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  • #321
  • Edited 4:51pm Nov 20, 2011 2:28pm | Edited 4:51pm
Trade# 26 - Entered

Long for 70 pips

Reason for entry: Chance of a bounce on Daily chart

Win:Loss ratio over 25 trades: 13:12 or 52:48
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The Thief of Wall Street
  • #322
  • Nov 21, 2011 2:24pm Nov 21, 2011 2:24pm
Trade# 26 - Concluded SL got hit 1% loss

Trade# 27 - Entered & Concluded TP got hit 1%

Trade# 28 - Entered

Long for 60 pips

Reason for entry: I.3500 penetrated. 1.3450 seems good support on 1H
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The Thief of Wall Street
  • #323
  • Nov 22, 2011 6:15am Nov 22, 2011 6:15am
Quoting Chicky
Trade# 26 - Concluded SL got hit 1% loss

Trade# 27 - Entered & Concluded TP got hit 1%

Trade# 28 - Entered

Long for 60 pips

Reason for entry: I.3500 penetrated. 1.3450 seems good support on 1H
look barrier just below your tp
Mohan
  • #324
  • Nov 22, 2011 6:22am Nov 22, 2011 6:22am
what lot size do u trade? with 101$ ?
Trade responsiblypatience is the key/Swing trader
  • #325
  • Nov 22, 2011 9:29am Nov 22, 2011 9:29am
YEAH ... what is the most memorable wine you've ever had in your mouth? Here a spanish Gandia, oak matured red wine, comes to mind ... Thicker than blood, tastes like a mixture of fruits .. heaven in your mouth, so they say.

Quoting Chicky
Work is finished............... now talk about trading bullshit, girls, wines and food until we see how these orders turn out. Life is simple but not easy.
60 ... 70 pips per 1 % capital on EURUSD, that would be 130-150 units? It's not chinese math, is it? Note it's not lots, it's units. Oanda lets you trade a single unit, that is, 1/100.000th of a full lot.

Quoting Incrediblle
what lot size do u trade? with 101$ ?
forget about tomorrow, just steal away into the night
  • #326
  • Nov 22, 2011 5:48pm Nov 22, 2011 5:48pm
Quoting Incrediblle
what lot size do u trade? with 101$ ?
it's a strategy testing thread , lot size not important here. only risking 1% of the capital. Risk : reward 1:1 , and it's a demo account.

if he Try his strategy with big lot it might give some bad idea/start to newbies.
Mohan
  • #327
  • Nov 22, 2011 10:15pm Nov 22, 2011 10:15pm
Quoting mohan76

if he Try his strategy with big lot it might give some bad idea/start to newbies.

Why is this a bad idea?
  • #328
  • Nov 22, 2011 10:37pm Nov 22, 2011 10:37pm
Quoting iulli
Why is this a bad idea?
if newbies start with big lot they will meet Mr. MC (margin call)
Mohan
  • #329
  • Nov 22, 2011 11:27pm Nov 22, 2011 11:27pm
Quoting mohan76
if newbies start with big lot they will meet Mr. MC (margin call)
or Mr . Make Cash!



okay honestly traders should give 1 year min or time to know he can be profitable at least 80%+ (not joking) to be leveraging high. its those a+ setups a trader recognizes that enables him to up the stakes.

its better to know oneself and price first. know leverage later, girl;s a deadly demon. but dancing with her if u know her well and her buddy price, u got nothing to fear.

im awaiting that moment
Have I got something on my face, SOLDIER?
  • #330
  • Nov 22, 2011 11:37pm Nov 22, 2011 11:37pm
Trade# 28 - Concluded.SL hit 1% loss

Trade #29 in progress for 70 pips. Long

Will be posting chart shortly............. Let me finish coffee and cake
The Thief of Wall Street
  • #331
  • Nov 22, 2011 11:46pm Nov 22, 2011 11:46pm
Quoting Incrediblle
what lot size do u trade? with 101$ ?
About 1/1000th of a standard lot.
The Thief of Wall Street
  • #332
  • Nov 22, 2011 11:48pm Nov 22, 2011 11:48pm
WEll if he Chicky proves here that actually there is an edge in this strategy you can go with big lots, and you can be a beginner, just remember follow the rules..... that is risk only 1 % from your account

