I trade by the concept of closing if price crosses over my line.
But I still have my SL in place .. its a 90 SL most of the time sized for 4.5% risk. I do that to have it as back up.
I am shoer GU since past week. the move was violet but i have enough space and then price retraced towards by direction.
The move on USDCHF was another deal!
Nice move.. those longing from previous weekly extreme but me raking about 700 to 1000 pips!!!!
PA, S/R, ZL, EXTREMES & MOMO
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I'm scalping mostly so I'm changing my bias quite often (I don't mind scalping counter trend I just change my position management). I'm trading with fixed stop (everything from 5 to 25) which is sized for 1 to 3% risk.
According to my plan there was a signal to go long before that strong move up. Only took 20+ though. Anyway I was sticking to my plan so I don't mind. I made about 4% on that move so I consider it a good trade.
Shorting that move was another story
According to my plan there was a signal to go long before that strong move up. Only took 20+ though. Anyway I was sticking to my plan so I don't mind. I made about 4% on that move so I consider it a good trade.
Shorting that move was another story
Last edited by paweldobkowski on Tue Sep 06, 2011 1:26 pm, edited 1 time in total.
- rob_deniro
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- newscalper
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Some markets are being sold back into the ground again
Was looking for long on retrace on cable but it's gone straight through.
Just sitting here watching these massive moves on the sidelines, yeah I saw the short entry but it's straight into levels where should be looking for longs.
Aussie looking promising for up though.
Was looking for long on retrace on cable but it's gone straight through.
Just sitting here watching these massive moves on the sidelines, yeah I saw the short entry but it's straight into levels where should be looking for longs.
Aussie looking promising for up though.
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- newscalper
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newscalper wrote:Yeah, I know. But if you were looking to get into a trade this morning on shorter TFs you wouldn't have been looking for a short now would you? Price is reaching that big daily MZ plus there's been the big move up this morning.
You'd be looking for long on a retrace..well I would anyway
my analisis
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