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- #163
- Jul 2, 2008 8:57am Jul 2, 2008 8:57am
A little short explaination on the yen and swissy. It wasnt the best set up in terms of RR as there isnt a lot of space for price to move, plus its counter trend. Worse, fundamentally i been bearish USD for the longest time. But i decided to take it (50% of normal lot) as the RR can be at least 1:1.5 and the PB looks good from my charts. Still it wasnt the best set up.
Looking back, EUR shld be closed yesterday manually! as the 2nd day bar wasnt bearish nor did price support the bear unlike the other crxs. I wasnt discipline enough to close it thinking " I COULDNT BE WRONG"" and hoping (urghhh!!! newbie mistake!!!!
)
Something to learn, if 2nd day price didnt work out as planned or indicate my direction, it will be best to close it at breakeven, or even small lost when possible. EURUSD did the most damage for tonight trades.
Looking back, EUR shld be closed yesterday manually! as the 2nd day bar wasnt bearish nor did price support the bear unlike the other crxs. I wasnt discipline enough to close it thinking " I COULDNT BE WRONG"" and hoping (urghhh!!! newbie mistake!!!!
)Something to learn, if 2nd day price didnt work out as planned or indicate my direction, it will be best to close it at breakeven, or even small lost when possible. EURUSD did the most damage for tonight trades.
- #164
- Jul 15, 2008 10:16am Jul 15, 2008 10:16am
Finally all pairs have stopped ranging and got moving! Learning from previous lesson (to be patience and not pre-mature clse open trades), i am on the boat for the break.
The pairs i played : EURUSD, GBPUSD, USDCHF, USDJPY (yes yes some of them are kinda of co-related, yes yes i know of the risk as well.)
The pairs i played : EURUSD, GBPUSD, USDCHF, USDJPY (yes yes some of them are kinda of co-related, yes yes i know of the risk as well.)
- #170
- Jul 15, 2008 11:23am Jul 15, 2008 11:23am
was targetting much lower, but i moved my stop and got stopped out later when price retraced back. well stop placement is something i need to figure out later on...step by step...
- #173
- Jul 15, 2008 11:32am Jul 15, 2008 11:32am
It's been a good trades that i stick to my plan learning from previous lesson whereby i closed my positions too early only to see prices took off. this time i sticked around and got rewarded.
Lesson for this batch of trades are more on stops and RR. Alot of times, i got jittery and wanted to close more of my positions to cash in $ or place my stops too tight (daily TF). Also i know my RR is less then ideal. Something that i need to work on more but have not figured it out well. It could be due to discipline or i need to go in a lower TF for entry? huuummm
Anyway i glad i stick to my plan and PA.
cheers
Lesson for this batch of trades are more on stops and RR. Alot of times, i got jittery and wanted to close more of my positions to cash in $ or place my stops too tight (daily TF). Also i know my RR is less then ideal. Something that i need to work on more but have not figured it out well. It could be due to discipline or i need to go in a lower TF for entry? huuummm
Anyway i glad i stick to my plan and PA.
cheers
- #176
- Jul 18, 2009 10:28pm Jul 18, 2009 10:28pm
wooow...i was inactive for a year with only 8 real trades (not posted here)...
work has been punishing and i was back in school...juggling wasnt easy...lost a no of golden opporunities in stock and FX
...hope to do more real time trading now and post more trades when time permits...
After a year...winning ratio is higher then loosing trades Yet to do the actual maths...but my account $ are in the positive area.
work has been punishing and i was back in school...juggling wasnt easy...lost a no of golden opporunities in stock and FX
...hope to do more real time trading now and post more trades when time permits...After a year...winning ratio is higher then loosing trades
Yet to do the actual maths...but my account $ are in the positive area.
