if you like pips, the narket gave more than that today...525 pips so far for me.
The reversal was obvious since yesterday night...price were hovering around weekly and monthly levels.
Tags: analysis, aud, australian, begin, currency, forex, news, nzd, technical, usd
Hi Eugene - I noticed your comments last night re buying etc - when I still saw the EU and GU lower and had been bear bias during the day
I appreciate you must have been using larger stops than shown on the read out - because we did drop further - but did make another new low and as you say it became buying material
Had you placed your stops below yesterdays low's initially - and out of interest - what initial stop size do you work on and finally - is this a "live" account?
Well Done and good trading to you
Fantastic result Eugene. Well done.
thank you for your questions. yesterday when price went lower i exited the trade before re-entering. But even with that, price did not break my initial stop loss of the first trade, because i placed it at a pattern-broken-reversal area. I don't have initial stop loss size. it depends on the set up. mostly i entered my trades on 1,2,3 pattern (as shown on the chart). And when the point 2 is broken i enter or i place an entry order there. The stop is placed underneath point 1 (+10 to 15 pips buffer) but the size are mostly around 30 to 100 pips.
The account you see is my twin-demo account. I always use a demo account with my real one because it helps me control my emotion and stress. The same trades i take in the real account, i take them in the demo. That way, i look at my real account just like a simple demo, and i feel more comfortable in managing the live trades. this is a killer trading tip taught to me by a veteran successful trader..So the number you see, the percentage of growth are the same in real
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