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Cable Short Term (Chazzle)

  • #221
  • Edited 3:41am Oct 30, 2010 3:30am | Edited 3:41am
Quoting chazzle
the one thats a bit painful to post...the equivalent of -667 pips....
Hi Chazzle

-667 is very painful...its great your showing your good and bad though. I am relatively new to forex but i notice your lot sizes are very random 0.5 to 10

10 sound really risky.....keep to your planned MM.

Good luck

EDIT: Just read BBakker's post...says what i'm saying but way more professional

Darren
Enter Signature
  • #222
  • Edited Oct 31, 2010 2:41am Oct 30, 2010 12:30pm | Edited Oct 31, 2010 2:41am
thanks for feedback guys-yes too much risk involved at the end of this 2 week period.I think part of the problem is using a scaling in strategy at the wrong time.Works quite well in more of swing type scenario-really.There is no substitute for patience.

I can also trade intraday levels pretty well so the thing for me to do is keep the 2 styles well apart from eachother.

I have been trading 15 months...losing 10 breaking even 5 and I win most of the time,its just when I lose I lose big.

I should have more defined MM ,1 position at £0.5 is for me 1.2x leverage and going beyond 3x is perhaps too much.
  • #223
  • Oct 31, 2010 4:13am Oct 31, 2010 4:13am
Quoting darrenware
Hi Chazzle

-667 is very painful...its great your showing your good and bad though. I am relatively new to forex but i notice your lot sizes are very random 0.5 to 10

10 sound really risky.....keep to your planned MM.

Good luck

EDIT: Just read BBakker's post...says what i'm saying but way more professional

Darren
I am nowhere near being a professional. I have only been trading 9 months, but I did invest in my Forex education. I did a 6 day Forex course in June which I can retake as many times as I like without any additional cost and now I have signed up to 6-8 hours of webinars every week, for my lifetime, for a one-off fee. Sam Seiden is one of my instructors on the webinars. We also have Grad Club once a month where traders meet at the offices in St Albans to discuss trading.
  • #224
  • Oct 31, 2010 7:25pm Oct 31, 2010 7:25pm
P&L sunday night...closed a few trades from over weekend plus a few scalps in the volatility tonight...about 80 pips
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  • #225
  • Oct 31, 2010 7:44pm Oct 31, 2010 7:44pm
starting to short for overnight 16043
  • #226
  • Nov 1, 2010 2:21am Nov 1, 2010 2:21am
Quoting chazzle
starting to short for overnight 16043
closing 2 for 20-maybe should have let it run..
  • #227
  • Nov 1, 2010 12:00pm Nov 1, 2010 12:00pm
short at 16038 after 16050 area failed looking for test of EMA200 M15 (hi 900s) if 16010 can be broken
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  • #228
  • Nov 1, 2010 12:02pm Nov 1, 2010 12:02pm
trade is valid as long as this channel is intact
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  • #229
  • Nov 1, 2010 12:11pm Nov 1, 2010 12:11pm
also punted a long EU...125 from its recent high...GU only 40
so EU long 13884
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  • #230
  • Nov 1, 2010 12:38pm Nov 1, 2010 12:38pm
bit fickle maybe but closing cable for 4...keeping EU open,my brain finds it difficult to be long on one and short the other...
  • #231
  • Nov 1, 2010 12:43pm Nov 1, 2010 12:43pm
closing EU for 9...saw a bigger trend perhaps
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  • #232
  • Nov 1, 2010 1:20pm Nov 1, 2010 1:20pm
did a EU short at MA20 out for 12
  • #233
  • Nov 1, 2010 1:22pm Nov 1, 2010 1:22pm
re-enter cable short 16040
  • #234
  • Nov 1, 2010 1:27pm Nov 1, 2010 1:27pm
Hows the trading going today Chazzle....better start to the week?
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  • #235
  • Nov 1, 2010 1:44pm Nov 1, 2010 1:44pm
Quoting chazzle
re-enter cable short 16040
closing for 4 here...market is undecided,anyway a few good scalps late in the day
  • #236
  • Nov 1, 2010 1:49pm Nov 1, 2010 1:49pm
Quoting darrenware
Hows the trading going today Chazzle....better start to the week?
I always have a good start...its just the end that lets me down,lol.Yes chipping away the losses already...account was up 0.225% over 2 weeks,now its up about 1.5%....got to be more disciplined if I am to keep the scaling-in strategy,and more disciplined in general,on entries...hope you're doing well Darren,you are going about things the right way with the demo,all the best to you
  • #237
  • Nov 1, 2010 1:59pm Nov 1, 2010 1:59pm
Glad to here it I am using Real money but with Alpari on a Micro Account so can go down to 0.01....its perfect for the real money training phase.

Quoting chazzle
I always have a good start...its just the end that lets me down,lol.Yes chipping away the losses already...account was up 0.225% over 2 weeks,now its up about 1.5%....got to be more disciplined if I am to keep the scaling-in strategy,and more disciplined in general,on entries...hope you're doing well Darren,you are going about things the right way with the demo,all the best to you
Enter Signature
  • #238
  • Nov 1, 2010 2:00pm Nov 1, 2010 2:00pm
Also trading a demo account as well as real account at the moment for a £10k prize this November...up 10% in 1 day,lol...I won't be surprised though if some people turn the virtual £10k into £150k plus...
  • #239
  • Nov 1, 2010 2:35pm Nov 1, 2010 2:35pm
Price clinging to EMA20 on M15 for the last 4hrs,going long at 16040
  • #240
  • Nov 1, 2010 6:12pm Nov 1, 2010 6:12pm
Quoting chazzle
Price clinging to EMA20 on M15 for the last 4hrs,going long at 16040
closing for 17...will wait one more pullback to 16040 to go long again
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