I am also only getting limited time to trade here but i am always looking at the end of the day for setups. This is my third trade and the first profitable one (although i am demoing the 15m) closed for potential 6%.
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DislikedHi Coolshades,
The last two weeks have been pretty lucky for me - I've been able to access my charts pretty much all day every day but there will be plenty of times when I just won't be able to trade. Speaking of lucky, since starting this journal I am up about 23% so far. Not bad for two weeks work I reckon!
Regards,
Dan
PS... Mmmmm burgers and beers!Ignored
DislikedI am also only getting limited time to trade here but i am always looking at the end of the day for setups. This is my third trade and the first profitable one (although i am demoing the 15m) closed for potential 6%.Ignored
DislikedLucky or good trading skills i think maybe the latter, hope you keep it up and we all learn to reach that level.
Nice to think that trading this way full time (as well as daily trading) with a £10k account would have made you £2300 in two weeks and thats not compounded! Not bad work really from a relatively small account. I can hopefully see myself one day soon trading long term charts and 15m scalping for a living
Keep up the good work.Ignored
DislikedHi Dan and Others,
I have been demo trading the EUR/USD, and the GBP/USD
and so far I have had good success using this experimental system.
Does anybody recommend any other pairs that would be good?
Regards, -JoelDIgnored
DislikedYes I would add EUR/JPY works well... speaking of which; this one should be self-explanatory... +4% for today.Ignored
DislikedHi Dan i missed this one as i was working, but looking back i spotted it but thought it would have ended up as BE? Are you not moving to BE when x1 is achieved which it would have been hit before coming back and getting stopped out? Just interested how you are managing your stops.
Nice trade thoughIgnored
DislikedHi Dan,
Yes! I took that very same trade, the pinbar right off of 112.00, then closed the trade at S1, 111.47, this was a 1:1 trade.
As soon as I learn how to include charts here, I will try to contribute more here.
Question: how do you figure the percentage of your profit?
Regards, JoelDIgnored
DislikedOk - I sold this nice little pin bar on EUR/USD this morning. It wasn't perfect as I would have liked a lower close but I liked the location - resistance from 1.2550 and S1.
I was planning to move to BE on 1:1 at 1.25273 but it didn't quite make it so I took a 2% loss this morning! Doh!Ignored
DislikedI spotted this one and was going to ask if you had taken it for a loss, i guess its just one of those things, is this your first loss using this strategy? If so thats incredible to make 10 trades and only have one loser! It makes this a very profitable system.Ignored
DislikedHi bez,
No it's not my first loss trading this way but it is my first loss since starting this journal.
It's been good going so far with this strategy - it's not a 90% win ratio (in the long run) but it's probably around 70% if you pick the best setups.
Regards,
DanIgnored
DislikedStill 70% is very good when you think that the % return on the wins is normally higher than the risks? Dan are you still going to post your daily results?
#Ignored