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Never give up - From SGD 1000 to financial freedom

  • #1,661
  • Jul 19, 2016 1:01am Jul 19, 2016 1:01am
My stop 139.96. In case shit happens.
  • #1,662
  • Jul 19, 2016 1:06am Jul 19, 2016 1:06am
New stop 140.091. Tight

Edit:*** I'll show my chart later. It's a breakout play so can tighten stop. Small loss bigger reward. Yeah?
  • #1,663
  • Jul 19, 2016 1:12am Jul 19, 2016 1:12am
Quoting maflip
New stop 140.091. Tight Edit:*** I'll show my chart later. It's a breakout play so can tighten stop. Small loss bigger reward. Yeah?
I'm out didn't work out. It's GJ when it breaks out it runs for hundreds of pips without looking back. So OUT.
  • #1,664
  • Jul 19, 2016 1:17am Jul 19, 2016 1:17am
Quoting maflip
{quote} I'm out didn't work out. It's GJ when it breaks out it runs for hundreds of pips without looking back. So OUT.
Breaking down. That is why... Seems a fake break out.

Edit: *** Taking a loss like a pro.
  • #1,665
  • Jul 19, 2016 1:22am Jul 19, 2016 1:22am
Result: -20 + 20 at stop and reverse.
Attached Image (click to enlarge)
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  • #1,666
  • Jul 19, 2016 1:29am Jul 19, 2016 1:29am
got a sell on the pivot system, reversed from buy
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  • #1,667
  • Edited 5:07am Jul 19, 2016 4:50am | Edited 5:07am
Quoting edmun1388
ya , I am test strategy , 9/10 trade with +>25 pips , but because of test indicator and observer & try catch good exit , all trade come final +5 to +15 only , real bad . * now is long * I am now mq4 my brain to indi lolz .. hard job {image} now max pips >30 pips , but what the best exit ??
Hi edmun, I dont know if it helps you but a good strategy is close half of your position when you think the price will reverse, that way with can manage better your exits because you have already won a part.

A good example is when you use this to break even your trade. Imagine you set a SL of 10 pips, your trade is now winning 10 pips so you close half of your position, suddenly the market reverse and are going down, on a normal situation you close your trade with 0 pips (break even), no win and no loss, its ok. But this time you had closed half of your position so you can let your trade run until it reach your SL, fortunately that was just a pull back and your SL wasn't hit, you are still in the game and winning money because the market is going up!
  • #1,668
  • Jul 19, 2016 5:05am Jul 19, 2016 5:05am
Quoting Manel9530
{quote} Hi edmund, I dont know if it helps you but a good strategy is close half of your position when you think the price will reverse, that way with can manage better your exits because you have already won a part. A good example is when you use this to break even your trade. Imagine you set a SL of 10 pips, your trade is now winning 10 pips so you close half of your position, suddenly the market reverse and are going down, on a normal situation you close your trade with 0 pips (break even), no win and no loss, its ok. But this time you had closed...
thx advice. will try later.
Exits == most important part of your strategy
  • #1,669
  • Jul 19, 2016 7:04am Jul 19, 2016 7:04am
GU

H&S pattern. Not yet confirmed.
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  • #1,670
  • Jul 19, 2016 7:06am Jul 19, 2016 7:06am
Market is really terrible today.
  • #1,671
  • Jul 19, 2016 7:06am Jul 19, 2016 7:06am
Quoting Pip-Miner
got a sell on the pivot system, reversed from buy {image}
Me too. Broke my bull flag neckline
  • #1,672
  • Jul 19, 2016 8:19am Jul 19, 2016 8:19am
If M30 bar close above previous bar , long will trigger .[ and previous M30 bar low become stop loss level.
bear win now , and bull try hard to push up .
Exits == most important part of your strategy
  • #1,673
  • Jul 19, 2016 8:29am Jul 19, 2016 8:29am
Quoting edmun1388
If M30 bar close above previous bar , long will trigger .[ and previous M30 bar low become stop loss level. bear win now , and bull try hard to push up .
ok bull run
stop loss : 139.479 , take own risk .[ adjust accordingly . if bear win , close long fast.]
* price now still as below dragon bottom ,
** really !@#$%%^ if no trend again , my long from 139.792.
Exits == most important part of your strategy
  • #1,674
  • Jul 19, 2016 8:41am Jul 19, 2016 8:41am
Quoting edmun1388
{quote} ok bull run stop loss : 139.479 , take own risk .[ adjust accordingly . if bear win , close long fast.] * price now still as below dragon bottom , ** really !@#$%%^ if no trend again , my long from 139.792.
I know bro. Frekkin GJ is terible right now. Wait 8am pst that's when they usually make big moves.
  • #1,675
  • Jul 19, 2016 8:42am Jul 19, 2016 8:42am
I give up , -10 , bad day , nontrend
Exits == most important part of your strategy
  • #1,676
  • Jul 19, 2016 8:49am Jul 19, 2016 8:49am
I'm trading GU got nice trend already. May go back down again.
  • #1,677
  • Jul 19, 2016 10:40am Jul 19, 2016 10:40am
im now out of my GU short. i dont care for the way it went down. it didnt seem impulsive to me. my count still has this going much further down but its feeling corrective more than impulsive so IMO it should have shot down and not played games much like it did on the 15th especially if you take a look at the move the dxy made over night you can see why i feel that way.

AU is moving much cleaner at the present time and i might just short it for the last remaining points in the current swing. I dont know if its alt he conflicting news from the uk but it seems as though people are hesitant for some reason to lower the hammer on it.

That said, im actually thinking the GU wave 1 of 3 might be done if not now then soon...looking for GJ out of the consolidation is what im doing
Attached Image (click to enlarge)
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  • #1,678
  • Jul 19, 2016 11:18am Jul 19, 2016 11:18am
Quoting raiders
im now out of my GU short. i dont care for the way it went down. it didnt seem impulsive to me. my count still has this going much further down but its feeling corrective more than impulsive so IMO it should have shot down and not played games much like it did on the 15th especially if you take a look at the move the dxy made over night you can see why i feel that way. AU is moving much cleaner at the present time and i might just short it for the last remaining points in the current swing. I dont know if its alt he conflicting news from...
GJ is heading south now. 139.50 support is broken already.
  • #1,679
  • Jul 19, 2016 11:19am Jul 19, 2016 11:19am
Quoting edmun1388
I give up , -10 , bad day , nontrend
Trend down now. Probably will last till NY close market.
  • #1,680
  • Edited 3:16pm Jul 19, 2016 12:31pm | Edited 3:16pm
Quoting goldgirl
{quote} GJ is heading south now. 139.50 support is broken already.
Yea...i think/hope it just consolidates here under the trendline so i can short a clean break. Ive got 132.4 as the extension though who knows


edit...trying to count it out. ill post a chart of what i think is there. I dont like the 132.4 target at the moment
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