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Trader P/L 2011 (Walking The Walk)

  • #81
  • Sep 12, 2011 12:30am Sep 12, 2011 12:30am
Quoting Tradingplace
Sl now moved to 1.3160.. to lock in 150 pips on the 2 remaining positions
now SL moved to 1.3120...lo lock in 190 pips
  • #82
  • Sep 12, 2011 12:32am Sep 12, 2011 12:32am
Quoting Tradingplace
Eurusd short from 1.4010...1st trg reached (+250 pips)...SL moved to entry point...now waiting for 2nd trg.
eurusd 2nd trg reached (+500pips)....SL on last position moved to 1.3760...to lock 250 pips...now worst result on this trade is 250 (1st trg)+500(2nd trg)+250 (lock profit) = 1000 pips
  • #83
  • Sep 12, 2011 1:43am Sep 12, 2011 1:43am
Quoting Tradingplace
now SL moved to 1.3120...lo lock in 190 pips
stopped out for a 190 pip profi on 2 positions.

Pending order
Buy Euraud @ 1.3130
SL @ 1.2970
1st trg @ 1.3280
2nd trg @ 1.3430

Reason....price is bouncing off a big RN 1.3000...which aslo close to the yearly open (1.30761)...the first trouble area could be around 1.3350...I am still biased short on this pair, but for now am just looking to jump into a retracement... order has been filled whilst i was typing
  • #84
  • Sep 12, 2011 4:20am Sep 12, 2011 4:20am
Quoting Tradingplace
eurusd 2nd trg reached (+500pips)....SL on last position moved to 1.3760...to lock 250 pips...now worst result on this trade is 250 (1st trg)+500(2nd trg)+250 (lock profit) = 1000 pips
SL now moved to 1.3640...locking in 370 pips...

new trade might be on the cards if the market breaks above 1.3650...our targets will be around 1.3850 where we see a very strong resistance...we wouldnt expect the market to move higher to 1.4000....
So a move to 1.3850...and then we expect the market to drop again, breaking the lows at 1.34939...
  • #85
  • Sep 12, 2011 4:26am Sep 12, 2011 4:26am
Quoting Tradingplace
Usdchf last position moved to 0.8690...to lock in 790 pips...so the worst result now on this trade will be (200+400+790) = 1390pips
SL now moved to 0.8840 to lock in 940 pips on our last position

if the market breaks 0.8835 area...we will intiate a short trade, targetting the market to get to 0.8550 area, before we see bulls coming in huge numbers to push the price further up...maybe past the 0.9000 RN.
  • #86
  • Sep 12, 2011 4:52am Sep 12, 2011 4:52am
trades for today.

Attached Image (click to enlarge)
Click to Enlarge Name: trade.jpg Size: 74 KB


back to work today. I'm experiencing post vacation depression right now...
  • #87
  • Sep 12, 2011 4:53am Sep 12, 2011 4:53am
Quoting Tradingplace
SL now moved to 1.3640...locking in 370 pips...

new trade might be on the cards if the market breaks above 1.3650...our targets will be around 1.3850 where we see a very strong resistance...we wouldnt expect the market to move higher to 1.4000....
So a move to 1.3850...and then we expect the market to drop again, breaking the lows at 1.34939...
stopped out on eurusd for a total of (250 (1st trg)+ 500(2nd trg) + 3
70) = 1120 pips.

pending order
buy Eurusd @ 1.3650
SL @ 1.3480
1st trg @ 1.3800
2nd trg @ 1.3950
  • #88
  • Sep 12, 2011 8:10am Sep 12, 2011 8:10am
Quoting Tradingplace
Gbpjpy...2nd trg reached (+240pips)...SL moved to lock in 120 pips.....worst result now on this trade is 120 from the 1st trg + 240 (2nd trg) + 120 (locked profit on the last position) = +480 pips
SL moved to 122.60...locking in 250 pips on the last position...

we might go long...targetting the previous support turned into resistance around 123.50 area
  • #89
  • Sep 12, 2011 10:16am Sep 12, 2011 10:16am
I hear a lot of traders talking about discipline...they say trading is about 80percent phsychology and 20percent techinical....but i ask this question...how can a trader be disciplined when they dont have a proven strategy. You can be the very disciplined trader in the world, but if your strategy doesn't work, yu will not make mny in the mkts.

