Have looked through the charts for the start of the week. Will not enter the market as per now. Staying in the short AUDNZD trade. I am expecting EUR to weaken a little more, towards levels where buying is interesting. The opposite with regards to JPY. Still some strengthening ahead before a...
Hi Rjon111, I know others who uses that approach as well. They define the stop (where they are wrong) and their take profit (where they believe price will venture) and wait for either to happen. It is a decent approach. The less stress the better, that is the key with succesful approaches.
Still holding the AUDNZD short trade. Currently 80 pips in the green with it. I will not think about anything related to forex or markets untill Sunday evening. Then I will look through the charts and look for opportunities for the coming week. If there are no clear opportunities presenting...
Firstly, I never risk more than 1-2 % of my account for each trade. I will never open more than maximum two trades at the same time. The total amount of risk I am taking with these parameters is around 1-3 %. I use pretty wide stops, to avoid beeing closed out by smaller market movements. These...
Hi everyone,
I am new to this forum but not to forex trading. I have gathered a few years experience. Periods with wins and periods with losses. Been through what most people who endeavours to succeed with trading has to experience.
Most people will quit after a while. This can very often be a...
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