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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
ur missing the long term perspective and ur counting is right but still ur missing the long term perscpective. once u have it u will enter a trade and go to sleep and wake up with fat profit.
take the eurusd dynamic from 2005 to now
shane trading with a partner sure makes your objectives more clear (macrosam) all for it maby twitter never used chat messenger
1) Take your profits. Take them, do not lose them. Take them. Set a target and if it gets hit, take your profits.
2) Set a clear defined trade objective. Clearly identify what bet it is you are making, and if it succeeds, take profits. If the bet is not developing in the manner you envisioned, close out that position as soon as possible. This also encourages that one specify their entry and exit more precisely than otherwise would be done. I've found that when one is willing to say that they are ready to take a 150 pip move against them, that they have failed to set a stop loss 100 - 120 pips earlier and that this wide stop is the result of failure to plan accordingly Why would anyone need to set a stop as wide as 100 - 150 pips? Because of poor entry and planning.
I believe its time for you to add a chat messenger to your site. Rrose if you are interested to work as a team count me in add me to your messenger yshahnawaz@hotmail.com.