Hello, did you catch the crossover trades on CadChf long and EurGbp short earlier? I did thanks to what ive been observing in your thread, you are doing excellent work my friend
Hello, did you catch the crossover trades on CadChf long and EurGbp short earlier? I did thanks to what ive been observing in your thread, you are doing excellent work my friend
Joined Oct 2006
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Status: Infinite Possibilities
|541 Posts
Ok... As much as I'm tempted to keep looking for more juicy trades, I'm resisting to trade anymore!
This is because I've been around awhile, and I've been here before, only to lose my weeks profits on a Friday!
Joined Oct 2006
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Status: Infinite Possibilities
|541 Posts
Here's an example of the Moving Average Crossover strategy
Crossover of fast ema 26, slow ema 100, wait for a pullback and look for a sign of reversal. Enter trade, set SL above the structure (in this example) trade with the trend.
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Joined Aug 2015
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Status: Learning with the life
|250 Posts
Hi DB, how are you?
Nice journal, i like much..
Taking advantage of the hook, turn and move I also do these challenges with me and I would like to ask you if I can get a hook with you in the newspaper and go up together, what do you think? I will also start with 10$ on my negotiable strategies and maybe reach 10k?..
Joined Oct 2006
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Status: Infinite Possibilities
|541 Posts
First Trade of the week is in...
It'll be a pretty hefty hit to my account if I get stopped out but I'm hoping to take half profits at R1 to create a risk free trade for the potential reversal
Okay, so I changed my mind!
I took my profits already, $50, all within an hour
It's Monday and let's watch it drop all week but I added 9 percent to my account so there's that!
Still in the EJ trade with smaller position, (bigger SL) let's see how that plays out
EJ Trade, Toppy on the Daily... 50 pip SL, if or when, it hits my RR1 I'll close half the position.. Or change my mind................... Never know I'm not very disciplined sometimes {image}
Ignored
Ok, so yes, I did change my mind!
Minimizing risk and exposure
Sometimes stoch can be overbought oversold for long time. This happens usually when a strong trend started.
When you hit SL, do you use any recovery or just move on to next opportunity?
{quote} Sometimes stoch can be overbought oversold for long time. This happens usually when a strong trend started. When you hit SL, do you use any recovery or just move on to next opportunity?
Ignored
I don't pay much attention to Stochastic actually...
Ive had a tendency to chase them and blow my accounts, to be honest.
But the better, disciplined way is to let it go and wait for the next opportunity with no consideration to my previous losses
