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Been reading some of the posts and wanted to make some suggestions. Do not trade if you do not have your own risk management plan. Wait until you get one or get help in getting one. That should be tailored to your personality and profile. Especially for new traders protecting capital is essential so you shouldnt…
Some posts from traders who didnt get out of aud last week on run down to 8817 from .9000 sell. This is for them. RBA int rate announcement later tonight right before midnight eastern time. A sell from here to around .91 is good as a position sell as an add or new entry, just…
Usd/Chf currently at 10883 so up over 250 pips combined on both entries since yesterday. You can clear for profit or cont to hold. I am going to hold thru next week as originally planned to see what comes of it. Had some comments on aud, so I will talk about that first of week.…
With both entries I’m avg at 10755, protecting the second entry of 10730 there. Looking to hold thru next week but market will decide that for me, if more chop and not enough follow through will clear for profit before close of day.
Second buy entry at 10730, do not trade in this environment if not comfortable.
IF you didnt take profit yesterday and our still in chf trade. Decide before nfp if you can risk the volatility. I am holding the 10780 entry but I am comfortable holding thru todays volatility. If it will make you nervous and you cant handle it risk wise, just close the trade before. There will…
Was able to get 10780, horrible claims data spiked it through levels but where it closes the hr will determine sustainability. Remember we have nfp which will be volatile so managing accordingly.
Hope you took advantage of the move down to 8817 to clear the .9000 trade then be able to reenter higher. I wasnt able to be here so didnt get too. Now will just hold with previous post.
Would like to hold to 8710, but market will determine if that changes.
Market pulsing pretty quick thru so held all positions. However have to leave the screen now so will lock the .9000 position in above 8915 so if market turns against while gone it will be protected. However looking to hold for lower.
With sell at .9000 my avg is 8907. I will watch the market and may clear the .9000 position for profit close to there and hold others minimizing some risk, it will depend on price action. May decide to hold all, just have to be on toes in this environment.