Actually I am following this thread with great interest, it seems to me, if there is an edge is very small, and 100 or 200 trades won't prove anything, we need more like 1000 trades. Even if in the end after 100 trades breaks even, it still might have an edge just because it overcame the spread, think about it.
  • #333
  • Nov 22, 2011 11:49pm Nov 22, 2011 11:49pm
Quoting iulli
Why is this a bad idea?
Because it won't be an excellent idea.
The Thief of Wall Street
  • #334
  • Nov 22, 2011 11:51pm Nov 22, 2011 11:51pm
Quoting Chicky
Because it won't be an excellent idea.
good point, follow in life only excellent ideas/setups and you will be happy. Don't setlle for good, aim for best.
  • #335
  • Nov 22, 2011 11:55pm Nov 22, 2011 11:55pm
Quoting Chicky
Trade# 28 - Concluded.SL hit 1% loss

Trade #29 in progress for 70 pips. Long

Will be posting chart shortly............. Let me finish coffee and cake
Here is the chart with Trade #29 running and #28 that hit sl.

It is only third time in these 28 trades that pa got very near to TP but did not touch it and went all the way back to kiss the SL. Three times in a 28 trades is not something unusual.
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The Thief of Wall Street
  • #336
  • Nov 23, 2011 12:04am Nov 23, 2011 12:04am
Quoting iulli
WEll if he Chicky proves here that actually there is an edge in this strategy you can go with big lots, and you can be a beginner, just remember follow the rules..... that is risk only 1 % from your account

Actually I am following this thread with great interest, it seems to me, if there is an edge is very small, and 100 or 200 trades won't prove anything, we need more like 1000 trades. Even if in the end after 100 trades breaks even, it still might have an edge just because it overcame the spread, think about it.
Quoting Chicky
..The most important lesson learned with regard to one’s edge is that: YOUR EDGE IS VERY SMALL AND THEREFORE DO NOT LOSE IT. .....You may note that your edge is good only if it is applied consistently. You may lose your edge if its application is not consistent.
Edge is very small. It takes hell lot of patience to move to next step before multiplier effect takes over.
The Thief of Wall Street
  • #337
  • Nov 23, 2011 11:32pm Nov 23, 2011 11:32pm
Trade#29 Concluded SL got hit 1% Loss

Trade#30 in progress. Long for 70 pips

Reason for recent few trades: Strong support (yellow circled areas). Expected/expecting a bounce of 100 to 150 pips. No shorts unless it breaks these supports.
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The Thief of Wall Street
  • #338
  • Nov 23, 2011 11:47pm Nov 23, 2011 11:47pm
Quoting Chicky
Trade#29 Concluded SL got hit 1% Loss

Trade#30 in progress. Long for 70 pips

Reason for recent few trades: Strong support (yellow circled areas). Expected/expecting a bounce of 100 to 150 pips. No shorts unless it breaks these supports.
i see small resistant @ 3412/3415 (double top on 4h) before 3430 , low liquidity day if it break 3430 we might see 3500
Mohan
  • #339
  • Edited Nov 24, 2011 12:40am Nov 23, 2011 11:59pm | Edited Nov 24, 2011 12:40am
Quoting mohan76
i see small resistant @ 3412/3415 (double top on 4h) before 3430 , low liquidity day if it break 3430 we might see 3500
It has a lot of force. Maybe its heading down to just above 1.3000.

Lately it broke strong s/rs during low liquidity times, especially on the last day of the week. Expecting some profit taking by Europe on Thursday, but again, US market is closed for Thanksgiving, an excellent opportunity to break strong barriers.

If it takes a healthy bounce from here, I will be eyeing at 1.4000 and above upto 1.4200 provided pa stays above 1.3500 for a couple of days.
The Thief of Wall Street
  • #340
  • Nov 25, 2011 2:58am Nov 25, 2011 2:58am
Trade#30 Concluded. SL got hit 1% Loss.

Trade#31 in Progress. Long for 100 pips from 1.3279

Reason for recent few trades: Strong support area. If it has to bounce should bounce from the next 100 pips (from here to 1.3180).

Will post charts later.
The Thief of Wall Street
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