centa said...
Hi Jesus
I'm Subscribed, hope this goes well for all.
On average how wide are you s/l per trade? Are you looking at any pairs at the moment for some new trades?
Thanks
May 26, 2010 3:43 AM
Jesus said...
well , CENTA ,, sometimes i put little wide Stop loss , Last trade i put 120 , but i dont have a standard stop loss , the market and the Elliott waves analysis tells me where my Stop loss is , last trade i went in short in that CAD/JPY first position at 8480 and i said i ll add more if it breaks up and i did at 85.60 right from the top , but the point is , I SAID ( if anyone shorted the first position he can HEDGE at the break of 8520) untill i take the second short then he can remove the hedge ,, that means the stop loss was at 40 pips and if anyone hedged he could have made 40 pips profit when removed the hedge at 85.60 then ride it down to profits
i understand that sometimes plz dont like to have the wide stop loss and i m one of them ,, so i give hedging alerts to them ,
I M POSTING THIS COMMENT AND EPLY HERE CAUSE I WANT EVERYONE TO SEE THIS REPLY ,,
this reply really made things clearer..thanks..can't wait for the next trade signal..
ReplyDeletejust be patient till we can find a clear Elliott wave setup
ReplyDeleteThanks for your great answer much appreciated, when you post your next trade will you mention of where perhaps to hedge as that would be very helpful, thanks again
ReplyDeletei ll :)
ReplyDelete