Create A Forum Installed
Login with your social network
EU 4 Hour ChartEU is about to bust a gut topside in a big way very soon here. The channel is complete and the large bullish candle from the bottom is setting up the breakout condition.
Wish I hadn't been stopped out of my Eur/NZD short the other night.
Quote from: ForexTrader on February 15, 2017, 06:40:17 pmWish I hadn't been stopped out of my Eur/NZD short the other night. I know what you mean. I hate getting stopped out, only to have it turn right around and go in the direction I wanted it to go in the first place...it stinks. So I fixed that by simply not using stop losses anymore...LOL! Of course, I don't recommend that for anyone. I've just gotten adjusted to it. Since I play primarily daily, weekly, and monthly charts, it's not a big deal. I just adjust the risk down and the fluctuations back and forth don't matter to me, even if they're several hundred pips because typically I'm looking at TP levels that produce thousands of pips as a whole.
LOL! I used to do that too. I'd stay up most of the night and get by on only a few hours sleep a night, all week long. Now that I've switched to long term charts, I don't have to babysit anymore. I just trade it and forget it. Of course, I still like to daytrade occasionally, usually the 15 minute chart. But I'm almost always in and out the same day when I do that.
Quote from: Pennies2007 on February 15, 2017, 07:07:02 pmLOL! I used to do that too. I'd stay up most of the night and get by on only a few hours sleep a night, all week long. Now that I've switched to long term charts, I don't have to babysit anymore. I just trade it and forget it. Of course, I still like to daytrade occasionally, usually the 15 minute chart. But I'm almost always in and out the same day when I do that.yeah, only way i've been profitable is trading lower timeframes ....so i'm stuck dealing with the stressful nights (unless i use a stop).