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No Brainer Trades

  • #8,281
  • Feb 4, 2009 9:32am Feb 4, 2009 9:32am
I have now taken profits and moved rest to break even ....like stealin candy from baby
  • #8,282
  • Feb 4, 2009 9:34am Feb 4, 2009 9:34am
Keep them pips rollin`, dudes. LOL
  • #8,283
  • Feb 4, 2009 9:41am Feb 4, 2009 9:41am
I'm on the pip roller-coaster. Took 35 pips partial on USDCAD and 28 on EURUSD short. I'm letting the rest ride to supply/demand.
  • #8,284
  • Feb 4, 2009 9:42am Feb 4, 2009 9:42am
Alright guys great trading ...this is my last trade for the day since I will call it a day since I am tired will leave my oil trade running at break even took profits already

Attached Image (click to enlarge)
Click to Enlarge Name: oil.gif Size: 25 KB
  • #8,285
  • Feb 4, 2009 9:50am Feb 4, 2009 9:50am
Closed full positions on E-U short and U-C long for 20 pips each. 145 pips for today and I'm taking the day off. See you tomorrow, guys.
  • #8,286
  • Feb 4, 2009 9:58am Feb 4, 2009 9:58am
long in this pair right now at 0,8845...trailin stop
  • #8,287
  • Feb 4, 2009 10:03am Feb 4, 2009 10:03am
Quoting kojak
long in this pair right now at 0,8845...trailin stop
Why did you go long? Not trying to say it's wrong, just like to know the reasons.
  • #8,288
  • Feb 4, 2009 10:11am Feb 4, 2009 10:11am
Quoting bumasoft
Why did you go long? Not trying to say it's wrong, just like to know the reasons.
61,8 fib level
bounce from 9 jan and then again on 16th jan

kojak
  • #8,289
  • Feb 4, 2009 10:13am Feb 4, 2009 10:13am
Quoting kojak
61,8 fib level
bounce from 9 jan and then again on 16th jan

kojak
Thanks. Good luck!
  • #8,290
  • Feb 4, 2009 10:17am Feb 4, 2009 10:17am
Quoting kojak
61,8 fib level
bounce from 9 jan and then again on 16th jan

kojak
heres a pic
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.jpg Size: 204 KB
  • #8,291
  • Feb 4, 2009 10:39am Feb 4, 2009 10:39am
Just scalped 42 on Cable from 14540

No Brainer Trade.
  • #8,292
  • Feb 4, 2009 10:45am Feb 4, 2009 10:45am
Quoting kojak
heres a pic
locked in +20 pip on this one
dinner time...
still open with a ts
kojak
  • #8,293
  • Feb 4, 2009 10:45am Feb 4, 2009 10:45am
Quoting kojak
heres a pic
Keep that one tight because the bucket is a correction after a change in sentiment toward the BOE rate tomorrow. As with the last visit to this level it could get stuck there a while.
  • #8,294
  • Feb 4, 2009 10:51am Feb 4, 2009 10:51am
Quoting RedCabbage
Just scalped 42 on Cable from 14540

No Brainer Trade.

RC, could you explain your reasoning behind this? Was it just a bounce off the same high as from Friday? I don't see any fib confluence quite that low.

Also, the high on Alpari shows 145792, so depending on spread could have stopped out with a 40 SL. Close one!
  • #8,295
  • Feb 4, 2009 10:58am Feb 4, 2009 10:58am
Quoting orcus
RC, could you explain your reasoning behind this? Was it just a bounce off the same high as from Friday? I don't see any fib confluence quite that low.

Also, the high on Alpari shows 145792, so depending on spread could have stopped out with a 40 SL. Close one!
Fast moving pairs need to show signs of reversal at s/r for me to enter I wouldn't put an order on.
It was a manual entry as the 3:00GMT 1h candle closed below my s/r of 14548 so the high didn't affect me.

However the fact that I didn't leave anything on it affects me as it has just made 80+.
  • #8,296
  • Feb 4, 2009 11:34am Feb 4, 2009 11:34am
Quoting kojak
long in this pair right now at 0,8845...trailin stop
closed at 0,8880..
35 pip is 35 pip
cu guys
kojak
  • #8,297
  • Feb 4, 2009 1:41pm Feb 4, 2009 1:41pm
Wow. Just came back from a good sleep and looking at my two trades on EURUSD (short 1.2915) and USDCAD (long 1.2231) I see how impatient I was to close them on 20 pips, when I had SL on breakeven and there was no danger... If I would have left them touch my take profit levels, I would have a total of 200 pips just on those two trades and 305 pips just today. But I am glad that the levels I picked were great and I have a lot more confidence after today.

Anyway, I won 5% of my account's total value and I guess that is a huge gain in just one day. If I could do that each day, I would double my account each month. So, let's not make this longer than it should, LOL. THANK YOU ALL FOR HELPING ME SO FAR! (and I realise I will still be needing your help and advice)
  • #8,298
  • Feb 4, 2009 1:50pm Feb 4, 2009 1:50pm
Quoting kojak
closed at 0,8880..
35 pip is 35 pip
cu guys
kojak
Good job!
  • #8,299
  • Feb 4, 2009 1:52pm Feb 4, 2009 1:52pm
Quoting RedCabbage
Fast moving pairs need to show signs of reversal at s/r for me to enter I wouldn't put an order on.
It was a manual entry as the 3:00GMT 1h candle closed below my s/r of 14548 so the high didn't affect me.

However the fact that I didn't leave anything on it affects me as it has just made 80+.
So you only take manual orders on pairs like GBPUSD?

I was also affected by not leaving anything on the EURUSD and USDCAD trades. They would have been nice for 100 pips each (and I did have those TP set)
  • #8,300
  • Feb 4, 2009 2:07pm Feb 4, 2009 2:07pm
Quoting cliffedwards
Hi Buma..(and sherm).. well done..youre turning the tables...LoL
Now heres a "what IF.."

What IF these were 2x or 5x full retail lot trades...you are now up $2k+ / 5k ..real money.
are you thinking any differently about the next trade?
Are you feeling more risk positive or risk adverse?.. would you step back for an hour or two.. or feel you were on a roll...
Think about it...Its important to understand our own psycology when trading.. its not a daft question ..believe me. Its your only protection if you want to this seriously..LoL

Edit 15:52...
Thanks, cliff. Sorry I didn't answer, I didn't see your message. Well, It would have definately affected my thinking before, but now it really doesn't. I finally came to the point when I realised that the only obstacle between me and the money is... ME! If I want to stay in this in the long run, I need to stick to solid money management rules. I got burnt so many times because I didn't stick to my rules. It's time I did...
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