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Aussie3228
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Stopped .9990. See what happens in the new year.
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Trailing stop hit at .9990 Flat now until next year. Have fun all.
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yep agree... I like to have about 150 pips up before I move it to break even and take one third off the table..
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yep.. 1% is far better I agree. But I the system I use requires a bigger initial stop. Also I hardly ever trade at market so most of my orders are hit when I am not on the screen.
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Hi, I open 3 lots and take 1 lot off at around 100 pips or whatever I can get after 48 hours.Then I trail my stop to about 5 pips above previous days high. If I get stopped out I will re-enter if I think the trend is still valid. I have been trading fx for about 10 years and found that day trading just doesn't work for me.Also I hate sitting on the screen.So if I get in a decent trade I give it a bit of room and hopefully it will last days or even a week or so.
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Hi, I basically trade the same way.Wait for a break of a level and then buy or sell the retracement. Work off the higher timeframes with about 3 hours actual screen time max per day.Levergae of no more than 3:1 and risk about 2% per trade.Get my stop to break even as soon as possible so I get a free look at it .
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Hi Eurocat, Ended up getting short at 1.0126 my stop is at 1.0170 now. Hopefully it will keep going down When I enter a trade I just work out at what point I am wrong and put my stop at that number.So I always work out risk first. I let the market do the rest. I always use trailing stops Win some lose some.
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No never heard of him
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yep going to short it. Stop above 1.0400. Will leave an order to sell tonight Melbourne time.
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Hi Bob, Only trade technicals.Nothing else. I am selling because it broke below 1.0157. Also I like to sell 61.8% fib retacements on daily swings. See what happens. Aussie
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Hi Folks, This is my first post. I am looking to sell oz next week at 1.0254 (61.8)with a stop around 1.0400.Looking for a move towards .97. I only trade the oz and it's crosses and have been doing so for about 10 years now.Only look at weekly,daily and 60 mins charts.