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    Thread: How many pips difference you keep between 2 deals? (Part 2)

    1. #1
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      Default How many pips difference you keep between 2 deals? (Part 2)

      I generally set 30 pips away for the first one. But not the same type I usually hedge my trade. It actually help me to give my trade some time without further loss. Sometime it brings profit as well of some 10/20 pips. If you 2000 pip coverage then you can try another trade at the same direction of first one as well.


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      I think this not going to be need at all. When you face loses then predict that, will the price line go more negative or not. If yes then open a reversal trend. After quite past some time, when you realize that, price line will return you first open line. Then close your second open line with profit and set stop loss in first line. If price line across your first open line then you will be realize that, you saved your forex trade without no loses and also take profit.


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      It depends of the condition of the pair. Sometimes I place order in 20 pips difference, sometimes 100 pips difference. If the pair is taking preparation to change trend then sometimes I place order in 1-2 pips difference.


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      Default

      I use 30 to 50 pips for the second offering, this I do if the initial transaction losses, all depending on the trading system that we use. 50 pip range for the pair eur / jpy I think it is suitable


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      Default pips

      Most of time i set up my position very carefully and maximum time i use 40-60 pips every deal. Because most of time i lost huge money for open deal in very small different.


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      when i make 50 pip between two deals but i used to open deals with different currency
      it is very good


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      Firstly this kind of technique is very dangerous especially if the first trade is high lot since opening another trade just thinking to get in profits can really back fire because sometimes the market keep going against us and with another order open we make it much more difficult and than we really destroy our account completely.


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      I think different trader could be different point of view and consideration about the question. If me, I don't use difference in pips between 2 deals because I prefer to make analysis in each single transaction. If it has hitted on SL or TP, I would trade in the next day.


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      Generally I do not open a second position until the first order is successfully transacted in the market. if I had to do anything like this I always follow the Bollinger Bands indicator. because this indicator help me to define the edge of the price tend.


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      Quote Originally Posted by arubh View Post
      When opening 2 deals in same currency how many pips difference you people keep. please give me idea because sometimes I am at loss of 6usd to 10 usd when I should open new deal in same direction in same currency
      my dear i think when i do the trade then i saw the market value and then take the trade in the forex so when market up or down and the i will close the my any trade which is give me the profit


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