jimmy.wibisono
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I am short
hi Mr faxfax..
when the right time to take a short position today?
I am short
hi Mr faxfax..
when the right time to take a short position today?
hi Jyotiprakash Pal;
I don't know if this is a forum to do this. But if yes, I would like to hear a bit more about the strategy that you're describing. An almost no loss strategy is pretty cool.
sincererly
mjunkyard
:err: its not no loss strategy .... I enter into Agreement area's .using Fibonacchi and support/resitance levels . .. so i get logical bounce .. i set a stoploss of 20-30 close 1 lot on samestoploss and next lot i dun change take profit and stoploss .. its turn into free trade .. :err: so in that case that trade if hit stoploss .. its still no loss no gain trade .. just like i eat some pips on GBP/USD using Fibo tools and Andrew's Pitchfork .. There is nothing like that i dun loose .. if i trade 10 then i loss 3-4 .. for sure .. but due too money managment .. all of my trade got saved ! sometime some news Strike my trade :O as well .. :unhappy:
Attach a Recent Trade taken by me .. on GBP/USD and EuroGBP(Closed it hit Trail stop)using Andrews Pitchfork.. greens are well saved now..also attaching the book .. if you find this interesting..
Hi Jyotiprakash
Nice, quest pal.
What can I say...
1. you may go farther and fare worse
2. the best is oftentimes the enemy of the good
Etc...
The major task for us is to find trading approach that is most suitable to us from all point of view - timing, personality, psyche etc. Of cause it has to be profitable.
May de you've found it already?
If not - investigate other tools, who knows, may be you will get even better results.
Thank you so much sir ..feeling positive now
It looks like I have missed the trade
It reached 1,4485. What now? Wait for kiss goodbye to 1,4450 for entering long, or it's too late?
Hi Mjunkyard,Hi Sive;
You mentioned the NFP in your video today.
I would like to ask you something about it. I can't seem to understand the behavior of the market in reaction to the news.
On the one hand; Low numbers is bad to the dollar and therefore the eur is meant to shoot up.
On the other hand; Low numbers is bad for the US economy so the market crashes and it causes major risk aversion and the dollar moves up due to it's correlation to the markets.
Would you please share you're rich experience with us?
sincerely
Mjunkyard
Instincts can fool even Master Sive sometimes. It went up really slow but then spiked hard. Good advice though: SL to break-even. Foolish me I closed very good position too early instead of just moving stops.