MightyOne wrote:You really need to just cut your losses short and get out of these trades when they picture changes.
A good number of times price will continue in the direction that it re-entered a cone; if it looks like it re-entered from two directions then choose the direction in which price closed over something.
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I agree. There are always more trades. PRO should stop being so stubborn and try to get the account over $800 as a goal. Baby steps!
I do not sell, only BUY.
Which is why I recently ditched a few pairs. I only trade in the direction of + float.
So why would I close such a small position? I can trade long any time I wish. Plenty of margin avail.
Hey Mr. green rat. Not sure what pairs you do trade, but if I were only taking longs I would be looking at G/U the most this week. I'm bearish on most yen pairs. Maybe glance at E/J and ride a quick reversal. You will add a zero to your account eventually.
Problem: In order to do great things, you must be willing to take risks. But your ability to accept risk in your life is genetically pre-determined, and if you don’t have the right gene, then you’re “risk handicapped.”
aliassmith wrote:I agree. There are always more trades. PRO should stop being so stubborn and try to get the account over $800 as a goal. Baby steps!
I do not sell, only BUY.
Which is why I recently ditched a few pairs. I only trade in the direction of + float.
So why would I close such a small position? I can trade long any time I wish. Plenty of margin avail.
Hey Mr. green rat. Not sure what pairs you do trade, but if I were only taking longs I would be looking at G/U the most this week. I'm bearish on most yen pairs. Maybe glance at E/J and ride a quick reversal. You will add a zero to your account eventually.
These, not GU, but mainly AJ.
Screenshot_2016-06-12-22-50-32.png (159.75 KiB) Viewed 2284 times
See the difference in available leverage?
My account size max pip value.
$2.40 a pip for GU
$3.00 a pip for aud.
Screenshot_2016-06-12-22-52-41.png (157.17 KiB) Viewed 2284 times
$4.80 a pip for NU
Screenshot_2016-06-12-22-52-46.png (152.88 KiB) Viewed 2284 times
Which is why I recently ditched a few pairs. I only trade in the direction of + float.
So why would I close such a small position? I can trade long any time I wish. Plenty of margin avail.
Hey Mr. green rat. Not sure what pairs you do trade, but if I were only taking longs I would be looking at G/U the most this week. I'm bearish on most yen pairs. Maybe glance at E/J and ride a quick reversal. You will add a zero to your account eventually.
These, not GU, but mainly AJ.
Screenshot_2016-06-12-22-50-32.png
See the difference in available leverage?
My account size max pip value.
$2.40 a pip for GU
$3.00a pip for aud.
Screenshot_2016-06-12-22-52-41.png
$4.80 a pip for NU
Screenshot_2016-06-12-22-52-46.png
Don't forget to factor in volatility. I rather trade something that moves 200 pips a day for a $1 a pip, then a pair that moves 100 pips but for $2 a pip. You have the chance to make more and risk less on a trade and will probably have more and better trades to choose from.
I try to stay away from anything under 100 daily ATR. Exceptions are made for I cant miss this HTF trade. EJ, EA and GU are my holy trinity. Low spreads, good movement and they rarely move together. Also you can always trade at least one when ever this is news for a one of the pairs. Then GJ is my good ole big moving how many pips do you want pair. Then I have 12 more on stand by just incase.
v8power wrote: Hey Mr. green rat. Not sure what pairs you do trade, but if I were only taking longs I would be looking at G/U the most this week. I'm bearish on most yen pairs. Maybe glance at E/J and ride a quick reversal. You will add a zero to your account eventually.
These, not GU, but mainly AJ.
Screenshot_2016-06-12-22-50-32.png
See the difference in available leverage?
My account size max pip value.
$2.40 a pip for GU
$3.00a pip for aud.
Screenshot_2016-06-12-22-52-41.png
$4.80 a pip for NU
Screenshot_2016-06-12-22-52-46.png
Don't forget to factor in volatility. I rather trade something that moves 200 pips a day for a $1 a pip, then a pair that moves 100 pips but for $2 a pip. You have the chance to make more and risk less on a trade and will probably have more and better trades to choose from.
I try to stay away from anything under 100 daily ATR. Exceptions are made for I cant miss this HTF trade. EJ, EA and GU are my holy trinity. Low spreads, good movement and they rarely move together. Also you can always trade at least one when ever this is news for a one of the pairs. Then GJ is my good ole big moving how many pips do you want pair. Then I have 12 more on stand by just incase.
EJ was my fav for a few years when it was 1.2 pip spread and we had 400:1 margin. Haha
I cant miss this HTF trade. EJ, EA and GU are my holy trinity. Low spreads, good movement and they rarely move together. Also you can always trade at least one when ever this is news for a one of the pairs. Then GJ is my good ole big moving how many pips do you want pair. Then I have 12 more on stand by just incase.
