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Putto's Trade Ledger

  • #161
  • Aug 5, 2008 1:44am Aug 5, 2008 1:44am
Quoting Putto
T/P on trade 101 hit at 211.60 +330 pips

Good work Putto..that was one hell of a trade! i admire your patience and risk. i'm still learning..
  • #162
  • Aug 5, 2008 1:50am Aug 5, 2008 1:50am
Thanks Titan!

Based on my analysis it actually was not too risky; the R:R was firmly in my favour!

If you have any questions etc dont hesitate to ask.

Good luck!
Lemming Forex! The Way to Trade....
  • #163
  • Aug 5, 2008 2:02am Aug 5, 2008 2:02am
I am taking some time off to learn your trading system which had produce some awesome results. So much to learn from you..when the time comes i will start asking reasonable questions but for now i have to learn my S/R levels and other technical indicators (Ichi, DMI,trendlines,qqe and adx) on your first page. So much to learn Putto...i will take my time.

Thanks
  • #164
  • Aug 5, 2008 2:23am Aug 5, 2008 2:23am
Quoting titan0708
I am taking some time off to learn your trading system which had produce some awesome results. So much to learn from you..when the time comes i will start asking reasonable questions but for now i have to learn my S/R levels and other technical indicators (Ichi, DMI,trendlines,qqe and adx) on your first page. So much to learn Putto...i will take my time.

Thanks
I look forward to hearing all about your kickass trades.
Lemming Forex! The Way to Trade....
  • #165
  • Aug 6, 2008 10:24pm Aug 6, 2008 10:24pm
Im back again...trailing stop on trade 102 hit at 211.20 + 140 pips

Trade 103

Short 213.50

T/P 211.00

S/L 215.05
Lemming Forex! The Way to Trade....
  • #166
  • Aug 7, 2008 6:24am Aug 7, 2008 6:24am
Not liking price movement at the moment.

It seems there may be a breakout to the upside brewing...sooooooooo

Reversed trade 103

Long 213.50

T/P 214.90

S/L 212.50
Lemming Forex! The Way to Trade....
  • #167
  • Aug 7, 2008 10:04pm Aug 7, 2008 10:04pm
Should have trusted my original analysis...S/L on hedge hit at 212.50 -100 pips

Closed short trade 103 at 211.60 + 190 pips

Trade 104 Long at 211.60

S/L at 209.90

T/P at 213.90
Lemming Forex! The Way to Trade....
  • #168
  • Aug 8, 2008 1:51am Aug 8, 2008 1:51am
Time for a very heavy trade

Trade 105

GBP/USD Long 1.9300

T/P 1.9650

S/L 1.9190

In addition to techs, this trade is based on my estimation of where the 'smart money' is....

ie do you think someone with a lot to play with will be thinking that there money will be better spent at the absolute bottom of the range on the assumption that the currency will do as it has done previously before over the course of the next couple of weeks...knowing the amount of buy orders that will be already placed/attracted to be placed at a verrryyy strong historical bounce level??
Lemming Forex! The Way to Trade....
  • #169
  • Aug 12, 2008 1:17am Aug 12, 2008 1:17am
Update!

Trade 104 Trailing Stop hit at 211.80 + 20 pips

Trade 105 S/L hit -110 pips

Freaky fridays!

Trade 106

DMI looking very one sided and qqe setting up...

Short 211.45 (Monday am)

T/P 208.50

S/L 213.05
Lemming Forex! The Way to Trade....
  • #170
  • Aug 12, 2008 8:13pm Aug 12, 2008 8:13pm
QQE / DMI combo worked perfectly the last couple of days ...and now a major trendline is broken...which means a whole new trading plan.

T/P hit on trade 106 +295 pips

Stop sell order hit at 208.05

T/P 206.00

S/L 209.50
Lemming Forex! The Way to Trade....
  • #171
  • Aug 13, 2008 12:10am Aug 13, 2008 12:10am
T/P on trade 107 hit + 205 pips

Trade 108

Short 206.55

T/P 204.20

S/L 207.70
Lemming Forex! The Way to Trade....
  • #172
  • Aug 13, 2008 12:29am Aug 13, 2008 12:29am
could you put some charts i want to see what does your system looks like if is not a prob.
  • #173
  • Aug 13, 2008 6:10am Aug 13, 2008 6:10am
Hi Teodosy

Here are some of the charts im looking at right now.

