LeMercenaire wrote:I'm Long on CJ. Entry on the H4.
I think that I see your set-up.
Do you have a target in mind?
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LeMercenaire wrote:I'm Long on CJ. Entry on the H4.
aliassmith wrote:Tip:
One advantage of Currencies is that multiple orders are not averaged together.
To take advantage of this and get around FIFO put multiple orders in with different sizes.
So order 1 would be 1.00
order 2 would be 1.01
order 3 would be 1.02
The advantage with this is you will be able to close orders when you want without FIFO
being and issue.
Now that you are using different order sizes you would be able to scalp around long timeframe
trades. If you took a trade off of the Daily chart and you see something in the same direction
on the 15 minute timeframe you can trade that short timeframe trade and leave your longer trade
run.
aliassmith wrote:Tip:
One advantage of Currencies is that multiple orders are not averaged together.
To take advantage of this and get around FIFO put multiple orders in with different sizes.
So order 1 would be 1.00
order 2 would be 1.01
order 3 would be 1.02
trojoh68 wrote:LeMercenaire wrote:I'm Long on CJ. Entry on the H4.
I think that I see your set-up.
Do you have a target in mind?