Around the psych level 5850, PA dropping now, waiting for Lon open

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G/U — Long at 5820 3T trade image

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G/U — I took the kiwi, not the GU, if I took the GU it would have been a 4 1H candle BO long with TP at psych lev of 5800

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NZD/USD — I'm out, -15pips, very sluggish pair, was getting too close to my 25 pip stop... I nearly took a BO on the G/U which would have been plus pips.

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NZD/USD — Potential trade to the upside after 4th hourly candle closes image

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Exactly, early bird catches the worm if PA and MTF's line up. I'm getting there, just got to fine tune pulling the pin when price reverses. It's a tough call at times-re: how many negative pips are ok before an exit? Momentum is the key here...

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USD/CAD — Out for +18 after hesitating PA. It may still rise, but 18 is 18 pips!

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USD/CAD — 3T buy setup on the loonie image

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A/U — AU BO... wait for 15m candle to close outside lines, any thoughts? image

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G/Y — Potential BO trade here... what do you think? image

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G/U — Just curious LG, what was your reason for bailing at +9?

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G/U — Still in LG? PA reversing now...

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G/U — Same also, in at 5737

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USD/CHF — Out for 24 pips, very nice!

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USD/CHF — I'm in at 0.9738 image

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USD/CHF — Long on 3Tap image

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USD/JPY — I'm in short too geo, but on my chart I entered the 3T trade about 6 hours ago! In at 81.384 Pedross

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" I would like to hear more about how you took a larger loss than you needed to." I generally put my stop below/above signifigant support/resistance areas or recent swing high or lows, or where not practical above or below psych levels of 50 or 100. ...

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More on exits — Thank you for you speedy and helpful reply LG, one more question for you re: "... if it was a H4 set-up I will exit on an H4 candle PA change or color change..." By this am I correct in understanding that you will exit if PA ...

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Exits — Hi LG, a couple of questions for you re: exits. Do you allow the trade to lose pips after entry, if so, At what point do you exit a trade when it is negative territory (do you ever let price hit your SL)? In an earlier post, you ...

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