Originally posted by primi
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Hey Vijay!
I see you have a TP set at 1.3043, which will exit the basket at a bit of a loss (which is fair enough given how the trade has gone). But at this point would it not be an idea to trail a SL and attempt to break even on the remaining basket, or even recover the loss from the trade that was closed yesterday? My breakeven is at 1.30126 which isn't really that much below the TP at this point.
Cheers
Craig
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Originally posted by craighind View PostHey Vijay!
I see you have a TP set at 1.3043, which will exit the basket at a bit of a loss (which is fair enough given how the trade has gone). But at this point would it not be an idea to trail a SL and attempt to break even on the remaining basket, or even recover the loss from the trade that was closed yesterday? My breakeven is at 1.30126 which isn't really that much below the TP at this point.
Cheers
Craig
So squeezing a few extra pips at the risk of missing the TP isn't really worth it in my view.
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Originally posted by shawntan View PostReally a big slap to scalper followers at this point. But congrats to everyone else for tiding along with this basket
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Originally posted by primi View PostThat doesn't sound good then.
Still, it's exactly the same, FIFO, LIFO or any other combination. The outcome is the same. Just the balance curve is different. So to avoid all the trouble described above it would just be best to stay FIFO. We won't lose anything because of it.
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Originally posted by Nick View PostSmart2 is experiencing his worst month on record by a significant margin, as a result his aim is to minimise losses and move onto the next trade. While he's stuck in this USDCAD basket he can't take other, higher probability opportunities.
So squeezing a few extra pips at the risk of missing the TP isn't really worth it in my view.
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Hey Guys,
I have closed 2 trades booking -1.8% loss. We have now 1% loss for this month. I have one open trade on which i am expecting a 0.7 to 1% profit. So this month we will be at break even. On MAM we have 1.9% loss which was caused by the slippage of 20 pips earlier this month. I am happy for this result on smart2.Trade the market, not the trader
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Originally posted by SmartTrader View PostHey Guys,
I have closed 2 trades booking -1.8% loss. We have now 1% loss for this month. I have one open trade on which i am expecting a 0.7 to 1% profit. So this month we will be at break even. On MAM we have 1.9% loss which was caused by the slippage of 20 pips earlier this month. I am happy for this result on smart2.
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Originally posted by SmartTrader View PostI have closed the remaining trade to book ~1%. We now have 0.1% loss for this month. Thanks for all the patience. I will give you guys some update in couple of days regarding scalper.
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Originally posted by Anton123 View PostShould we Scalper losers switch to Smart2, since it seems that its scalper trades more conservatively than SmartScalper alone, and therefore is able to avoid the drawdown limit closure? Thanks for your advice...
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