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Don't do what Donny Don't does

  • #41
  • Jan 15, 2017 4:14pm Jan 15, 2017 4:14pm
So a monster gap of the weekend due to BREXIT talks.

Unfortunately i was stopped out earlier for +0.35%

would be up + 7% if i was still in. My strategy often takes lots of small wins and losses and a few BIG wins which just have to wait patiently for.
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  • #42
  • Jan 17, 2017 4:15am Jan 17, 2017 4:15am
Retail was still 65% long on USD CAD so i found another entry for a short. closed out for +1.4%
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  • #43
  • Jan 17, 2017 4:48am Jan 17, 2017 4:48am
retail still 60% short on EUR GBP, so ive got a buy stop above 8850, this one has plenty of room to move without much resistance until 9050.
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  • #44
  • Jan 17, 2017 9:47am Jan 17, 2017 9:47am
today is a great example of why SL's should be used, kept tight and moved to BE quickly. May UK comments and Trump tweets

keep it up stoiter.
  • #45
  • Jan 17, 2017 2:53pm Jan 17, 2017 2:53pm
Quoting kraven
today is a great example of why SL's should be used, kept tight and moved to BE quickly. May UK comments and Trump tweets keep it up stoiter.
haha yes and no..

In this case and several others this year Ive been too quick to move my stop which has cost me roughly 30%

This happenned before I went to bed. I think I actually lost sleep over a forex trade for once.
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  • #46
  • Jan 17, 2017 4:53pm Jan 17, 2017 4:53pm
So NZDUSD is nearing 60% short on retail. Ill be looking for a break of 7250 with lots of room up to 7400
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  • #47
  • Jan 17, 2017 5:05pm Jan 17, 2017 5:05pm
Nice breakout setup on EURUSD, plenty of space to move up to 1.0800

SL 30, risk 1%
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  • #48
  • Jan 17, 2017 5:17pm Jan 17, 2017 5:17pm
GBP JPY straddle breakout. I like the look both directions. Either way has plenty of room to move.

35SL 1%
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  • #49
  • Jan 17, 2017 7:19pm Jan 17, 2017 7:19pm
Quoting stoiter
{quote} haha yes and no.. In this case and several others this year Ive been too quick to move my stop which has cost me roughly 30% This happenned before I went to bed. I think I actually lost sleep over a forex trade for once. {image}
traders always look at the negative. think of how many thousands of pips down or dozens of loosing trades open with no SL. So you got stopped out early on a few trades, no harm no foul., another trade tomorrow.
  • #50
  • Jan 17, 2017 8:43pm Jan 17, 2017 8:43pm
Quoting kraven
{quote} traders always look at the negative. think of how many thousands of pips down or dozens of loosing trades open with no SL. So you got stopped out early on a few trades, no harm no foul., another trade tomorrow.
I agree %100.. I always use SL and risk less 1% or less. I think if profit is the goal than sometimes it could be more profitable to let some trades run abit more than others.
  • #51
  • Jan 17, 2017 8:49pm Jan 17, 2017 8:49pm
EURGBP still +60% on retail positioning. nice 4H bullish engulfing closed past the round number. could be a clear run back to 8750.
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  • #52
  • Jan 25, 2017 3:59am Jan 25, 2017 3:59am
quick update.

We moved house over the weekend and I still dont have internet setup. I have mobile trading but it isnt really conducive to posting charts on FF.
  • #53
  • Last Post: Feb 3, 2017 12:21pm Feb 3, 2017 12:21pm
dunno if you're still using this stratey, but this website: http://shark-fx.com/tools/
should give you a much clearer and detailed view of Oanda (and other) order book.

cheers
i lose money for a living
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