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Attachments: From $100 to $10k in 50 trades
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From $100 to $10k in 50 trades

  • #21
  • Apr 26, 2013 4:26am Apr 26, 2013 4:26am
Quoting rabjam
yup good stuff here seems legit and honest.. but i prefer if u put profit in pips not %.. just a thought good luck
thanks...:-)

there will be weekly updates of the amount where I stay, and if I will have time, I will count the pips too... but cannot promise, will do my best...:-)
  • #22
  • Apr 26, 2013 4:29am Apr 26, 2013 4:29am
Updates on AUDUSD shorts:

The first one is triggered too (from 1.0270), on the other one I moved stop to 1.0295 (BE+10), to reduce risk.



... and no more trades for the week...
  • #23
  • Apr 26, 2013 5:00am Apr 26, 2013 5:00am
You are very good!
Could you suggest what steps before you make decision open the order?

Thanks.
Smile, Breath, and Go slowly
  • #24
  • Apr 26, 2013 5:01am Apr 26, 2013 5:01am
Quoting uafx
{quote} Update: SL was moved to 152.50 this morning (Central European Time), and some minutes after it was hit, so: Trade No. 5 closed in about 10% profit.
As you opened this trade with a 90 pip SL and earned 10% from 60 pips, you must have initially risked 15%

You only stipulated 2 conditions of your trading in your first post and they were that you would risk 10% per trade and that you would only open 1 trade at a time.
Both those conditions have been abandoned already.
Things are going well for you at the moment, but your inability to stick to your plan may prove to be your undoing.
Be careful - it's a jungle out there
Please Do Not PM Me With Coding Enquiries
  • #25
  • Apr 26, 2013 5:15am Apr 26, 2013 5:15am
[quote=Gumrai;6639351]{quote} As you opened this trade with a 90 pip SL and earned 10% from 60 pips, you must have initially risked 15% You only stipulated 2 conditions of your trading in your first post and they were that you would risk 10% per trade


Hi Gumrai, hope you are good,,, and well spotted
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #26
  • Apr 26, 2013 6:21am Apr 26, 2013 6:21am
Quoting Gumrai
{quote} As you opened this trade with a 90 pip SL and earned 10% from 60 pips, you must have initially risked 15% You only stipulated 2 conditions of your trading in your first post and they were that you would risk 10% per trade and that you would only open 1 trade at a time. Both those conditions have been abandoned already. Things are going well for you at the moment, but your inability to stick to your plan may prove to be your undoing. Be careful - it's a jungle out there
Yes, sometimes I make a mistake in my math... sorry for that..:-)

And about open positions: I do my best to stick to my rule, to 1 open trade at a time (I maybe wasn't exact: 1 risk at a time which is at risk (SL is negative)). And yes, sometimes I break my rules, if I see good opportunities on not-so-correlated pairs at the same time...
Anyway, I try to avoid this, because this is one of my biggest mistake: I often overtrade myself... and I am too emotional, too... so I try to stay out of some popular threads, and make my decisions by myself...
  • #27
  • Apr 26, 2013 6:24am Apr 26, 2013 6:24am
Quoting KengLeobard
You are very good! Could you suggest what steps before you make decision open the order? Thanks.
Thanks, but I think I am far away from being very good... but this was a good start, I like it...:-)

I inspect daily (day end is New York close) and H4 charts, and try to spot good or better setups (reversals from S/R lines, trend continuation signals...)
  • #28
  • Apr 26, 2013 6:36am Apr 26, 2013 6:36am
Quoting uafx
{quote} Yes, sometimes I make a mistake in my math... sorry for that..:-) And about open positions: I do my best to stick to my rule, to 1 open trade at a time (I maybe wasn't exact: 1 risk at a time which is at risk (SL is negative)). And yes, sometimes I break my rules, if I see good opportunities on not-so-correlated pairs at the same time... Anyway, I try to avoid this, because this is one of my biggest mistake: I often overtrade myself... and I am too emotional, too... so I try to stay out of some popular threads, and make my decisions by myself...
Your first 2 trades, one at market, the other pending, placed within minutes of each other, were
Long EURUSD
Short USDCAD
If you think that these are not-so-correlated pairs, think again, both trades rely on USD weakness to be succesful
Please Do Not PM Me With Coding Enquiries
  • #29
  • Apr 26, 2013 6:47am Apr 26, 2013 6:47am
Quoting Gumrai
{quote} Your first 2 trades, one at market, the other pending, placed within minutes of each other, were Long EURUSD Short USDCAD If you think that these are not-so-correlated pairs, think again, both trades rely on USD weakness to be succesful
According to this:
http://www.forexticket.co.uk/en/tools/01-01-correlation
It looks like these 2 pairs are not-so-correlated... or I misunderstood something...:-)


