[QUOTE=“Mr Gone;552941”]
My SL is tight and I cannot afford a widden spread.[/QUOTE]
How tight?
ILovePizzaMore:
How tight?
50 pips for daily charts and it could stay open for at least 4 days. I am a small and fast boat on a deep rough ocean.
Remember I am not watching news neither charts and I don’t try to catch any market movements with what you post here but instead I try to put the puzzle togheter and try to spot what you are missing. Like an elimination process but in reverse.
peterma
October 22, 2013, 2:00pm
24
peterma:
Now supposing you looked at aud/usd chart now , if you took last night’s Asian session high and low, found it’s mid point which sits at 9620.
Now supposing you were kinda silly and went and added 4 pips plus 2 pips for the spread and set a buy order at 9626 just before London Opening (i.e. just after my post this morning).
Hmmm entry would be one hour later - just at LO - low of candle …9625.
TA combined with Fundies - and not a pinbar, hammer, shooting star, spinning top and all that other silly stuff in sight - not even our old friend, the unmentionable P.A.
Hmm… no, don’t tell me it’s only Tuesday - midway in Asian Session 9654, add 6 … 9660 entry buy - drawdown -7 pips.