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Member Since Jan 14, 2010 2186 posts
Chikot
Aug 10 2012 at 06:07
Looks like news from China are hurting aud and nzd. moved stops to under BE on both pairs related. and couple of other trads on the verge of closing. might be more opportunities around the corner.
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Member Since Jan 02, 2012 43 posts
minosd777
Aug 10 2012 at 11:22
yes i am watching aud/jen for a break of the 82.30 level, i think aud can go back to 1.0420, it's also interesting to see how eur/aud is trading near resistance line
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Member Since Jan 14, 2010 2186 posts
Chikot
Aug 10 2012 at 12:44
yes, potential is big on this pair. I have moved stop to be, but cross fingers it finally really can break up. China news were bad for Aud.
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Member Since Jan 14, 2010 2186 posts
Chikot
Aug 10 2012 at 12:44
I think aud is weakening.
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Member Since Jan 14, 2010 2186 posts
Chikot
Aug 10 2012 at 13:03
 been 7 hours in this trade, BE stop got missed by 1.5 pips. took half at 30 pips and the rest got taken out at 15 pips my original risk. i was thinking it was going to at least mid point between s1 and s2. Attachments:
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Member Since Jan 14, 2010 2186 posts
Chikot
Aug 10 2012 at 13:04
I would say conditions are not for newbies to trade. hours spent to get just few pips. in 2008-2010 it would garner 100 pips.
I also wonder how anybody can trade form 1 min now. I think it might cause permanent insanity. |
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Member Since Jan 14, 2010 2186 posts
Chikot
Aug 14 2012 at 14:10
yesterday: all break even trades  today: 2 winners 1:1 both up and down and 1 5 pips loser in the beginning. got stopped on my short by spike then it moved to my target. I tend to stop trading by 6:30 a.m.  Attachments:
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Member Since Jan 14, 2010 2186 posts
Chikot
Aug 15 2012 at 14:58
Had messy night. 1 BE, few 4-5 pips losses and 1 full size loser and finally caught a big short made up for losers and added some.
PA was very messy. i was bullish most of the time. The problem was that I am trading form pivots and today daily, weekly and monthly pivots are within 20 pips from each other. no wonder PA was so messy until the last moment.  Attachments:
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Member Since Jan 02, 2012 43 posts
minosd777
Aug 15 2012 at 15:09
(edited Aug 15 2012 at 15:09 )
These are difficult conditions to trade!! This month may be the worst month I ever saw in PA. I think it's better to stay at the sidelines and only trade the big opportunities and wait for september, the problem is that i leave on vacation that month! Terrible!! :D
As you can see I made some small losses in August, averaging a loss of 0.4% so that's still acceptable, I will be looking for pairs with a very strong trend to take some big positions, i want to make some percentages, maybe I will even risk 1% on a trade |
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Member Since Jan 14, 2010 2186 posts
Chikot
Aug 15 2012 at 17:06
Yes, it is whipsaw. Got bad luck to start trading beginning of July but gotta start some time. The thing is I am trying to get on trend in the beginning the moment i have signal, so I have to take signals. I did not take a number of signals before still on demo resulting in missing few big trends. Now let's imagine I get few big runners with r:r 5/1- to 1 of risk and it is pretty possible. pips wise, gbp/aud and eur/aud trades would bring 8:1 and 10:1 r:r. and I did not take aud/chf long and few others. so, the picture is clear. few such trades can make a lot of % and I have to take all signals whether bad or good time cause I have no idea when trend starts. but I can assure, once trends start I will ride them.
You are looking for established trends but I cannot afford to miss ones, i need to take all signals. ia m going on vacation in September too but will be entering trades even during vacation. no way I can miss trends. |
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