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Basti93
Setting profit targets
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中
Apr 18, 2015 at 15:26
I think you all know the saying that you should "let your profits run" ..Now my question for this trade is, how do you set your profit target? Do you use a "take profit" stop? Or do you just leave the market when you see a signal against you? Or do you use trailing stops without any profit targets to be stopped out when the market has turned against you?I, for myself, am currently working with the third option. The upside to this is that if you catch a strong trend, your profit will be VERY large. You might very well end up with a 1:10 RR ratio.The downsides are, you risk t...
Trading multiple currency pairs
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中
Apr 14, 2015 at 20:06
Hi,I'd like to discuss how you deal with the correlation of FOREX pairs.I think we all know that in some way all forex pairs are related to one another. The two leading currencies that guide the way are EUR and USD.Now, it often happens that I see signals in multiple currency pairs that correlate to each other. For example, yesterday signals got generated for me in all EUR-currencies, from EURUSD all the way down to EURJPY and EURGBP / EURCHF.I did open trades on them and they all went into the same direction. When EURUSD was in correction, so were the others.So, essentially, while it was ...
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