I know it can't be this easy... No name yet

Mitch,

This is not repainting if you are talking about the current bar. As the daily bar goes up and down, the HMA will change as well. If yesterdays average is showing changes, it is repaintng. If the bar is changing, the MA has to. Yesterdays bar does not move, so the MA better not change in the past.

I am much more concerned with the goldmine repainting. Screen shots on a 1 minute chart will tell us.

Let me know if this is not clear and I will try to explain it again.

Jim

Jim,

thanks for the explaination, I understand what you are saying. I have made a few newbie mistakes this week but since I'm still in demo....

I'm will put together a chart with pip info on my current open and closed trades.

Mitch

Wouldn't you know it, this morning I was over $600 on open trades and then lost internet for the day. I finally got on at 11:30pm and I'm now at -$110. All pairs are still showing downward trends so I'll wait till Sunday and hope they come back to positive. Still a good week with closed trades up over $600 from trades established Monday.

Trying to remember that this is a learning process, I have exited out of all trades and will look to start over. Not that is was a bad week, but a couple of mistakes and being without internet on Friday didn't help (especially Friday because at one point, when I did have access, I was up $800).

So I ended up the week +$511. Let hope for a better next week.

Mitch

Ah hope, the deadliest four letter word. You're gonna have to learn how to be quick and clean about pulling the plug. There's no other way around it.

Ok, here are my trades for the week, of course if anything new shows good potential I will add it to the list.

Skyhook,

You are correct. I hope, I mean, I'm using this to learn more. When to let something ride and when to "pull the plug". I must admit I tend to let thing ride then taking the pips and looking for another trade. Hopefully I can learn that through this experiment.

Mitch

Hey Mitch.

$500 in a week is a good thing lol.

Have you thought about using a trade management package like Hopwood's? This is a type of basket trading system (in a way). With a TM package you can set each pair so that the SL moves to BE + 2 (or whatever you'd like). So you'll avoid loss as long as you hit break even. The other thing that you can do with the Hopwood (and other) packages is set it up to jump the SL by whatever number of pips you like, set a trailing stop after break even and more options that I haven't tried. And you can also close 1/2 of the position for each pair when you hit the profit in pips that you set. So in short you can preserve profits.

Now the one problem I've run into is that certain pairs like GJ need a lot of breathing room.

Just a thought on how to capture more profits.

Good job on the trades and the tracking !
Sandy

I'm finding that my time is limited and trying to keep up this journal has become increasingly difficult. So I'm going to stop now, continue my testing and introduce this system on the trading thread if it proves itself in my live testing.

Thanks