Ichimoku_Trader
Long

Could be the beginning of a good thing...

FX:GBPUSD   British Pound/U.S. Dollar
625 11 24
Comment: Ok guys

Start thinking about taking at lease part of your profits

Enjoy your money and share it with others you love
Don't let the market take it back
Trade closed: target reached
Hi. For this pair, as of now trading around 1.4306, is it ok if i continue with Long position and if so what is is expected target zone for me to close this position before a retracement? Thanks
Reply
Hi

Well if u want to continue, it is yr choice. I recommend that you exit using a stop and not at a target zone

Good luck
Reply
thoughts? this could be the upward breakout from my triangle idea..or retracement back down to further the triangle
Reply
yep .. That' what i'm hoping for
Reply
Ichimoku_Trader Ichimoku_Trader
I mean the breakout
Reply
Thanks I shorted and it hit my 10 pip stop loss. Now you say long.
Reply
I'm sorry. but I tried to catch that chart before it was published but i couldn't.
I hope you make it up

Also, why do you have your stop at 10 pips?
+1 Reply
Dogmai Ichimoku_Trader
I have it trailing too. where else should i have it?
Reply
Well if you look at my charts, I always have a stop level. it will be marked SL usually
So if you enter the trade without giving it room to breath you will probably lose a lot. So what you should do is calculate the number of pips to the stop and then risk (3%-5%) on each trade. That way, your success rate will be much higher

Good luck
Reply
Dogmai Ichimoku_Trader
ok thanks I'll give it a go :)
Reply
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