Buy Window Ii
We have lots of techniques to take care of that situation in live trading, but I'll give out just 2 for now;
1.. You could decide beforehand, to execute just 70 -80% of your target for prudent reasons or 2. You could use a trailing stop of 15 to 25 pips when your trade is in profit
Well, fxlillian,price on the GBPUSD actually went up to 1.9595 before going down to our buy window.Since you got the answer in a way, you are now entitled to a 3 day intensive one-on-one coaching class on the CHART PATTERN RECOGNITION AND PRICE PROJECTION STRATEGY.Please contact me through email when you are ready.Since its going to be through online means, have a headphone mic with a cam ready when coming to the trading room,ok.
Hi fellow currency traders,
so lets see what happened this morning.
1.9596-1.9440=0.0156
0.0156*0.6=0.00936
1.9596-0.00936=1.9502(BUY WINDOW)
so, at this point, we should be looking to buy on the retracement once price hits our BUY WINDOW to the upside.
Hello again Stallion,
I continue to learn from this all your teachings on this thread. Thanks again.
I have a question about profit targets - what do you do if your trade is in profit but does not hit your target by the end of the day? Do you also use a time stop for closing out a trade?
We have lots of techniques to take care of that situation in live trading, but I'll give out just 2 for now;
1.. You could decide beforehand, to execute just 70 -80% of your target for prudent reasons or 2. You could use a trailing stop of 15 to 25 pips when your trade is in profit
hi stallion,am still trying 2 chew on wat you did up there but i think it might go up to 1.9595
Well, fxlillian,price on the GBPUSD actually went up to 1.9595 before going down to our buy window.Since you got the answer in a way, you are now entitled to a 3 day intensive one-on-one coaching class on the CHART PATTERN RECOGNITION AND PRICE PROJECTION STRATEGY.Please contact me through email when you are ready.Since its going to be through online means, have a headphone mic with a cam ready when coming to the trading room,ok.
Hi, cako, the chatroom is on top of the forum page when you log in after registering. Its just some few technical issues that are being worked on the site(mainly the chatroom) recently. I'll let you know when everything is settled.Thanx.Stallion, i saw before chat room on your site.
I tried to log in few times but there was no one online
Is that the chat room on top of the forum page?
Thanx
Well, from what was written above, who could help project where price on GBPUSD is going to be by market open on Monday?
First 2 traders that gets the price right BEFORE MONDAY OPEN would have FREE coaching sessions on the CHART PATTERN RECOGNITION AND PRICE PROJECTION STRATEGY.
Please feel free to ask any questions or make any comments.
Hi fellow currency traders,
so lets see what happened this morning.
1.9596-1.9440=0.0156
0.0156*0.6=0.00936
1.9596-0.00936=1.9502(BUY WINDOW)
so, at this point, we should be looking to buy on the retracement once price hits our BUY WINDOW to the upside.