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  • #81
  • Jun 29, 2011 2:08am Jun 29, 2011 2:08am
Quoting fxozgirl
update 29/06/11
eurcad

2nd part of trade closed for 102 pips, so again really happy to have been able to stick to the rules and collect some nice pips.
another update 29/06/11
eurcad

Trade retraced and closed at jumping stop.

Total pips = 203.4
You just gotta be happy with that
Attached Image (click to enlarge)
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  • #82
  • Jun 30, 2011 6:16am Jun 30, 2011 6:16am
hello, I've been looking at your trades with interest. Are these real trades with real money or are these on a demo account?

Thanks
  • #83
  • Jun 30, 2011 6:44am Jun 30, 2011 6:44am
Quoting tradercnx
hello, I've been looking at your trades with interest. Are these real trades with real money or are these on a demo account?

Thanks

Hi tradercnx,

thanks for dropping in to my thread...
these trades are demo at the moment, however when this current demo expires (I think around the 20th July) I'll be taking this strategy onto my live account.

I am just spending this month perfecting my discipline in sticking to the rules.
  • #84
  • Jun 30, 2011 6:47am Jun 30, 2011 6:47am
Quoting fxozgirl
29/06/11

gbpjpy
opened 0.03 buy 129.625 sl 250 tp 500 be+2 50

Nice strong confirmation from signal today, taken the trade, hopefully this trade will move up to tp a bit quicker than the last 2

update 30/06/11
gbpjpy

Trade has taken a drop, currently down around 120 pips. Hopeful of some positive moves overnight to avoid a cross of the stochs.
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  • #85
  • Jun 30, 2011 6:51am Jun 30, 2011 6:51am
30/06/11

gbpusd
buy 0.03 1.60661 sl 250 tp 500 be+2 50

Trade went straight into drawdown, currently down around 45 pips.
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  • #86
  • Jun 30, 2011 6:53am Jun 30, 2011 6:53am
30/06/11

audchf
buy 0.03 0.89715 sl 250 tp 500 be+2 50

Missed the candle open today as i had to get to work, but managed to open this trade about an hour into trading and it's been positive all day.
Currently up about 25 pips.
Attached Image (click to enlarge)
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  • #87
  • Jun 30, 2011 6:57am Jun 30, 2011 6:57am
Quoting fxozgirl
gbpchf - still going down

gbpusd - looks like there may be an entry on this tomorrow morning

gbpjpy - trade entered

audchf - could be an entry tomorrow morning for this one as well

usdchf - this pair seems to have bottomed out a little bit, will need to see what price action brings overnight

chfjpy - still heading up, this pair has had the uncanny knack of being able to stay in o/b for some time lately before turning, so will need to make sure there is a clear confirmation to enter before taking a trade

gbpchf - still waiting for confirmation of trade entry

gbpusd - trade entered

audchf - trade entered

usdchf - still no clear confirmation of entry, could be tomorrow though

chfjpy - looks like we may get confirmation on a long tomorrow morning at close of the candle
  • #88
  • Jun 30, 2011 11:07am Jun 30, 2011 11:07am
Hi there, thanks for the reply. What's your dollar risk per trade? Is your stoploss always the same amount of pips away from the market? I'm wondering what percentage of your account you will risk on each trade. And if you have multiple trades on at once what your margin exposure is on your account.
  • #89
  • Jun 30, 2011 1:02pm Jun 30, 2011 1:02pm
Looks like that you don't follow the 100 MA line as per the original method. I though that we only take buy when price is above 100 MA and agrees with stoch cross. Do you take order only on stoch cross?
Quoting fxozgirl
29/06/11

gbpjpy
opened 0.03 buy 129.625 sl 250 tp 500 be+2 50

Nice strong confirmation from signal today, taken the trade, hopefully this trade will move up to tp a bit quicker than the last 2
  • #90
  • Jun 30, 2011 3:52pm Jun 30, 2011 3:52pm
Quoting FX_California
Looks like that you don't follow the 100 MA line as per the original method. I though that we only take buy when price is above 100 MA and agrees with stoch cross. Do you take order only on stoch cross?

Hi FX_California,

I'm trading a deriviative of the Lindencourt method, so my entry rules are completely different.
Please see this post where I explain my entry criteria http://www.forexfactory.com/showthre...67#post4704067
but in a nutshell, I use price action having moved down below the 20 level of stoch or above the 80 level and then entering when the both stoch lines cross back into the 'middle' zone.
I do not use the 100 MA at all (even though it's on the charts) for entry.

