lost -3 pips (trailing stop increments) on this trade...we will see what trading opps today brings....you?
EUR/USD & GBP/USD & AUD/USD Forex Trading
- Thread starter increasenow
- Start date
entered REAL trade at 9:18am CST
short 1 EUR/JPY at 135.13
trailing stops in place
target: 134.63
should 'bear' down throughout the day...you?
short 1 EUR/JPY at 135.13
trailing stops in place
target: 134.63
should 'bear' down throughout the day...you?
It broke above 134.8X which was a significant resistance level. I'd be more likely to bet that EJ rises to 136 than decline back to 134.63. It might decline, of course, but I would not place my bet on that without seeing some confirming PA on the 15 minute time frame to indicate a retracement was underway.
What did you see that led you to short it?
Good Luck,
That's criminal, the trade was in profit 20-odd pips!
Ditch the trailing stops, they're costing you money, you made better trades before you started using them.
...and what's all this about "any of these would have been sweet...if I 'pulled the trigger'"? If? Ya gotta be init to winit!
I am out because of trailing stops...very hard trade...ouch
I thought it was way 'overbought' I got crushed on this via trailing stop...lost 20 pips...ouch...
talk to me Cabletrader...seriously...why are you against trailing stops?...hmmm...seems they are not so good after all?...also, I think I need to widen my stops...thoughts?...Inow...Quote from cabletrader:
That's criminal, the trade was in profit 20-odd pips!
Ditch the trailing stops, they're costing you money, you made better trades before you started using them.
...and what's all this about "any of these would have been sweet...if I 'pulled the trigger'"? If? Ya gotta be init to winit!
Another profitable trade that turned into a 20 pip loser.....
I'm not against them but the way you're using them is costing you money, 23 pips down the khazi in two trades which should have made you money, or at least broke even.
More money is lost by retail traders due to the concepts of "overbought" and "oversold" than any other concepts.
Forget them - there is no such thing. You are betting your money based on a chimera.
Support and resistance are real, empirical, seeable phenomena.
"Overbought" and "Oversold" are abstract concepts developed by non-trading vendors of information to fool the public into thinking that said vendors know something important and useful.