lemercenaire

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A more-than-usually-active start-day to the week. No matter which pair you chose today, you would have bagged your +5 and if you picked a GBP pair, AUDNZD or my growing favourite, CADJPY, a whole lot more... EURJPY {image} USDCAD {image} AUDUSD {image} USDNOK {image} GBPNZD {image}

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Quoting wannalearn12

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{quote} Lem do you wait a specific amount of time before you set up your orders?

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Quoting wannalearn12

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{quote} Lem do you wait a specific amount of time before you set up your orders?

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Quoting lemercenaire

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{quote} I suppose there is also the possibility that setting stop orders at the BreakOut limits of the zones could make sure you don't miss any but I think if you are having trouble and missing entries, then you are running too many pairs anyway. Setting orders would inevitably get you into situations where eight trades would hit at once and you'd have a seizure trying to set/move all your stops to lock in your +5s!

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Quoting TooSlow

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{quote} You can set your TP to BE+5 when you place your orders.

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Quoting lemercenaire

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{quote} Yeah, you could but then you miss out on the runners you get by wrangling them manually c/w a moved stop. Horses for courses, I suppose.

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