if i get stopped out I will have covered costs and I will keep fishing for the long from around this level if momentum to the short side shows to have stopped

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just took the long off 1.3670 - 4 contracts, 6 pip stop, max risk $300 moved in my favour stop up to entry +1 already. Taking off 2 at 1.3678 and letting 2 run...

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we've just seen 2 lower highs and 2 lower lows and then a powerful move short and there was no reason to go long from 1.3683 or anywhere close to that, even the slowing down around 1.3678-1.3672 shows no real proof of any turn to the upside. Let ...

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but that was right in the middle of powerful downward momentum, why not wait until price action shows you that momentum is slowing and then go long from there...

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on what market?

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what time did you enter long at 1.3863?

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and thanks for the compliment - I started off so naive but a chap called Kevin Mezzone picked up on me and mentored me, what a great guy and he really helped me learn this the smart way.

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my starting strategy had me winning 4 and losing 6 for every 10 trades I took - and the strategy was set so I was still a winner at the end of each day. It took hours and hours and weeks and weeks of disciplined sim trading to set up the strategy. I ...

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Mr J - i'm new on here so I'll not be wanting to cause any offence ;-) I've got my trading rules - I'm sure you have yours... my rule is thus; never risk more than 1.0% of my account on any one trade... that means on my $45K account, trading 4 ...

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totally - but the majority of the people who are playing the lottery are poor - rich people don't play the lottery - even those in casino's (the sensible rich ones) are only gambling what they can afford to lose. People see the markets as a get rich ...

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the loss of momentum to the short on Friday evening was a good set up for the positional long, need to keep an eye on it but I reckon we are heading up to 1.4200/1.4300 before we look to take the long ride down on the big swing short. Safely in that ...

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best piece of advice on here today for sure - get your lessons learned, get the experience, set your strategy and keep on learning and updating... make your own decisions based on your own analysis. If you have good analysis you will do OK.

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you should never risk more than 0.5% -1% of your equity in a trade... some say 2% but I think that is too high. start by trading on the sim and work out your trading strategy based on your results - switch over only when you feel confident to do so ...

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I'm with you on the retracement but as much as i'd love to see it retesting 1.4700 I can't see it going past 1.4300 before we are looking short again... hope I am wrong mind - you're adding another 300 pips to the long I took on Friday evening if ...

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me as well - i'm going for 1.4300 but the moderators won't show this yet as I'm just a little junior member ;-) give me time... the swing short off 1.4300 is going to be a good one to be in ;-)

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Best Target — Best target for me based on the longer term charts is 1.4300 then expect a swing short... a long swing short. Friday was a great entry for a decent position long, the hammer that formed and today's continued momentum are backing ...

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