It's funny you guys mention this. I've decided to close my UC and UJ on a good note. I know the potential profits are there, but I want to save some more bullets as these pairs have put me in good profits for today. I will still keep EU open as it is still in consolidation area. Looks like possible whiplash for tomorrows down move in which case a nice few limit orders set at 25 pips apart on the top end would be nice for the run :-). I also have GJ open (my biggest baddest). Today, the pair moved to my BE point and into slight profit. Going to see what happens. Not sure if the asian session will bring it back down or not. In which case, I could load more at an even lower price.
Total made today considering 0.01lots per trade is:
+315UC(5 trades) + 114 UJ1 (10 trades) + 295 UJ2 (5 trades) = +724 pips (20 trades) or 20 x 36pip/trade closed!
My current open trades:
Floating P/L: +197EU(5 trades) + 1008GJ(18 trades) = +1205 pips (23 trades) or 23 x 52pip/trade floating!
Made a lot of mistakes since the 21st. Gained some, loss some. Mostly figuring out DD, number of scouts, how many pairs to trade, etc.
Now, here are my current results since July 22nd:
+2.4% (closed trades)
+2% (floating)
So as of now +4.2% (~2000 pips) after a week and a half. And this is not maximum potential as many of the more experienced traders here rack this amount or more in a single pair. Still figuring out if it fits my taste, but definitely starting to see potential. The key is to first get it right (which side the MMs are on), and then wait patiently while building consistently with them (while checking if they are still Bulls or Bears to figure what they are doing).
Still contemplating on closing the trades before tomorrow. Thoughts anyone? With PVSRA, we should be able to push through these news events... right? At any rate, I've opened up more margin and bullets for tomorrow just in case.
Total made today considering 0.01lots per trade is:
+315UC(5 trades) + 114 UJ1 (10 trades) + 295 UJ2 (5 trades) = +724 pips (20 trades) or 20 x 36pip/trade closed!
My current open trades:
Floating P/L: +197EU(5 trades) + 1008GJ(18 trades) = +1205 pips (23 trades) or 23 x 52pip/trade floating!
Made a lot of mistakes since the 21st. Gained some, loss some. Mostly figuring out DD, number of scouts, how many pairs to trade, etc.
Now, here are my current results since July 22nd:
+2.4% (closed trades)
+2% (floating)
So as of now +4.2% (~2000 pips) after a week and a half. And this is not maximum potential as many of the more experienced traders here rack this amount or more in a single pair. Still figuring out if it fits my taste, but definitely starting to see potential. The key is to first get it right (which side the MMs are on), and then wait patiently while building consistently with them (while checking if they are still Bulls or Bears to figure what they are doing).
Still contemplating on closing the trades before tomorrow. Thoughts anyone? With PVSRA, we should be able to push through these news events... right? At any rate, I've opened up more margin and bullets for tomorrow just in case.
insanity: Doing the same thing over... and expecting different results -AE
Regards, H. {image}
I still wait for better price.
A big SL hunting.
While I am certain this will get lost quickly in this hugely successful thread, it is worth noting something many seem to be overlooking about TAH's methods. If you would read his document as he sternly expects any serious trader to do, you would understand there is NO chance for margin call. You must not simply load your whole account toward the expected run, but wait for strong moves to give you the best prices towards that run- yes even...
