Well done. Euro should have further to go.(but I could be wrong)
oildaytrader
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Will wait for a pullback for re-entry and also join the trends with small stops on zupconite day trader when they happen .
Don't know, honestly.
oildaytrader
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Flash
How about a short on usd yen?
How about a short on usd yen?
leovirgo
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missed that re-entry on UJ.. if was in, then it would be a swing trade with target at 93.70.
B
Black Swan
Ya think? Someone we (both) know reckons it swung on the 5th March...:innocent: Wish I had that heightened level of patience...still, the 2hr/3hr TFs are behaving for me....atm...
oildaytrader
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Ya think? Someone we (both) know reckons it swung on the 5th March...:innocent: Wish I had that heightened level of patience...still, the 2hr/3hr TFs are behaving for me....atm...
An E A is good for following discipine .Pick your trades and put ea on chart to do the rest.
My biggest problem is discipline ,I run mechanical automated systems to avoid my indiscipline at times.
leovirgo
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Ya think? Someone we (both) know reckons it swung on the 5th March...:innocent: Wish I had that heightened level of patience...still, the 2hr/3hr TFs are behaving for me....atm...
this was my Long entry on 5th morning.
I had to close it for a dozen or so pips profit just before NFP due to my cardinal rule that states I must leave no exposure with UJ before NFP. Since then, it has moved 400 pips. However, if it is analysed carefully, my stoploss for that entry was 20pips, therefore, 400 pips move = 400/20 = +20R move after 25 days. To compare, I've just bagged +4.8R this morning ( +39 for 8pip stop on GU).
Pips are misleading. Profits/loss expressed in terms of R:R is more meaningful.
30pips gain is not the same for 10pip stop entry and 20pip stop entry as they have different R:R profile.
B
Black Swan
For sure, perhaps we'll all end up *on the dailys* and similar to guys like Jacko suggest 4hr TFs are noise
...For now you've gotta be happy with your method/s and returns...No point trying to trade off long term TFs with a short term mindset, if it aint broken etc...
oildaytrader
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Drawdown to actual profits is a good measure.Although low risk reward trades can be entered, they often result in greater number of losses on mechanical systems, due to small stops.
Lord Flasheart
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LONG EURO/GBP 8897 S/L 12
lets try this market again
lets try this market again
oildaytrader
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Long euro 1.3505 stop 25
Plenty of shorts covering
Plenty of shorts covering
oildaytrader
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This is an uptrend , me tinks
leovirgo
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For sure, perhaps we'll all end up *on the dailys* and similar to guys like Jacko suggest 4hr TFs are noise
I do use daily, for my LONG ONLY stocks portfolio that is beyond the scope of this thread.
Lord Flasheart
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For some reason cant get charts into posting at the moment.
My euro trade is a trend break,
Im looking to sell gbp at about 15205 if it gets theres. Its part of a trend going back 3 days
oildaytrader
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Here is the chart
Lord Flasheart
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1/3 off at + 11 feel a bit uncertain gbp and eur at uncertain points
rest to -5 cant lose another free trade hope it pays this time
JUST TRADING THE NOISE GUYS
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Lord Flasheart
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1/3 rd off at +20
Rest at b/e.
still uncertain, no point in not taking profit and still having a free trade
Rest at b/e.
still uncertain, no point in not taking profit and still having a free trade
