Baruch's Forex System Journal

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Quote from SteveL91:

I use 'em, but when I can check back and forth, I don't see the need. And, to be perfectly honest, I always have trouble deciding where to put a stop in a profitable position. I can't quite figure out the right balance between locking in profit, and giving it some wiggle room.

Thanks for the links. I'll definitely browse through them.
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Yes, it's not easy. Maybe Sci has a good idea?

P.S. I love to lock in some of the profit with a stop. And I think we should ALWAYS use a s/l stop.
 
Quote from Baruch:

Yes, it's not easy. Maybe Sci has a good idea?

P.S. I love to lock in some of the profit with a stop. And I think we should ALWAYS use a s/l stop.
More...

I put some stops in, now I'm gonna try and get some sleep. Hopefully, I won't be annoyed with what I see the next time I look at it....

G'day/G'night.
 
Quote from SteveL91:

I put some stops in, now I'm gonna try and get some sleep. Hopefully, I won't be annoyed with what I see the next time I look at it....

G'day/G'night.
More...

Sleep well, Steve. See your later...

Coming soon:

ZEW Economic Sentiment 9.00 GMT.

Consensus: 49.0 (some says 49.7)

Prior: 49.7

Deutsche Bank forecast: 48

Also ZEW Production.
 
Quote from rax:

eurusd looks like it could be a good short play, but maybe not ready yet.

- came back to 68% retracement level


ideas?
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62% retracement, of course
 
Quote from Baruch:

Sleep well, Steve. See your later...

Coming soon:

ZEW Economic Sentiment 9.00 GMT.

Consensus: 49.0 (some says 49.7)

Prior: 49.7

Deutsche Bank forecast: 48

Also ZEW Production.
More...

The number was 46.4.
Deutsche Bank made the best call.
 
Like I mentioned in this thread before, I will be placing my first Live trade sometime this week!

Does anybody have any strategies?

Baruch says to start on Thursday because of eco news.

Does anybody else have any words of wisdom?

Thanks
 
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