My trades are not indicative at all of what you would get trading the actual Lindencourt method.
  • #91
  • Jun 30, 2011 6:16pm Jun 30, 2011 6:16pm
Quoting fxozgirl
update 30/06/11
gbpjpy

Trade has taken a drop, currently down around 120 pips. Hopeful of some positive moves overnight to avoid a cross of the stochs.
update 01/07/11
gbpjpy

Stoch lines crossed and confirmed at close of candle, so I closed the trade for a small loss of 31.9 pips. Actually the signal line hasn't quite cleared the stoch line however I have decided against the risk of leaving it to see if the trade will turn as the momentum has definitely stalled and I have quite a few open and quite a few possible trade entries coming up for early next week.

Total pips 31.9 pips x 3 = 95.7 total pips lost (as full 0.03 trade closed)

Even though it is a loss, I am completely ok with taking the loss as my entry was valid and sometimes you just have to wear the loss as a part of doing business
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  • #92
  • Jun 30, 2011 6:22pm Jun 30, 2011 6:22pm
Quoting fxozgirl
30/06/11

gbpusd
buy 0.03 1.60661 sl 250 tp 500 be+2 50

Trade went straight into drawdown, currently down around 45 pips.

update 01/07/11
gbpusd

Trade still down about 25 pips or so, but a little bit annoyed as the trade did get to break even last night but my trade manager I have on failed to close the 1st part of the trade and move to break even.

It would have ended up closing at break even for a 52 pip profit, so I hope I don't end up paying for that glitch
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  • #93
  • Jun 30, 2011 6:26pm Jun 30, 2011 6:26pm
Quoting fxozgirl
30/06/11

audchf
buy 0.03 0.89715 sl 250 tp 500 be+2 50

Missed the candle open today as i had to get to work, but managed to open this trade about an hour into trading and it's been positive all day.
Currently up about 25 pips.
update 01/07/11
audchf

This trade is moving along very nicely...

the same glitch on the mptm also didn't close the 1st part of the trade at break even, however fortunately in this case the price was well past and I manually closed the 1st part of trade for 91.6 pips and moved the stop to break even +2 so nice little bonus with that one, and the price is very close now to being able to close the 2nd level of the trade (I have fixed the glitch) so will be letting this trade run now.
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  • #94
  • Jun 30, 2011 6:30pm Jun 30, 2011 6:30pm
01/07/11

usdchf
buy 0.03 0.84112 sl 250 tp 500 be+2 50
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  • #95
  • Jun 30, 2011 6:33pm Jun 30, 2011 6:33pm
01/07/11

gbpchf
buy opened 0.03 1.34980 sl 300 tp 500
Attached Image (click to enlarge)
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  • #96
  • Jun 30, 2011 6:35pm Jun 30, 2011 6:35pm
01/07/11

chfjpy
sell opened 0.03 95.790 sl 200 tp 500 be+2 50
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  • #97
  • Jun 30, 2011 6:36pm Jun 30, 2011 6:36pm
Ok, gotta fly now, my in-laws are moving house today so I have taken the day off work to help them, but just wanted to get my trades up.

I will pop back in later to update a bit further as I'm watching quite a few pairs as well right now.
  • #98
  • Jul 3, 2011 5:41pm Jul 3, 2011 5:41pm
I didn't get back in wit any further updates on Friday...got caught up with the house move and had some business things to take care of as well before I headed into town (Melbourne) for a girls weekend

Had a terrific time...it was great to really wind down and catch up with good friends with lots of laughs had. We stayed 2 nights at the magnificent Crown Promenade, valet parking, room service...very nice

Anyway, back into it now, but I have a week off work so will be catching up here soon with all my trades which are going great.

Back soon...
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  • #99
  • Jul 3, 2011 5:57pm Jul 3, 2011 5:57pm
Welcome back to forex trading after a funfilled weekend!!!

Quoting fxozgirl
I didn't get back in wit any further updates on Friday...got caught up with the house move and had some business things to take care of as well before I headed into town (Melbourne) for a girls weekend

Had a terrific time...it was great to really wind down and catch up with good friends with lots of laughs had. We stayed 2 nights at the magnificent Crown Promenade, valet parking, room service...very nice

Anyway, back into it now, but I have a week off work so will be catching up here soon with all my trades which are going great....
  • #100
  • Jul 3, 2011 5:58pm Jul 3, 2011 5:58pm
Quoting fxozgirl
update 01/07/11
gbpjpy

Stoch lines crossed and confirmed at close of candle, so I closed the trade for a small loss of 31.9 pips. Actually the signal line hasn't quite cleared the stoch line however I have decided against the risk of leaving it to see if the trade will turn as the momentum has definitely stalled and I have quite a few open and quite a few possible trade entries coming up for early next week.

Total pips 31.9 pips x 3 = 95.7 total pips lost (as full 0.03 trade closed)

Even though it is a loss, I am completely ok with taking the...
Ok, as it turned out, given the signal line hadn't clearly crossed (but had touched) the trade has now turned back up and would have moved back into profit. Moving forward I will apply the same rule to exiting as entering and wait until there is a clearer signal (even though this was at the close of the candle).
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