and I think both signals you mentioned were valid...:-)
  • #30
  • Apr 26, 2013 7:20am Apr 26, 2013 7:20am
Quoting uafx
{quote} According to this: http://www.forexticket.co.uk/en/tools/01-01-correlation It looks like these 2 pairs are not-so-correlated... or I misunderstood something...:-) and I think both signals you mentioned were valid...:-)
No matter what a website tells you, common sense will shout at you that if you enter Long EURUSD and Short USDCAD you are shorting USD in both trades. Therefore yo need USD weakness to be succssful
Please Do Not PM Me With Coding Enquiries
  • #31
  • Apr 26, 2013 8:29am Apr 26, 2013 8:29am
Quoting rabjam
yup good stuff here seems legit and honest.. but i prefer if u put profit in pips not %.. just a thought good luck
Profit in Pips means nothing.

You can make 10% with 10 Pips TP
and you can make 10% with 200 Pips TP.

Only thing which matters is profit in % .

I never understood and never will understand traders who count Pips.
  • #32
  • Apr 26, 2013 10:23am Apr 26, 2013 10:23am
Quoting fxtr51
{quote} Profit in Pips means nothing. You can make 10% with 10 Pips TP and you can make 10% with 200 Pips TP. Only thing which matters is profit in % . I never understood and never will understand traders who count Pips.

profit in pips do mean something,, for instance my daughter when she trades always trades at £1 per pip, so when she says hey dad i just made 10 pips,, i know she made £10.. if she said hey dad i just made 20% i would have no idea how much she was speaking. lol she is 9 by the way. i am only saying not being nasty. be good
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #33
  • Apr 26, 2013 10:56am Apr 26, 2013 10:56am
Quoting billytt
{quote} profit in pips do mean something,, for instance my daughter when she trades always trades at £1 per pip, so when she says hey dad i just made 10 pips,, i know she made £10.. if she said hey dad i just made 20% i would have no idea how much she was speaking. lol she is 9 by the way. i am only saying not being nasty. be good
Strange.
Tell me who was "nasty" . You ?

I hope you understand that there is no contradiction in what I wrote and in what you wrote.
If not, think about it and be good, not nasty.
  • #34
  • Apr 26, 2013 11:12am Apr 26, 2013 11:12am
Quoting fxtr51
{quote} Strange. Tell me who was "nasty" . You ? I hope you understand that there is no contradiction in what I wrote and in what you wrote. If not, think about it and be good, not nasty.
lighten up buddy, i was not being nasty i was saying..I could quite easy say hey guys i made 10 % today,,,,,,10% of what??? everybody who knows me professionally know i trade in multiples of £10 on mondy progressing upwards, so to speak in pips they know how it is going.Have a good weekend and try not to stress, i was not being nasty
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #35
  • Apr 26, 2013 11:14am Apr 26, 2013 11:14am
after rereading your post, i did say i was replying to you regarding pips and i was replying in a positive way not trying to sound Bad/nasty, i hope you understand
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #36
  • Apr 26, 2013 11:20am Apr 26, 2013 11:20am
Quoting billytt
{quote} .I could quite easy say hey guys i made 10 % today,,,,,,10% of what???
Yes, that is the point.

Pips or percent only mean something in a known context ( equity, balance etc. ).

That was my point and your point.

Finally it has been made clear.

Nobody has been nasty, everybody is happy and smiles.
  • #37
  • Apr 26, 2013 11:25am Apr 26, 2013 11:25am
thankyou, we are all happy, be good
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38
  • Apr 26, 2013 11:47am Apr 26, 2013 11:47am
why is there no trade explorer?
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
  • #39
  • Apr 26, 2013 1:41pm Apr 26, 2013 1:41pm
Without a trade explorer this thread means really nothing.
Never Ever Give Up!
  • #40
  • Apr 26, 2013 3:26pm Apr 26, 2013 3:26pm
Quoting pemully
why is there no trade explorer?
because I don't want one...:-)

I really don't want to prove anything, this journal is just for myself to track my progress (if any...:-)). Feel free to ask, comment, I try to answer everything...
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