Dollar LONG stance but hold trigger till ...

Discussion in 'Forex' started by deadbroke, Oct 14, 2009.

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  1. EURUSD short 1 mL @ 1.47987 no stop no TP (1 min. ago)
     
    #41     Oct 27, 2009
  2. You sold at a low now you may have to hold through a possible retrace




    The Never Selling At Low VIPER
     
    #42     Oct 27, 2009


  3. Yeah Viper, have a look at the 2 earlier losing trades on GBPUSD and GBPJPY - shorted the low and covered at the top. Fckin genius I am. :D

    former life on weekly/daily so this realtime is all new to me, that's why I'm doing minis so I can find out if the game is worthwhile or not without getting killed.

    :)
     
    #43     Oct 27, 2009

  4. cover 1.48128 winning trade ( a mini ) 1 min ago
     
    #44     Oct 27, 2009
  5. You may be reacting rather than being "forward looking". If you can find a level that the price will break below or above, and set an entry at this point your entries may be better.

    The Ever One To Grow On VIPER
     
    #45     Oct 27, 2009

  6. Thanks Viper - just need a few days/weeks to sort things out. appreciate the help. regards
     
    #46     Oct 27, 2009

  7. Viper, have you come across a situation where let's say on daily, your method works. but on realtime esp. lower than 60-min., the method fails?
     
    #47     Oct 27, 2009
  8. cover 1.477773 winning trade (1 min ago)
     
    #48     Oct 27, 2009
  9. should read 1.47773
     
    #49     Oct 27, 2009
  10. Sure, and I have seen it. Someone comes up with something that works very well in one time frame or market but will not work at all in another. Sometimes it may also be the head of the trader, in the transition to a different time frame they might get lost for a bit and perhaps lose some confidence causing mistakes and unnecessary losses.

    Of course WoodiesCCI and the RATS system work in every market and every timeframe. HAHAHAHAHAHAHA oh that there was funny son :D

    The Ever Comical VIPER

    How about daily and hourly, or hourly and 15 min?
     
    #50     Oct 27, 2009
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