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Quote:
The London trader adjusts to the new trading times, or does anyone really thinks they keep trading around the “old” hours? The fact reminds that the rule “as written” was not followed. But that is were a traders discretion plays a big role, The issue about “the time frame” has been beat up so much, just not here but on every other thread about ProFX. The simple fact is that we all have different trading back grounds , and see “things” different and no rules will ever replace what we have learned along the way, and either will any trading system. That is the part that we will not find in any “rules’ and will be the same question the will indeed be brought up time and time again. Last edited by Detail; 05-20-2010 at 04:00 PM. |
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This week, I already have two decent signals the opposite trend 4H and the principle SMA100 with 100 pips profit. Thought about not using this rule. Alex sometimes you go against the trend of 4H. What do you suggest then the outside of the basic principles?
Sorry for my english
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I entered long G/U at 1.44128 some time back when was looking rosy and thought was breaking out. 4hr posted an up arrow etc
Have a stop at 1.43580 and target 1.45128 Maybe not such a good move but I am there now
__________________
Trading is Risky & money can be lost, take responsibility for your own decisions. Swing Trading / Day Trading http://daytrade1.blogspot.com/ |
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Wanelad, I was also looking at that trade. But have had too many reverse on me since i went live.
Now I wait and make sure everything is as per rules. I have now even adopted the one trade a day and only trade GBP/USD. Good luck, I hope it goes well for you. Cheers mate Kane |
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I know the feeling Kane I have felt like exiting a few times but have left it up to my stop now. There is an upsloping trend line the price is trying to respect, fingers crossed it does although has been breached a few times which is not good.
Daily R1 needs to get taken out for this trade to succeed
__________________
Trading is Risky & money can be lost, take responsibility for your own decisions. Swing Trading / Day Trading http://daytrade1.blogspot.com/ |
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Stopped out at 1.43760 as raised my stop a little earlier oh well happy with that
__________________
Trading is Risky & money can be lost, take responsibility for your own decisions. Swing Trading / Day Trading http://daytrade1.blogspot.com/ |
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