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Qui-Gon Kagi

04/08/11 12:32 PM

#77420 RE: whatever07 #77418

NP whatever07......you're doing better than I this week. I'm waiting out an A/U breakout that's working against me. I was afraid it might breakout, but not enough to trade long or stay out of market. Anyway, I don't trade Oanda, so I can't answer your question. I simply take multiple small positions to accomodate one larger trade when I do and then sell off 75% of those small lots for example. Maybe SG can be of better help. Again, good luck to you, but it sounds like you're making your own luck.
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simplegreen

04/08/11 4:14 PM

#77426 RE: whatever07 #77418

Congrats whatever07...sounds like you got it going your way!..BTW I also have a nasty habit of leaving a lot on the table but am curing that by using my daytrade version of Ichimoku Cloud...the parameters for it are now 12,5,15 and I use it almost exclusively on a one minute chart.it clearly shows the start of upward or downward mometum as well as the stall points as it tries to consolidate briefly...that helps keep me in longer as well as giving me better entry points.
On Oanda go to top left under "trades" that will display every position taken individually and you can click any one of them to close it individually.Oanda isnt under first in first out rule like most platforms so its a real advantage trading Oanda which allows selectively closing any or all trades.FIFO rule forces you to close worst trade first which can be a real bummer.
I personally have traded(scalped) very little in this hedge fund runup...its totally nutz!..so I am not comfy with trading short OR long on the so called risk pairs..I prefer sitting it out til gravity takes over but still making a few pips scalping here and there.