EDIT: Out at 5 min momo down 1.6214
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Fxtraveller wrote:hm hm, 15 pips out of a 100 pip move on GU.... oh well, Im in the middle of exam period, thats my excuse =] this burning thought 'damn ! i could have held for so much longer!!!' ...... I keep repeating that another day will bring another opportunity
aliassmith wrote:Fxtraveller wrote:hm hm, 15 pips out of a 100 pip move on GU.... oh well, Im in the middle of exam period, thats my excuse =] this burning thought 'damn ! i could have held for so much longer!!!' ...... I keep repeating that another day will bring another opportunity
I usually see people having the issue you have because they enter
with one order. People with one order look at the profits and think about
what they will lose if it goes back on them, having no other options.
I suggested to a client of mine to use multiple orders so he can take
off one order when he gets that "mouse clicking feeling" and "play"
with the other order.
He was intimidated with doing it at first, but likes the flexability.
You can think about the first order as the "bread and butter" and the
other as your "bonus".
Some people can handle "all in" and "all out' then others can't.
I personally am a multiple order guy.
dragon33 wrote:aliassmith wrote:Fxtraveller wrote:hm hm, 15 pips out of a 100 pip move on GU.... oh well, Im in the middle of exam period, thats my excuse =] this burning thought 'damn ! i could have held for so much longer!!!' ...... I keep repeating that another day will bring another opportunity
I usually see people having the issue you have because they enter
with one order. People with one order look at the profits and think about
what they will lose if it goes back on them, having no other options.
I suggested to a client of mine to use multiple orders so he can take
off one order when he gets that "mouse clicking feeling" and "play"
with the other order.
He was intimidated with doing it at first, but likes the flexability.
You can think about the first order as the "bread and butter" and the
other as your "bonus".
Some people can handle "all in" and "all out' then others can't.
I personally am a multiple order guy.
I'm not but i do play with a programmed strategie on dukascopy. When i trigger +8 pips the strategy put the SL at +1.

dragon33 wrote:aliassmith wrote:Fxtraveller wrote:hm hm, 15 pips out of a 100 pip move on GU.... oh well, Im in the middle of exam period, thats my excuse =] this burning thought 'damn ! i could have held for so much longer!!!' ...... I keep repeating that another day will bring another opportunity
I usually see people having the issue you have because they enter
with one order. People with one order look at the profits and think about
what they will lose if it goes back on them, having no other options.
I suggested to a client of mine to use multiple orders so he can take
off one order when he gets that "mouse clicking feeling" and "play"
with the other order.
He was intimidated with doing it at first, but likes the flexability.
You can think about the first order as the "bread and butter" and the
other as your "bonus".
Some people can handle "all in" and "all out' then others can't.
I personally am a multiple order guy.
I'm not but i do play with a programmed strategie on dukascopy. When i trigger +8 pips the strategy put the SL at +1.
adaseb wrote:Dragon33
I have been reading your old posts because I am trying to find out how you trade exactly.
Do you still do the dynamic S/R with multi candle color integrated into the ZL trades?dragon33 wrote:aliassmith wrote:Fxtraveller wrote:hm hm, 15 pips out of a 100 pip move on GU.... oh well, Im in the middle of exam period, thats my excuse =] this burning thought 'damn ! i could have held for so much longer!!!' ...... I keep repeating that another day will bring another opportunity
I usually see people having the issue you have because they enter
with one order. People with one order look at the profits and think about
what they will lose if it goes back on them, having no other options.
I suggested to a client of mine to use multiple orders so he can take
off one order when he gets that "mouse clicking feeling" and "play"
with the other order.
He was intimidated with doing it at first, but likes the flexability.
You can think about the first order as the "bread and butter" and the
other as your "bonus".
Some people can handle "all in" and "all out' then others can't.
I personally am a multiple order guy.
I'm not but i do play with a programmed strategie on dukascopy. When i trigger +8 pips the strategy put the SL at +1.
aliassmith wrote:dragon33 wrote:aliassmith wrote:Fxtraveller wrote:hm hm, 15 pips out of a 100 pip move on GU.... oh well, Im in the middle of exam period, thats my excuse =] this burning thought 'damn ! i could have held for so much longer!!!' ...... I keep repeating that another day will bring another opportunity
I usually see people having the issue you have because they enter
with one order. People with one order look at the profits and think about
what they will lose if it goes back on them, having no other options.
I suggested to a client of mine to use multiple orders so he can take
off one order when he gets that "mouse clicking feeling" and "play"
with the other order.
He was intimidated with doing it at first, but likes the flexability.
You can think about the first order as the "bread and butter" and the
other as your "bonus".
Some people can handle "all in" and "all out' then others can't.
I personally am a multiple order guy.
I'm not but i do play with a programmed strategie on dukascopy. When i trigger +8 pips the strategy put the SL at +1.
I thought that was a good idea before, until MightyOne revealed his zero
line concept. Then I figured that most of the time I would be zeroed out
after moving to BE.
I tend to like the multiple orders similar to PeterCrowns or James16 MM
or the three orders similar to what MightyOne was talking about. Either
way it is about letting the last order run for what you can get to improve your R/R.
Just something to think about for traders that have "psychological" issues with holding a single order.