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$500 to $1M...

  • #41
  • Nov 8, 2009 5:16pm Nov 8, 2009 5:16pm
5:15 cst / 23:12 gmt+6
usdjpy
short 89.70
stop 90.08
target 88.87
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  • #42
  • Nov 8, 2009 8:37pm Nov 8, 2009 8:37pm
Bastige...got stopped out LOL!

5:15 cst / 23:12 GMT+6
usdjpy
short 89.70
stop 90.08
target 88.87

TRADE CLOSED @ 01:30 GMT+6

STOP LOSS HIT
-$21.09
__________________
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  • #43
  • Edited Nov 9, 2009 1:43am Nov 8, 2009 8:39pm | Edited Nov 9, 2009 1:43am
8:37 cst / 02:31 gmt+6
usdjpy
long 90.15
stop 89.84
target 90.55
__________________

8:41 cst / 02:35 gmt+6
nzdjpy
long 66.24
stop 63.52
target 69.02
In Charts We Trust!
  • #44
  • Nov 9, 2009 12:32am Nov 9, 2009 12:32am
Quoting X.Oden
8:37 cst / 02:31 gmt+6
usdjpy
long 90.15
stop 89.84
target 90.11
__________________

You might want to revise your target on this one..
Some drink at the fountain of knowledge. Others just gargle !
  • #45
  • Nov 9, 2009 1:38am Nov 9, 2009 1:38am
1:30 cst / 07:25 gmt+6
gbpusd
long 1.6753
stop 1.6206
target 1.7303
__________________

nzdusd
long .7367
stop .7173
target .7543

__________________

eurjpy
long 134.83
stop 131.32
target 137.81

__________________

audjpy
long 83.52
stop 81.73
target 84.97
In Charts We Trust!
  • #46
  • Nov 9, 2009 1:44am Nov 9, 2009 1:44am
Yes it was a typo...

actually set to 90.55

Quoting plan-b
You might want to revise your target on this one..
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  • #47
  • Nov 9, 2009 2:09am Nov 9, 2009 2:09am
Dumb platform....I tried to close CHFJPY, but the platform moved AUDJPY up and thus I closed the wrong pair...in any case:

CHFJPY
CLOSED
+.04 profit

AUDJPY
CLOSED
+.06 profit

08:03 GMT+6
RE-OPENED AUDJPY
ENTRY 83.59
STOP 81.73
TARGET 84.97
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  • #48
  • Nov 9, 2009 3:49am Nov 9, 2009 3:49am
As opposed to posting each trade play by play.....

I'm thinking I'll just post the link to my page on myfxbook.com for updates since the trades are on there and visible anyway.

This will save me time to having to enter each trade....

I'll post myfxbook link only when I update a position...so you know..
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  • #49
  • Nov 9, 2009 6:53am Nov 9, 2009 6:53am
No luck on USDJPY last night....2 stop outs in both trading directions...

Gotta be more careful...the smaller positions of course are mostly all in the green....

Gotta stay focused and concentrate more.....

Added some more additional trades...

http://www.myfxbook.com/members/fmc0...-fearless/2571
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  • #50
  • Edited 5:19am Nov 10, 2009 4:56am | Edited 5:19am
Ok I made back the losses from yesterday.....what a bitch.

Anyway, here's the stats so far...

http://www.myfxbook.com/members/fmc0...-fearless/2571

Remind me never to trade USDJPY again. What a crappy pair and super slow for what you get out of it. I should have taken my 10 bucks and run off with it. Now I have to run a balance check on the thing once again. My margin's a little low, so just waiting to see what becomes avail for another profit taking session....Thank you EURJPY for bailing me out.

Another reason to trade multiple pairs....

I'm in a slightly better position than yesterday, but still not out of the weeds yet. In fact, I've got a ways to go....inch by inch.....I'm coming to get mine! Dammit! GRRRRRrr!! Stay Focused!
Attached Image (click to enlarge)
Click to Enlarge Name: 11102009.jpg Size: 106 KB
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  • #51
  • Nov 10, 2009 3:01pm Nov 10, 2009 3:01pm
Can not understand why do you hold loss positions? And what is yuor money management?
  • #52
  • Nov 10, 2009 3:41pm Nov 10, 2009 3:41pm
Seki,

In my managed accounts I do not hold on to trades this way unless I'm hedging. However, this is just one of those personal challenges to see if I can do it

Typically my money management is 1% per position, however, this is more of an experiment dubbed Fearless Trading...therefore, I'm going by feeling the markets and using my trading abilities to keep alive and better still profit....there's a plan behind the madness.....first one is survival....

Quoting Seki
Can not understand why do you hold loss positions? And what is yuor money management?
In Charts We Trust!
  • #53
  • Nov 10, 2009 8:54pm Nov 10, 2009 8:54pm
i see u are doing great now.. although it seems so struglling.. but however i admire ur patience.. go for it man! cut those drawdown and more green PIS!

when i see ur trades it was was similar to my trades.. i never use stops as well.. =p
  • #54
  • Nov 10, 2009 8:56pm Nov 10, 2009 8:56pm
oden, in ur opinion how long do u think USD will be strengthen? looks weak as hell at the moment.. lol
  • #55
  • Nov 10, 2009 9:11pm Nov 10, 2009 9:11pm
Yes, sure does


Quoting evoangel
oden, in ur opinion how long do u think USD will be strengthen? looks weak as hell at the moment.. lol
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  • #56
  • Nov 11, 2009 5:37am Nov 11, 2009 5:37am
Here's an update:

www.myfxbook.com/members/fmc007/xode...-fearless/2571
Attached Image (click to enlarge)
Click to Enlarge Name: 11112009-Interim.jpg Size: 107 KB
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  • #57
  • Nov 11, 2009 8:48pm Nov 11, 2009 8:48pm
Tough day today, have to start keeping tabs on what the optimal days of the week to trade are......
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  • #58
  • Nov 11, 2009 8:55pm Nov 11, 2009 8:55pm
Quote
Tough day today, have to start keeping tabs on what the optimal days of the week to trade are......

Yup man...tough forex markets.
  • #59
  • Nov 15, 2009 6:13am Nov 15, 2009 6:13am
Ok, I got a little naughty on Friday....the market definitely shifted against me. We'll see if its temporary today, but I got close to hitting a margin call. Always not a good thing, so I'll try to unload positions IF I can. I still expect some of the trades to go my way, so it may help increase margin, but for right now....I'll just have to sit on my hands...and see what happens......

Here are the current stats:

http://www.myfxbook.com/members/fmc0...-fearless/2571
Attached Image (click to enlarge)
Click to Enlarge Name: Nov152009.jpg Size: 97 KB
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  • #60
  • Nov 15, 2009 7:01am Nov 15, 2009 7:01am
I cant help but wonder:

You started with a $630, currently have $1085 but have open positions with -$548 P/L. And studying your trade history, you have a lot of BUYSTOP SELLSTOP positions every 10 pips waiting for EURUSD..

This reminds me of a group/EA years ago that basically kept losers open hoping for them to turn around and while they kept waiting for 6 months, the negative swap ate the account dry. The EA they used was called CheckMate - which I figured was meant to spam the account with tons of trades hoping to solicit commissions for the group.

I do hope you are not doing this because that system is a proven loser many times over.
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