10.4/10.5 trades only

[cmeade2]

It's interesting that most of the pairs that had a good day yesterday have all had large retraces back to one of their weekly lines. And now they seem to be bouncing off the lines back in the direction of the trend.

Here is the EurNzd as an example.

[spotdespot]

I'm still not convinced about scaling in. For example if this trade was a full position from the first entry it would be a little bit in profit rather than in a loss:

On the flipside, with the following NZDCAD position if my first entry was a full position I'd be in huge DD:

Anyway, 10.5 is very fun to trade. I still need to work out what sort of money management suits best for me

After a few positions have been triggered and are in profit setting the trades to a "basket" breakeven is something I am working on and it would have avoided any drawdown on the AUDCAD.

With the NZDCAD one, as you say, that would have been unpleasant with a single big lot position.

Definitely each to their own in terms of money management. For me the scaling in is far less risk and a no brainer for my risk appetite - the key challenge for me is when to set trades to BE, as if it is done too early you miss a lot of potential. As yet I haven't managed to get this right.

Cheers,
Dave.

[Jemook]

Cheers Dave, I started a thread about scaling here hopefully someone can put our minds at ease:

http://www.stevehopwoodforex.com/phpBB3 ... =37&t=2188

I think fixed lot size position isn't the answer either and I may end up switching to risking a fixed % over 1 position with a SL way past the other side of the 240 line and just close any position before price gets anywhere near the SL.

[art]

hi guys amazing results, i couldnt see any decent set ups today, maybe its me

[Staedtler]

hi guys amazing results, i couldnt see any decent set ups today, maybe its me

yen pairs setup for a reversal.. i put a trade in on the cad/jpy last night to go long after the reversal candle i saw

[Gertje]

you guy's are too late....
.

[nanningbob]

Dont know where to trade today??? CSS will tell you. 4H is all currencies flat. When they start crossing you will know which direction the market is going. Simple. That is CSS theory and it will be tested today. We will find out how good this indie really is. So go with the flow and look for those crosses.

[nanningbob]

MR. K from BOJ will speak today. My best guess is he will say what needs to be said to calm the markets and put their program back on track. So I have JPY sells going. If they dont go today then the first week of June is another bond buying program.

[cmeade2]

Hey Gertje

We are all totally impressed with your trading skills. I know you posted a log a couple of weeks ago. But as I remember you have some pretty straightforward rules about when to get in/out.

Could you post these again?

Thanks

cmeade2

you guy's are too late....
.

[amleth]

Possible short on CHFJPY?

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