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Thread: Fibonacci Trading

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#426 (permalink)

09-09-2008, 09:26 AM

cmellon

Member

Join Date: Apr 2008

Posts: 1,495

cmellon is an unknown quantity at this point

Hi Ilya,

I am wondering if you have a target for your Euro short 1.55 position.
Will you trail SL every 500 pips and keep it open until your SL got hit?

Theoretically, at some point we should expect a long period of consolidation (months or years) where EUR USD trades in a certain range. By keeping open the short position in this case will cost the daily interest while the potential gain is capped.

Just curious as to your exit strategy when you have entered the right trade at the right direction. Thanks.

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