The analysis that we make is jut good enough to know that. If we trade and our trades hit TP, we will now try to make another analysis to see if the trend has ended in order to know whether to still buy or sell.
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The analysis that we make is jut good enough to know that. If we trade and our trades hit TP, we will now try to make another analysis to see if the trend has ended in order to know whether to still buy or sell.
you are right, i am a scalping, and i just wait for my first order get some pips and then i close it and after it i make a new order after i make an analysis or if when the orders still running and we can see with the clear i make a new order with the same direction and wait till they get some pips and then i close them at the same timeQuote:
Originally Posted by hetal
After the order is hit the Stop loss we have to stop trading.
This is also because many times the traders are making the loss and then they are in no mood to trade so just making any trade will lead to the further loss.
When we know that we have made the trades that are good and then we can set the take profits so that we will get the desired income even if we are not there present to monitor the markets. This is only possible if the analysis we make is correct.Quote:
Originally Posted by ketan
some time am not use take profit and stop loss and when my trade go down I open next position in same direction after 50 to 60 pips. If market moves fast then I open after 100 to 120 pips for recovering the loss quickly.Quote:
Originally Posted by sangam
You are doing very right, I also open positions when my trades go in loss and I open positions for every 50 pips if the pair price goes against my open trade direction. Most of the time I have got too much benefit of opening these positions when the price recovered back.Quote:
Originally Posted by 100c°
we can analyze them well and make good trade to making same position may complicate our trade and lead us to huge loss again and because I do not monitor continuously at a computer I wait until the trends change around.
if a position goes wrong its better to close it and wait for a good signal to open a position. we should not place a trade hastily in the hope that market will move in favor of us.that is betting an should be avoided.positions should be open only after do analysis.
If trade goes in reverse direction i dont count pips that how many pips down i open another position but i check if a pattern is formed and prices are expected in my direction hereforth i open new position.
Mary khayaal main 10 pips bohot kam distance hay aur aap ko lazim 20 say 30 pips tak ka wait karna chahiye. Maree personal observation kay mutabiq EUR/USD har 40 say 50 pips kay baad retrace karta hay.