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Based on Trading Chaos 2nd . My journal. 20 replies

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Four Kids 2nd Journal

  • #141
  • Mar 15, 2010 11:07pm Mar 15, 2010 11:07pm
Quoting coolshades
thks. do you trade a larger account as well? or this micro account is a lark?
No, I don't have a larger account. No this micro acc is not a lark. This is all the money I can afford to spend on trading, at the moment. The balance shown in this journal relates only to the trades taken in this journal. I take my micro acc very seriously. I don't believe you need a 10, 20 ,30 or more thousand dollar acc to make a living.

If you make say 150-200 pips on average per week at say $5,$6,$7, a pip, that's $750-$1400 a week. That's my aim, to make a living, not to become a multi billionaire, and I believe this can be done with $5000 acc. Around $1000 a week is more than enough for me to get by on, and I don't think you need a $50,000 acc to achieve that. Just my opinion. Time will tell.
  • #142
  • Mar 15, 2010 11:11pm Mar 15, 2010 11:11pm
Quoting Alex2010
Four Kids you still have a GCHF still floating , do you think it would be drop again ?
Yes

Also 2 ncad's open, currently -40 pips each.
  • #143
  • Mar 15, 2010 11:32pm Mar 15, 2010 11:32pm
As for the 270 pips I made last night, at one point I was down -250 pips, thats a lot on a 15 min time frame, but I believed that I had made the right decision's, just entered at the wrong time's. Trading with the 15 min tf is very up and down. Over all I am a bit ahead.
  • #144
  • Mar 15, 2010 11:45pm Mar 15, 2010 11:45pm
Pending:

ecad s 1.3880, sl 1.4051, tp 1.3760
ecad s 1.3880, sl 1.4051, tp 1.3550
Attached Image (click to enlarge)
Click to Enlarge Name: ecad.gif Size: 18 KB
  • #145
  • Mar 16, 2010 2:07am Mar 16, 2010 2:07am
Wa ， ECAD charge is 24 so costly ...
  • #146
  • Mar 16, 2010 2:34am Mar 16, 2010 2:34am
ecad 6 pips on my platform FXCM
  • #147
  • Mar 16, 2010 2:36am Mar 16, 2010 2:36am
When GCAD would go up to 1.6060？
  • #148
  • Mar 16, 2010 3:17am Mar 16, 2010 3:17am
anything is doable in forex. those leverages are very high, so be careful.

Quoting Four Kids
No, I don't have a larger account. No this micro acc is not a lark. This is all the money I can afford to spend on trading, at the moment. The balance shown in this journal relates only to the trades taken in this journal. I take my micro acc very seriously. I don't believe you need a 10, 20 ,30 or more thousand dollar acc to make a living.

If you make say 150-200 pips on average per week at say $5,$6,$7, a pip, that's $750-$1400 a week. That's my aim, to make a living, not to become a multi billionaire, and I believe this can be done with $5000...
  • #149
  • Mar 17, 2010 9:05am Mar 17, 2010 9:05am
Four kids GCHF was went to stop loss
Your pending order can do ?
  • #150
  • Mar 17, 2010 11:57pm Mar 17, 2010 11:57pm
Quoting coolshades
anything is doable in forex. those leverages are very high, so be careful.
Cheers
  • #151
  • Mar 18, 2010 12:00am Mar 18, 2010 12:00am
Quoting Alex2010
Four kids GCHF was went to stop loss
Your pending order can do ?
Yes gchf -170 pips

both ncad's hit sl, -110 each

ecad triggered, currently +15 each
  • #152
  • Mar 18, 2010 12:10am Mar 18, 2010 12:10am
Lost 380 pips last night on the 15 min tf. Got to stop that and stick to the daily/4hr tf's.
  • #153
  • Mar 18, 2010 2:10am Mar 18, 2010 2:10am
Four Kids buck up but must be careful
  • #154
  • Mar 18, 2010 12:01pm Mar 18, 2010 12:01pm
Four kids tommorrow 3 CAD's news EURCAD would be drop or rise ?
  • #155
  • Mar 18, 2010 12:25pm Mar 18, 2010 12:25pm
Closed ecad 1.3794 +86 pips
Other ecad moved stop to break even, 1.3880
  • #156
  • Mar 18, 2010 12:34pm Mar 18, 2010 12:34pm
Quoting Alex2010
Four kids tommorrow 3 CAD's news EURCAD would be drop or rise ?
I don't know.
  • #157
  • Mar 20, 2010 12:32am Mar 20, 2010 12:32am
Weekly round up:

2 trades, 1 win, 1 open.

Last weeks 2 open trades ( ncad ) lost -110 pips each. The 2 pending gchf's got triggered, 1 made +31 pips, the other lost -170 pips.

This week, ecad +86, the other ecad still open currently +124 pips.

-273 pips for the week.

Balance at start of week $519, at end of week $487.

11 trading weeks this year, 9 winning weeks, 2 losing weeks.
  • #158
  • Mar 22, 2010 1:44am Mar 22, 2010 1:44am
Pending: BPC trade

gu 5 s 1.4920, sl 1.5040, tp 1.4860

gu 2 s 1.4920, sl 1.5040, tp open
Attached Image (click to enlarge)
Click to Enlarge Name: gu4.gif Size: 17 KB
  • #159
  • Mar 24, 2010 12:23am Mar 24, 2010 12:23am
ecad closed at 1.3654, +226 pips
  • #160
  • Mar 24, 2010 1:49am Mar 24, 2010 1:49am
good going. i still have not worked out how you get your entries. it looks like you place pending orders on break of s/r levels in line with the longer term trend. but is that a break of a fixed number of pips?


taking the GU as an example how did you arrive at 20 as a likely entry?

thks

Quoting Four Kids
ecad closed at 1.3654, +226 pips
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