Pip Farming

Hey, ST65

Great results!
It is unusual to have so many trades go against, but that the markets,here to test out mettle every time. Hope you get some green pips out of them all!!

MT

thanks mytrader! sometimes it just happens like that...but we will see how it all turns out.

Luckily, I had a plan and knew what my risk was when I entered...So there is nothing left to do except let them play out...good, bad, or BE

Not a good day but sometimes they just happen like that. No individual trade bothers me it just sometimes doesn't work

On to the next one

Closed trades update

We had a lot of volatility in some of the pairs we were trading and were stopped out on several positions. Nothing we can do about that except move along to the next trade and be very happy that we limited our risk to 1.5 - 2.5% to keep things manageable

Current positions update

We will be holding 4 positions into the weekend and they have so far saved us from having a really ugly week.
We may add a couple more positions right as the close depending on how the markets look at 4:45 or so

As always, we have our trade management EA trailing the stop on all of our open positions

Well unfortunately we got stopped out of both of our AUD positions before the major moves.
On the good side, we still have 2 of our YEN positions that are doing well.

We look forward to what the rest of the week may bring

Many pips!

Well we have another day of possibilities Every day when we wake up, we are able to start with all sorts of possibilities to make money in these markets.
That is a great feeling in and of itself. Unfortunately, I have been going sideways for the last month with this account as I have been unable to gain any ground at all.

This is slightly off topic but I sit here in amazement at so many of these threads. We have people who want you to let them manage your money, yet they get mad and throw tantrums when they hold a position for a -50% DD and are questioned about it. We have people who want you to buy their signal service...but it is not profitable and they get mad when someone asks questions..... Amazing...they are trying to sell you something but get mad when you don't just pony up YOUR money without question.

Then we have the hucksters who are charging people money for teaching them to trade and the best that they can do is post charts several days after the fact and show how great their hindsight is....simply amazing....and they too get defensive and mad when people ask them to prove that what they are selling is worth anything or not

If you want to open a pay website or service...The path is very easy...PROVE that your methods make money FIRST over the course of several hundred trades...THEN you can start a service that people will be interested in...not Rocket Science

Sorry for the rant, but it is just bewildering the lengths that people will go to in order to grab OPM


Now on to the markets.....we are still holding the 2 YEN positions and we added a couple of Cable positions that are as of yet producing nothing.

We shall see whether we can get any positive momentum or just continue to tread water

Many Pips

ST65

ST65

Well we will see how the guys act going into the NY close....we have a couple of markets that are looking like a setup.

We will continue to hold all of the current positions

We are still holding the last couple of positions.....still no real direction right now for most markets, so we just sit and wait and take the signals as they come.

One thing to be learned here, when there is no real direction and your account is treading water waiting for the next breakout or trend you cannot force things. We must be patient and not try to push the market or make dumb trades out of boredom or our need for action. We want to preserve our capital so that we are in a good position when the next runner trade comes along.

This will save the average trader so much money over the course of their career.

Be smart, plan your trades and trade your plan

Many pips!

Still Holding the GBP/CAD and she is steady working for us little by little

Added a new short at the close yesterday on the NZD/CAD...we shall see

Also holding the EUR/GBP short


Plan your trades, Trade your plan

Many pips

Hello Everyone.....I am going to post some stuff here again...mostly out of need. With all of the stuff I am seeing on here...it is time for some no nonsense lets make some pips trading. The methods have evolved a little bit but not nite and day difference. I will be posting some swing trades here with entry / SL /TP info.
I find this is a good way to hold myself accountable to see if I stuck with the plan or did I go on a tangent and succumb to outside influences during the trade.
(Just a short note to my friends on here....I am finally back 100% from the open heart surgery and feeling good again...been a LONG 20 months )

I am short already the GBPJPY on the breakdown Friday:Entries @ 140.35 / 139.92 / 139.61 SL: 141.50 TP 136.50
I am also Short the EURUSD from 1.0562 SL: 1.0618 TP 1.0495

Swing Trade: GBPAUD Short @ 1.6201 SL: 1.6357 TP : 1.6045

We got stopped out of the EURUSD trade @ -60.

We are still in the short GBPJPY trade and it it starting to break down nicely now.

Still Short and holding this trade. Will tighten the stop if it does not start to break to the downside.

Looks like we may have a couple of new entries at the close today.

Well we got taken out of the GBPAUD short @ +157

We are still in the GBPJPY short

Nice trading ST

Thanks FOURX...hope things are good with you

Great thread ST65, I just decided to go through it and am happy to read about your strategy and advise. Definitely worth the read. Keep it up and thanks again for the knowledge you have been sharing!