this is our day friend

this is our day friends

dear M L
when do u want to close your positions moneline...i mean whats your strategy for exit???

Hi,

I stagger 3 lots and close them one by one, that way I always get some profit.

moneyline

so u mean that u havent an specific strategy for exit...or anty inicator...huh???

Hi,

I'm happy to get whatever pips I can get, but I mostly trade what I see on my monitor. Indicators are fine, but we shouldn't have them replace plain old "gut feeling."

For example: Since earlier today I'd been looking for a breakout after yesterday's news took its course. Why? Because there really wasn't anything new that came out of it! I knew the market would correct itself sooner than later. Common horse sense?

moneyline

Any of you guys take the level 2 signals on gbp and euro?

That was a bad signal in GBPUSD at 9 cet this morning. But i was not here to take it so maybe i was lucky. The pivot was very close, maybe this should have kept me out of it but i don't know if i would have looked so closely.

Would you take a trade where the pivot is so close? I think harold said not to take them. It's very easy to say in hindsight of course. (I'm talking about my hindsight here, not harold ;-) )One more thing that one could have seen there, is that the 30 min candle right before the signal touched the pivot but close lower, so this candle bounced off already.

But then the next one was a good signal at 10:30. I hope people are still in there.

Hi eric
i had no other signal other than the 1030
my hist stoch had not changed colour and so making this signal a level 2

Likewise here, I didn't take those signals because they were too close to the pivot. Besides, price is almost back where it started from earlier.

moneyline