I wonder, what stop sizes people use now? I used to have 40 pis stop loss. now have mostly 20-25 but thinking may be it is too tight. Also, BRW on his site advocates smaller stops. Would be interesting to hear opinions.

No Brainer Trades

I did not try to diminish what Interceptor is doing. It just looks completely impossible to me to leave those limit orders just based on S/R to change directions as market changes direction. there is only probabilities. To leave limit order at some ...

No Brainer Trades

Interceptor, if you leave order and let it run, what plan exactly ? It is just like a roll of dice like today traded G/J and E/J and G/CHF. New York time. went short, then long then again short. snow, how it can be done with limit orders?

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I am curious, does anyone just leaves orders at determined S/R areas and lets them run to loss or profit with this strategy?

No Brainer Trades

Yes, I always hate to see it miss some good trade for 1-5 pips and then go. it might be somewhere before there was S/R just few pips away from current level. I think I will not wait for spread to cross but it will depend upon market conditions.

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Interceptor, missed by 1-3 pips? It is what I am trying to get here. see my post abovce, what do you think? I simply noticed it happening time after time orders missed by 1-2 pips due to spread.

No Brainer Trades

I do not open more than 2 positions at 2 sides of the S/R range as BRV does. so, exact entry is important for me. So, I just wonder, should we set entry including or excluding spread. If we see price bounced form sat 130.50 down, should we set our ...

No Brainer Trades

I also have some technical question. How you guy set limit orders, for example. reactionary level looks like 135.73 on the chart. But price hits at 135.75-76 and bounces without filling me. trade is gone. Should I set limit order not at 135.73 as it ...

No Brainer Trades

I noticed that it is better to keep own advice regarding trades as each one has slightly different take on these things. I also avoid trading pairs that i have no understanding of and experience. I trade only 5 pairs: G/U, E/J, G/J, E/U and G/CHF. ...

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started reading and rereading BRV and Iron Man notes and rules posted on page 1. Those are priceless. especially when it comes to trade management.

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Hi Smikester, thanks got advice. I actually preferred to wait until things a little cooled and started trading Japan close-London open. Made few pips then. I have been trading BRV method for quite some time and have a good hold on detecting levels, ...

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I hope you did not follow up on this opinion

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I wonder how BRV would act in this situation. I clearly see the market going down on GBP/JPY and EUR/JPY. Idea of going contra trend even did not cross my mind. When I see such price behavior. However despite wanting to go short, I did not either ...

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It looks like hands of influence are all over the place in action. Levels being taken once in time. Majors sell off.

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actually G/U was just on the button. I picked 30 pips but had to go. The price actuyually bounced 100 pips from those levels.

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got up to see G/U hitting 6 pips away from upper target and bouncing 45 pips up. I notice that this happens all the time. I did take long position yesterday 5 pips above the target cause i see price often doe snot reach target by few pips. I think ...

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image image what people think?

No Brainer Trades

I think having strong convictions is a bad thing in this business. I remember some big trader dude told that we traders should be like guerrillas fighters constantly changing sides to always be on winning side and having no opinion rather than that ...

$5k to infinite

From what I understand with my limited experience, smart money shows something to majority and majority reminds me of those small doggies chase every passing car. It jumps on everything that moves and the moment they jump, minority hits them right ...

$5k to infinite

That's true. The plan is of most importance. Patience and waiting. But once set up which is according to the plan is present no hesitation. 90% of my trading session is just waiting , sitting, drinking coffee and watching for S/Rs Then BUM, set ...

No Brainer Trades