Quote:
Originally Posted by rrram2
If you are long from there why dont you sell some for profits!
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I must not have said that right. After my very successful run last night I ended up flat this morning. I started to place new buy limit orders starting at 207.79 (actually I did two before that that quickly profited.) Since the pair has been moving down and I am not at home I am just automatically picking up open ended trades every ten pips from 207.79 (which probably wasn't even triggered.) I do not know if any have recycled back up to TP. Maybe some have. But I am on autopilot now until I get home...figure a bunch of these are in position right now creating our coveted profit making drawdown!!
I am just worried, after your posts about the drop due to news, that we will not be coming back up this high (208). You said to "try to be flat"...how do you try to be flat? If it keeps dropping, simply stopping your buy limit orders will not help the ones already opened to close. It will stop the drawdown, but not help you go flat. The only thing I think you might mean by that is to not place the buy limits too close to the top (208). That is why I asked if I was OK to start that high....
Todd