Thank you and thanks to a_b and Grath also. It's much easier to spot the levels now.

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Levels instead of values on fibs? — Hi guys, I remember someone mentioning how to turn the values of fibs (50, 61,8,...) into levels (1,2500, etc.), but I can't remember how to do it and I don't find the post! BRV also uses this kind of fibs. ...

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Hi, GW! According to Alexander Elder your TL's are just fine. While drawing them on the exact highs and lows is the most common method, he argues, that those levels are extreme and we should not look for "extremes", but for those levels, where the ...

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So I guess it's what I was thinking about - either to use smaller stop losses and bigger position size or to find something more volatile like GBP/JPY. But I guess I'll stick to smaller stop losses when the time comes. @Willowgal: yeah, I think ...

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Hi everyone, I was just thinking how nice all this volatility can be for us and if you just WAIT for the right setups. But -- I flipped my EUR/USD chart back to 2004 and 2005, when the daily ATR was as low as 25-55 pips, and I wondered, how on earth ...

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Hi again, Adrian! Yes, it works for me. It probably isn't the optimal strategy for everyone, but I like it and it takes all the couldas, wouldas and shouldas out of my trading. I simply open a trade with a 40 pip TSL and then I act like an astronaut ...

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Hi Avi007, that is something we talked a lot about lately. You should go only couple of pages back and it's all there. I went back to using a 40 pip-by-pip trailing stop loss and I just love it. But you should read other options / opinions as ...

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Hi Adrian, BRV said that the majority of them use mainly what we use - S&R, fibs and trendlines. You will find here and there some MA's, MACD's, Stochastichs and other stuff, but the more "individual" your chart analysis is, the further away you are ...

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Breakout trades — Hi, BRV! Up until now I never put any attention to breakout trades, but as it seems, the current market conditions seem very suitable for occasional BO trades. I would just like to ask if you also pull the trigger as soon as ...

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Thank you for the reply! I had the chance of asking the same question a very good trader friend of mine and he basically said the same thing - when the breakout happens, he pulls the trigger. There is no waiting going on.

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Same here!!! I put the volume on MAX and go away.

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Hi Smittens! May I ask you how do you trade breakouts? As I understand, some put on a order as soon as the price breaks out of a "channel" or "congestion" zone (something like 5 pips later) -- or even a previous low or high for that matter -- and ...

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We can't!!! =)

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Smittens, hi! Thanks for the comprehensive post! It's a very good read.

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Pip-by-pip TSL's? — Hi everyone, after I got some really useful answers from aSandman, Smittens and BRV about correctly setting stop-losses, I was thinking, if a pip-by-pip trailing stop loss would also qualify as a valid method for managing ...

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Words of wisdom. Thanks.

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aSandman and Smitttens - thank you sooo much for your insight, guys! I really appreciate it. I will do my best to test the suggested methods to see what can I make of it. It's quite possible I'll get some question marks over my head in the process ...

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Hi Jlmac, I used a 30 pips SL on the "obvious" levels and I moved my SL to BE after the price went 15 to 20 pips in profit. But that didn't work for me good lately.

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