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  #1131 (permalink)  
Old 02-15-2006, 02:17 PM
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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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  #1132 (permalink)  
Old 02-15-2006, 02:18 PM
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Hi, mates!!!

I'm not at home. I have not MT4 available. So, I can not comment signals.

Later on I'll post an indicator with can be an alternative to StepMA_Stoch to be used with other charting packages.

About "risk":

Trading is a risky business. There are set ups that a riskier though. I tell you two:

a.- when the open is +20 pips above EMA50. Does it mean you shouldn't take the signal?. Not at all. It means that you should be more careful and maybe, according to strength, you should trade less lots.

b.- when the crosses are not simultaneous.

I'm really happy to see that people are making money.

NINA
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  #1133 (permalink)  
Old 02-15-2006, 02:26 PM
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nina would you be meaning the adx indicator
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  #1134 (permalink)  
Old 02-15-2006, 02:29 PM
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:(

The only thing lacking is the exit There must be one,a good one!
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  #1135 (permalink)  
Old 02-15-2006, 02:34 PM
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Quote:
Originally Posted by nina
Hi, mates!!!
I'm not at home. I have not MT4 available. So, I can not comment signals.
Later on I'll post an indicator with can be an alternative to StepMA_Stoch to be used with other charting packages.

About "risk":
Trading is a risky business. There are set ups that a riskier though. I tell you two:

a.- when the open is +20 pips above EMA50. Does it mean you shouldn't take the signal?. Not at all. It means that you should be more careful and maybe, according to strength, you should trade less lots.

b.- when the crosses are not simultaneous.

I'm really happy to see that people are making money.

NINA
Yes nina, trading is risky - sometimes more, sometimes less.
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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  #1136 (permalink)  
Old 02-15-2006, 02:38 PM
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it seems the res 2 area on euro and pound and supp 2 on chf were the possible exit points today
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  #1137 (permalink)  
Old 02-15-2006, 02:48 PM
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Quote:
Originally Posted by harold4x
it seems the res 2 area on euro and pound and supp 2 on chf were the possible exit points today
Ye. Exit good for now was 2th res. But not for yesterday.
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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  #1138 (permalink)  
Old 02-15-2006, 02:58 PM
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Smile

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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  #1139 (permalink)  
Old 02-15-2006, 02:58 PM
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i also have ama indicator which follow trade and 50 ema as a guide also
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  #1140 (permalink)  
Old 02-15-2006, 03:00 PM
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Quote:
Originally Posted by nina
Hi, mates!!!

I'm not at home. I have not MT4 available. So, I can not comment signals.

Later on I'll post an indicator with can be an alternative to StepMA_Stoch to be used with other charting packages.

About "risk":

Trading is a risky business. There are set ups that a riskier though. I tell you two:

a.- when the open is +20 pips above EMA50. Does it mean you shouldn't take the signal?. Not at all. It means that you should be more careful and maybe, according to strength, you should trade less lots.

b.- when the crosses are not simultaneous.

I'm really happy to see that people are making money.

NINA
Nina!
Do you yourself trade any pairs today?
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