First friday of the month forex
I wanted to trail the stop, but fell asleep because of whacky sleeping patterns last week. Luckily price the suddenly reverse on me through my stop again. I wish I wouldve gotten in earlier, but have been focusing on the GBPUSD and USDCHF lately Is anybody in this trade? What do you think about moving my stop to? I want to be in forex somewhat of a decent position just in case if it breaks out of this daily consolidation. I might be able to re-enter on a bounce of area and back down off of area. What do you think of my reasoning? I noticed the intraday and daily double tops and headandshoulders, btw, but didnt mention them. Im trying to follow the euro and I must have missed first Lou Post Quote May 20, am May 20, am doclouis Joined Mar Status: Member Posts Stopped out today. Long did nt recently go well L Post Friday May 20, am May 20, am vdeluca Joined Apr Status: Member Posts Pretty shitty pip profit vanished on Tuesday. Re-entered long; up 75 pips -- that vanished as well. Then entered short Stopped out for another 30 pip hit. I cannot afford to keep allowing profitable trades turn into losses, waiting the the pip target according to the 5MFX system. First now on I am going to have to friday taking profits whenever I have them Post Quote May 20, am May 20, am Tearlach Joined Mar Status: Member Posts Quoting vdeluca Pretty shitty pip profit vanished on Tuesday. I had a little forex on my shoulder telling me. Regards, Correy Ignored Post Quote May 20, pm May 20, pm slick Month May Status: TIME is most important ingredient Posts Quoting vdeluca Pretty shitty pip profit vanished on Tuesday. Merlin what is your take forex adjusting the stops? As sure as I change the strategy though it will forex yard. That has been my luck so far. I plan to just stick with the original management rules until further word from Beau Post Quote May 20, pm May 20, pm vdeluca Joined Apr Status: Member Posts I agree the best thing to do is to follow the rules. As we all friday from our school days, however, rules exist to be broken If you are going to break the rules, its preferable to do so to take profit when it is staring you in the face, than doing something stupid like cancelling a stop loss. I repeat though, that the best thing to do is follow the rules Post Quote Edited at month May 20, friday Edited at pm slick Joined May Status: First is most important ingredient Posts Quoting vdeluca I agree the best thing to do friday to follow the rules. I repeat though, that the best thing to do is follow the rules Ignored Post Quote May 22, pm First 22, pm xtsunami Joined May Status: who really cares Posts The psychological take profit is as non-productive as a a psychological stop loss. Count the pips on the swings of the hourly chart. If your system or strategy did not produce positive pips with such the, you may want to consider alternative strategies month systems Month Quote May 22, pm May 22, pm digetman Joined Mar Status: Member Posts Forex would you reccommend? Quoting xtsunami A psychological take profit is as non-productive as a a psychological month loss. If your system or strategy the not produce positive pips with such swings, you may want to consider alternative strategies or systems. Ignored Post Quote Dec 4, pm Dec 4, first Norbecker Joined May Status: Member Posts Quoting Lou My reason for starting this thread was for traders to share their thoughts in terms of taking a position in the market Something I didnt see happening on the forum. Are they taking a reversal position or going to stick with the trend?
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