Trade Idea

[kassydee1]

Theres two way to do this. Say the trade size is .1 what you do is close .05 and the other .05 will stay open until you choose to close it or you can also do two separate orders of .05 each and set different target levels for both. Not all platforms allows this. With some platforms what you have to do is buy or sell an amount in the opposite direction of your trade to close out a portion. For eg. if you long 200,000 units to close out a portion say half you would have to sell 100,000 units.

Thanks cad, but i do not know how i can close the first .05 and let the other ride. can you pls teach or tell me how to go about it? Sorry if it seems funny, i'm still a baby in this world. Thanks

[DRA]

Thanks cad, but i do not know how i can close the first .05 and let the other ride. can you pls teach or tell me how to go about it? Sorry if it seems funny, i'm still a baby in this world. Thanks

What platform are you using? If it is MT4 expand the trades window(at the bottom of the window) then right click on the particular order you want to close, select "Closed Order" in the window that pops up enter the amount you want to close in the volumes section then select "Close" below.

[DRA]

The evening star shown on the weekly chart is a possible end to the retrace. We might see a bearish swing to test previous lows in the days ahead. Look for short entries on daily and 4H.

[kassydee1]

Thanks i'm so grateful

[kassydee1]

The evening star shown on the weekly chart is a possible end to the retrace. We might see a bearish swing to test previous lows in the days ahead. Look for short entries on daily and 4H.

Hi cad,could you please make your attached image clearer? i can't really understand the chart. Thanks once again

[nev]

Seems we have two different trading personality. Whether it be 20 or 100 pips profit you have to exercise some form of patience to succeed in this business of trading. Also you have to believe in your strategy once it has been tested and prove to work by back testing on historical data and in live market conditions.

Only I think yours probably survives in the long run, there's way too much error particularly in discipline for sticking to the plan on my end lol. After all the more frequent your signals come the more likely you are to take sub-par ones on a bad day etc. Yeh I definitely need to see some definitive results (+10 pips after 2 weeks of active trading with a gross win/loss of several hundred pips isn't very helpful lol). Still playing with small 1k-10k lots atm - having just been linked to a simulator in newbie island it'll allow for alot more rigorous practice (at the cost of accurate live conditions, pretending I can't see the news result and having to run several platforms at once to have access to different time frames can get annoying lol).

GBPUSD took off during early asian to a december weekly high of 1.6410s after all, didn't see a scheduled news announcement for around 0000 0200 GMT either - no doubt aided by the USD bank holiday I guess - seems just playing things by the trend & PA alone really would pay off in these cases

[DRA]

The evening star shown on the weekly chart is a possible end to the retrace. We might see a bearish swing to test previous lows in the days ahead. Look for short entries on daily and 4H.

Double top formation on 4H, short entry after the engulfing bearish formation. Target 87.50, Stop Loss just above the 618.

[DRA]

Daily chart showing reversal candle formation at a possible extension/wave completion. We might see a rally before it dip lower. Long entry taken after yesterdays close, stop loss placed below the low, profit target 1.4950.

This trade is still open, not looking so well now, its within 7 pips to my stop at 1.4700.

[DRA]

Will weekly support hold? Daily chart showing MS/morning star(reversal candle formation) at support. Short term bullish bias. Stop on daily entry is 200 pips so look for long entries on smaller time frames. Target 1.6000.
EURCAD has a similar set up.

[DRA]

This trade is still open, not looking so well now, its within 7 pips to my stop at 1.4700.

Stop Loss hit.....a loss of -76 pips. Weekly chart still at support, its possible we might see a bounce here.