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Hi Nina,
I took a GBP/USD Buy signal on CatFX50 at 09.30 CET yesterday at price 1.9343, S/L at 1.9302 (previous bar low, according to your article of "Stop Loss and Money Management") ) but this position close in Loss at 14.25 CET. It's very unfortunate for me because after 14.30 CET till now the price go up to a high at 1.9415 ? How can we determine this stop loss exactly? Please give some guides. Thanks! Rgds, Pierre |
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You did what you should. You placed a "logic" stop. Too big for me, but you did it right. Think that price went to 1,9280, so 63 pips down!!! When I have 15, I use to protect or I do not let price go below EMA50 again. Till 16:00cet, yesterday was a tough day. BTW, the entry for me was at 1,9338 (Alpari) with stop right below EMA50 at 1,9327.
__________________
Nina We must fight on the winning side, not on the side we may believe to be correct. Focus, Patience and Discipline |
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Hi ok let them alive . How about today. Am I right with the signals?Signals today up to 16:00 (Alpari) gbpusd: level 4; 7:00 - 7:30; at 1.9428 (consolidation 5:30, 6:00, 6:30) eurusd: level 4; 8:30 - 9:00; at 1.3047 (consolidation 1:00, 1:30, 2:00) level 2; 11:00; at 1.3031 level 2; 12:00; at 1.3031 level 1; 16:00; at 1.2999 (24 points away from ema50) usdchf: level 1; 13:00; at 1.2389 Ximik Last edited by ximik; 01-09-2007 at 02:12 PM. |
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Hi ok let them alive . How about today. Am I right with the signals?Signals today up to 16:00 (Alpari) gbpusd: level 4; 7:00 - 7:30; at 1.9428 (consolidation 5:30, 6:00, 6:30) eurusd: level 4; 8:30 - 9:00; at 1.3047 (consolidation 1:00, 1:30, 2:00) level 2; 11:00; at 1.3031 level 2; 12:00; at 1.3031 level 1; 16:00; at 1.2999 (24 points away from ema50) usdchf: level 1; 13:00; at 1.2389 Ximik |
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