The trend is lower, though not much strong as last night.
I was able to short with it.
What is Algobox
2 years ago
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About Me
- Risk Control Master
- I'm a Forex Trader for the past 3 years (starting from 9/2007) and still trying to master it.
RCM,
ReplyDeleteI have trouble deciphering your charts sometimes. Can you tell me what your main style of trading is currently? Do you follow the trend? Fade the trend? Add when it goes against you?
DT233: I'm a support/resist guy so I trade mainly the S/R point, that means most of the time I'm against the trend. That's also my biggest loser came from. Which after the S/R breakout, I'm supposely to swtich mind to follow the trend.
ReplyDeleteI use to have couple steps in a procedure to identify the trade and I wrote them on this blog. Nowadays, I do that much faster so I skip them. Maybe it's time to bring them back.
My stop is normally very close, somewhere between 4 to 8 pips.