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- tomspin replied May 22, 2013
example from today this was 10 pips sl entry, still holding it cut the risk, just cut it to the max
EURUSD
- tomspin replied May 22, 2013
Well trending market does not require SL, just well capitalised account, and good initial entry point, I know what you mean but playing daily direction risk can be limited by entry from lower TF (1M/5M) with confirmation from H4/H1 - usually good ...
EURUSD
- tomspin replied May 22, 2013
of course, but 100 pips is a good daily adr, very risky in counter trend entry
EURUSD
- tomspin replied May 22, 2013
If you place 100 pips sl that mean you are not in the right place and not confident about your entry, this is not good RR even if you target 400 pips profit You could have a better RR if you buy 2812 pivot with stops below yesterdays low. This is ...
EURUSD
- tomspin replied May 22, 2013
Look at your charts, somebody defended 1,30 with allmighty force,
EURUSD
- tomspin replied May 22, 2013
Well $ was kicked to the ground for the last few quarters - now it is his time I guess, I was talking lately about new ranges in majors, maybe we will see it.
EURUSD
- tomspin replied May 22, 2013
Hey Sisse Do you see this decision as $ positive in terms of "we will not stop QE now but it is on the table if numbers improve", I mean we can see clear continuation in dixie basket, majors breaking support atm
EURUSD
- tomspin replied May 22, 2013
There was a strong sell off from 9822 area, just look at this wick on H1 - this is serious
EURUSD
- tomspin replied May 22, 2013
That means nothing without showing your car and mansion - this is because we are here for right?
EURUSD
- tomspin replied May 22, 2013
No, standing aside until better entry, shorted gbp/aud at 15473 dough for unfolding nice swing down on weekly. I don't play breakouts, trendlines or fibo - I use pivots, candles and big psych numbers , so this is waiting game for me atm
EURUSD
- tomspin replied May 21, 2013
Heh but I do, and I don't say we shouldn't use it - I just observe and have a thoughts about stuff, there is a lot of "solid rules" in FX which are passed on from one trader to another, not many contribute to better trading dough.
EURUSD
- tomspin replied May 21, 2013
This chat will be about what is better and I had few, so no need for the next one. We could go all afternoon about it mate, I am happy for you that you founded your way in this business, The answer for the question - there is no SL cause how can you ...
EURUSD
- tomspin replied May 21, 2013
Before I read infamous Murphy's book(well half) I read forex for dummies (yes I did) - some people make fun of that book however there is many good stuff, among them one simple, most important that head of CB should be listened carefully. There goes ...
EURUSD
- tomspin replied May 21, 2013
it is so funny, the buyers came in and some people act like there is big shift in the market, see it as an opportunity to enter higher, and wait for the Ben to see where this thing will actualy go for the next Q, most of all take it easy.
EURUSD
- tomspin replied May 21, 2013
if anybody trade crosse gbp/aud is in a good place to look at swing - this pair is trending well
EURUSD
- tomspin replied May 21, 2013
six days ago, same story - no worries there are chances everyday
EURUSD