Hi Dale, I am starting to follow gbp/jpy with the "simple little system" on the 1hr timeframe and I had a quick question.. if you place a stop order at the close of a candle, the hour goes by and the candle closes without the order being triggered, yet the candle still closed in the same direction, do you leave the stop order price alone or do you change it to the high/low plus the spread of the candle that just closed?
Also, to answer your question about my volatility trades, the aud/jpy would still be in profit if the sar is hit, about 150 pips or so right now. The usd/cad trade which was just opened several days ago would be closed at a loss of about 200 pips right now, though usd/cad has been ranging lately and the sar point is getting closer to the price so this should be reduced. I'm nervous about gold today, it looks like it is going to close low enough to enter a volatility trade, if it does I will enter it, but probably a pretty small trade size though.
|