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Attachments: My J16 Style Trades
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My J16 Style Trades

Quoting Mr Smith
If anyone trades larger lots, IB is great, I just got my account up and running, commisions are crazy low, I know most know tht, but seeing euro at .5 spread w commission of only $2.8 for 100k lot is pretty cool to see.
Hi Smith, thanks for sharing your experiences. Are u with IB in the US or in Oz? I'd be interested to see their price action around your stop and limit orders. Let us know if they go stop hunting too like the others. Did u check out Dukascopy or any other ECN - like broker?
Quoting chanak
Hi Smith, thanks for sharing your experiences. Are u with IB in the US or in Oz? I'd be interested to see their price action around your stop and limit orders. Let us know if they go stop hunting too like the others. Did u check out Dukascopy or any other ECN - like broker?
Hi there, I just went to interactivebrokers.com and did the online form, stating IM aussie citizen and funded the account in aussie dollars.

I didnt' check out dukascopy or anyone else, just have heard so much about ib, and went for them.

I can't say much about stop hunting, not long enuf with them, but from what I understand, they don't mess around like that. Any stops being hit would be from the market really moving there. Also need to use the correct order type to avoid crazy bad fills.
So my pcad trade got triggered quite a few horus ago now.

That's my only position.

Aus got stopped for b/e

Euro is approaching a long term 61.8% retrace, I'll be watchign for pa up there at around 3900, hoefully 1.4000
Attached Image (click to enlarge)
Click to Enlarge Name: euro.gif Size: 29 KB
Quoting Mr Smith
Ok, I've set my orders for the straight daily play of pound/cad

Entry is 6119 stop is 6435, I will be fast to move stops down.

I'm risking .5% not quite good enuf of a setup to risk 1 %

The setup is the daily beob chart a few po sts back.

Moving stops to b/e, here is chart and area why im doing that.
Attached Image (click to enlarge)
Click to Enlarge Name: pcad.gif Size: 26 KB
I've started a new oanda account, and a myfxbook account to go with it, once it gets out of pending status i'll be posting it here.
Nice to see charts coming. Afterall, picture is worth a thousand words. Otherwise it was just words.

Just a suggestion on lower timframes like 5 minutes: "Trade only with the trend". I know you are experienced, but this little filter would be great to your account growth.

You started new account!
That was unnecessary.

Wishing you success,
-Lord
Thanks for the comments lord,

Yes my 5 min habbit is bad sometimes, but I'm kind of stuck with it, because every so often, I catch a huge run, so kind of pays off long run, but I should follow that advice more often then not.
Here is myfxbook

http://www.myfxbook.com/members/j16_...0-yearly/53702

there is one open trade which i didn't post here, I'll try post all my trades here as well, but
won't always have time, below is the trade i'm in on the account attached to myfxbook,
reason for this kiwi trade is close above s/r retrace to area, with
rejection off that round number/area, wasn't the greatest rejection.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: daily.gif Size: 28 KB
Click to Enlarge Name: kiwi1hr.gif Size: 27 KB
Quoting Mr Smith
Here is myfxbook

http://www.myfxbook.com/members/j16_...0-yearly/53702

there is one open trade which i didn't post here, I'll try post all my trades here as well, but
won't always have time, below is the trade i'm in on the account attached to myfxbook,
reason for this kiwi trade is close above s/r retrace to area, with
rejection off that round number/area, wasn't the greatest rejection.

Hi Mr Smith,


What percentage risk have you allocated to these trades you opened on the my FX book?


cheers

fxp
Quoting Mr Smith
Here is myfxbook

http://www.myfxbook.com/members/j16_...0-yearly/53702
niceee, good luck there,, didnt know i was unbanned as well, ta lol
Quoting Sim
niceee, good luck there,, didnt know i was unbanned as well, ta lol
WB Sim , GL and congrate for your unbann
A little beginner trader since 2006
Quoting Naseri13
WB Sim , GL and congrate for your unbann
haha hehe

this is truly. a historic day
Quoting fxprocessor
Hi Mr Smith,


What percentage risk have you allocated to these trades you opened on the my FX book?


cheers

fxp
About .2% on kiwi and little less on euro, just added around .25 or .3 on kiwi, just testing the waters to see if these levels are going to hold, if they do, i'll be looking to get 1-2% on, with some better pa.

regards
Quoting Sim
niceee, good luck there,, didnt know i was unbanned as well, ta lol
Hi there Sim, sorry I banned you, wasn't the right thing to do.

Regards
i think myfxbook, reveals % growth or loss on trades once they get closed, well I hope it does.
Quoting Mr Smith
About .2% on kiwi and little less on euro, just added around .25 or .3 on kiwi, just testing the waters to see if these levels are going to hold, if they do, i'll be looking to get 1-2% on, with some better pa.

regards

I would be carefull playing touch trades with tight stops at this time of day. Good luck with the journal.

fxp
Quoting fxprocessor
I would be carefull playing touch trades with tight stops at this time of day. Good luck with the journal.

fxp

Yeah, I know your right, it's one bad habit of mine, I caught a few huge runs from them, so I'm kind of addicted.
Quoting Mr Smith
Yeah, I know your right, it's one bad habit of mine, I caught a few huge runs from them, so I'm kind of addicted.
If your catching big runners and risking minimal amounts I can see the attraction. Just giving some feedback for what it's worth

Good luck anyway Mr Smith.

And respect for trying the fx book idea.

cheers

FXP
Yea, I appreciate it, one thing long term I'm trying to really do, is trading way less. Right now I can't help myself, but that is my goal, to continue to make 40-50% a year but stop being so trigger happy.
Quoting Mr Smith
Yea, I appreciate it, one thing long term I'm trying to really do, is trading way less. Right now I can't help myself, but that is my goal, to continue to make 40-50% a year but stop being so trigger happy.

I think many of us have the same goal to be more picky in our trades. I certainly do too.

Don't let anybody rush you into taking trades in here. Do what is best for your account.

cheers

fxp
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