You may wait for retracement to cut losses. Or either check out higher tf for direction, if its against ur trade, close it then if its not, wait for it to turn it your way. I consider it as part of hedging, scaling, etc in a smaller tf. If entry is ...

How to rescue a losing position?

Hi bro, not sure if u did proper forward testing. At this moment, from what i read is u enter on 1hr timeframe of prices crosses MA,your trailing stop of 20pips will exit u easily on that timeframe. A bullish candle may have lot of retracement in it ...

An old system - 1 Hr

This is what happen when u didnt put TP while monitoring, but fell asleep infront of laptop.

Simple System for anyone

Maybe you should give us a brief introductions of the site. I took a quick browse over all tabs, it's pretty new, though no harm registering, but what make that different from forexfactory? Personally, I am one who like to chat and read while I am ...

Forex Network

Do you make notes for what you study in school previously? I think most of them make notes, to learn, re-cap, revise, etc. If you don't make notes, how do you know what you learn or learn from it are useful. Dont we always check on rear and side ...

Do you keep a trading notebook?

My thoughts Had read some threads and make me think on this statement "Trend is your friend" - It may be your friend if you luckily ride on it, it's your enemy if you ride the wrong way. - Many had claimed trading trend is easy, but is that really ...

Simple System for anyone

Have to agree that some games can be exploit with a system/gambling plan, eg, which i use to do soccer betting and make consistent profit over 10 years. Pls don't feel offended, I am going to speak my own pathetic story. I don't believe in luck nor ...

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TP2 taken, but TP3 hit SL. :S

Simple System for anyone

50% of position closed @ TP1. Pending closure remaing 30% @ TP2 and 20% @ TP3. SL adjusted to breakeven, trailing stop removed. Free trade. Small profit banked.

Simple System for anyone

Though not the best entry, but trendline and channel respected. 15min downtrend angle incremental by approximately 10 degree. SL adjusted for tighter loss and maybe breakeven later.

Simple System for anyone

A trend = It doesn't look back at previous points, it just move towards a direction. A range = It check it's side mirrors and decide when to stop and turn. Personally I felt a range is much easier to trade than a trend, because of it's ...

Maximizing the winners

Good opportunity to short, 86.40, SL = 86.55/60 and trailing stop = 86.55/60. TP = 86.30, 86.20, 86.10

Simple System for anyone

So boring yet a bit happy as most of my savings I invested in Asia stocks Aug 2011 (during bad times) finally put me up at 30% gain, breaking new high of this 2 years. Gonna sit on it and see how it goes months or years ahead.

Simple System for anyone

Longer term outlook.

Simple System for anyone

Aww, missed this as well from US unemployment claims. Technically reversed from channel too. Gonna monitor this and wait for a retracement to re-enter at daily chart.

Simple System for anyone

Aww, I'm hurt missed TP by a pip, and it hit my SL instead when I'm out.

Simple System for anyone

Outlook on H1 chart for my short term entry. Lets see if it sit on the trend line or the S/R region.

Simple System for anyone

Look like one good opportunity, may adjust TP if I am in front of chart

Simple System for anyone

My probability of flip coin is 100%, dont bash me! video

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I think the discussion is swerving off topic, and the informations discussed in recent threads are misleading to newbies like me. Of cos I have no rights to mention it since its not my thread, but I have to admit the discussions here benefit many ...

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