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Simplicity is the Key

  • #2,361
  • Mar 18, 2008 3:32pm Mar 18, 2008 3:32pm
The Statement
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  • #2,362
  • Mar 18, 2008 3:38pm Mar 18, 2008 3:38pm
MY TRADES -- Week 3-16-08

PIP TALLY
================================
TOTAL for the week ======== + 581 pips
================================
  • #2,363
  • Mar 18, 2008 3:57pm Mar 18, 2008 3:57pm
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
  • #2,364
  • Mar 18, 2008 5:11pm Mar 18, 2008 5:11pm
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.
  • #2,365
  • Mar 18, 2008 6:29pm Mar 18, 2008 6:29pm
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
  • Mar 18, 2008 8:42pm Mar 18, 2008 8:42pm
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
  • Mar 19, 2008 7:20am Mar 19, 2008 7:20am
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.
  • #2,368
  • Mar 26, 2008 10:13am Mar 26, 2008 10:13am
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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  • #2,369
  • Mar 26, 2008 3:08pm Mar 26, 2008 3:08pm
Any updates on your daily method?
  • #2,370
  • Mar 26, 2008 3:17pm Mar 26, 2008 3:17pm
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.
  • #2,371
  • Mar 26, 2008 4:47pm Mar 26, 2008 4:47pm
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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  • #2,372
  • Mar 31, 2008 10:07pm Mar 31, 2008 10:07pm
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.
  • #2,373
  • Apr 1, 2008 5:36am Apr 1, 2008 5:36am
thx for the generosity
I don't say
  • #2,374
  • Apr 1, 2008 11:24am Apr 1, 2008 11:24am
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?
  • #2,375
  • Apr 1, 2008 11:25am Apr 1, 2008 11:25am
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....
  • #2,376
  • Apr 1, 2008 11:35am Apr 1, 2008 11:35am
Quoting trader101
Please DELETE your post on the other thread...... Please read post #1 of that thread....
ok.will do that right away
  • #2,377
  • Apr 1, 2008 11:35am Apr 1, 2008 11:35am
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
  • #2,378
  • Apr 1, 2008 10:44pm Apr 1, 2008 10:44pm
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
  • #2,379
  • Apr 1, 2008 10:57pm Apr 1, 2008 10:57pm
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
  • #2,380
  • Apr 1, 2008 11:04pm Apr 1, 2008 11:04pm
Statement of Last Trades:
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