DislikedHi,
i was wondering what you guys think are the best support and resistance levels that worked for you pretty well?Ignored
Not from a calculation like "this minus that divided by two" or by a fib etc.
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DislikedHi,
i was wondering what you guys think are the best support and resistance levels that worked for you pretty well?Ignored
DislikedLast week's high and low. Yesterday's high and low. Take a look at them. Price doesn't always stop there, but you usually get a reaction on them.Ignored
DislikedI dislike the terms support and resistance - really these are just areas where buyers and sellers are likely to be found, but even then that information may not be useful....Ignored
Dislikedhere is what i did.
i sold @ 1.4236 but went out to early but profit.
this is still my biggest problem knowing when to exit.Ignored
DislikedIt is better to go out earlier and take a small profit then go out to late and lose some money. You should never be worried that you did go out too earlier if you have take a profit, becouse maybe if you will wait the market will turn towards you...
Dont be greedy, better more times litle pips then one time big lost.
Regards,
scorpionFXIgnored
Dislikedactually no. i used to think the same way and unfortunately i did it again today ;-)
if you take little winners and accept the losers than you will lose. i traded a system with 50% winners.
i was still in profit because my winners were always bigger than my losers.
if you take small profits like i did today you should also have even smaller stops.Ignored
Dislikedcould you give us an example of what you look for when you want to make a trade.
i try to use 1-2-3 patterns but i think there is so much more to be looking for.Ignored