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[QUOTE="hayseed, post: 208234, member: 5898"] //----- somehow sometime someway, i started using the term [I]resolution.[/I]..... can't remember why...... and don't think it's the correct term..... this was long before nfa's ridiculous fifo and no hedge rules.... resolution refers to my preference of placing one hundred 0.01 limit orders spaced 1 pip apart than placing a single standard lot at market ..... the single standard lot order will make/or lose more...... thats ok..... making the most is not in my mind...... losing the least is....... on indicator type triggers there will almost always be some price wiggle room..... i placed quite a few orders a few hours ago in preparation for next week..... there is almost no doubt some will go under water for a bit...... i had hoped the markets would retrace half of wednesday move..... it has not...... this is a non standard week...... yes, i have a preference for trades..... remember the red rum red rum........ an example of my preference is a 240 sell signal with a weekly red 1...... there are several such live examples right now...... keep in mind, a normal trade to me is [B]<=[/B] [B]0.03[/B]..... and thats on a 30k account...... i will probably put in 6 or 7 , 0.11 trades this morning...... the odd size is so i can at a glance know those are next weeks trades ...... i really needed a larger retracement....... those trades should make 50$ apiece..... the 0.01 up to 0.05 trades will be for 60 and 240 zigzag retracements...... 10 or 20 pips apart covers 100 to 200 pips..... quite a potential draw down...... if i'm really comfortable, i'll place sell stops below with twice as many sell limits above..... using odd number orders down in reverse , 0.05, 0.03, 0.01,,,,, and even numbered orders up, 0.02, 0.04, 0.06,,,,,, allows me to have targets with oanda's unique lot size rule...... sometimes ten orders total, 0.01 thru 0.10 ...... when things appear perfect i might place a 2 minilot or greater trade...... those are rare for me...... i track and categorize every single trade..... [B]<= 0.03[/B] trades are consistent producers for me...... h [/QUOTE]
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