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Trading Experiment: 100% by end of year

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  • Post #21
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  • Nov 27, 2006 3:08am Nov 27, 2006 3:08am
  •  Xenaga03
  • | Joined Feb 2006 | Status: Member | 144 Posts
Gap can be seen on all timeframes (usually 15min,30,1hr,4h,weekly. Monthly is rare). The japenese call it a window. Last week, Pound rallied and close near its highs. Traders usually dont keep an open position over the weekend but since it closed near the high, that means buyers were willing to commit to their position for the weekend. I think this is one of the reasons we got a huge gap on pound. Gaps usually occur during news time like NFP or CPI but those are not the gaps I watch. I noticed that when the week closes, and when it opens again on monday, if we get a decent gap, it will retrace to the gap. From there, it might find support or it can serve as resistance.
Yes I am risking more then 2% of my capital on any given trade. Usually 10% but sometimes it more or less depending on the currency and some trades you have a very tight stop loss so not much risk.
London didnt have the response I was looking for .
 
 
  • Post #22
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  • Nov 27, 2006 3:14am Nov 27, 2006 3:14am
  •  Xenaga03
  • | Joined Feb 2006 | Status: Member | 144 Posts
I got out at +42 pips =( my exits suck.
 
 
  • Post #23
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  • Nov 27, 2006 3:21am Nov 27, 2006 3:21am
  •  Xenaga03
  • | Joined Feb 2006 | Status: Member | 144 Posts
Just bought at 1.9373 for scalping
 
 
  • Post #24
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  • Nov 27, 2006 3:30am Nov 27, 2006 3:30am
  •  Xenaga03
  • | Joined Feb 2006 | Status: Member | 144 Posts
Just got out -24 on that last trade. Overtrading kills my equity. Have to learn to stay out. I think thats a problem for allot of traders. Wanting to be in a trade all the time. I just sold again at 1.9339 because looks like a breakout?
 
 
  • Post #25
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  • Nov 27, 2006 12:51pm Nov 27, 2006 12:51pm
  •  Xenaga03
  • | Joined Feb 2006 | Status: Member | 144 Posts
Got out of my short trade at a loss. Impulse trading killed all my profits today ended with +3 pips.
 
 
  • Post #26
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  • Nov 29, 2006 3:40am Nov 29, 2006 3:40am
  •  Xenaga03
  • | Joined Feb 2006 | Status: Member | 144 Posts
I fail. Thanks for looking.
 
 
  • Post #27
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  • Last Post: Nov 29, 2006 4:26am Nov 29, 2006 4:26am
  •  Mizoem
  • | Joined Oct 2005 | Status: Money Pit | 20 Posts
Quoting Xenaga03
Disliked
I fail. Thanks for looking.
Ignored
Do you mean fail for the day or did you lose your account?

Jon
 
 
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