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My way to €100,000

  • #41
  • May 12, 2013 5:10pm May 12, 2013 5:10pm
Shorted GBPUSD at 1.53447. SL 1.59820. TP open so far.
  • #42
  • May 13, 2013 5:06pm May 13, 2013 5:06pm
Thought GBPUSD would drop much more. So I basically closed it because of that reason. It might drop more but I dont see the same value anymore...That week behaviour at a critical point makes me ill.
+38.7 pips anyway.
  • #43
  • Edited 10:35pm May 13, 2013 5:24pm | Edited 10:35pm
Bought EURUSD at 1.29910. SL 1.2863. TP 1.30800 Risk around 1.5%

LoL. That went fast +32.6 pips in 5 min. Closed it and waiting for a retrace. Or I will leave the pair.
  • #44
  • Edited May 14, 2013 2:34am May 13, 2013 7:03pm | Edited May 14, 2013 2:34am
Short NZDJPY at 84.09. Risk 1.5%. But what I see is great risk reward. And that´s what is important. I put a SL 78 pips up. No TP set.

Edit: Took Tp at +13 pips.
  • #45
  • Edited 5:36pm May 14, 2013 11:34am | Edited 5:36pm
Entered EURNZD at 1.5721. It´s breaking up. I dont see the reason why it should go down to the bottom support again. It has good potential to break up few hundred pips. Not sure where I will close it yet.

Closed +27pips.
Reason: thought it would break up more which it did and then retraced back to a bad position. Still looks bullish but I´m not interested in 50/50 orders.
  • #46
  • May 14, 2013 6:08pm May 14, 2013 6:08pm
NZDUSD SELL @ 0.8212
I have put a warning message 90 pips up. Hopefully this one goes down huge today
Looking for lots of pips as usual. And will decide in 24h if it´s worth keeping it open or not.
  • #47
  • May 14, 2013 6:19pm May 14, 2013 6:19pm
Great log, what do you think it's the signal that it will break further down?
Amazing results. I tried joining your website but it has a login sign.
  • #48
  • May 14, 2013 6:32pm May 14, 2013 6:32pm
Quoting vgomezp
Great log, what do you think it's the signal that it will break further down? Amazing results. I tried joining your website but it has a login sign.
yepp I think it will break down further. If it doesnt break down more I put warning at 90 pips up at my entry level to change the order some.

I would say 500 pips SL. Let TP be open. Its good risk reward in this order. Even if it doesnt go down. It was a good order.

Regarding the website: I have been to lazy updating there. This place is better. Might gonna update website during the weekend.
  • #49
  • May 14, 2013 6:41pm May 14, 2013 6:41pm
Ok thank you.
Do you have any recommendation for a new trader? 2 months trading overall PL 0.
I have good technical analisys but lacking fundamental.

I would be glad if you can give some advice!
Thanks in advance...
  • #50
  • May 14, 2013 6:47pm May 14, 2013 6:47pm
Dude, I think you are onto something. From what I can tell, your style is pretty much 'naked'. Just candlesticks, maybe a moving average or two, but mostly raw price action. That is how I trade as well although I have problems adhering to stops and that has been my biggest downfall. Whatever it is, may all your pips be green irrespective of the market direction!
The price will go where it has to go.
  • #51
  • Edited 7:44pm May 14, 2013 7:24pm | Edited 7:44pm
Quoting vgomezp
Ok thank you. Do you have any recommendation for a new trader? 2 months trading overall PL 0. I have good technical analisys but lacking fundamental. I would be glad if you can give some advice! Thanks in advance...
My tip:
Start trading demo and try to figure out why you are loosing and winning. Took me 1.5 year to come up with my system and an another 6 months to manage it.
  • #52
  • May 14, 2013 7:40pm May 14, 2013 7:40pm
Quoting mitrapips
Dude, I think you are onto something. From what I can tell, your style is pretty much 'naked'. Just candlesticks, maybe a moving average or two, but mostly raw price action. That is how I trade as well although I have problems adhering to stops and that has been my biggest downfall. Whatever it is, may all your pips be green irrespective of the market direction!
Thats my style. And I´m agressive aswell. Keep that in mind. I have a job. I can afford to loose. And I want out of my job fast. I´m not interested in spending 40 years slaving for someone else.
  • #53
  • May 14, 2013 7:57pm May 14, 2013 7:57pm
I know you will (or will not) reveal your system in due time but your stop loss - isn't that too wide? As you say you are aggressive as well, that might lead to tremendous drawdown. I suspect you have an extremely high win ratio. Otherwise it would have been nearly impossible to save your skin with that kind of a stop loss.
The price will go where it has to go.
  • #54
  • May 14, 2013 8:37pm May 14, 2013 8:37pm
Quoting mitrapips
I know you will (or will not) reveal your system in due time but your stop loss - isn't that too wide? As you say you are aggressive as well, that might lead to tremendous drawdown. I suspect you have an extremely high win ratio. Otherwise it would have been nearly impossible to save your skin with that kind of a stop loss.
mitrapips: I´m not going all in. Just because it is a 500 SL I can still set it as a 100€ loss on 500 pips. I have a high SL because I trade long periods. But if it will hit my "90 pips against me warning" then I will make changes. But when this pair is up 500 I´m not interested in it anymore.

I can change so I loose 50€ on 500 pips aswell. It´s the money that counts. Not the amount of pips.
  • #55
  • May 14, 2013 8:44pm May 14, 2013 8:44pm
I dont think it will go 500 pips up. Therefor I have a SL 500 pips. But I will make changes if it goes up. And I´m looking for few hundreds in TP. Im not going all in.
  • #56
  • May 14, 2013 8:55pm May 14, 2013 8:55pm
I see. So you have a sort of a variable stop loss depending on price action. Actually I am asking you this because I have been burnt many times by having a variable stop loss like this. Because if you would have let the price move against you for that long you would have to bet extremely small lot size, given your account size. But a 1000% return in 11 weeks cannot be achieved by betting a small fraction of your capital. I think you have to bet at least a lot or more for that kind of return on such a small account. Great going pal, keep it up!
The price will go where it has to go.
  • #57
  • Edited 5:56pm May 15, 2013 5:22pm | Edited 5:56pm
Quoting mitrapips
I see. So you have a sort of a variable stop loss depending on price action. Actually I am asking you this because I have been burnt many times by having a variable stop loss like this. Because if you would have let the price move against you for that long you would have to bet extremely small lot size, given your account size. But a 1000% return in 11 weeks cannot be achieved by betting a small fraction of your capital. I think you have to bet at least a lot or more for that kind of return on such a small account. Great going pal, keep it...
thats correct. I went in pretty heavy on this one. But it didnt break. Therefor I will scalp with adding longs to it. I will take a loss on this now. But I still see it was a good trade with great risk reward.

-44 pips on the NZDUSD. But still have one very small short.
  • #58
  • Edited 9:17pm May 15, 2013 5:55pm | Edited 9:17pm
SELL EURUSD @ 1.28810. Would not be surprised if it goes up huge today. But if it goes down the outlook for EURUSD will be bearish for weeks what I think Risk reward is good. Thats the important. Can it please stay down if it actually goes down. I want to see a big knock out!
  • #59
  • Edited 7:16pm May 15, 2013 6:03pm | Edited 7:16pm
SELL EURSEK @ 8.58828 scalp order with low risk. Knock it down please.
  • #60
  • May 15, 2013 6:24pm May 15, 2013 6:24pm
That´s it for today. See u in 24h.
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