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Simplicity is the ultimate form of sophistication ( Elite ) 866 replies

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Simplicity is the Key

The Statement
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MY TRADES -- Week 3-16-08

PIP TALLY
================================
TOTAL for the week ======== + 581 pips
================================
Quoting Bill37
Great points.
I have still not mastered the fear/greed, downward spireling scenario that can happen when I start placing bad trades, especially against the trend.

I was thinking of trading with you, but I think I will just watch with envy for now ! I need to learn how to do this on my own.

-Bill
I appreciate your posting and questions, but please remember some people have their own way of trading as you have your own way. I WOULD REALLY APPRECIATE IF YOU AVOID USING THE WORD GREED. If others trade different than yours, you dont have to call them GREEDY. Otherwise everyone that are more bolder than your trading style will be branded greedy. Thank You
Quoting trader101
I appreciate your posting and questions, but please remember some people have their own way of trading as you have your own way. I WOULD REALLY APPRECIATE IF YOU AVOID USING THE WORD GREED. If others trade different than yours, you dont have to call them GREEDY. Otherwise everyone that are more bolder than your trading style will be branded greedy. Thank You
You misunderstood me. I was not calling you greedy. I was referring to the psycology of trading. When I am not making good trades, that effects me.

The fear one feels when down in a position that can cause them to get out too early before the trade turns in their favor. Conversely the greed that can effect you when up in a position, trying to sqeeze more pips out of a trade, then it reverses and you have turned a winner into a loser. Any book you read on trading will talk about this.
Quoting Bill37
You misunderstood me. I was not calling you greedy. I was referring to the psycology of trading. When I am not making good trades, that effects me.

The fear one feels when down in a position that can cause them to get out too early before the trade turns in their favor. Conversely the greed that can effect you when up in a position, trying to sqeeze more pips out of a trade, then it reverses and you have turned a winner into a loser. Any book you read on trading will talk about this.
Understood.. Just please avoid using the word.. It affects me when i hear that word. I trade on my experience .. it maybe not according to the book you read, still it delivers me the goods. Peace.
  • #2,366
  • Quote
  • Mar 18, 2008 11:42pm Mar 18, 2008 11:42pm
UPDATEs:
Long Term Trading--Started Today
1)Sell GbpJpy @ 201.14--- +85
2)Sell UsdJpy @ 100.17 --- +58
3)Sell UsdChf @ 1.0012 --- +36
4)Sell AudJpy @ 93.15 --- +21
5)Sell EurJpy @ 156.55 -----+50
6)Sell EurChf @ 1.5669 --- +20
7)Sell EurUsd @ 1.5635 -----+35
8)Buy GbpUsd @ 2.0079---- +33
9)Sell ChfJpy @ 99.89 --- +5
10) Buy NzdUsd @ 0.8116---+19
11) Buy AudUsd @ 0.9315---+5
12) Buy UsdCad @0.9900----+3
========================
Unrealized P/L------------- + 370 pips
This is for the benefit of those who requested a copy of my Long Term Trade. I open my trades on Tuesday Night (considered wednesday) and let it run until Tuesday next week. Close it on Tuesday after noon. Then reopen new trades On Tuesday Night.
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  • #2,367
  • Quote
  • Mar 19, 2008 10:20am Mar 19, 2008 10:20am
Ok I am done trading for the week. I will not be trading for Thursday and Good Friday. Below is my Pip Tally summary for the 2 weeks that Ive traded.

PIP TALLY
==========================
Week 3-09 ======== +702 pips
Week 3-16 ======== + 581 pips
==========================
Total ---------------- +1283 pips
==========================
Have a good Holy Week and Easter to all.
trader101,
your style (and a little "homework" on my part)...got my trading going nicely...
so far, this week, this is what i have at the moment .
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Any updates on your daily method?
Hey Trader 101

I just noticed you got your 1 KT status. Congratulations! You deserve it!

Hope to see you back at the forum soon.
Quoting ZeeJay
trader101,
your style (and a little "homework" on my part)...got my trading going nicely...
so far, this week, this is what i have at the moment .
Nice Going Bro..Keep it up. Been busy at work this week, couldnt find time to trade on a 4 hours system. Anyways, i attached my sshot for the Long Term Trading started yesterday. Some are requesting for it. But i dont know if it is of help to you since this started yesterday, although there are some pairs which i started today. Too lazy to itemized them...
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Having another busy week at work, Trader101?

With the good results you've been having, you may be able to quit your job and do this full time soon.
thx for the generosity
I don't say
Originally Posted by trader101 http://forexfactory.com/images/buttons/viewpost.gif
MY TRADES -- Today 4-1-08

New Trade
1) Buy UsdJpy @ 101.88
2) Buy UsdChf @ 1.0121
3) Sell EurUsd @ 1.5598
4) Sell AudUsd @ 0.9045

How long should we hold this positions and also what should our TP and SL look like?
Quoting ayour2a
Originally Posted by trader101 http://forexfactory.com/images/buttons/viewpost.gif
MY TRADES -- Today 4-1-08

New Trade
1) Buy UsdJpy @ 101.88
2) Buy UsdChf @ 1.0121
3) Sell EurUsd @ 1.5598
4) Sell AudUsd @ 0.9045

How long should we hold this positions and also what should our TP and SL look like?
Please DELETE your post on the other thread...... Please read post #1 of that thread....
Quoting trader101
Please DELETE your post on the other thread...... Please read post #1 of that thread....
ok.will do that right away
MY TRADES -- Today 4-1-08

UPDATES:
Current Trades
1) Buy UsdJpy @ 101.88 Currently +9
2) Buy UsdChf @ 1.0121 Curr +8
3) Sell EurUsd @ 1.5598 Curr +12
4) Sell AudUsd @ 0.9045 Curr +5
5) Buy EurChf @ 1.5791 Curr -6
6) Buy GbpJpy @ 201.26 Curr +1
7) Buy AudJpy @ 92.17 Curr -7
8) Sell EurGbp @ 0.7894 Curr -2
9) Sell GbpUsd @ 1.9747 Curr +1
MY TRADES -- Today 4-1-08

UPDATES:
Current Trades
1) Buy UsdJpy @ 101.88 Currently +24
2) Buy UsdChf @ 1.0121 Curr +21
3) Sell EurUsd @ 1.5598 Curr +40
4) Sell AudUsd @ 0.9045 Curr -24
5) Buy EurChf @ 1.5791 Curr -11
6) Buy GbpJpy @ 201.26 Curr +80
7) Buy AudJpy @ 92.17 Curr +40
8) Sell EurGbp @ 0.7894 Curr +30
9) Sell GbpUsd @ 1.9747 Curr -40
Unrealize P/L ========= +160 pips
MY TRADES -- Today 4-1-08

SUMMARY
Last Trades
1) Buy UsdJpy @ 101.88 Profit +39
2) Buy UsdChf @ 1.0121 Profitr +38
3) Sell EurUsd @ 1.5598 Profit +55
4) Sell AudUsd @ 0.9045 Loss -17
5) Buy EurChf @ 1.5791 Loss -1
6) Buy GbpJpy @ 201.26 Profit +105
7) Buy AudJpy @ 92.17 Profit +45
8) Sell EurGbp @ 0.7894 Profit +37
9) Sell GbpUsd @ 1.9747 Loss -39

PROFIT================= 262 PIPS
Statement of Last Trades:
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