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scratch's first trading steps ...

  • #1
  • First Post: Oct 28, 2009 5:03am Oct 28, 2009 5:03am
Hi,

starting my own trading journal here on FF.
I will post some trades, not much, 1 or 2 a week I think ...

scratch
  • #2
  • Oct 28, 2009 5:06am Oct 28, 2009 5:06am
1.4800 should be a good support.
Watch out for news today.

#1 eurusd long @1.4800 SL: 50 TS: 50
  • #3
  • Oct 28, 2009 5:17am Oct 28, 2009 5:17am
#1 gets filled @1.4800
  • #4
  • Oct 28, 2009 10:00am Oct 28, 2009 10:00am
#1 SL gets hit @1.4765 = -35 pips (TS moved SL to 1.4765)
  • #5
  • Oct 28, 2009 2:05pm Oct 28, 2009 2:05pm
Quoting scratch
Hi,

starting my own trading journal here on FF.
I will post some trades, not much, 1 or 2 a week I think ...

scratch
Hi,

It would be interesting to read you strategy and trading method, time frames etc.

Good luck with your trading!
beam
  • #6
  • Edited 3:52pm Oct 28, 2009 2:09pm | Edited 3:52pm
jacko's AntiHedge Method ... i want to jump in if the major trend comes back.

#2 eurusd long @1.4765 SL: 50 TS: 50

Next support is arround 1.4700 but I'm not sure if this one is strong enough. So I will wait until price moves through and comes back quickly, to enter at 1.4700.
  • #7
  • Oct 28, 2009 4:01pm Oct 28, 2009 4:01pm
Quoting beam
Hi,

It would be interesting to read you strategy and trading method, time frames etc.

Good luck with your trading!
beam
I mainly follow the rules I read in the jacko thread here on FF.
Watching at the charts to get a major trend (Weekly, Daily and 4 Hours).
Then I use retracements, support and resist levels to get entrys.
And for the losses I use the mentioned AntiHedge Method.

That's it
  • #8
  • Oct 29, 2009 4:15am Oct 29, 2009 4:15am
Damn! The 1.4700 was a good entry ... but I was to scary to take this ... upcoming news today (Unemployment Claims) and the fact that I think the next big support is at 1.4500 (not 1.4600).

But anyway ... if it will go further up and the retrace is (nearly) over I will jump into the market right at 1.4765 (#2).
  • #9
  • Oct 29, 2009 4:21am Oct 29, 2009 4:21am
Quoting scratch
Damn! The 1.4700 was a good entry ... but I was to scary to take this ... upcoming news today (Unemployment Claims) and the fact that I think the next big support is at 1.4500 (not 1.4600).

But anyway ... if it will go further up and the retrace is (nearly) over I will jump into the market right at 1.4765 (#2).
I got in with an order at 1.4750

It's funny, I was just recently came back to Jacko's thread and started trading longer time again. I think long term is the way to go. More pips, less stress, and there's still plenty to keep you busy.
  • #10
  • Oct 29, 2009 5:13am Oct 29, 2009 5:13am
Quoting mathematician
I got in with an order at 1.4750

It's funny, I was just recently came back to Jacko's thread and started trading longer time again. I think long term is the way to go. More pips, less stress, and there's still plenty to keep you busy.
Hi mathematician,

thanks for response ... hopefully this trade make some pips for you!
I'm on the same track ... long-term is less stressfull and better for people who "work" as "normal people's" do (like I'm)
  • #11
  • Oct 29, 2009 5:18am Oct 29, 2009 5:18am
#2 was filled @1.4765
  • #12
  • Oct 30, 2009 3:26am Oct 30, 2009 3:26am
#2 hits SL @1.4809, thats +44 pips.

#1 -35
#2 +44

Results of October 2009: +9 pips.
  • #13
  • Edited 2:28am Nov 2, 2009 1:30am | Edited 2:28am
1.4700 seems to be a very good support (look at H1, H4 and D1). Price could not break this level 2 times and both times price recovered more than 50 pips.

#3 eurusd long @1.4700 SL: 50 TS: 50

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_147.GIF Size: 7 KB
  • #14
  • Nov 3, 2009 4:15am Nov 3, 2009 4:15am
Wubbaa ... 1.4700 gets broken quite fast and price reached 1.4645 some minutes later ...

#3 was filled and stopped out with -50 pips
  • #15
  • Nov 3, 2009 9:49pm Nov 3, 2009 9:49pm
Quoting scratch
Wubbaa ... 1.4700 gets broken quite fast and price reached 1.4645 some minutes later ...

#3 was filled and stopped out with -50 pips
Did you use Jacko's "Anti-Hedging" Strategy?

I was also bullish on EUR/USD, and I also got stopped out. I waited a little while. Then I placed a new order to enter at about the same price where I got stopped out and in the same direction.
Attached Image
  • #16
  • Nov 4, 2009 12:50am Nov 4, 2009 12:50am
Quoting mathematician
Did you use Jacko's "Anti-Hedging" Strategy?

I was also bullish on EUR/USD, and I also got stopped out. I waited a little while. Then I placed a new order to enter at about the same price where I got stopped out and in the same direction.
No I did not ... price dropped only a few pips beyond stop.
As I understand the rules it would be better to wait at least some more pips to open the antihedge limit order.

I'm waiting for another drop to arround 1.4620 (open AH) or if some of the next S/R's get testet.
  • #17
  • Nov 4, 2009 12:59am Nov 4, 2009 12:59am
Quoting scratch
No I did not ... price dropped only a few pips beyond stop.
As I understand the rules it would be better to wait at least some more pips to open the antihedge limit order.

I'm waiting for another drop to arround 1.4620 (open AH) or if some of the next S/R's get testet.
Well you can see that it dropped over 50 pips below 700. I think 50 pips is enough. Jack said at least 30. The problem is, sometimes if you wait for it to drop a lot, it never will and you'll miss the move. Of course it's not such a terrible thing to miss a move. There's always another trade.
  • #18
  • Nov 4, 2009 1:40am Nov 4, 2009 1:40am
Quoting mathematician
Well you can see that it dropped over 50 pips below 700. I think 50 pips is enough. Jack said at least 30. The problem is, sometimes if you wait for it to drop a lot, it never will and you'll miss the move. Of course it's not such a terrible thing to miss a move. There's always another trade.
Yes but I get stopped out at 1.4650 not 1.4700 ... my low was at 1.4626 and I didn't want to enter a new trade at 1.4650 that quick. Entering at 1.4700 was successfull yes, but I didn't know that before
  • #19
  • Nov 4, 2009 10:35pm Nov 4, 2009 10:35pm
Quoting scratch
Yes but I get stopped out at 1.4650 not 1.4700 ... my low was at 1.4626 and I didn't want to enter a new trade at 1.4650 that quick. Entering at 1.4700 was successfull yes, but I didn't know that before
Don't get discouraged. There's no way you could have known that. This is not supposed to be easy. Remember, this is a zero-sum game.
  • #20
  • Nov 8, 2009 11:41pm Nov 8, 2009 11:41pm
I think the "bigger" retrace is over, we should go long if we can see a next small retrace ... maybe down to 1.4850 or 1.4900.
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