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Attachments: From Timex to Rolex via Forex/Igrok style
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From Timex to Rolex via Forex/Igrok style

  • #101
  • Feb 17, 2010 8:13am Feb 17, 2010 8:13am
Quoting Mr.C
2nd short loaded going with the trend. Will be cautious with it.
Both positions closed at 1.0435:
1st with 67 pips +.
2nd with a 19 pips -.
Wasn't attentive enough and payed for the mistake right away. Still a profitable trade 48 pips (2.5%) +.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #102
  • Feb 17, 2010 8:16am Feb 17, 2010 8:16am
Quoting Mr.C
1 to 2% is my usual risk according to the given situation. I don't wait for my position to go red, and put reverse orders (when I fell the need) when my initial position is activated. Reverses become the case of my own judgment when I see some strong technical levels that could stop my second order.

I have stayed aside on the Geppy, because there where some things I didn't like about it. Seems that it has played out well. Good for someone, hopefully.. There's always a better trade around the corner.
Let's hope so.

And 2.5% is 2.5%, it all counts.
Maybe money can't buy happiness, but it can give you freedom.
  • #103
  • Feb 17, 2010 9:49am Feb 17, 2010 9:49am
Quoting pipdreamer
Let's hope so.

And 2.5% is 2.5%, it all counts.
It does. But to be honest with you the lesson learned is more important for me now, as I am still calling myself a newbie and am in the learning stage.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #104
  • Feb 17, 2010 10:10am Feb 17, 2010 10:10am
Quoting Mr.C
1/2 position closed for 93 pips (2.7%) + to pay my initial losses with some profit. The rest still running with SL at b/e.
Out with my other 1/2 position for 30 pips + (1.1%) when the price came back and changed the MM of the day.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #105
  • Feb 17, 2010 11:05am Feb 17, 2010 11:05am
Quoting Mr.C
Stage one - to the pip.
Stage two caught with reverse. 1/2 position closed for 56 pips at 0.9686 to pay my loss of 25 pips (1.5%).
Attached Image (click to enlarge)
Click to Enlarge Name: audchf_100217_d_reverse.gif Size: 16 KB
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #106
  • Feb 17, 2010 1:19pm Feb 17, 2010 1:19pm
Quoting Mr.C
230 pips of floating profit. SL at 1.439 with 137 pips in the bank.
Quoting Mr.C
Stopped out with 137 pips +. Net profit 108 pips (5.5%) as this position was a reverse.
Just for the record. Mistake made when choosing my SL place. I can see the price of it already.
Attached Image (click to enlarge)
Click to Enlarge Name: eurcad_100217_h1_mistake_made_with_sl.gif Size: 13 KB
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #107
  • Feb 17, 2010 3:28pm Feb 17, 2010 3:28pm
A comb might be forming on daily G/U.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd_100217_d.gif Size: 14 KB
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #108
  • Feb 17, 2010 3:39pm Feb 17, 2010 3:39pm
I'd suggest you take a look on how your performance would look if you didn't close half of the position relative early. One day you'll hit the home-run of your life, catching 500-1000 pips. This isn't about greed, its all about maximizing your performance and I'm quite certain that reducing a potential winner isn't optimal.

We had a nice comb on aud/usd daily.
Measure twice, cut once
  • #109
  • Feb 17, 2010 3:52pm Feb 17, 2010 3:52pm
Quoting aediaz1
I'd suggest you take a look on how your performance would look if you didn't close half of the position relative early. One day you'll hit the home-run of your life, catching 500-1000 pips. This isn't about greed, its all about maximizing your performance and I'm quite certain that reducing a potential winner isn't optimal.

We had a nice comb on aud/usd daily.
I sure do understand what you are talking about. Why shouldn't we pick up the valuable things that are just laying in front of us waiting to be picked. It's just that I am still in a learning phase. The entries are quite good but I still feel a bit uncertain about the exits. Patience = knowledge in this game. That's how I interpret it. And as my knowledge is still rather small at the given moment I am trying to secure my profits this way.
It's nice to see you here. Always glad to hear advices from you.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #110
  • Edited Feb 18, 2010 3:42am Feb 17, 2010 5:18pm | Edited Feb 18, 2010 3:42am
Quoting Mr.C
I sure do understand what you are talking about. Why shouldn't we pick up the valuable things that are just laying in front of us waiting to be picked. It's just that I am still in a learning phase. The entries are quite good but I still feel a bit uncertain about the exits. Patience = knowledge in this game. That's how I interpret it. And as my knowledge is still rather small at the given moment I am trying to secure my profits this way.
It's nice to see you here. Always glad to hear advices from you.
Absolutely, and I don't believe you are doing something wrong with taking half of the profit, it just reduces your overall performance.

