As a scalper, I am realy privileged to trade as described above : imagine, on the contrary, a guy who trades the 15m chart and went long at the break, 1.3760. Taking an affordable risk, he has a stoploss of, say, 25 pips. But price retraced immediately after the break to 1.3728, 35 pips lower with spreads and stop was reached! Even worse, at the previous attempt to break this level today, price retraced 60 pips!.. All stops were taken...
1.png)
6 comments:
Very nice trade on that last one!
The trade was increased in the last quarter which means good indications for everyone.
Another excellent session of trading, thanks for posting your thoughts.
Hi Costantino, Donald here from New Zealand....
...simple question...am i right in thinking you start looking at your charts for the London opening around 7.30am London Time?
Donald,
you are absolutely correct! 7:30 London is 9:30 on my charts.
We got to be very wise of the breakout and retracement, as we will be successful and gain profits only if we get it done nicely. I trade with OctaFX broker where I get it all done relatively easier and that’s because of the tools and luxuries present. This include the tremendously helpful rebate program which is given on losing trades as well and ensures that I can work with extra freedom and confident which is what makes one successful easily.
Post a Comment