Well, in this case the TS would have been GREAT. Didn't see that coming. Got stopped out at +10 vs +145.
A new day... a new lesson.
A new day... a new lesson.
Chicky's House of Pleasure and Pain 11 replies
Carry Backet w/ Jacko's AH 10 replies
Hello Guys is a pleasure to be here. I'm new to MT4 1 reply
Jacko's P&P Trend Trading Method 73 replies
DislikedI always let the TS take me out of the market, unless I am uneasy about what happened to price on Friday - I will close positions before the weekend.
I have found that with the TS being your exit, you are giving yourself the best chance of letting your profits run....Ignored
DislikedGlad to hear it's working for ya - but the market conditions that just happened is why I would rather take the profit presented to me. All TSLs just gave back 100pips that would have been in hand.Ignored
Dislikedhaha - I know, but they were orders that I set. I can't pass up selling @ 2800...Ignored
DislikedWouldn't you know it. When the Kiwi sleeps all those stops get blown!
To anti-hedge or not? That is the question...
At what point do we think the daily trend is changing? When I a bit lost I fall back on my 'rules'.
The weekly trend is still good, although the pullback through Dec was large.
The daily is still making lower highs & lows, although last night's (yesterday's) rise pierced my trend line. With hindsight, should have expected a rough time due to the large consolidation back in Nov/Dec.
The 4-hr has made a higher low and a higher...Ignored
DislikedMarket makers and ECN's are "horses for courses" depending primarily on your account size. If you want to be a little fish in a big pond then go with ECN's...but don't be surprised if they treat you badly if you have only a small account.
As for negative things about market makers, you have to remember that both market makers (and ECN's ) are businesses...and their prime purpose is to make profits..at your expense!!
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JackoIgnored
DislikedThanks, McQueen
Appreciate your advice.
For the future, though, at what point would you decide that short was too risky?
Cheers
JellybeanIgnored
DislikedI'm going to be paying a lot of attention to this weekly PIN bar suggesting longs. Next week will validate/invalidate it.Ignored
DislikedYes, I saw that. perhaps the start of a nice rally?
I liked to see that baby rally so i could ride it all the way back down!!!!
hehehe
night folks
BBIgnored
Dislikedmy apologies...
for the tf i trade, the trend is down until a decisive move above 3350...Ignored