stop loss is usually put 10pips above next resistance level or 10pips below next support level as the case may be.

infofirst:
Putting the stop loss isnt enough but knowing how to properly identify the exact point to put it.

Do you understand?

frenchman2:


trade currently in red. noticed price pullback and hit a support.
decided to open another position at 50.38. setup was so juicy and irresistibly. Hope i don't regret it>
let's see how both trades play out.
Sorry chart below is 1hr not 4hr as indicated on the chart

PRICE IS KING. FOLLOW IT WHEREVER IT GOES

waitin to buy at around 48.00 wud hav bin safer

Capitals:


hmm, waited till I got off before selling. buying eurgbp, sl 0.7020, lot 0.02. will add another 0.02 if we get to 0.7250. lets see how it goes

if we continue like this, I may get off early, will prefer if it comes down abt 0.7240 before going up

iheanyiebeneze:
stop loss is usually put 10pips above next resistance level or 10pips below next support level as the case may be.
Do you understand?

It depends on the time frame that you pick the support and resistance from.

10pips sl is for scalpers.

I do not mean 10pips stoploss, i said 10pips above next resistance level. it is different from 10pips stoploss. I trade the G10 currencies because they have low spread. I use 1h time frame often and 4h, though i take note of D1, 1W, 1Month time frame before entering the market.

infofirst:


It depends on the time frame that you pick the support and resistance from.

10pips sl is for scalpers.

my good friend is back.

Ogboraph:
ALERT ALERT ALERT BUY GPBUSD @ 1.54100 and take profit @ 1.55610 stoploss is set @ 1.53170

I would be glad if anyone can put me through on forex trading..

iheanyiebeneze:
my good friend is back.

My brother some time i needto be here i really miss you all.
this is home base

indicate your location and physically and practically get in-touch with any FTA member close to you, he or she will put you through.

fixed123:
I would be glad if anyone can put me through on forex trading..

iheanyiebeneze:
I do not mean 10pips stoploss, i said 10pips above next resistance level. it is different from 10pips stoploss. I trade the G10 currencies because they have low spread. I use 1h time frame often and 4h, though i take note of D1, 1W, 1Month time frame before entering the market.

aiit

buy oil nw@ 48.70(80) sl =47.50 tp= 50.60

[quote author=fxbomovi post=31117860]lets go for huge rr

sell uj at market price 119.41. stop at 119.52. tp at 118.60[/quote

[quote author=fxbomovi post=31137215][/quote]
I would say my 1st TP @ 118.98, 2nd TP @ 118.78,.....IMO. nice call bro.

ophili:
Hello, I see a nice thread here
I will give away some free profitable signals here once in a while.. , I am a money manager, I manage a couple of accounts, I will share some of my trades with you. Follow if you like

Screenshot 1 is Gbpcad
Screenshot2 2 is NZDjpy

I will be posting more live trades on my blog from now on and I promise that it would be more accurate than used to be, you can view and follow.. check other traders on my blog www.forexmamm..com

martog:

I would say my 1st TP @ 118.98, 2nd TP @ 118.78,.....IMO. nice call bro.

thanks bro. hope it moves according to plan before market closes.

eurnzd going a way farther against me, what's the future?

jendy36:
eurnzd going a way farther against me, what's the future?

i think the pair will sell for along time

For how long should one wait before entering the market after an important news release?

No particular time is giving. But as soon as the 'important news release' is in tandem with your technical analysis, enter immediately.

Karlebolu:
For how long should one wait before entering the market after an important news release?

jendy36:
eurnzd going a way farther against me, what's the future?

stop loss and MM.... Hope you made provision for those?

docus:


i think the pair will sell for along time

Let it not pls!!!!!

Owliver:
stop loss and MM.... Hope you made provision for those?

My greediness though... I don't use stop loss.. . only take profit is what I use. I believe this will teach me a lesson.

For real, forex is indeed sweet. Wish something happened much earlier.

I see a lot of SL hits here. Please, always wait for 'out of equilibrum' trades. USD is costly now....biko....

jendy36:


Let it not pls!!!!!

The pair could keep selling for real but at this point, sometimes, eunzd could behave funny, it could retrace but I am not sure of how far it would.. I hope you entry is not too far away?

Kashif:
For real, forex is indeed sweet. Wish something happened much earlier.

I see a lot of SL hits here. Please, always wait for 'out of equilibrum' trades. USD is costly now....biko.... :(

Lol..............The one instrument I will possibly never be trading again in oil. That 5hit does not obey technical rules anymore. I lost almost 200 pips to it between Monday and Tuesday, then I removed it from my watchlist. Bewteen Wed and today, gold, GJ and DJIA have netted me about 350 pips. At least I am ending the week up rather than down. I am sticking to those three for the foreseeable future jare.

ophili:


The pair could keep selling for real but at this point, sometimes, eunzd could behave funny, it could retrace but I am not sure of how far it would.. I hope you entry is not too far away?

It is oooooo!!!! Tears rolling. Is like I will hold it till next week market

Where is tom29reloaded?

jendy36:


My greediness though... I don't use stop loss.. . only take profit is what I use. I believe this will teach me a lesson.

lesson learnt then. SL is very important check any Chef pair on 4hr or daily TF and see a very long spike. Fear God o

jendy36:


It is oooooo!!!! Tears rolling. Is like I will hold it till next week market

Its like you dont want to see any losses on your account, I can tell you what to do in other to help you recover the losses, but the problem is that, sometime, it would take a whole lot of time to come out of all trades, it also depend on the volume of d funds.. I can give you an idea of if, but If I were the one, whenever I notice any losses beyond my limit, i just pull out, especially if it has a distanced gap

naijababe:


Lol..............The one instrument I will possibly never be trading again in oil. That 5hit does not obey technical rules anymore. I lost almost 200 pips to it between Monday and Tuesday, then I removed it from my watchlist. Bewteen Wed and today, gold, GJ and DJIA have netted me about 350 pips. At least I am ending the week up rather than down. I am sticking to those three for the foreseeable future jare.

Congratulations jare! I would rather sit down, than try guessing where the market could go next. You only value 'tradelessness' after a (huge) loss. Looking back and recounting thousands of $$$ lost over the years, one would have been better off watching from the ring side.

I have severally, tried analysing gold and oil, but failed. They do not fit into my technical strategy so I let them be. You appear to have a grip on those.

With the way I now trade, I have not had a losing day in two months. Trades are lost, but the net daily closure has been positive, any day I trade. I could go three days on my belly, waiting for a trade though.

Nice weekend all.