LeonLorenzo Breaks the rules.

Two days ago I had an Idea for a trading method, that day I got some good results. Whenever I get a chance to trade I will be updating the results here from my demo account.

Leon


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Below are the results from the 16th December.....

Trades so far Today........

Ok, time to play some cards or something else. One of the Trades I made were not part of the plan, shouldnt have let that happen.

Trades Below...

Hey - What charts or any other indications do you use as trigger.

No specific timeframe, Usually I would be on a 5min chart,but with the big moves Ive moved down to the 1min at times so that I can see the swings. I also Look at all other timeframe's to get a general idea of what is happening.

My trigger is basically price being supported/resisted by several strong levels in the direction of the trend.

Leon

Ps. Is this Hibbiz from the Skype room? Hibbiz with the website. If so, I used to come in there years ago, small world.

PsII. Remember, I only threw this together 2days ago. Its quite possible that luck is just on my side, Although Logic tells me I should atleast BE.

Im soooo happy with how this is going so far. Thats all for today, Time for a nap before work.

Last Trades for the day.......(shot below)

Leon

Ps. Incase Anyone is looking at the price and time of the trades, the loss for $10 on this screenshot was a wrong trade, I was supposed to go long EU but went Long USD/Chf by accident, lol.

Got back to the Laptop and this opportunity was waiting, Was a perfect short to start but it didnt happen, price was edging upwards, the search for liquidity began. I stuck to my guns, traded the plan from there and it went as expected. I should have held it longer, but I just didnt want all that profit to melt away.

I need to adjust my possition size depending on the Terrain im trading on. The whole setup was about 220 pips wide, that calls for 1/2 possition size. Worst case scenario on a 100pip wide setup I would loose about 200pips, I was over-stretched on that trade for sure.

Heres the Trades.........

My Laptop was 1/2 way through installing updates when the power went and it shut down. Since then, after boot-up the cursor wont move, im not very lucky with Computers.

So untill I find a way to get that sorted I wont be able to trade the demo account from before.

Im just posting this so anyone who was reading knows that my account didnt blow-up/stopped updating/ran off.

Can you give us a few pics of what your looking at, and some of your thoughts on sup/res style, I likey mikey

Cheers, Ken

Hey Monarch,

I just PM'ed you before I read this message, lol.
You dont recognise me do you.

Leon

I did, and sent you a pm back.

Cheers bro,

Ken

Just to divulge a little....

Ive been thinking about market facts recently, probably better to say 'market tendencies' really. This lead me to writing a list of all things I thought of as being market characteristics.

Three things that I came up with were:

1.Markets range
2.Markets find it harder to move through prices with much activity

and probably the most important-
3. If everyone thinks the price is too high/or low, then it will move in the opposite direction because there will be NO counter party for the trade(atleast move enough in the opposite direction to create uncertainty and for stops to be hit), The search for Liquidity as darkstar named it.

This is fundamentaly what my trading is based of right now, allthough I expect it to change as and when I learn more. I have still to realise a propper loss and everything could go belly up, but if it does it will be back to the drawing board.

Leon

Well, changes happen, but never let it go belly up.

Does anyone know how to retreive a login password for an Alpari Demo account? Ive checked my personal inbox but it only states my account number.

Leon

Ok, what ive done is started a new demo account and noted down the password just incase, lol. The demo account has been started at roughly what the last one was, minus 70cent's(they wont let me start on a specific cents amount). I never realised that demo accounts could be opened at anything other than 1000,2000,3000ect.

I realise people could cheet their results like this, from now onwards I will always include the last trade from the previous screenshot in the new screenshot, that way everyone will know im not busting and re-loading all the time.

Currently short GU.

Leon

This song gets my blood rushing, maby not such a good thing while trading, lol.

Sting and Cheb Mami - Desert rose(live)

http://uk.youtube.com/watch?v=rBJlBS-S9Kw

Leon

Ill probably look to TP at or before the thick RED line, but nothing is set in stone.

Enough tonight, past 3am and time for sleep.

Very happy with the one trade I made.

Leon

And a very good profitable trade my friend.

Keep up the great work.

Get some rest, chat with you tomorrow evening.

Ken

When in doubt stay out, Since a trade isnt jumping out at me ill leave it for now.