TradingView
anilmangal
Apr 12, 2017 9:19 AM

EURAUD sell setup Short

Euro Fx/Australian DollarFXCM

Description

Hi Guys, this looks like a nice sell setup for an impulse down. It is possible that it could go all the way to the bottom of the trend.


Trade with care
Thank you for your support.
Comments
Gelium
Where should I place a stop for a short position?
VortexTrading
@Gelium, You should probably have your own plan and rules to enter this trade with to increase probability, and even though he's a good trader and you'd probably still profit it's bad trading on your part. If it doesn't meet your own rules you shouldn't take part in this or any trade.
Gelium
@VortexTrading, Thank you, but I'm interested in the approach of the author. As the author solves the problem of placing the stop.
NearDrowning
@Gelium, author doesn't want to take risk and responsibility for that. It depends on live action.
Gelium
@NearDrowning, Why do you decide for the author? I think the author himself sells and places a stop somewhere. Or do not you think so?
NearDrowning
@Gelium, I don't think so. Author posts only Idea. Not a trading signal. Authon can post long/short position with sl and tp, but it doesn't mean that he will use it. Author might act differently on live data. It's up to author whether Idea gets updated or not.
Gelium
@NearDrowning, Let's not decide for the author. The author decides whether to answer the question in the commentary or not. Without a stop, you can not calculate the profit factor. Without profit factor can not assess the profitability of the position. Ideas for the cross have a very small percentage of profitable scenarios. Therefore, the information about the stop-order would be very useful.
NearDrowning
@Gelium, I was talking in general. I agree with you :)
anilmangal
@Gelium, if you don't know where to put entry or stop , don't use the idea. This post are for those who see value in it , if you don't then you have choices. EVERY TRADER, regardless of if someone gives you entry or stop TAKES RESPONSIBILITY for his own trading. If you are not mature enough to do so them trading is not for you.
anilmangal
@anilmangal, *these post are**
More