kamukak
Short

Shorts setting up for EURUSD PAIR

FX:EURUSD   Euro / U.S. Dollar
797 8 3
Instead of going long here for a ride up I will look to short EURUSD             pair if it gets between 13550-13650 range with stop loss around 13720-13770 depending where I get in! and target price will be 13120. Total 2 positions will be taken at different levels depending on market conditions.
so far playing as expected,
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What would be the size of lots, in which percentage of your entire equity?
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kamukak alex.a
Alexa you only trade the idea if it matches with your own analysis. I can't suggest you the lot size because we all have our own risk tolerance. My lot size mostly depends on price level, if I get on a trade at a level which is closer to my stop loss then I go big, otherwise I will trade lightly. I hope it helps.
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alex.a kamukak
I have wanted to know about the percentage lot size, Kamukak - not actual lot size, though ~ usually close or not close, how close is close for you? very ambiguous words ... >_<
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kamukak alex.a
I rsik 5% of my total trading a/c on any given trade, but if I am taking 2 positions at different levels then might go upto 7%.(only if I am very convinced about the trade)
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alex.a kamukak
Also, don't feel bad about not meeting your target yesterday about GBPAUD. I did stop loss and I learned more than I lost yesterday. I am grateful for that lesson, seriously. If I didn't lose, I wouldn't learn a thing from yesterday. I need to learn at least one thing per day. hoping to learn more, though - Feel free about yesterday position, if you are concerned about it ~ ^_^
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kamukak alex.a
My stop loss for gbpaud above 17250 and i hoping to add more if it gets to 172 area. I am still on it, you must have put stop loss so close!
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alex.a kamukak
I did. OK ~ I let you go, GBP is about to announce the important data, Sir ~ ^_^
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