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I haven't got a clue!

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  • #81
  • Jan 5, 2007 11:30am Jan 5, 2007 11:30am
Closing Week Summary

Will I recover from the open loss above? I was in a far worse position earlier this week. 85 pips adrift at one stage. I'd back it. I'd put money on it. Ohh... wait a minute, I have!

3 trades long open loss $182 and free margin $246. And that's it from me until the London open on Monday. Have a great weekend everyone.


Do not focus on making money; focus on protecting what you have.
  • #82
  • Jan 8, 2007 1:14am Jan 8, 2007 1:14am
Currently 3 longs and 1 short open EURUSD with an open loss of $202 and free margin of $357.
Do not focus on making money; focus on protecting what you have.
  • #83
  • Jan 8, 2007 7:13am Jan 8, 2007 7:13am
Currently 3 longs and 1 short open EURUSD with an open loss of $208 and free margin of $351.

Intraday technical indicators are mixed, but the pair remains in a bearish channel, this maintains a downside pressure.

http://www.tradingcentral.com/chart/...0108140419.GIF
Do not focus on making money; focus on protecting what you have.
  • #84
  • Jan 8, 2007 7:54am Jan 8, 2007 7:54am
I'm nervous about the short as today 3028 is realistic and I'm looking for further upside with 3058 & 3106 as targets.

Exited short for 2 pips. I'll short again if it gets near to 3028 but doesn't break through.

Free margin $189 and open loss $240.
Do not focus on making money; focus on protecting what you have.
  • #85
  • Jan 8, 2007 7:58am Jan 8, 2007 7:58am
I wish I'd stayed in now. Exited at 2999 then it promptly fell to 2975.
Do not focus on making money; focus on protecting what you have.
  • #86
  • Jan 8, 2007 8:06am Jan 8, 2007 8:06am
New Long EURUSD 2989 and exited 2990 for 1 pip. Not posted before.
Do not focus on making money; focus on protecting what you have.
  • #87
  • Jan 8, 2007 8:15am Jan 8, 2007 8:15am
Opening the fourth long lot EURUSD put my free margin down to $48 so I felt it was prudent to exit for a silly pip because a margin call was imminent if it had gone against me by 12 pips.

I may live to fight another day.
Do not focus on making money; focus on protecting what you have.
  • #88
  • Jan 8, 2007 8:25am Jan 8, 2007 8:25am
Update EURUSD on 3 lots current open loss $201 and free margin $229.
Do not focus on making money; focus on protecting what you have.
  • #89
  • Jan 8, 2007 8:27am Jan 8, 2007 8:27am
Quoting Why Oh Why
I'll drop by here two or three times a week when I've got something to say.
I think you should change "week" to "hour".
  • #90
  • Jan 8, 2007 8:42am Jan 8, 2007 8:42am
Quoting twinchell
I think you should change "week" to "hour".
Or minute even? Good to see you twinchell.
Do not focus on making money; focus on protecting what you have.
  • #91
  • Jan 8, 2007 9:02am Jan 8, 2007 9:02am
Update EURUSD Current open loss $147 and $283 free margin.
Do not focus on making money; focus on protecting what you have.
  • #92
  • Edited 9:35am Jan 8, 2007 9:24am | Edited 9:35am

http://www.wildmonkey.org/fxdd/trades3.jpg

http://www.wildmonkey.org/fxdd/trades4.jpg


65% profit in 10 trading days.

Please note: I am interested in two things. % profit on closed trades related to account size and the consecutive string of unbroken profitable trades. The open loss and free margin, which may limit my trading, as now, are of interest but as I said at the start of this thread I really do expect my account to blow up sooner rather than later. In fact, I'm sure I'm not the only one to be surprised that the account hasn't blown up sooner. We'll see how much longer I can last.

:surprised

Do not focus on making money; focus on protecting what you have.
  • #93
  • Jan 8, 2007 9:49am Jan 8, 2007 9:49am
As long as 1.292 is a support, a rise towards 1.318 and even 1.33 seems likely and my pivot point stands at 1.292. A break below 1.292 would cancel rebound chances and would lead the to 1.281 and even 1.269.

Trend: ST consolidation; MT bullish.
Do not focus on making money; focus on protecting what you have.
  • #94
  • Jan 8, 2007 10:10am Jan 8, 2007 10:10am
Fantastic Job, Why Oh Why!!!
But sometimes the market goest its own way...
Hope you will find your best trades soon
  • #95
  • Jan 8, 2007 10:36am Jan 8, 2007 10:36am
Quoting Why Oh Why

http://www.wildmonkey.org/fxdd/trades3.jpg


http://www.wildmonkey.org/fxdd/trades4.jpg


65% profit in 10 trading days.

Please note: I am interested in two things. % profit on closed trades related to account size and the consecutive string of unbroken profitable trades. The open loss and free margin, which may limit my trading, as now, are of interest but as I said at the start of this thread I really do expect my account to blow up sooner rather than later. In fact, I'm sure I'm not the only one to be surprised that the account hasn't blown up sooner. We'll see how much longer I can last.



:surprised






why do you even talk about blowing your account over and over? Mind power is stronger than we think. If you subconsciously looking to blow your account, you might actually will
  • #96
  • Jan 8, 2007 10:48am Jan 8, 2007 10:48am
Quoting kentastisfx
Fantastic Job, Why Oh Why!!!
But sometimes the market goest its own way...
Hope you will find your best trades soon
Thanks kentastisfx for your kind words.
Do not focus on making money; focus on protecting what you have.
  • #97
  • Jan 8, 2007 10:55am Jan 8, 2007 10:55am
Quoting hilmy83
why do you even talk about blowing your account over and over? Mind power is stronger than we think. If you subconsciously looking to blow your account, you might actually will
"What the mind of a man can conceive and believe he will achieve." Or something like that. I do actually believe I can get to a string of 50 profitable trades. Perhaps that is why I'm at 32 so far. But my goals are regularly revised - a bit like the technicals on forex!

And thanks for dropping in hilmy83. Great to see you here.
Do not focus on making money; focus on protecting what you have.
  • #98
  • Jan 8, 2007 11:10am Jan 8, 2007 11:10am
Failure to continue past my pivot of 3028 on 4 occasions in the last 20 minutes opens up a short at that level for 10 pips. IMO we could still see further consolidation in a 20 pip range before the next push upwards. I just hope it hits TP quickly.
Do not focus on making money; focus on protecting what you have.
  • #99
  • Jan 8, 2007 11:14am Jan 8, 2007 11:14am
Free margin is now a bit healthier at $414. My maximum of 4 trades now open. Short above now at $4 profit.
Do not focus on making money; focus on protecting what you have.
  • #100
  • Jan 8, 2007 11:41am Jan 8, 2007 11:41am
Quoting Why Oh Why
Currently 3 longs and 1 short open EURUSD with an open loss of $202 and free margin of $357.
Above is my position at the start of my trading day (GMT=+1).

I am now currently again 3 longs and 1 short open EURUSD with an open loss of $149 and free margin of $412.

I've closed 1 trade with 1 pip profit and my open loss has reduced by 53 pips. I'm happy. With $1 for 4 hours work. But I'm glad my other markets did better.
Do not focus on making money; focus on protecting what you have.
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