It's time to call it a day/week. I finish the week with +11.2%. All level trades, no breakout trade this week for me.
Now my family is first priority until I start trading again next Tuesday.
Happy Easter to all of you!
Could not resist the nice hourly close above the opening range on EU...so I entered long on the retest with 2 positions...0.5% risk each.
Closed one half at the previous week's low for 0.4% gain, moved stop to BE and let the other half run...
Junkie
You're dead right, Fx is my drug...so I'm obviously at the right thread surrounding myself with like-minded persons...
Are you in the breakout trade, too Seneca?
Could not resist the nice hourly close above the opening range on EU...so I entered long on the retest with 2 positions...0.5% risk each.
Closed one half at the previous week's low for 0.4% gain, moved stop to BE and let the other half run...
That one didn't last long.
Have a great Easter Olarian. Enjoy some family time and a nice break.
Still in, mate. My SL is 1.28130...low of candle was 1.28138. Let's see how long this will really last...
I prefer to set the stop about one pip below the range...
Thank you, I wish you the same.
If i may add to the successful trades of the day..
Attachment
Each day.
I calculate it just before I begin looking for trades. I just started putting it on my screen in text so I don't have to keep toggling to the daily timeframe and calculate for each trade entry. The stop sizes actually change pretty regularly. Can be only one or two pips but that can make the difference between a stop out and a winner.
I would bet that there are some good coders out there who could make an indicator that would give the MA value in text form automatically.
That spike down through the daily open stopped right at the London close from Wed. That is why I like the London close so much on the pound pairs.
Of course I was sleeping when this happened.
So the 21 pips right now on GU are 20% of 86 pips (17 pips) +4 pips?
Or is it 25% of 86 pips (21,5 pips) without any additional pips?
You said you use either 20% or 25% for the more volatile pairs...
A valid question and one I expected.
First there is a misconception in the question. Good fund managers are the BEST traders. To attract real money, millions of qualified investor dollars, you have to have steady gains with low draw down. If a money manager doesn't cut it he or she will lose their clients. Hedge fund investors are notorious for having short attention spans. If you don't make enough they will drop you. If you have too much draw down they will drop you. Having said all this if you can make it it is like having a giant call option...
