Long GJ got distracted and resulted in my trade running to +10 before pulling some profit.
"Strive not to be a success, but instead be of value." - Albert Einstein
“If all else fails, strive to be lucky.” – hal7
Trading is as simple as 1-2-3
- #4,381
- Aug 9, 2017 8:47am Aug 9, 2017 8:47am
- Joined Apr 2011 | Status: Trader | 3,454 Posts
Long GJ got distracted and resulted in my trade running to +10 before pulling some profit.
"Strive not to be a success, but instead be of value." - Albert Einstein
“If all else fails, strive to be lucky.” – hal7
- #4,382
- Aug 9, 2017 8:51am Aug 9, 2017 8:51am
- Joined Apr 2011 | Status: Trader | 3,454 Posts
GJ +24, now on 20 trailer...
- #4,383
- Aug 9, 2017 9:18am Aug 9, 2017 9:18am
- Joined Mar 2012 | Status: Trader | 14,388 Posts
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- #4,384
- Aug 10, 2017 3:07am Aug 10, 2017 3:07am
- Joined Apr 2011 | Status: Trader | 3,454 Posts
Long EU +5 locked
- #4,385
- Aug 10, 2017 3:53am Aug 10, 2017 3:53am
- Joined Apr 2011 | Status: Trader | 3,454 Posts
8 of the 10 pairs I watch were in play this past hour. All 8 achieved +5 = 40. Right now that stand at +32.
My EU trade is +11 trailing stop on.
I just have to figure out how to execute 8 trades at the same time, not easy. But so far I am good with one and up to 3 would be doable.
Next hour I will be watching my second bar on these trades to see how many keep going. Earlier I in the Asia session I have seen a number of these fail.
My EU trade is +11 trailing stop on.
I just have to figure out how to execute 8 trades at the same time, not easy. But so far I am good with one and up to 3 would be doable.
Next hour I will be watching my second bar on these trades to see how many keep going. Earlier I in the Asia session I have seen a number of these fail.
- #4,386
- Aug 10, 2017 4:14am Aug 10, 2017 4:14am
Was a bit sloppy this morning ... a few pips late entering GBPUSD and stopped out as a result, tighter entry would have given up +2 before the drop
After bouncing off last week's low was primed for a second entry but never quite got the pullback
Keeping an eye on USDCAD & EURUSD ... regular pairs aren't looking so tempting today, might need to start thinking exotic
edit: and EURGBP edging towards weekly low and last fortnight's big pivoty .9000
After bouncing off last week's low was primed for a second entry but never quite got the pullback
Keeping an eye on USDCAD & EURUSD ... regular pairs aren't looking so tempting today, might need to start thinking exotic
edit: and EURGBP edging towards weekly low and last fortnight's big pivoty .9000
- #4,387
- Aug 10, 2017 4:48am Aug 10, 2017 4:48am
- Joined Apr 2011 | Status: Trader | 3,454 Posts
Short the CA +5 locked. This is about as classic as it gets. Price moved right up near that high then came back down through the open. It barely triggered and started moving back up again. However it came back down and got target.
I like it when the trades move up a lot like that before coming back through, however many don't do that but trigger right near the open and you have to make that call.
- #4,388
- Aug 10, 2017 5:47am Aug 10, 2017 5:47am
- Joined Apr 2011 | Status: Trader | 3,454 Posts
Second long on EU +5 locked. This set up came down and made a new low on the current bar but pushed back up through. Took my cue off of HOLO also.
- #4,389
- Aug 10, 2017 5:58am Aug 10, 2017 5:58am
- Joined Apr 2011 | Status: Trader | 3,454 Posts
EU +10, 10 trailer on
- #4,392
- Aug 10, 2017 9:14am Aug 10, 2017 9:14am
- Joined Apr 2011 | Status: Trader | 3,454 Posts
{quote} Still holding that?
I have basically two strategies on moving stop losses. In this particular trade I moved it to break even and guess what. They usually get hit. Because price moves up and down, up and down.
My other strategy is to not move my original stop. In that case since I take the bulk of the trade off at +5 I don't take much of a loss if it hits. One of those bars is going to be the high and low of the day we just don't know which one.
On this CA by not moving the stop it would have run about +50 on that remainder. Of course now it is running right back up again. I'm pretty much done trading for today. But a very nice move on that CA north this hour +30.
- #4,393
- Aug 10, 2017 10:48am Aug 10, 2017 10:48am
- Joined Mar 2012 | Status: Trader | 14,388 Posts
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- #4,394
- Edited 2:10pm Aug 10, 2017 1:56pm | Edited 2:10pm
{quote} Nope long out of that. Markets have been kind of jumpy today, what's new? I have basically two strategies on moving stop losses. In this particular trade I moved it to break even and guess what. They usually get hit. Because price moves up and down, up and down. My other strategy is to not move my original stop. In that case since I take the bulk of the trade off at +5 I don't take much of a loss if it hits. One of those bars is going to be the high and low of the day we just don't know which one. On this CA by not moving the stop it would...
That's me done for the week, thanks all for the help ... will rinse & repeat come Monday
edit: if I'd have held my EURGBP from earlier would currently be at a 1:8 R:R and rising, without much pullback ... not kicking myself about missing out but think I need to harden my balls of steel
- #4,397
- Aug 11, 2017 3:15am Aug 11, 2017 3:15am
- Joined Apr 2011 | Status: Trader | 3,454 Posts
Short CF locked +5
- #4,398
- Aug 11, 2017 3:48am Aug 11, 2017 3:48am
- Joined Apr 2011 | Status: Trader | 3,454 Posts
CF +20, 10 trailer on.
- #4,399
- Aug 11, 2017 3:02pm Aug 11, 2017 3:02pm
- Joined Mar 2012 | Status: Trader | 14,388 Posts
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
