Should I get out? I’m long but the daily and monthly are against me.
long in what time frame?
what is your entry, target, stop loss?
(i think you must give more information than you did, for people to answer?)
4 hr says, book your profits, you can always get back in.
The Ever Inefficient But Ever Green VIPER
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Entry was at 108.85. stoploss at 108.55. I feel like the trade has 40 more pips for the 1 hr to return to the mean. I am at my first Target which is on the 38.2 fib. The 50% fib would complete and equal measure move.
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thank you
i do not make decisions from mean reversion or fibs at all, but i think the viper is quite right that “you can always get back in” and i find this principle helpful if the position is not clear, i err on the side of exit
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You never lose booking a profit 
I’m going to write something up on how traders become investors and then collectors, usually of losing positions. 
Its bumping 109.47, that is the last closest high, you need to be very convinced that it will breakout above this point right now, if not, it might slide right back to your entry.
The Ever Booking Profits VIPER
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Sorry. I meant to give more info. Not home and get an alert on my phone. Didn’t really like what I saw. May take profit and catch the ride back down if a signal shows . Thanks for the responses guys!
I’ve just started trading again with a small account after taking about 6 months getting my mind clear of indicators and truly learning price action. It’s been going well so far. Going to do the smart thing and take profit.
I’m not trying to offend you-- but, saying “it’s been going well so far” yet you are asking other members to make a trading decision for you, does not equate to things “going well so far”.
Every single decision needs to be made by you and you only. You’ll get one answer today, a different one tomorrow, and another the next posting a question like this.
What do YOU think you should do? What is your goal here?
Here’s my simple response: Yes. Get out now. And don’t get into another single trade, not even a $0.01 worth until you know the exact price where you will “get out” before the position is even put on! You’re winging it!
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Wow…ok…already had my mind made up where my 1st exit was. Just wanted to know if others saw what I did. I think I will stick to live trading though. 120 pips for me this week is acceptable to me.
Wow, and da peeps complain about me being harsh hehehehehehe. Well said, especially the part about the exit.
The Ever Exiting Stage Left VIPER
CMD, you are welcome.
The Ever Wondering About The Role Of Pride With Ingratitude VIPER
I do always appreciate the words of wisdom. Thanks guys.
No prob, and I appreciate your appreciation 
The deal is, and I am sure you are aware of it, we, meaning the “kids” sitting at the outsiders table at lunch, don’t get paid, so anything we do is out of the kindness of our hearts, or livers, or maybe pancreas. So a thank you goes a long way to receive more guidance. Also, my being a Southerner at heart, the need for proper social protocols are important to me.
One more thing, you instinctively knew you had to get out, use that, and build on it, you are a trader, to make money you have to be proactive in your assessment, if you were an investor, well a 20 yr time frame, who knows. One of the most damaging things to a relatively new trader is seeing a gain become a loss, again work on refining this ability, never forget, the market will be there for you to reenter. I have not taken a trade for about 2 weeks or so, I don’t like this time of year, because the volume is low. But I know that come the middle of September, the market will still be there, barring a Yellowstone eruption or the passing of Nibiru.
So basically, I have taken profits, and am out waiting for certain parameters to be met before I reenter. So Trade Well and have a great day
The Ever Helpful VIPER
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If anyone thought I was short or unappreciative, I apologize. That’s not me. I ended up having a lot going on. Therefore the short ,not well thought out statements/ questions. Question, how many markets should a new trader focus on? I’ve read where some say 3 to 5. Thanks in advance!
This is a very subjective opinion, and others will disagree, but I think a Trader who is just starting out should start with one pair, and learn it well. Many start with EUR/USD, for those in Europe and USA it is a natural. There is movement during the day on both sides of the pond and generally a lot of volume. This allows you to learn how it reacts to news, announcements, holidays, etc. It’s like inter day trading stocks, to build a basket, you need to learn each one individually.
After you are profitable with you first pair add another, some add the EUR/JPY, this pair is heavily traded by big swinging Pro’s, once you understand it, there are very good profits to be made, along with the possibility of having the time to get out at break even if you are on the wrong side, which I have been able to do far more than on the EUR. But it moves very differently than the EUR
So bottom line, learn one well, then add another.
The Ever Self Assured VIPER
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Double up once break even close the trade.than u hv zero lost 
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Yes, a sound plan if I ever heard one 
The Never Doubling Down VIPER
i am agree with this, maximum of two, but know one very well first
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Thanks guys. Only trading mini lots but having a good week. Trusting the process. I’ve only been trading 2 so far. NZD/USD and EUR/USD. When I was demo trading those were the one I traded