Yes of course.....no problem. I welcome any and all ideas! Chris

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In my opinion, it comes down to your comfort. Once you closed out the losing position - if you find another trade, go for it. However, don't go out of your way to find it. Either it's there or it isn't. The fact you didn't open new trades just shows ...

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For me the total is 5%.......I agree with any trade that has s/l at b/e - I don't count. In all practicality, I rarely actually have more than a total of 3% at one moment though.

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Truthfully, this is what I call a "Shit happens" trade. I don't see too much that would have shaken me out.....I might have waited for just a few more pips south of where you got in.....but truthfully.....I would have lost there too mate! Don't ...

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Actually, this proves a point about trading that most people miss. Let's assume that me and a few people here short GBP.CHF and start making money. You are still long, and have your stops in place. It is possible for both groups to be correct. Think ...

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Something I noticed. I don't have CAD/JPY on my MT4 broker, so I don't have access to the weekly.

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Do me a favor, and point out your CAD levels, let's start with the absolute basics and work from there.

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Potential set up on JNJ — Watching this one for next week.

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Truthfully, if you read that book and Pring on Price Patterns.....that's enough in my opinion. (I have no link to that one.) Chris

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Actually, I am thinking of having a "trader's lab" section of my place.....so it's kind of funny you are posting this: it may come in handy there. Feel free to post.....it's all good! Chris

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It's funny how sooner or later, we seem to be drawn towards a specific pair. For me, it rotates. I go through phases. But have to admit, there is one I always liked a lot - CHF/JPY. Nice and slow, grinding most of the time. I also like USD/SGD for ...

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True, this is another valid way to do it as well. The way I do it is based on placing the stop behind those "areas" on a 4 hour. (there is a chart in early part of this thread about it.) The real trick is to add just enough to help compound the ...

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I wait for a close lower. These are a little different, because they are such tight stops. I feel perfectly comfortable on the close lower.....I don't have an example at the moment, but I will post one when I come across it, I promise. Chris

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I would suspect the latter of the two. I know a lot of traders that fear GBP/JPY. But the truth is, if you trade longer time frames, it really isn't any different than any other pair. If you are risking 250 pips on GBP/JPY, and it's 1% of your ...

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I would never allow an added position to turn both into a loss.Added would be a smaller amount, and if I got stopped out - it would be for all positions

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On the radar....

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By the way Simon, you don't have enough lines on your chart. I can still see the price!

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Ok, so s*#t happens. — I love it when this happens! Ugh.

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Now how in the hell can anyone resist that offer?

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Thanks for asking a question that could potentially cost you money Simon, I love that. For me, I am letting it run.....only because 1.8 is such a "big picture area". You could be at b/e now I believe. I am looking at ADDING to this if we go ...

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