Posts by "alan111s"

Ashraf

Please don't misunderstand me. I am not saying that you are incorrectly calling your trades 'hit all targets' when they haven't.

It's just depending on how one sets up entry, you may be able to call a trade filled, but your clients may not, depending on their risk appetite.

The example I gave was a really good one where your entry range was 1.3450 - 1.3500 and the trade was 'filled' because price spiked 1.3451. The Stop Loss was 1.3530. I personally didn't want 80 pips to my stop so I set my entry price higher and missed the trade.

Because I am in Australia and a lot of the action happens during US session, I regularly have to set and forget trades rather than wait for a technical signal. With the choppiness, over the last few months, I have found it very hard to pick the right trades, so am trying to maximize Risk Reward ratio, by waiting until price nears the end of the range closest to the Stop Loss level before entering. I'm also learning how to judge trades by confidence level and only take the ones with a confluence of factors.

Now I know you are very likely say no to this, but have you considered adding a kind of confidence indicator to your trades, or is that 'a can of worms' that you don't want to go near?

Regards

Alan



I don't know what the answer is - At one point I set e

jacek

5 waves down to 1.0047, so far only 1 wave up to 1.0180, so maybe brief pullback then up.....

No, I didn't take it. I was watching levels about 11pm Melbourne time last night (NY open) CAD was 1.012 and EUR about 1.382. Anyway, it all looked bullish and risk on at the time so I passed, which was correct at the time as USD went down for about an hour after I went to bed. Sometimes the time diff really p...s me off! Should have gone with it but have been burnt a few times recently with overnight moves.

Anyway, not doing too well with AL's premium trades, keep taking the stoppers and missing the 'hit all targets'.... am back to my account opening levels when I was 25% up about a month ago.

Am trying to decide whether to stick with day trading or move into longer term swing.

What effect on the EUR would a 60% haircut of Greece's debt have?

NZDUSD @ 0.7655 right now after dual ratings agency downgrades. Some analysts are talking about it moving down to 0.71. Realistic?