Let me know if you want anything in particular.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPYDaily.jpg Size: 145 KB
Click to Enlarge Name: GBPJPY4h.jpg Size: 145 KB
Lemming Forex! The Way to Trade....
  • #174
  • Aug 13, 2008 6:11am Aug 13, 2008 6:11am
T/P on trade 108 hit + 235 pips
Lemming Forex! The Way to Trade....
  • #175
  • Aug 13, 2008 6:33am Aug 13, 2008 6:33am
Actually yes you look at daily and 4h and trade 5 and 15tf right?But do you use also these setup to enter trades on 5 and 15min TF?
  • #176
  • Aug 13, 2008 6:49am Aug 13, 2008 6:49am
For my tech trades use the higher TF to gauge what i call my bias...which includes includes direction, likely testing points/reversal areas, ranges etc.

I use the lower timeframes to look for the entries within the above context. So I get my ideas from the broader context, and enter by looking for good opportunities on the lower time frames.

I hope that makes sense.
Lemming Forex! The Way to Trade....
  • #177
  • Aug 13, 2008 6:58am Aug 13, 2008 6:58am
hi putto .
I have a hedge as follows :
eur usd buy @ 1.4900 and
eur usd sell @ 1.4859 iam tired and wanna get out of this hedge
what is the better to close the buy or the sell ?
Winners never quit and quitters never win. Vince Lombardi
  • #178
  • Aug 13, 2008 7:08am Aug 13, 2008 7:08am
Hi Cristiano

I dont profess to be the greatest exponent of hedging and tend to avoid it because in a non ranging market it presents you with potential lose/lose situations. And i also tend to shy away from giving others direct trade advice since everyone should be responsible for their own financial destiny.

But hypothetically if i were you if you are looking for a short term exit for the trades I would get out of the long when it gets back to break even and hope for the dollar strength to kick in for another burst down. I have a suspicion it may go down a bit further (QQE and DMI still favour this) so i would be more worried about the long really. However I would not have traded at those positions though as in my opinion they do not represent good values for buying and selling...but then again thats ONLY my opinion.

But whatever you do, dont let these positions get away from you. There are always other trades and losses are a part of trading. Sometimes the smartest thing you can do is cut your losses and try again tomorrow.

Good luck!

Quoting cristiano7
hi putto .
I have a hedge as follows :
eur usd buy @ 1.4900 and
eur usd sell @ 1.4859 iam tired and wanna get out of this hedge
what is the better to close the buy or the sell ?
Lemming Forex! The Way to Trade....
  • #179
  • Aug 13, 2008 7:13am Aug 13, 2008 7:13am
Quoting Putto
Hi Cristiano

I dont profess to be the greatest exponent of hedging and tend to avoid it because in a non ranging market it presents you with potential lose/lose situations. And i also tend to shy away from giving others direct trade advice since everyone should be responsible for their own financial destiny.

But hypothetically if i were you if you are looking for a short term exit for the trades I would get out of the long when it gets back to break even and hope for the dollar strength to kick in for another burst down. I have a suspicion it may go down a bit further (QQE and DMI still favour this) so i would be more worried about the long really. However I would not have traded at those positions though as in my opinion they do not represent good values for buying and selling...but then again thats ONLY my opinion.

But whatever you do, dont let these positions get away from you. There are always other trades and losses are a part of trading. Sometimes the smartest thing you can do is cut your losses and try again tomorrow.

Good luck!
thanks putto by the way my name is cristian .
Winners never quit and quitters never win. Vince Lombardi
  • #180
  • Aug 13, 2008 8:10pm Aug 13, 2008 8:10pm
Trade 109

Limit sell order hit at 205.20

T/P 202.60

S/L 206.40
Lemming Forex! The Way to Trade....
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