Attachments: LJ Forex Group

LJ Forex Group

#4,621
Apr 3, 2013 5:40am Apr 3, 2013 5:40am

freeze
| Joined Jul 2011 | Status: First Time Back | 119 Posts

Well spotted, I wasn't home this morning to consider it. Looking at it now, your stoploss was way too tight - not a lot protecting it. I found 5 pips is almost always too tight for 1hr setups, but that is something you will have to find out on your own through back(forward)testing. In this case I would put it behind 98.164 at the tightest, but probably behind 98.211. Keep testing and saving setups, you'll find out what works in the long term and you'll gain confidence in it.

Your stoploss was hit because of spread - you are shorting for bid price, which is what you see on your Metatrader chart. Your stoploss is technically a buy order (opposite), so it is based on the ask price.

Yeah Tomek, same for me. I don't think I've had a trade since Easter, it doesn't help that I'm also busy with other work.

#4,622
Apr 3, 2013 6:38am Apr 3, 2013 6:38am

5.25
Joined Jan 2011 | Status: Eeny, meeny, miny, moe | 819 Posts

Quoting freeze

Disliked

Yeah Tomek, same for me. I don't think I've had a trade since Easter, it doesn't help that I'm also busy with other work.

Ignored

I share the pain. I'm slowly bridging the gap between full time work and full time trader.

Oanda just upgraded their mobile trading service to v3. Worth checking out, looks promising.

#4,623
Edited 8:38am Apr 3, 2013 8:02am | Edited 8:38am

freeze
| Joined Jul 2011 | Status: First Time Back | 119 Posts

Quoting 5.25

Disliked

I share the pain. I'm slowly bridging the gap between full time work and full time trader. Oanda just upgraded their mobile trading service to v3. Worth checking out, looks promising.

Ignored

Sounds great, good luck! I'll be starting uni in UK this September, so I have a lot of time to learn before I consider switching full time.

Just shorted this bulltrap on EURUSD with small risk, but there's no momentum yet so I'm keeping a very tight leash on it.

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Edit: too small a position to reduce exposure at FLS (actually added when it closed below FLS instead), closed for a partial loss.

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#4,624
Apr 3, 2013 9:24am Apr 3, 2013 9:24am

xmzhang
| Joined Jul 2010 | Status: keeping it simple is complex enough | 989 Posts

Bought E/J, beartrap

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Pipcrawler

#4,625
Apr 3, 2013 9:27am Apr 3, 2013 9:27am

Balhana
Joined Mar 2010 | Status: Trader | 1,635 Posts

I'm staying in another city in Korea on a business trip. Just came back to the hotel and a little bit tired but I'm addicted to trading.

Sold USD/CHF @ 0.94733 and closed 2/3 for +40 pips.

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#4,626
Apr 3, 2013 9:46am Apr 3, 2013 9:46am

xmzhang
| Joined Jul 2010 | Status: keeping it simple is complex enough | 989 Posts

Quoting xmzhang

Disliked

Bought E/J, beartrap {image}

Ignored

Fek #$%&&@! bastard, closed manually for about -0.5R

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Pipcrawler

#4,627
Apr 3, 2013 10:59am Apr 3, 2013 10:59am

Balhana
Joined Mar 2010 | Status: Trader | 1,635 Posts

Quoting Balhana

Disliked

I'm staying in another city in Korea on a business trip. Just came back to the hotel and a little bit tired but I'm addicted to trading. Sold USD/CHF @ 0.94733 and closed 2/3 for +40 pips. {image}

Ignored

Closed the remainder (1/3) for +30 pips (+70 pips in total). Need to go to bed....

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#4,628
Apr 3, 2013 11:30am Apr 3, 2013 11:30am

DaGrizlyBull
| Joined Sep 2011 | Status: Hybrid | 413 Posts

DAX today. Hindisght + Live ones:

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I don't need easy. I just need possible.

#4,629
Apr 3, 2013 2:12pm Apr 3, 2013 2:12pm

freeze
| Joined Jul 2011 | Status: First Time Back | 119 Posts

An AUDUSD bull trap (after daily double top) I'm shorting.

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#4,630
Apr 3, 2013 2:52pm Apr 3, 2013 2:52pm

freeze
| Joined Jul 2011 | Status: First Time Back | 119 Posts

Closed 1/2 (~1R locked in), trailing stop above supply.

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#4,631
Apr 3, 2013 4:38pm Apr 3, 2013 4:38pm

freeze
| Joined Jul 2011 | Status: First Time Back | 119 Posts

Quoting freeze

Disliked

Closed 1/2 (~1R locked in), trailing stop above supply. {image}

Ignored

Closed last half, AUD news ahead and I don't want to lose sleep over this. Too tired to calculate RR, but my initial stoploss was at 1.4850.

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#4,632
Apr 3, 2013 4:57pm Apr 3, 2013 4:57pm

lovejoy80
| Commercial User | Joined Feb 2008 | 4,633 Posts

Quoting MBatini

Disliked

I was happy for the outcome of this AJ FTB. Can someone explain why is my order closed with SL hit when the feed shows lower values? Is it something to submit to my broker? Thanks {image} {image}

Ignored

It will be your spread. For most MT4 brokers, spread is added to the 'buy' price thus when you are shorting you need to add the spread to your SL and when you are looking to go long you need to add the spread to your desired entry.

#4,633
Apr 3, 2013 5:04pm Apr 3, 2013 5:04pm