Monday, January 31, 2011

Going up


4 comments:

G. said...

Hi, another good day:-) How many pips does price need to move in your favour before you start moving your stop loss up?

Would you mind saying what your normal/average stop loss per trade?

Kalinikos Kreanga would be pround of those fast reactions you have...LOL G.

The forexbird said...

i usually follow price by 2-3 pips. So, if price goes to +4 and then retraces back, i have a gain of 2.I may miss the home (or slow) runs, but these are not my target!

Sl is 3-5 p, or fixed by local levels, trying not to go above 6.

Kalinikos is great...

internet merchant accounts said...

This is another awesome day. More sales are continue uprising your data.

Virat said...

That’s a very much normal situation but it’s good to be discussing about these things as it can help newbies understand how Forex works much better. I love trading whenever the market is bullish as there are plenty of pips there to collect. At the moment I do scalping only because of working with OctaFX broker, as they have arguably the lowest spread of just 0.2 petite and also the margin call level is just 15% so it really helps me in scalping.