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- MikeTye replied Nov 29, 2011
Day 7 — Had just the one trade today, could have been so much better but I bottled it and took a slight loss Short EUR/JPY Entry: 104.37 SL: 11 pips Exit: 104.403 Result: -3.3 pips image Shame I didn't trust myself as it had a ...
- MikeTye replied Nov 28, 2011
Day 6 — Nice little start to the week... Short EUR/USD Entry: 1.3395 SL: 12 pips Exit: 1.3375 Result: +20 pips Long AUD/USD Entry: 0.9920 SL: 11 pips Exit: 0.9909 Result: -11 pips image image Total: +9 pips
- MikeTye replied Nov 25, 2011
~Day 5 — Just the one trade today, was a pretty good one so thought I might as well end the week on a high Long GBP/JPY Entry: 119.44 SL: 15 pips Exit: 119.58 Result: +14 pips image Could have left it for muuuuuch longer to make more pips ...
- MikeTye replied Nov 24, 2011
Day 4 — Another slight loss today, one trade went really well, one I got stopped out just before things turned my way and one was just bad Long GBP/USD Entry: 1.5501 SL: 11 pips Exit: 1.5490 Result: -11 pips image Long EUR/GBP Entry: ...
- MikeTye replied Nov 23, 2011
Day 3 — Slight loss today, started off pretty badly on the USD/CHF, got stopped out straight away but made a bit back later on on the NZD/JPY Short USD/CHF Entry: 0.9162 SL: 13 pips Exit: 0.9175 Result: -13 pips (-1 RR) image Long NZD/JPY ...
- MikeTye replied Nov 22, 2011
Day 2 — Thank you for the comments, that's what I sometimes think, the markets are so complex and 'deep', it can seem almost impossible to decipher what might happen but hopefully just having a slight edge will win through over the long term. ...
- MikeTye replied Nov 21, 2011
First day on it — Don't take it personally but this is why I started this, I don't give 2 hoots what should/shouldn't be done, I saw on someone's sig on here the saying "95% of traders fail because they come onto forums and get taught how to ...
- MikeTye replied Oct 3, 2011
Many people still using this technique? I took a short trade on the GU, did pretty much what I expected but I bloody forgot to change the lot size so instead of being able to take half off at +30, I just took it all off and accepted that mistake ...
- MikeTye replied Feb 21, 2011
I know it's a while since this was posted but this is what I always say, look what happens to the sheep.. They get led to the slaughterhouse!
- MikeTye replied Nov 26, 2010
First off, thank you for your reply I know what you mean with the possible problem at 1.3700, I did have the entry order just under that so it would only get triggered if it broke past that RN. And just looking at it now, it hit 1.36994 before ...
- MikeTye replied Nov 26, 2010
EUR/AUD possibility? — I've been trying to work things out for myself for the last 3 months of trading the J16 way, had *some* success but would like a 2nd opinion after a few bad trades. I've tried to illustrate the confluence (1.3750 RN, ...
- MikeTye replied Nov 5, 2010
87% of statistics on the internet are made up on the spot I just think that you can't generalise things with just one saying, for instance, the trend is sometimes your friend, other times its your worst enemy!
- MikeTye replied Nov 3, 2010
I haven't been affected by this particular gap but I did once have my stop of around -20 pips get to -60 pips due to slippage (Effectively 3 losing trades in a row!) so I spoke to the people at FXCM and they were kind enough to reimburse me the ...
- MikeTye replied Oct 29, 2010
I've always considered the RR thing to be more use in statistics, rather than planning a system/strategy around it. The lower the Risk:Reward (1:0.5) then the better the chance, theoretically, of hitting your take profit level but then it only takes ...
- MikeTye replied Oct 27, 2010
This is quite often distinguishes the difference between a profitable trader and someone who loses lots of the time. There's a reason to go both ways but the profitable trader will probably have more and/or better reasons for going the way they do ...
- MikeTye replied Oct 12, 2010
I thought about this one too but in my eyes, its heading straight into lots of previous bar lows, you could almost use your 'buy' line as a line to show where the candles have bounced off of before I could (and probably) will be totally wrong though ...
- MikeTye replied Aug 30, 2010
As has been said, everyone trades differently so I'll add a bit from both sides to help make your own decisions. You could say that you shouldn't be greedy and having a set TP at 1:1 gives you a simple exit strategy On the other hand, you could say ...
- MikeTye replied Jun 20, 2010
I know this is an old thread but just to back up what has been said about using an exercise ball as a chair, when I was seeing a personal trainer she swore by the idea and whenever I saw her at her desk she was using it so well worth a try if ...
- MikeTye replied Jun 16, 2010
Everyone has different views on where to put their stop-loss, I feel that it should be at a point where the reasons that you took the trade in the first place, have all been broken. Or you could think of it as where you could actually take the ...
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