Technician
Short

EURGBP: Short-Term Short

FX:EURGBP   Euro Fx/British Pound
621 39 8
Shorting on 61.8 retracement+main descending resistance as price has shown strong hesitation at this major area

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Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is moved to breakeven
4. Second unit at second target
5. If 90 percent of first target is reached without triggering entry, trade is cancelled
I'm in!!
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Good luck
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I havent been losing for a while, so this might be the loser ;)
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dem0nd Technician
Please don't say so dude, I'm quite new in fx. Trying my luck here to how it goes for me haha.
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dem0nd Technician
*to see
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lol.. So since ur new u should understand that there are always losses.
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Technician TOP Technician
and there is always a chance of losing
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Technician TOP Technician
but at the end, the sum winners should exceed the losers on the long run.
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dem0nd Technician
Yes, I have suffered a few losses since the start in fact. lol because I don't really know how it plays.
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alex.a Technician
What a conscience dude ~ ^0^
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Please follow me @ https://twitter.com/FxInstinct
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Btw, how long do you usually hold a trade for short term and long term? Sometimes when the price doesn't move for so long, I don't know whether I have to jump out or continue with the play.
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dem0nd dem0nd
any advice Technician?
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I usually leave it until target or stop loss is reached
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Technician TOP Technician
unless some serious technical signal suggest i should exit, rarely happens
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I forgot to post my trading criteria , ill post it now in the description
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dem0nd Technician
Thanks for the explanation. One question, what does it mean by point number 5? Without triggering entry?
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for example this trade EURGBP, the price moved lower without touching my sell price at 0.8350, if goes further down and reaches very close to my target then goes back towards my entry i wont take the trade.
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Sam0101 Technician
ur entry is at the red zone 0.8350? or the red zone is the stop loss zone?
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dem0nd Technician
Is the entry at 0.83150 or 0.83550? 0.83550 should be the stop loss right? At the moment i'm still holding this trade. Is that what I'm supposed to do?
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Is now too late for to enter?
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Technician TOP JezeveC222
yes for me it is late, were are more than 50 percent of first target
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JezeveC222 Technician
Ok, maybe next time.
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Technician TOP JezeveC222
Yeah me too, i already missed entry one more time
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The first target hit
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Technician TOP Barabaszek
haha, so ur doing the update instead of me :). Thanks
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Barabaszek Technician
I folow my guru ;-)
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how frustrating! missed entry again!
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Barabaszek Technician
It is indeed unfortunate situation but I believe that you will win more than once. I bet even that :-).
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Technician TOP Barabaszek
Cheerz, no worries, trades never end ;)
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Barabaszek Technician
Waiting patiently for more of your play.
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the news played in your favor... ;-)
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Technician TOP butterliesel
Yeah i am lucky as usual u know...
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dem0nd Technician
That's a good one! unfortunately that I didn't trade in two units. but that was a good one! :D
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Congrats,
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The second target hit.Excellent trade
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if you guys appreciate my work please Follow me @ https://twitter.com/FxInstinct
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Nice one ! was riding it today as well.
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Yeah Man ! Nice one :)
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