Trade with basic concepts | Page 6 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Basic Concepts to Understand in FX 10 replies

Making Money and the Most Basic of All Basic Strategies 42 replies

Trading Basics: Concepts and Psychology 0 replies

Basic Trading Concepts Tutorial 0 replies

New Concepts in Technical Trading Systems 4 replies

Attachments: Trade with basic concepts
Exit Attachments

Trade with basic concepts

  • #101
  • Oct 22, 2010 9:24am Oct 22, 2010 9:24am
Trade 21 pictures
It is a trade that hit my stoploss.
and it's the cost of the system.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Weekly Review 2010 10 22 22.gif Size: 35 KB
Click to Enlarge Name: Weekly Review 2010 10 22 23.gif Size: 25 KB
Success is the small sum of efforts, repeated day in and day out.
  • #102
  • Oct 22, 2010 9:28am Oct 22, 2010 9:28am
Trade 22 pictures
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Weekly Review 2010 10 22 24.gif Size: 36 KB
Click to Enlarge Name: Weekly Review 2010 10 22 25.gif Size: 30 KB
Success is the small sum of efforts, repeated day in and day out.
  • #103
  • Oct 22, 2010 9:35am Oct 22, 2010 9:35am
Trade 23 pictures
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Weekly Review 2010 10 22 26.gif Size: 35 KB
Click to Enlarge Name: Weekly Review 2010 10 22 27.gif Size: 23 KB
Success is the small sum of efforts, repeated day in and day out.
  • #104
  • Oct 22, 2010 9:36am Oct 22, 2010 9:36am
Trade 24 pictures
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Weekly Review 2010 10 22 28.gif Size: 31 KB
Click to Enlarge Name: Weekly Review 2010 10 22 29.gif Size: 38 KB
Success is the small sum of efforts, repeated day in and day out.
  • #105
  • Oct 22, 2010 9:40am Oct 22, 2010 9:40am
Trade 25 pictures
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Weekly Review 2010 10 22 30.gif Size: 33 KB
Click to Enlarge Name: Weekly Review 2010 10 22 31.gif Size: 29 KB
Success is the small sum of efforts, repeated day in and day out.
  • #106
  • Oct 22, 2010 9:46am Oct 22, 2010 9:46am
Trade 26 pictures
wow all the pictures were here.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Weekly Review 2010 10 22 32.gif Size: 33 KB
Click to Enlarge Name: Weekly Review 2010 10 22 33.gif Size: 27 KB
Success is the small sum of efforts, repeated day in and day out.
  • #107
  • Oct 22, 2010 9:53am Oct 22, 2010 9:53am
I have reviewed all 16 trades in these week.

3 out of 16 was wrong, stoploss were hit quickly.
2 only went to Fibonacci 200, should be closed at BE.
11 was right.

If I decided to closed all the trades at 2618%,
that would be 1.4*11-1*5=10.4 R.
but I only got about 2.5 R this week.

So it seems a good choice to close all the trades at Fibonacci 2618 extension level. I will consider it seriously this weekend.

I will check several months data on M15 chart and make a decision.
Success is the small sum of efforts, repeated day in and day out.
  • #108
  • Oct 22, 2010 10:17am Oct 22, 2010 10:17am
My goal was win a trade per pair per week.
If I achieve it, the profit would be 6% a week, 24% a month and 1221% a year.
That is enough for me. And if I closed all the position at 2618%, I could end my trades with stead and small profit. Whether I could got the profits in these way? And whether I could got a winning per pair per week? I will check the historical data.
Success is the small sum of efforts, repeated day in and day out.
  • #109
  • Oct 24, 2010 1:10am Oct 24, 2010 1:10am
There were 32 setup on 6 pairs last week.
I must have a strong mind to take all these trades.
Success is the small sum of efforts, repeated day in and day out.
  • #110
  • Oct 24, 2010 2:22am Oct 24, 2010 2:22am
Quoting dhalsim
There were 32 setup on 6 pairs last week.
I must have a strong mind to take all these trades.
I have entered 16 of them.
Success is the small sum of efforts, repeated day in and day out.
  • #111
  • Oct 24, 2010 7:25pm Oct 24, 2010 7:25pm
Trade 27 EURUSD buy 1.3974 stoploss 1.3891 TP 1.4096
Trade 28 GBPUSD buy 1.5698 stoploss 1.5663 TP 1.5744

I put a buy stop at 1.3974 at oanda, but it was triggered at 1.3983.
I dont know what happened, contacting oanda service now.
Success is the small sum of efforts, repeated day in and day out.
  • #112
  • Oct 24, 2010 8:27pm Oct 24, 2010 8:27pm
Quoting dhalsim
Trade 27 EURUSD buy 1.3974 stoploss 1.3891 TP 1.4096
Trade 28 GBPUSD buy 1.5698 stoploss 1.5663 TP 1.5744

I put a buy stop at 1.3974 at oanda, but it was triggered at 1.3983.
I dont know what happened, contacting oanda service now.
EURUSD was triggered at 1.3984, and oanda insist on that they are right.
The EURUSD trade was based on H1 breakout of previous high.
It is a head and shouder on H1 chart.
Success is the small sum of efforts, repeated day in and day out.
  • #113
  • Oct 24, 2010 8:28pm Oct 24, 2010 8:28pm
Quoting dhalsim
EURUSD was triggered at 1.3984, and oanda insist on that they are right.
The EURUSD trade was based on H1 breakout of previous high.
It is a head and shouder on H1 chart.
They mean that if you dont input upper and lower boundaries on limit orders.
It could be triggered at any place.
Success is the small sum of efforts, repeated day in and day out.
  • #114
  • Oct 24, 2010 8:31pm Oct 24, 2010 8:31pm
Quoting dhalsim
They mean that if you dont input upper and lower boundaries on limit orders.
It could be triggered at any place.
Anyway oanda is the best broker that I have used.
Just some complaints.
Success is the small sum of efforts, repeated day in and day out.
  • #115
  • Oct 24, 2010 8:44pm Oct 24, 2010 8:44pm
Trade 28 closed
TP reached, small profits are good for Monday morning.
Success is the small sum of efforts, repeated day in and day out.
  • #116
  • Oct 24, 2010 9:05pm Oct 24, 2010 9:05pm
Quoting dhalsim
buy GBPUSD 1.5408 Stoploss 1.5386
Thx for your journal! That's exactly what I want as I'm newbee. How do you decide your stoploss line? according to the trend?
  • #117
  • Oct 24, 2010 9:26pm Oct 24, 2010 9:26pm
Trade 29
sell USDCAD 1.02208 stoploss 1.02831 takeprofit 1.01320
Success is the small sum of efforts, repeated day in and day out.
  • #118
  • Oct 24, 2010 9:27pm Oct 24, 2010 9:27pm
Quoting dhalsim
Trade 29
sell USDCAD 1.02208 stoploss 1.02831 takeprofit 1.01320
This trade was based on H1 chart.
Success is the small sum of efforts, repeated day in and day out.
  • #119
  • Oct 24, 2010 9:32pm Oct 24, 2010 9:32pm
There are no other trading opportunities in the morning according to my system.
I will come back this afternoon.
Success is the small sum of efforts, repeated day in and day out.
  • #120
  • Oct 25, 2010 2:31am Oct 25, 2010 2:31am
Trade 27 and 29 update
both positions move stoploss to breakeven.
Success is the small sum of efforts, repeated day in and day out.
1 trader viewing now