MajorMagnuM
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ok that was bad, instant 100 against me
sol GU @ 24
Back now for a bit
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2 Should I be also looking at getting into trading GOLD - especially after all the success MM has had on it recently ???
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Its irrelevant what you do in your own account , i am basing my calculations on your posts in this thread , and your own levels , a buy land stays so until you change bias , its your own words and strategy , anyway your long triggered again causing a loss of -5 pips in cable , infact more than once but lets say once ...
I am sorry if you - or any other trader lost 5 pips on the GU after it went up over 32 ( scalp buy land) only to make 39 and then fall heavily under 31
I still say now as an approx guide -
Above 31 and 39 - more scalp buys - but dont wait for 5 pip losses if you go out of the black
ie if you are up at 48 and it drops to 42 - 6 pips thats OK - you are still up in the black
Similar under 31 - ie 30 and below - scalp sell land - but as we know we need under 17 and no retrace over 5 pips from entry to stay in a sell
A trend to me is any movement over 3 pips - ie 4 pips or 400 pips - both trends
I would love all my scalps to be over 20 pips - but everyday I sometimes have to except just 2 or 4 pip - or even minus 3 pips rather than just waiting for a 5 pip stop to exit
Hope that helps
Regards
F
Your triggered short FXM @ 19 now where you exit ?
sold GU@20
Stop @ 24
Your triggered short FXM @ 19 now where you exit ?
FXM you are short again at 19