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 Forex Version 10, Foreign Exchange Market Discussion

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hiatus4life
post Nov 1 2012, 03:51 PM

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Joined: Oct 2012
QUOTE(darks0r4 @ Nov 1 2012, 09:46 AM)
Hi,
I just into forex in about a month.
Most of the time i rely on technical analysis and consider a bit bout the fundamental analysis.
The problem is i usually set my TP a lil bit farther than it should be.
most of the time i use Fibonacci to set my TP/SL.
Any advice or other method to set your TP?
Thx.

BTW, i still using demo account.
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Hi darks0r4,

Im newby too, I normally set a tight trailing stop loss once I hit my target of pips when riding the wave or when approaching the retracement areas. (the three lines in the middle of the fib.)

But let us wait and see what all our senior suggest.

TQ

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