time to buy USD?

[gengxin]

nico3725

I always buy higest and sell lowest. I don't why. "Your most import for me." may fix my problem.

It looks like use RSI is enough? Do I use too much indicates ? I should keep it simple, like Your NO.8.

If is possible, could you please explain your trading recommendations No.5

Thanks a lot and I learned a lot

[nico3725]

Means for example :

You are long eur/usd at 1.0520.

IF you take the profit at 30 points, you should take yourloss at (30:3)10 points (30:3). Limit profit at 1.0550, Stop loss 1.0510.

IF you take the profit at 100 points, you should take your lossat 33 points (100:3). Limit profit 1.0620, Stop Loss 1.0487.

IF you take the loss at 30 points, you should take the profit at 90 points (30 x 3). Limit profit 1.0610, Stop loss 1.0490.

I hope you will understand it .....

[gengxin]

If I want to make profit 30 pips at one trade, I should sumbit a trade at stop loss-10 pips and take profit +30 pips

for example:
short USD/JPY 118.13 S/L 118.26 T/P 117.74


Now I feel much better and clear than before. Thank you.

I have more questions.
hope can keeping get more good advice.
Gxchen0217@aol.com

gengxin

[mojave216]

GENGXIN - Good afternoon---I'm Bernie and I day trade from Los Angeles.

I am experimenting with a simple stop and reverse (SAR) trading approach with the US$/JY.

I would like to demo this SAR approach in both the Asian, European and US hours. This method is very mechanical, no emotion whatsoever. Seems to work just fine over the last three months, but would like someone to look over my shoulder and see if my results can be verified.

I can handle the US and Asian hours, hoping someone out there, maybe you, are naturally awake during the European hours.

Not sure how to get my e-mail to you...but I will list it here:

henrie9999@aol.com