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59 Posts Total by "trading":
57 Posts by member
Trading
(LONDON, United Kingdom)
2 Posts by Anonymous "trading":
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Trading
LONDON, UK
Posts: 57
13 years ago
Sep 19, 2011 8:07
In Thread: EUR
"I use a RANGE for entries and limits in order to clarify to readers the RANGE in which it is OK to get in. Giving ONE SINGLE price for getting in is unrealistic. If say you got in with a LONG at the LOWER end, then it makes sense to use the HIGHER end of the limit for your target. If you saw the trades at a time when the price was at the MIDPOINT, then it makes sense to use the midpoint (or higher) as the limit. You could also ADD MORE LOTS into the higher entries for higher limits. "

Also, make sure your RR is at least 1:1.
On many trades ir you enter a long at the higher end of the entry range, but target the higher end of the limit range, you will find the stop loss will be more than your potential profit.
Ideally, make RR > 1:1
Trading
LONDON, UK
Posts: 57
13 years ago
Sep 17, 2011 10:20
In Thread: EUR
Limit means take profit, stop means close trade at loss.
You do however also use a limit to enter the trade, they are just types of orders.
Here:http://www.learnmoney.co.uk/spread-betting/orders-1.html
Trading
LONDON, UK
Posts: 57
13 years ago
Sep 16, 2011 15:19
In Thread: EUR
long from 3780 yesterday's value range
Trading
LONDON, UK
Posts: 57
13 years ago
Sep 16, 2011 13:46
In Thread: EUR
Yes, apologies about the name calling, as said I retracted that later.
It would simply be more transparent to have an overall PL, it is frustrating as a trader to see tweets all about winning trades when the entire week has actually been break even trading.
Trading
LONDON, UK
Posts: 57
13 years ago
Sep 16, 2011 11:40
In Thread: EUR
I should add I don't think he is a conman, it's just frustrating hearing him only market his positive trades.
he needs to put more explanation so we don't feel that
Trading
LONDON, UK
Posts: 57
13 years ago
Sep 16, 2011 11:33
In Thread: EUR
Well, he needs to explain why he was shorting the euro when it was so oversold and a Daily bottoming candle formed...
he went long yesterday way too late and got stopped out as well.
Seems a bit like chasing the trade.
Trading
LONDON, UK
Posts: 57
13 years ago
Sep 16, 2011 11:08
In Thread: EUR
yeah, he had losing trades last week. he said something like 6 out of 9 were profitable but it was more like 50:50. This week is also 50:50
Trading
LONDON, UK
Posts: 57
13 years ago
Sep 16, 2011 9:54
In Thread: EUR
He should put his losers on as well. By only listing his winners he gets new subscribers. If those subscribers knew he was break even or at a loss over the last 2 weeks then they would not join.
Trading
LONDON, UK
Posts: 57
13 years ago
Sep 16, 2011 8:38
In Thread: EUR
No, I went long from 3650.
Ashraf's comment was to get long again as there was 70-90 pips left.
It's quite annoying that he onlt talks about his winning trades - he has all the trademarks of a conman.
Trading
LONDON, UK
Posts: 57
13 years ago
Sep 16, 2011 8:22
In Thread: EUR
Ashraf stopped out on another euro trade.
Buying the top it seems.
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