Nice I’ve just upgraded to £3 per point this morning but £20! I’d be a schizophrenic trading that much, every pip move against me and I’d be back to the conspiracy days. HA!
haha I had a heart attack last year when I did £100 a point for a few short term trades!!!
i like to have several positions. even up to 5 or so depending on possible targets. if i see a possible bigger move with a lot of possible targets, then this is the easiest way for me.
That’s when you know it’s too much!
Yes, granted, I started in September at £0.50p per point and now after my new deposit means I can trade at £3.00p per point at 3% max risk, mainly 1-2%. When my accounts at £30k that’s when I suppose I’ll be at £20 per point. Then 1 shot one kill 50 pippers will be nice salary
fiber and cable hovering there now, cable just under recent highs… again, perfect situation to be long! i like to think of my trading style 2 years ago and take that as confirmation. 2 years ago i would have gone short now, because of the “resistance” very close and price seems to not be going up anymore (because of the hovering). so i could only risk a few pips and aim for the whole range down. this probably did not even work out once, so now i’m pretty damn comfortable that the highs will break players just accumulating positions now for the big push. actually the hovering is pretty awesome, because i think there might be a bigger move around the corner
Thanks for the comments guys, appreciate the feedback!
I think you’re right, in the long run, 2 positions is probably the way to go, one with open TP and the other with my set 30 pips standard.
This is much more fun reading everyone’s entry points and taking profits when offered.
Took the trade 6 pips above the 1st OTE on EURUSD because it takes longer to set up each trade in the software I currently use. Everything has to be done manually and you are not able to split the trade once under way. So for double tap 2 orders have to be filled in.
Entry point 1.32942
Breakeven set at 1.33677
1st Target set at 1.34303
Also took EURAUD on the OTE that formed at about the same time.
Entry 1.25961
Breakeven 1.26459
1st target 1.26924
Breakeven hit and remaining SL moved up to breakeven point. Was tripped around 8:15 this morning.
Agree
The trouble with one position is that partial closes require an EA, which I never fully trust
I usually open three positions
- 30 pip TP
- TP on stop at 15 pips from penultimate M15 swing point (three bar)
- TP at higher profit eg H1 200 Fib Extension with other confluences. Stop at BE and then 20 pips under penultimate m15 swing point
sometimes (3) comes before (2)
Believe that’s referred to as the LO and NYO
If this binary option comes off today it will bag me £5,500!!!
EUR/USD needs to touch 1.3420 before 8pm tonight.
Cost me £390.50 to enter it, if it hits, £5,500 will be collected!!
Got my fingers and toes crossed! Out in London with work tomorrow night, so if this comes in I will be spraying Champagne all over! LOL :51:
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lol, Q.E.D.
I keep looking at Binaries, they seem very good risk to reward. I’ve got an IG account too so maybe I should look at little more. They do have certain value if your in sync with the market.
Yeah the one touch ones that have a really good risk to reward are definitely worth a go if you are expecting/hoping for a big move on the day!
Yep, there the ones, the weekly and monthly ladders too. Nice one.
I never really understood binary options…? If it touches 1.3420, who is paying you the 5500 pounds? Is it like betting, where your broker pays you?
I’m long on the fiber, so I’m rooting for you! :35:
Hi Esser
Thanks!!!
Yeah IG Index will pay me if it hits before 8pm tonight
Cheers
Andrew