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exit strategy
it might seem like a small reward based on large moves but a good risk to reward level might be 2 to 1 if stopp loss is 34 then reward should be 68 so if fib points show a level where that r to r is present maybe thats the exit point just thinking out loud the entry on pound at 7384 would profit around res 2 7460
Last edited by harold4x; 02-15-2006 at 02:19 PM. |
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Would you normally have been entered in case of these more risky conditions ("consolidation of news") using CatFX50? You usually say "You trade what you see" and not to look to much to the fundamentals - the news said now in summary --> USD is geting weaker and what we see is: It gets weaker. But often we saw in the past that it can turn very very fast to the opposite side. --> Nevertheless in this time the risk would have been rewarded.
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Never trade with money which you need to make a living *** I trade with my money based on my decisions *** Please decide for yourself. Last edited by mibl; 02-15-2006 at 02:39 PM. |
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Quote:
If someone was not greedy, and traded cable , and move sl first to 1th res then to sec then now he would have 74 pips plus. Not bad isnt it?
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You need proffesional mql coder? Contact me! I will help you! ........................................ http://www.fxservice.eu/ ........................................ |
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Hi,
good morning kalenzo, nina and all you guys, in fact today i took with caution the cable signal long, and did what you just mentioned, this time i used only 1 lot so i moved my sl to first r1, then now at r2, it seems it磗 less risky than use 3 lots and scale in each level. Also took eurgpb in spite of the very near pivot , did the same using 1 lot and trailing it, today was easy and soft moves. |
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Do you yourself trade any pairs today? |
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