OK, new daily trade taken last night long from 1.46705, s/l 1.45586
London open short from 1.46887, s/l 1.47137
Could be mad today
London open short from 1.46887, s/l 1.47137
Could be mad today
- #3,902
- Sep 16, 2009 6:11am Sep 16, 2009 6:11am
- Joined Jun 2006 | Status: Trader | 2,512 Posts
Just popped back for lunch to find London open trade has been stopped for 1% loss. So far my stop has picked the daily high - gotta smile lol.
Not been a great few days for the method - 5 losses on the spin although still up 2.58% for the month so I suppose I shouldn't grumble.
Daily long is just in profit as I write -I sure hope today isn't the day that we get the reversal the world and his wife have been forcasting the last few hundred pips.
Hoping to come back from work later to find the US session has smashed through this 1.4710-20 area but not holding my breath.
Kind Regards
Steve
Not been a great few days for the method - 5 losses on the spin although still up 2.58% for the month so I suppose I shouldn't grumble.
Daily long is just in profit as I write -I sure hope today isn't the day that we get the reversal the world and his wife have been forcasting the last few hundred pips.
Hoping to come back from work later to find the US session has smashed through this 1.4710-20 area but not holding my breath.
Kind Regards
Steve
- #3,905
- Sep 17, 2009 1:36pm Sep 17, 2009 1:36pm
- Joined Apr 2006 | Status: Suaviter in modo, fortiter in re | 1,851 Posts
Just closed the short at 1.47298 for the grand total of 15 pips (0.6%).
Still holding long from 1.46705 & should be able to move s/l slightly into profit in a few hours...
It's probably to do with a lack of mental agility - ie men can't multitask and old men can barely unitask
.
- #3,906
- Sep 17, 2009 1:59pm Sep 17, 2009 1:59pm
- Joined Jun 2006 | Status: Trader | 2,512 Posts
LOL Peter, you do make me laugh 
Yes, running the two quite different methods on the same platform does mean sometimes I'm 'long & short'. Sometimes it comes off, sometimes not.
The 'daily' method is essentially trend based where a trade can last for days, whilst the 'London open' method can catch a nice intraday move and is always closed the same day.
By fading the Frankfurt hourly bar on the London open method, it's often like jumping in front of a train but with the risk at just 1%, if it pays off often it pays off big. Only a small profit today but better than nowt
Both methods have strict rules so I cannot be biased, I just open the trade, set the stop loss & let the market do its thing.
Hmm, will we see a new high today? I think I saw you have been building longs - looking good
Kind Regards
Steve
Yes, running the two quite different methods on the same platform does mean sometimes I'm 'long & short'. Sometimes it comes off, sometimes not.
The 'daily' method is essentially trend based where a trade can last for days, whilst the 'London open' method can catch a nice intraday move and is always closed the same day.
By fading the Frankfurt hourly bar on the London open method, it's often like jumping in front of a train but with the risk at just 1%, if it pays off often it pays off big. Only a small profit today but better than nowt
Both methods have strict rules so I cannot be biased, I just open the trade, set the stop loss & let the market do its thing.
Hmm, will we see a new high today? I think I saw you have been building longs - looking good
Kind Regards
Steve
Good for you!See, that's something I can't do - trade both ways. I either have to go long or short - not both.
It's probably to do with a lack of mental agility - ie men can't multitask and old men can barely unitask
- #3,907
- Sep 17, 2009 2:09pm Sep 17, 2009 2:09pm
- Joined Apr 2006 | Status: Suaviter in modo, fortiter in re | 1,851 Posts
LOL Peter, you do make me laugh
.Hmm, will we see a new high today? I think I saw you have been building longs - looking good
Kind Regards
Steve
but, like you, I have my rules and the previous low would have had to be taken out before thinking I might be on a hiding to nothing.---------
- #3,908
- Sep 17, 2009 4:52pm Sep 17, 2009 4:52pm
- Joined Jun 2006 | Status: Trader | 2,512 Posts
Still holding long from 1.46705 & should be able to move s/l slightly into profit in a few hours...
Market can do as it likes now - been a good day
- #3,910
- Sep 18, 2009 6:18am Sep 18, 2009 6:18am
- Joined Jun 2006 | Status: Trader | 2,512 Posts
London open trade taken out by the spike down for a 1% loss. Not been a great week for the method with 4 losses and 1 winner and a 3.4% loss on the week. Still up 2.18% for September & 9.5% up overall so lets see what next week brings.
An altogether better week for the daily method with 3 closed trades, 2 winners and 1 loss. Total in closed trades for the week +8.02%.
That's me done until I open a new daily method trade on Sunday night and a new London open trade Monday morning.
Have a great weekend folks
Steve
An altogether better week for the daily method with 3 closed trades, 2 winners and 1 loss. Total in closed trades for the week +8.02%.
That's me done until I open a new daily method trade on Sunday night and a new London open trade Monday morning.
Have a great weekend folks
Steve
- #3,912
- Sep 18, 2009 11:22am Sep 18, 2009 11:22am
- Joined Jun 2006 | Status: Trader | 2,512 Posts
you too
hey, that reminds me i need to check in on your journal.
steve
hey, that reminds me i need to check in on your journal.
steve
- #3,913
- Sep 18, 2009 11:34am Sep 18, 2009 11:34am
- | Commercial User | Joined Oct 2006 | 1,158 Posts
u r always welcome buddy!
ps. tyvm for the vouch!
ps. tyvm for the vouch!
- #3,918
- Sep 21, 2009 6:14am Sep 21, 2009 6:14am
- Joined Jun 2006 | Status: Trader | 2,512 Posts
Yes, over the two methods was up 4.5% on the week, just not so good on the London open method. It's all good
hi steve just think you have been unlucky euros been a shit to trade this week.keep it up mate
- #3,919
- Sep 21, 2009 6:16am Sep 21, 2009 6:16am
- Joined Jun 2006 | Status: Trader | 2,512 Posts
You too
Hmm, just got back at lunchtime to see we are still where we were 4 hours ago lol.
Let's hope the US traders take this down later...
Hmm, just got back at lunchtime to see we are still where we were 4 hours ago lol.
Let's hope the US traders take this down later...
Holding a similar short from Friday. Let's see how this goes. Have a good trading week, mate!
- #3,920
- Sep 21, 2009 6:17am Sep 21, 2009 6:17am
- Joined Sep 2007 | Status: gone fishing | 5,782 Posts
You too
Hmm, just got back at lunchtime to see we are still where we were 4 hours ago lol.
Let's hope the US traders take this down later...