Trade #68 hit sl. 1% Loss.
Trade #69 just entered. Short for 136 pips.
Trade #69 just entered. Short for 136 pips.
The Thief of Wall Street
Your and My Lessons Learned Losing and Gaining in Trading 5 replies
Lessons Learned during System Development 29 replies
Rookie Lessons Learned 5 replies
What i learned today 14 replies
Things I've learned (as a n00b) 6 replies
DislikedTrade #68 hit sl. 1% Loss.
Trade #69 just entered. Short for 136 pips.Ignored
DislikedI see EU currently in a weak uptrend, I'd be looking to go long on a pull back.
Not going to setup my entry orders tonight though, I'll assess in the am.
Also I know you ownly trade EU, but AudUsd has a stronger uptrend so above would work better.
Good luck!!Ignored
DislikedEveryone has a right to express their opinions. But one should not forget that in the end it is only logic that prevails. Did I mention in my earlier posts that we could very much experience 40 or so consecutive losses if our win/loss ratio is 60/40? Two years ago I experienced as much as 52 losers in row without a single winner in between. This whole concept of risk management revolves around only one thing: "With a 60/40 win/loss ratio can you servive if your first 40 trades are consecutive losers, even if next 60 are consecutive winners?"....Ignored
DislikedI try to take chance of a bonce. See some resistance ahead and therefore going to take this chance before (and if) this down trend reverses.
Cannot focus on more than one pair. Getting older.
Off to gym. See you in about two hours, if I survive today's bout.Ignored
DislikedMy entry with trend would be around here, 1.2967 area, tempted, odds are the trend will hold and it'll turn back up.Ignored
DislikedGood entry point for this 1H up trend. The good time maybe when NY session is dying and preparing for europe session.
I am however playing shorts on 4H and Daily. This point (red arrow) will be my next entry for a second short (not on the demo opened for this thread but on my private account).Ignored
Dislikedsame here - already short 20+ or so pips up atm.. hey chciky care to share ur account details private one? (bad question) but can we get details on say the % P/l over a certain period of time uve had it?
just taht can maybe give us direction to see where this one might go as well.
and btw - what degrees are those TL;s. they look -45 degrees to me which is a 315 degrees angle facing downwards from left to right.
just wondering if u can maybe use a tool if ure platform has - trendline by angle and see what angle it is.
why i ask? just wondering...Ignored
DislikedBuma, I don't quit playing a longer term trend until it definitely reverses. Then go with the new trend. To me, the trend in still down.
I maintain few private accounts, but non of them with a significant investment. Trading is my hobby not a source of income. Currently I am trying to revive an account that went down by more than 99%. With less then 1% remaining I tried to come back. This account is now down about 80% (20% recovered). That required switching to longer term trading and changing risk reward to 1:5 to 1:10 than ususal 1:1 and also...Ignored
DislikedTrade #68 hit sl. 1% Loss.
Trade #69 just entered. Short for 136 pips.Ignored
Dislikedsmashed in the face with a "haha" from the market like a "you suck" insult.
stopped +2 on euro +7 on dow and +2 usd from gold.
they were all around x10 of that stopout value in max profit.
am beat chickster.
i shouldve TPed.
the long signal was clear and i shouldve cleared my profit for my acc.
now i got next to nothing.
but dont worry bout me - continue with your method pleaseIgnored
DislikedLOL. But the good thing is you remained positive.
I agree and disagree with the long signal. No doubt there was an inverted head and shoulder on 4H, HHs and HLs on 1H, pa hitting a strong support during NY session, etc but the main thing was the 1.3000 resistance. I am still taking chances of shorts just becuause of that. Otherwise my chart says 1.3240 at minimum. Let's see.
Played that bounce from 1.3024 but closed at 1.2998. For me, the bounce was over, but it went further down.Ignored
DislikedTrade #69 surviving.
If it hits sl, that would be time to repay the market temporary loan of about $1.50 collected in bits from each winner in the name of "Spread Cost".
Risk:Reward tactic would be totally different but strategy would remain unchanged, that is, 1:1 or equal risk/reward per trade.
In order to see that new tactic, you all hope that I lose this trade #69.
Off to gym for two hours.Ignored
DislikedTrade #69 hit sl. 1% Loss.
Trade #70.25 in progress. 25% of usual position. Long for 1.3124. This time, its not based on number of pips but the price level.Ignored