Why Is The Obvious Not So Obvious?

M4-1 · Nov 30, 2020

now the tough bit..do i stay..or do i go.!!!!!!

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M4-1 · Nov 30, 2020

my oh my..look at this

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M4-1 · Nov 30, 2020

you can even watch both if you are still sitting on the you know what

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M4-1 · Nov 30, 2020

so have a think..

why are you entering now

how much am i willing to risk

how much might i make

how long will i give it

what will determine my actions..the important bit !!!!!

M4-1 · Nov 30, 2020

you have already seen how fast things can change..which is why you should always have a plan..and always be in control..losses are part of trading..without losing "correctly" you will never make any money trading..don't mind the fools who talk about winners..the serious trader is concerned about losers..it is simple maths !!!

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Onra · Nov 30, 2020

Your trade looked like a limit sell...(?!)
So you're out with a small risk or (back in) long?!

1.1981 was indeed an important level..!!

Onra · Nov 30, 2020

Does your level change; e.g with new highs or lows,
or is a new level created over time?

M4-1 · Nov 30, 2020

let's go back to the start..why are you trading EUR.USD..what broker do you use..how much can you afford to lose..what is the cost per round trip..what time/s are available to you to trade?

Lort Noc · Nov 30, 2020

Here we go again. Whatever you trade :
1) draw a line
2) determine SL
3) determine PT

Both PT and SL must be realistic, depending on range
Range is depending on Timeframe
PT should be bigger than SL
Preferably PT occurs more often than SL

LN

Onra · Nov 30, 2020

Answers between your Q's:

M4-1 said:
why are you trading EUR.USD..

* For me it seems simpler: close is open of the next day
(one variable less to worry or puzzle about)
* Potentially I can let trades run (no overnight gaps, except weekends)
* excellent liquidity with enough daily ATR

what broker do you use..

* Interactive Brokers with Ninja
* evaluation program with the 5%-ers; MT4

how much can you afford to lose..

* not much more lol!
* do you mean per trade or the whole account (depends on margin)

what is the cost per round trip..

* I think it's 2 x $ 2,- (minimum) for IB
* 5%-ers: relative to trade size; also $ 4,- (based on 1 lot)

what time/s are available to you to trade?

* mostly the Europian session