Hi Dennis
this is really creative strategy. Well done!
could you please also share how you setup stop lose and take profit method?
how can you determin the trend is over and take the profit?
Thank you!
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This is entirely on you and your comfort, I like wide stops like 500 pips wide, others will not let a trade go below -100 pips, for profits, if in more than one contract taking 100 pip profit on half your position and let the rest run with a breakeven stop is a good beginner way to get started
You can never know for sure, just know you will never take profit at the top( or bottom) , just don’t let a winner turn into a loser and you should be fine
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Top Trade NZDJPY is at the +500 pip mark,
I love how Strong Weak does not get us into this trade until the old trend has clearly been broken
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Thank you so much for your reply, Dennis.
one more question:
do you always trade only two currency: the strongest and weakest one.
or possible check others : top2, or bottom 2?
Thank you
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These are some incredible negative numbers
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Sure, stick to your favorite pairs
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Another red day
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and they always fall a lot quicker
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It’s just a sea of red to end the week
American politics is a mess, wars are breaking out all over the world and the US has a man in the White House unable to perform his duties. It would seem the markets might be finally taking notice
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Wow! and I thought Friday was bad
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These are some epic numbers we are seeing
Take your pick, NZD or AUD/JPY this is a months worth of pips in just two days
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More Troubles for stocks, the DOW alone saw a 700-point slide from its session high, Yen pairs on the other hand had their own dead cat bounce but unlike stocks, they were able to hold on to most of their gains
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Yen pairs are slowly clawing back, but have we seen the low?
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Big Announcement
Next week I will start my hike on the Appalachian Trail
I am doing the southern half from Georgia to West Virginia ( 1,000 miles) I will be gone for up to 3 months. I plan to continue this thread when I return
Wish me safe travels, and I wish all of you profitable trading in my absence
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Enjoy and best of luck Dennis
John
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