Jay, was just curious where you got this level from? I can usually scroll back and find the S/D zone that you base your trades on but this one has me confused. Looks like it worked out though.
cc
here’s a ver newbie question, when one says “risking 0.15%” what does that specifically mean? Not willing to lose anymore than a leveraged or unleveraged 0.15% of investment?
It means if SL hit you will lose .15% of your trading funds.
Nb this is different from margin, due to leverage.
This is a great thread. I have been trading live over 4 years. Not a newby, but not a pro by any means. And i have learned a lot on this thread. Your risk and money management to me is outstanding.
LONG AUD/USD now filled 1.0485
40 pip stop
60 pip target
risking 0.50%
Also…long on eur/usd at 1.2992, 35 pip stop, 45 pip 1st target, 65 pip 2nd target, risking 0.40%
long eur/usd at maret… jrisking 0.35%… filled 2996.
Stop 30 pips, target 30 pips… and other order on eur/usd long cancelled
closed HALF eur/usd long…
letting the rest go to 3045
wow… f’ing great. target filled on eur/usd. fast and easy so far tonight.
Jay
closed half of AUD/USD long out at 10 pip loss… just reducing risk.
just filled long aud/cad - stop 35 pips, target 45 pips…risking 0.10% 1.0580
long eur/usd at market filled 1.3038
20 pip stop
40 pip target
risking 0.15%
clsoed half of eur/usd out at BE+1 pip
stops on eur/usd long moved up to 1.3026
long aud/usd at 1.0465. already filled.
stop 40 pips, target 60, risking 0.20%
short eur/usd - 40 pip stop, 40 pip target, risking 0.20%
short usd/cad 1.0102
stop 35 stop
target 45 target
risking 0.35%
short eur/usd - 20 pip stop, 55 target, risking 0.15% from 1.0322
closed all eur/usd out at 1.3012
closed aud/cad long @1.0589