if EU break fibo 100% it likely to reach 61.8% in the next phase
if it reverse. it will touch 23.6% again

martingale and MM is like something we cant mixed up nicely. when martingale is getting bigger, the smaller MM we have
but everyone has their own preference.. thats it

Market Maker use martingale to build their base.
They still using it always.

We got no enough bullet to build base like the MMs does.
So just use other better method. like 1:3 risk:reward

MM a market maker or money management
look like we are talking abt the different thing.. nvm bro

yes, most probably next week, a long trade to go

What is "trailing stop"?

a stop loss that follows the price according your set distance. it is created to secure your profit incase the price move against you while you are in the positive. basically its a moving stoploss.

I see, so if the price falling back from the highest profit, will the stop loss falling back also?

No it wont fall back. Thats the point of having a trailing stop, so that u can secure your profits if the price move against you.

let say your TP +100pips, SL -30pips.
from the time you enter the position, now you gaining +70pips; to secure some of the profit, you moved your SL to +40pips.
thats means if the price only move to +80pips, but not yet hitting your TP but move the other way already.
You still can secure a +40pips from that trade itself, so you still earn that +40pips rather then losing -30pips.

For example u buy at the price of 1.3030. With SL 1.3000, TP 1.3130.
Then the price went up to 1.3080, u can set SL to 1.3060, so even if the price move back against u, u still secure 30pips profit.

Now i understand. Thanks

So normally how you guys take profit? Using trailing stop to let the profit run or you guys preferred close the order once profit reach your target value?

Both ways dude.
We're not god, we can't predict future price.
Sometimes we look at the market and challenge for more pips, Trailing Stop works fine here. (Still secure positive pips here, rather than negative pips)
Sometimes is just take and run mode.

Which ever it is, the final result is positive pips then is good enough.

US Senate would reject House bill as shutdown looms

again. less than 48hrs to settle lol~

true
sometime i closed the order the price keep on going, i was like "why i close so early".
but sometime i did not close the order hope the price will keep going, the price go the other way and i lost the little profit, i was like "why i dont close it early".


By the way, what indicators/tools you guys preferred when predicting the trend?

exit is the most important bro
sometimes ppl can find a good entry but dont know where to exit and exit too early
try to find trading system that have clear entry and exit
i would suggest candlestick pattern for entry
and support/resistance for exit

Euro is like building base.
Or maybe market preparing for upcoming NFP.

would like to EU challenge .3700

I wish to ask a question regarding to the gap. I had set the TP price within the gap which means none of the candle bar touches the price. In this case, should the trade be closed based on the new open price or based on the TP price ? I found that some trades has closed on the TP price and some trades has closed at new open price (same broker but different accounts). Anyone know the actual rule ?