Long Eur USD @ 1.3660 Stop 1.3644 Would like to see 1.3790 Smaller timeframe trade with tight stop by my standards for that reason risking less, little risk , decent reward. Likely a loser but we shall see, Risked .25%
A 16 pip stop on that time frame (2H) and with a possible weekend price shock?? :eek: The huge spread alone (when market re-opens on Sunday) will trigger your stop in 2 seconds! Anyway, good luck with that one.
the NFP report alone would either get me out or get the price in my favor enough where I don't need to worry about the weekend. Fade the trade and make money on the futs. go for it. EdIT: ok you guys are right Oanda really widens that sucker don't they, even for NFP- Taking half off 1.3662 +2pips Moving stop a little wider to 1.3630 Give it a little more room. Risk remains virtually the same .25% Now Ill need to target 1.500 instead jk BTW I actually expect each trade to lose before I put it on. Statistically more of my trades lose than win. Lessening spread risk is a valid point though.
"hi I am new to trading,i would like start trading stocks and futures on the go and at home.and I need to get laptop,can you please recommend specific model that I can buy in canada" So in one place you say you're new and another you say you have an excellent record, which is it? "hi ,I am new to trading and like to start trading on the go or when I have breaks at work ,looking particular at futures" You said you have 1mm in account yet you are new? Another place you said you were trading forex for 10 years???? Your posts, Waste of bandwidth????
I cannot tell you where your stop is supposed to be if I don't know the logic of your system (assuming you are a system trader).
I believe he is talking about being new to the Futures and Stock markets, not the Forex. Also note that the 1 million dollars = margin money. On a 100:1 leverage Forex account that represents 10K trading capital, if I understand his previous post correctly.