Thread: CatFx50
View Single Post
  #201 (permalink)  
Old 01-03-2006, 09:47 PM
nina's Avatar
nina nina is offline
Senior Member
 
Join Date: Nov 2005
Location: Barcelona
Posts: 2,375
nina is on a distinguished road
Hi, Ader1!!

Quote:
Originally Posted by Ader1
Mookfx,

Do you mean the dip when all four majors went back and found support/resitance at the 50 ema? Nina, I think that this is an excellent example of when one should trade with several lots, maybe three and having banked some profit then moving other two stops to breakeven then banking the second at a pre-defined levle an allowing third to run with maybe trailing stop. But the question for now if I may ask is at what points? And of course, any good system I think would require these levels to be pre-defined. What do you think? Forgive me if I seem a little too novice.........
The only pre-defined levels are fibos, pivots or trend lines. For instance, EURUSD has broken up a very strong and old one: From 1.3479 (11-03-05) to 1.1978.

Nina
Reply With Quote