Richard Hill Forex Net Trap

[Claviceps]

Morning all,
MNT banked at 06.50-sweet !
Clear signal today , whilst I have no idea how far the current trend will go ,there is no real reason to suppose it won't make another fifty ,it may or it may not .
Take a look at a slightly longer term chart and you'll see its got plenty of scope to go where it will.

 

[Denman]

Mnt + 10

 

[Melb]

Mnt + 10

I take it your entries were not at the strict NT/MNT level...

 

[thelurker1]

I am seem to be at a loss at the minuate and close to be stopeed out!

I placed an order and it sat in working orders for a few minutes beofe becoming an open order, would this mean I was not ententered at the right moment

Confused!

 

[peterf1966]

I take it your entries were not at the strict NT/MNT level...

that what i thought...mini instant net trap? MINT, is born..

flirting at stop level now

 

[Melb]

that what i thought...mini instant net trap? MINT, is born..

flirting at stop level now

Was reluctant to enter this morning as this is classic range bound stuff - heads or tails?

 

[BigBrassBalls]

Limited risk account holders stopped out!

 

[Denman]

I take it your entries were not at the strict NT/MNT level...

MNT opened at 14700 (just b4 0630) closed at 14690.
I place the MNT first then try to place NT at 0630hrs. Not sure what 'strict' rules are for MNT, but if I am doing it wrong please correct me as, hopefully, I want to be following the majority on here:?:. Remember I am a newbie.

 

[peterf1966]

MNT opened at 14700 (just b4 0630) closed at 14690.
I place the MNT first then try to place NT at 0630hrs. Not sure what 'strict' rules are for MNT, but if I am doing it wrong please correct me as, hopefully, I want to be following the majority on here:?:. Remember I am a newbie.

that's MINT , MNT and NT have the same entry position, but as you say there's no strict rules, as MNT is not part of NT, so a good call today by you.

I stuck with NT today. still in and looking better now :clover:

 

[tjw]

I am seem to be at a loss at the minuate and close to be stopeed out!

I placed an order and it sat in working orders for a few minutes beofe becoming an open order, would this mean I was not ententered at the right moment

Confused!

The same happened to me, not sure why though.

 

[Melb]

Mnt +10

 

[mark120169]

Mini Net trap MNT stopped out today on vanilla NT due to only 27 pip stop travel on a sell order.

Sell 14691 limit 14681 stop 14721

June TD 0 (Wins x 9 +90 loss x 3 -90)



M

p.s For those that could have avoided Monday 7/6/10 and thursday 17/6/10 unfortunate losses due to tighter spreads than IG 3 pips or running a 33 stop limit on a sell order MNT would be +70 for June to date.

 

[peterf1966]

The same happened to me, not sure why though.

are you on IG index perchance? Some slippage again...

I did place an order for MNT, I realised I still had the chance after I posted - did it just time too.:cheesy:

trailed NT to entry now..MNT profit is locked in, sweet as.

 

[mark120169]

Limited risk account holders stopped out!

Remember RH recommends that Limit Risk acc holders set a limit of 47 and a stop of 33 to compensate.

Also all NTer's remember the hard luck of monday 7th June. Well since then I awlays set a stop on a sell order to 33 to ensure I get the full 30 pips of "stop travel" once you factor in the spread.

M

 

[Gregus83]

MNT+10 and NT+47 with placing the trade at the open of the 6.30.

Must admit, when I came back to check I was expecting to have been stopped out!

 

[mark120169]

are you on IG index perchance? Some slippage again...

I did place an order for MNT, I realised I still had the chance after I posted - did it just time too.:cheesy:

hovering around +30, looks like a NT trailing stop day too!

M

 

[Melb]

Yep NT stop moved to break even so worst outcome for me is MNT +10

 

[thelurker1]

how do you move your stop losss so can bank profit?

 

[Melb]

how do you move your stop losss so can bank profit?

Click on the arrow tab on the open order and select 'edit position'....

 

[Melb]

Yep NT stop moved to break even so worst outcome for me is MNT +10

Moved my NT stop again to lock in +10 [14681]