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My path to financial freedom

  • #681
  • Apr 22, 2010 7:41am Apr 22, 2010 7:41am
News helping E/U to get there
  • #682
  • Apr 22, 2010 7:44am Apr 22, 2010 7:44am
Quoting lovejoy80
Some stats...

Week 1 47 trades, 70.2% win rate, 110.57% account increase
Week 2 84 trades, 69.0% win rate, 94.62% account increase on prior week
Week 3 60 trades, (up until yesterday) 55.0% win rate, 7.15% account increase on prior week.

This supports my view that I need to trade less and be more picky...if I can be more picky and get the win rate back up the account increase % will go up with it.
Do you use the market money to increase the lot sizes or do you keep working from your initial equity?
  • #683
  • Apr 22, 2010 7:44am Apr 22, 2010 7:44am
Quoting lovejoy80
I'm already in from yesterday...had a pending order today on the blue line but it missed it.

It's deja vu again...what happened last week...oh yeah 1HR trendline got a great entry on UC but then ohhh yeah I closed out my entry that had a 7 pip risk prematurely when a 4HR BUOB had formed...much to your disgust lol.
But there is a reason price dint hit the TL this time.
.
  • #684
  • Apr 22, 2010 8:20am Apr 22, 2010 8:20am
Quoting ogeid
Do you use the market money to increase the lot sizes or do you keep working from your initial equity?
increase sizes in line with whatver my current closed balance is..well roughly speaking.

I'm going to be withdrawing some soon though to pay for some future living costs so everything is paid for and thus what I have left to trade will be just money to compound and make more money i.e. I'll have about 9 months to make enough money in order to be able to not work again for the following year and consider myself a full time trader....about 100% increase in acount per month will do it
  • #685
  • Apr 22, 2010 8:22am Apr 22, 2010 8:22am
Quoting nasir.khan
But there is a reason price dint hit the TL this time.
.
If this holds then we could see a retracement back to the TL on UC?

currently playing the 4HR BEOB on Oil down to this area
Attached Image (click to enlarge)
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  • #686
  • Apr 22, 2010 8:26am Apr 22, 2010 8:26am
Hello Ingmar,

I am enjoying your posts ( and nasir & lovejoy ) very much. May I ask what timeframe you use for oil, and which moving average values ?

I had a look at trading some other " regulated " stuff, since nasir and lj also post gold and YM.

So I am in a demo with FXpro again.

No rush, only if you have time.

Thanks all for the great posts.





Quoting ingmarforex
It was verry funny i just took a coffe and started to watch charts then i saw this.
First i tought no but i took it and it worked out missed UC and cj.

I am now long oil just a litle bit to manny confluence there at 83.00 level.



to many support at 83.00 level



http://i39.tinypic.com/14w7hcj.jpg
Be like water.
  • #687
  • Apr 22, 2010 8:36am Apr 22, 2010 8:36am
Wow that was quick took gold short and went to put SL in and kaboom...dow futures are plummeting with DJI too
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  • #688
  • Apr 22, 2010 8:42am Apr 22, 2010 8:42am
Finally close 3 EU shorts nice triple digits.
  • #689
  • Apr 22, 2010 8:42am Apr 22, 2010 8:42am
Quoting lovejoy80
Some stats...

Week 1 47 trades, 70.2% win rate, 110.57% account increase
Week 2 84 trades, 69.0% win rate, 94.62% account increase on prior week
Week 3 60 trades, (up until yesterday) 55.0% win rate, 7.15% account increase on prior week.

This supports my view that I need to trade less and be more picky...if I can be more picky and get the win rate back up the account increase % will go up with it.
Hi,

this are a lot of trades for 1 hr and higher tf's. May I ask you how much of your acc do you set under risk at the same time?
  • #690
  • Apr 22, 2010 8:47am Apr 22, 2010 8:47am
Attached Image (click to enlarge)
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  • #691
  • Apr 22, 2010 8:51am Apr 22, 2010 8:51am
DJ took the wrong steroids
  • #692
  • Apr 22, 2010 8:51am Apr 22, 2010 8:51am
Quoting lovejoy80


Have to stop somewhere i am giving away all my secrets.
.
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  • #693
  • Apr 22, 2010 8:53am Apr 22, 2010 8:53am
Just missed my buy order .

All trades going well (well you cant really get it wrong with moves like today can you) apart from EG which is being stubborn...EG really depends on whether EU makes new yearly lows or stalls...looks heavy at the moment.

Exited G/CHf...baffled me that one...was quite expensive too.
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  • #694
  • Apr 22, 2010 9:09am Apr 22, 2010 9:09am
Quoting nasir.khan


Have to stop somewhere i am giving away all my secrets.
.
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  • #695
  • Apr 22, 2010 9:11am Apr 22, 2010 9:11am
Quoting MCFly
Hi,

this are a lot of trades for 1 hr and higher tf's. May I ask you how much of your acc do you set under risk at the same time?
It depends...I use 1-3% per trade, mostly 1% at the moment. If I add positions on teh same pari it will be in the direction of my trade and thus true risk is not same as initial risk if that makes sense.

I try to limit max exposure to correlated pairs to 5-7% on average but if we have a no brainer setup i.e. if everything lines up with xxx/jpy and dow and commodities then I'm happy to risk more...if things go wrong I'll cut quickly i.e. will not suffer full losses - I dont suffer full losses often.
  • #696
  • Apr 22, 2010 9:14am Apr 22, 2010 9:14am
Quoting nasir.khan


Have to stop somewhere i am giving away all my secrets.
.
I used to follow all the equities but found that following just dow is enough...maybe I should re-look into this.
  • #697
  • Apr 22, 2010 9:16am Apr 22, 2010 9:16am
Quoting nasir.khan
I'm on these too...only small positions though...gotta reverse one big falling rock there...went long oil too

Pending shorts underneath E/J and E/U to catch breakouts.
  • #698
  • Apr 22, 2010 9:17am Apr 22, 2010 9:17am
Quoting ogeid
DJ took the wrong steroids
They may take some time to work.
.
  • #699
  • Apr 22, 2010 9:18am Apr 22, 2010 9:18am
Are we done for the day ?
Attached Image
  • #700
  • Apr 22, 2010 9:31am Apr 22, 2010 9:31am
liquidated all shorts so only curent positions are long oil, EG, EJ, EU, AU, EA - all stops @ BE on these. Dow is retracing from TL back to PPZ i.e. back to break out area.
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