Hi manz66, Thank you for the link. I will check it out. All kind of good links are welcome in my thread. I suppose you also have some system-links?
Hi Baruch, I do not understand your question. I entered long cable time 15:30 central at 1.8240 with 30 pips stoploss , then it went to 1.8264, so I locked profit at 1.8255. Trailing stop was not executed, because it did not reach 1.8265 (trailing stop starts at 10 pips difference from 1.8255). Again time 17:05 central, entered at 1.8232 after retracement locked profit at 1.8247. Trailing stop became active this time at 1.8257, then it reached 1.8263 after that it dropped again, and I got out at 1.8257 by trailing stop. Since it could not break 1.8264 after two retracement I shorted cable. As I play support/resistance, scalping and breakout, I was showing you how to play counter trading for short time or scalping, even against strong trend, and still can survive. Although it was not the right time to trade like this, since mkt was trending, this kind of trade should not be done only when the market is in range bound or choppy, but it is viable trading style.
Hi again, Well done. I meant how many pips away from your entry was placed. Do you use a automatic trailing stop? (When I write about my trailing stop, it's a stop I have to move myself..).