Daily EUR/USD trades

Stops are being placed inside the reaction highs/lows as I see it from the past few pages. This is ripe for whipsaws. Less is more I think when trading. I would recommend a little more risk to allow the trades to work.
 
Quote from Buy1Sell2:

Stops are being placed inside the reaction highs/lows as I see it from the past few pages. This is ripe for whipsaws. Less is more I think when trading. I would recommend a little more risk to allow the trades to work.
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I am trading off 1 min chart B1, not saying your recommendation is not applicable, but I am trying to follow your previous advice of having smaller perhaps consecutive losses and try to ride a winning trade. I find 1 chart does a better job as far as fill levels are concerned, I try and enter very close to next support/resistance levels keeping loss to a minimum. Also, I am not concerned with commission expenditure as there is no commission.
 
Quote from romik:

I am trading off 1 min chart B1, not saying your recommendation is not applicable, but I am trying to follow your previous advice of having smaller perhaps consecutive losses and try to ride a winning trade. I find 1 chart does a better job as far as fill levels are concerned, I try and enter very close to next support/resistance levels keeping loss to a minimum. Also, I am not concerned with commission expenditure as there is no commission.
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Ok. Aren't you geting whacked on the spread each time though?
 
Quote from gtholia:

long at 154.27, stop at 154, TP at 155.3
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stop moved to 154.37

ciao

go eur/jpy...........156 in sight I think on this bounce...at least prior to year end..there's very little in the way..unless the BoJ does something silly like raising rates...
for the LT players (not tht there are any in this room!) - this is a 6 m long trade...trust me..BoJ realises that they can't raise rates, and the exporters have enough clout to prevent the rate hike at least till end q1 next year...so carry trade has some way to go..in my humble opinion...
 
Quote from Buy1Sell2:

Ok. Aren't you geting whacked on the spread each time though?
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Spread is 2 pips, ~5 pip loss x 3 can be easily offset by a potential 30-50 pip gain
 
Quote from gtholia:

stop moved to 154.37

ciao

go eur/jpy...........156 in sight I think on this bounce...at least prior to year end..there's very little in the way..unless the BoJ does something silly like raising rates...
for the LT players (not tht there are any in this room!) - this is a 6 m long trade...trust me..BoJ realises that they can't raise rates, and the exporters have enough clout to prevent the rate hike at least till end q1 next year...so carry trade has some way to go..in my humble opinion...
More...

stop moved to 154.47...

ciao
 
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