Shorted eurgbp at .8486 with 10,000 contract and 10 pip TP …
I see… So, basically you let the price run its course and let it ride even in a red as long as your fundamental bias is the same but if it change then you change your decision and close it. Hope I got that right. Thanks!
[QUOTE=“PipNRoll;489604”]
I see… So, basically you let the price run its course and let it ride even in a red as long
[QUOTE=“Bitterseatrader;489600”]
I’ve been using a wider stop these days also, if the technicals and the fundamentals add up
I see…I guess having a flexibility on trades especially if it goes against you in the beginning, could have at least make up the loses. Though, it can be tricky because you don’t want to do a revenge trade and hoping to get it back in 1 trade. It takes practice I guess.
hey, just wondering (sorry, this has probably been asked before), what are your sources for building your bias? which feeds, urls or whatever? and how do you determine that a number that is going to be released will be better/worse than expected? so obviously you try to have an expectation yourself that is closer to the real numbers than the actual expectations by the market experts.
edit: also something else. have you tried aiming for 15 or 20 pips for example? (or setting your initial SL to lets say 300 pips? but the tp is more important). shouldnt it be pretty almost as likely to hit those 20 pips instead of 10 if your fundamental reasons are correct? and it would double your RR if you will (i know you dont really like RR, but still).
edit2: or another idea. dont set a TP at all (but an emergency SL) and only close the position once your fundamental reason changes (the same reason you take for closing at a loss manually).
cheers
[QUOTE=“ILovePizzaMore;489602”]Shorted eurgbp at .8486 with 10,000 contract and 10 pip TP …
<img src=
[QUOTE=“TopFroxx;489619”]hey, just wondering (sorry, this has probably been asked before), what are your sources for building your bias? which feeds, urls or term bias for a pair… Often
[QUOTE=“ILovePizzaMore;489822”]Shorted Eurcad at 1.3171 with 10000 contract and 10 pip TP.
<img src=“http://forums.babypips.com/attachment.php?attachmentid=45837”/>[/QUOTE]
Annnnd… TP hit for $10 profit. ThisATTACH]45839[/ATTACH]
[QUOTE="ILovePizzaMore;
I should have read this before going long on the pound (from 1.52361)
I based it on the claimant count, and entered after a retracement plus there’s a break of the one hour descending trend line. (I see you have been using trend lines as well).
Now I will have to hang onto it and probably get whipped around during the inflation report.
I’m also long on the euraud, but that’s purely a technical setup. The bad German figures didn’t do much to this pair…yet. I’m long from 1.30788
I closed my euraud for a loss of 25 pips.
The gbpusd was up 30 pips at one stage, its down to 13 now. I’ll wait and see
I closed the pound just below break even (-4 pips).
I really should have taken the 30 pips.
[QUOTE=“ILovePizzaMore;490070”]I’ve got a short audnzd limit for 10,000 at 1.2050 with a ten pip TP…
We’ve got an ascending trend line that I’m watching that may break down soon.
Sold eurgbp … Details in screenshot.
In a nutshell, last nights releases were disappointing for euro area economic growth
