Dislikeddemo
sell:
sl:91.44
ep: 91.24
tp: 91:04 (tentative)
caveat emptorIgnored
ok, got my 20 pips today
- #13,722
- Edited 2:49am Oct 30, 2009 2:31am | Edited 2:49am
- | Joined Jun 2008 | Status: Trader | 2,013 Posts
ok this is the demo trade. are you trading this pair with real money or are you perfecting your strategy first?
trying to test out various chart patterns with support and resistance , trendlines, macd, stoc, parabolic, fibo etc on various timeframes
have a long way to go , i suppose ...but i am getting the hang of things now ... hope i can narrow down to a strategy that suits me soon ... like u said " perfect startegy"
- #13,723
- Edited 3:09am Oct 30, 2009 2:48am | Edited 3:09am
- | Joined Jun 2008 | Status: Trader | 2,013 Posts
I'd like to know what type of leverage you're using as well, as it seems your tp are relatively low. Are you trading from pivot to pivot (e.g. todays FPV is 91.11, w/ MR1 @ 91.37 and MS1 @ 90.85; difference from FPV of 26 pips to both mid-levels). Personally, this is one of the logics in my trading stratagem, however I always set tp about 3-5 pips above/below a level or mid-level.
i am not so sophisticated like what u have mentioned. .... just all the normal simple things... (see reply to sed34) ... hence the 20 pips targets
as i cannot afford to sit at the computer monitoring, i set the targets at 20pips ..even though i think it might go beyond the 20pips ... maybe when i can afford to monitor closely might move stoploss to breakeven and let it run beyond 20pips ...
by the way, i am curious to know what ur pivot stategy is about ... maybe it could be useful tool for me too...thanks .( pivot is a bit alien to me )
- #13,724
- Oct 30, 2009 5:46am Oct 30, 2009 5:46am
- | Joined Jan 2008 | Status: Metered Temerity | 315 Posts
by the way, i am curious to know what ur pivot stategy is about ... maybe it could be useful tool for me too...thanks .( pivot is a bit alien to me )
- #13,726
- Oct 30, 2009 2:37pm Oct 30, 2009 2:37pm
- Joined Sep 2007 | Status: gone fishing | 5,782 Posts
- #13,730
- Oct 30, 2009 9:14pm Oct 30, 2009 9:14pm
- Joined May 2009 | Status: Re-member | 6,497 Posts
jesus bl00dy christ!! This daylight savings is giving me jip!! Forgot that the market closes at 9pm GMT now. Left a short in there.. with no stoploss.. ahahaahaa jeez
Congrats mate!
But no SL?
This is not the place to be cool, believe me I have tried.
This is what you should do now!
1. Take the profit and get a plan, then you can smile all the way to the bank every month
Or you can fall into the 95% retailers with blown up accounts...
2. Think of it like this, if you were positioned the other way how would you feel today? Sad frustrated, blaming indicators etc. But you wouldn't give up, that takes numerous blowouts...
Ok, think about this.
If you have or when you will blow up your account.
You were wrong but if you would have been right you would have cashed in heaps.
So how can you do this in practice?
Taking small losses and large gains is just the opposite from blowing up the account (you would, for blowing up your account take small wins and large losses, or even worse margin calls (we have all been there).
This is why r/r is so important... More important --> sticking to it!!
We which are on the other side (moneymaker side) are blowing up our accounts all the time! we have just reversed the whole thing. Did you get it? Read it again... Please... Believe me...
3. Write this down and put it on your wall...
Remember the line between success and failure is so freaking' close in this market...
4. Promise me that you will do that and you can send me some money in 5 years time
But again whatever I write here you will probably never follow.
Why? Same reason as people who are fat knows very well what they have to do to get thin but can't do it.
Being entirely true too yourself is a good exercise
-sigmund freud
- #13,734
- Nov 1, 2009 7:21am Nov 1, 2009 7:21am
- | Joined Jun 2008 | Status: Trader | 2,013 Posts
New channel forming?
Any comments?
4hr chart.
however i'll wait for confirmation to see if there is bounce up ...
using 88.00 and 92.31 for fibo ... just broke through 50%... so i'll wait to see if it'll bounce off 61.8%
looks like 89.35 is a strong support ...
hope ur analysis works out , fiat !
- #13,735
- Nov 1, 2009 7:22am Nov 1, 2009 7:22am
- | Joined Jun 2008 | Status: Trader | 2,013 Posts
nice chart. i also spot a mini head-and-shoulders pattern forming right at the end, further supporting the downwards movement.
hope the game plan is set for next week ..hahaha !
- #13,736
- Edited 8:14am Nov 1, 2009 8:12am | Edited 8:14am
- | Joined Jun 2008 | Status: Trader | 2,013 Posts
- #13,740
- Nov 1, 2009 4:49pm Nov 1, 2009 4:49pm
What do you mean it is not going under 89,90, you are talking crap, currently is at 89,62.
http://www.netdania.com/Products/liv...rtStation.aspx
where this shit stop down ??? oh my god.