I believe a successful trader create discipline by having a strategy or method that they really believe in and have confidence in it. If you really believe in your method/strategy, i think thats what brings discipline...not the other way round.
  • #90
  • Sep 13, 2011 2:08am Sep 13, 2011 2:08am
Quoting Tradingplace
I hear a lot of traders talking about discipline...they say trading is about 80percent phsychology and 20percent techinical....but i ask this question...how can a trader be disciplined when they dont have a proven strategy. You can be the very disciplined trader in the world, but if your strategy doesn't work, yu will not make mny in the mkts.

I believe a successful trader create discipline by having a strategy or method that they really believe in and have confidence in it. If you really believe in your method/strategy, i think thats what brings...
Hi Tradingplace,

First of all I would like to say nice thread!

Secondly I have to agree and disagree with the above statement. You obviously must have a good system to be able to exercise discipline no doubt, and indeed once you have tested and can see you have a good system it is much easier to be disciplined. However, on the other side of the coin, you can see that there are many traders out there who with an excellent system, still manage to lose money, whereas others have not such a great system but remain profitable.

So I agree with your statement but I would have to say that they are easily equally as important.

What do you think?

I'll start to post my trades and results in here as well if you don't mind :-)

AFX
  • #91
  • Sep 13, 2011 3:13am Sep 13, 2011 3:13am
just able to squeeze in a few bucks.

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  • #92
  • Sep 13, 2011 4:05am Sep 13, 2011 4:05am
Quoting AFX-UK
Hi Tradingplace,

First of all I would like to say nice thread!

Secondly I have to agree and disagree with the above statement. You obviously must have a good system to be able to exercise discipline no doubt, and indeed once you have tested and can see you have a good system it is much easier to be disciplined. However, on the other side of the coin, you can see that there are many traders out there who with an excellent system, still manage to lose money, whereas others have not such a great system but remain profitable.

So I agree with your...
I was just saying that having a proven strategy brings discipline, coz yu know how profitable your strat is and yu can easily ride the DD and still place trades without hesitation coz yu know how your strat performs.

you can posts your trades anytime.

Thanks
  • #93
  • Sep 13, 2011 4:10am Sep 13, 2011 4:10am
Someone asked what broker i use...I use tradestation and i have been using them for a number of years now and i really like their platform.
  • #94
  • Sep 13, 2011 12:36pm Sep 13, 2011 12:36pm
sideways movement today for my methods...just watching some levels and see how the market will react to them tommorrow....hope we will see some good moves...i think the market is still digesting the moves from last week.

Cya all tomorrow
  • #95
  • Sep 13, 2011 1:16pm Sep 13, 2011 1:16pm
Quoting Tradingplace
Someone asked what broker i use...I use tradestation and i have been using them for a number of years now and i really like their platform.
i checked tradestation website and it says it has zero commission? it used to have it. I'm shopping around for a diff broker once i hit 20k. I like brokers with comm and larger capital base. mY choice right now is IB (using ninjatrader to trade).
  • #96
  • Sep 13, 2011 2:16pm Sep 13, 2011 2:16pm
Can I ask you what system are you using? Sorry if I missed the post you already mentioned it.

ps. this is very inspired thread indeed
  • #97
  • Sep 14, 2011 3:09am Sep 14, 2011 3:09am
Quoting konhinn
Can I ask you what system are you using? Sorry if I missed the post you already mentioned it.

ps. this is very inspired thread indeed
trading the usual breakouts, failed breakouts, support/resistance, momentum, patterns, failed patterns...just an eye for charts and looking at how price is behaving at certain levels etc
  • #98
  • Sep 14, 2011 5:01am Sep 14, 2011 5:01am
I cut the last trade somewhat short. i think it would hit 3700, but this trade just dragging for too long.

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  • #99
  • Sep 14, 2011 5:01am Sep 14, 2011 5:01am
Quoting hilmy83
I cut the last trade somewhat short. i think it would hit 3700, but this trade just dragging for too long.

Attachment
yup go figure, it touched 3700..
  • #100
  • Sep 14, 2011 5:46am Sep 14, 2011 5:46am
Quoting hilmy83
yup go figure, it touched 3700..
We seem to be stuck in the 1.3600-1.3700 area for now....am just waiting on the sidelines for this pair
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