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Tradingplace replied May 19, 2015changing your habits is not easy, its a process and yu seem to be working well towards your goal of swing trading. I will try to post them here. Gold in a wedge and worth risking your mny to trade it now if yu are a trend trader url
Pure Price Action Trading
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Tradingplace replied May 19, 2015My buddy took the same trade with me, but he didn't like the retracement (green box), he was up about 200 pips, but when it pulled back, he was only up 100 and he didn't want to lose it all so he closed it for about 110 pips...on all the six ...
Pure Price Action Trading
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Tradingplace replied May 19, 2015yes yu got it right, have the cake and eat it at the same time, take partial profits, then let the rest run....like yu said yu have last position with no target yu can trail it using higher time frame than the one you trade, by doing that yu have ...
Pure Price Action Trading
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Tradingplace replied May 19, 2015I don't close manually, i know some traders will be tempeted because they don't want to give away a lot of pips, but i am a trend trader and sometimes yu have to give price enough room to breath. Imagine if i close now and price pullbacks to 185 and ...
Pure Price Action Trading
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Tradingplace replied May 19, 2015This will depend on your trading plan and trade management. I have taken 6 positions from 99.30, i have taken 1st profit target and have moved the rest to BE...that was my plan.
Pure Price Action Trading
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Tradingplace replied May 19, 2015Lets watch gbpjpy is it ready to drop url
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Tradingplace replied May 18, 2015Now short Cadjpy, check how the trade will be managed url
Pure Price Action Trading
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Tradingplace replied May 18, 2015Like yu said its good to use your chart reading and news, that gives yu a better edge. But i thing i have noticed about news is that the market usually continues in its direction after news...it might spike up and down, but the prevailing trend ...
Pure Price Action Trading
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Tradingplace replied May 15, 2015I just noticed your explorer, yu are coming back slowly from your losses, keep doing what yu are doing to be profitable and kick the old habits that caused yu a drawdown. Throw some of your news teaching here, we are all here to learn from each ...
Pure Price Action Trading
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Tradingplace replied May 15, 2015Thank you I am getting constantly better. I knew most of things already but confirming with you makes me more comfortable. The main thing about me and forex is solid patience and risk management. My euro-cent account would be good enough for CADJPY ...
Pure Price Action Trading
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Tradingplace replied May 15, 2015wait for momentum to build up on the downside, like yu said, price might push higher again, so i wouldn't want to be caught in that trade, i wait for a push down and trade the follow through. Sounds like we are on the same page with our analysis
Pure Price Action Trading
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Tradingplace replied May 14, 2015Oh I'm long time after bad sleep due to open positions. I always calculate risk and never had an emotions Thats the way to trade, you must always know how much you will lose before yu even take the trade, if the risk is too high, reduce your trading ...
Pure Price Action Trading
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Tradingplace replied May 14, 2015If you can't sleep well after placing a trade, you are risking more than you are comfortable to lose. Tune down your risk to something that is very comfortable and makes you trade without being attached to trades. I place trades and close my ...
Pure Price Action Trading
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Tradingplace replied May 14, 2015I am glad yu are still in this trade, shows how you are using the trend following philosophy, now imagine if yu were using multiple positions, yu can take partial profits whilst yu enjoy holding your trade for the home run. Good example is my gbpusd ...
Pure Price Action Trading
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Tradingplace replied May 13, 2015Very good long position from the 5170s, you could be 400 pips unrealised profit and the if yu take another long after the major R was broken yu are using the 400 pip cushion to cover for the later trade. I am still long from 1.4650...i have a huge ...
Pure Price Action Trading