You are on the right track Mr

Btw: At my work, we're in talk with a FX firm as an part of our customers portfolio. The first thing we consider is their standard deviation (risk/volatility in the portfolio). So ultimately, we want to see that they risk < profits (average) and at least 1 year of performance (surprisingly short period of time, but its hard to find successful FX firms here). And we are quite happy to see a 10% performance on a yearly basis !

My point is, with an 10% return p/y with low risk , you could attract large amount of money! I'm sure you got my point by now.
Measure twice, cut once
  • #111
  • Feb 17, 2010 5:35pm Feb 17, 2010 5:35pm
Quoting aediaz1
Absolutely, and I don't believe you are doing something wrong with taking half of the profit, it just reduces your overall performance.

You are on the right track Mr

Btw: At my work, we're talk with an FX firm as an part of our customers portfolio. The first thing we consider is their standard deviation (risk/volatility in the portfolio). So ultimately, we want to see that they risk < profits (average) and at least 1 year of performance (surprisingly short period of time, but its hard to find successful FX firms here). And we are quite happy...
I sure did and it rises my mood up to the sky . Going to bed now, sweet dreams bro.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #112
  • Feb 18, 2010 1:47am Feb 18, 2010 1:47am
Quoting Mr.C
A comb might be forming on daily G/U.
...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd_100218_d.gif Size: 15 KB
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #113
  • Feb 18, 2010 8:32am Feb 18, 2010 8:32am
Quoting Mr.C
...
1/2 position closed for 98 pips + (2.9%) at 1.556.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd_100218_h4.gif Size: 18 KB
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #114
  • Feb 18, 2010 3:55pm Feb 18, 2010 3:55pm
Quoting Mr.C
1/2 position closed for 98 pips + (2.9%) at 1.556.
2nd short loaded.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd_100218_h4.gif Size: 18 KB
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #115
  • Feb 19, 2010 2:47am Feb 19, 2010 2:47am
Quoting Mr.C
1/2 position closed for 98 pips + (2.9%) at 1.556.
Quoting Mr.C
2nd short loaded.
Both positions closed at 1.5381.

The rest 1/2 of the 1st position for 277 pips (8.1%) +.
2nd for 177 pips (10.3%) +.

Total profit on this trade: 21.3%.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd_100219_h1.gif Size: 15 KB
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #116
  • Feb 20, 2010 12:22am Feb 20, 2010 12:22am
Quoting Mr.C
DIV.
Quoting belekas
The cross is above the waterlevel as per my screenshot...
Hey bro,
u should plot the div on major price swings (swing high or low). (u are plotting div on minor swings)
just like the div line plotted by belekas.

just started & finished checking your whole journal. keep it up!
  • #117
  • Feb 20, 2010 2:21am Feb 20, 2010 2:21am
Quoting supremeChaos
Hey bro,
u should plot the div on major price swings (swing high or low). (u are plotting div on minor swings)
just like the div line plotted by belekas.

just started & finished checking your whole journal. keep it up!
Hi Chaos. Thanks and welcome to my little crib. Nice to see you here.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #118
  • Feb 20, 2010 5:27am Feb 20, 2010 5:27am
Some sketches for the next week.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_100220_h4.gif Size: 18 KB
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #119
  • Feb 21, 2010 2:29am Feb 21, 2010 2:29am
...
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy_100221_h4.gif Size: 17 KB
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #120
  • Feb 21, 2010 7:25am Feb 21, 2010 7:25am
Quoting Mr.C
Both positions closed at 1.5381.

The rest 1/2 of the 1st position for 277 pips (8.1%) +.
2nd for 177 pips (10.3%) +.

Total profit on this trade: 21.3%.
Bravo Mr.C that is awesome.
Maybe money can't buy happiness, but it can give you freedom.
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