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"Just Oil"

Chikot
Dec 19 2012 at 10:19
2299 posts
ok, let's see how far it will go. had not I made mistakes, lot's of them, I would have been well in profit by now. Learning curve. Anyway, working to improve my trading. eur/aud was giving really confusing signals in both direction until i finally went long. should have moved stop on gbp/nzd to be too. i think 2013 will be better as I will pay attention to past mistakes.

Chikot
Dec 19 2012 at 12:57
2299 posts
I am sensing there might be a hell of a up day.

saeedrehman (saeedrehman)
Dec 19 2012 at 16:01
152 posts
oil price projection was posted in my page.
look at the picture.

for another pairs price projection you can visit
https://www.myfxbook.com/community/experienced-traders/who-is-guru/396083,15

Attachments:


Chikot
Dec 19 2012 at 17:27
2299 posts
Yeah, looks probably. If 90.00 breaks look for 91-93:00 area ut it is such a thing it also can break levels like knife through butter. in any case. be careful. cut loss do not let it run. This thing ain't FX. tend to have very violent moves. The best way to trade is to look for break out failures with tight stops. especially when it is ranging.,..

Chikot
Dec 19 2012 at 17:31
2299 posts
just came back, so, huge retracement. I expected it but not today. was even thinking of taking half positions if had some 300 pips on e/u and may be on some other pairs. ok, will do nothing. all stopped moved locked a bit of profit. very little so far as there is nothing to lock. eur/nzd and gbp/nzd offcialy in triangles and eur/aud too but there is some space to upper border. we have not reached it.
I had to restrain myself from closing trades. been 14-15% in floating profit. but if I close and it will move into major trend.... it would be really bad. I will let things to play out. will close manually only if price stucks somewhere, make huge over sized daily candle or will get close signal form ma's.

Chikot
Dec 19 2012 at 17:33
2299 posts
Missing Jpy trend form the signal place is a very painful lesson. I am constantly thinking of it and hence stopped looking for perfect entries. the most important not to miss.

Chikot
Dec 19 2012 at 23:34
2299 posts
ok, I decided to stop trading this account. Looks like I will have to take partial profits. Just too many times I have been in a lot of %/ pips and turned zero while taking losses and also mistakes which I will try to avoid. Looks like it could have been same today. so, i am opening new account and moving funds there. will connect it to myfxbook and leave demo and current live account as examples of learning curve.
I closed all trades.

Chikot
Dec 22 2012 at 15:55
2299 posts
ok, I have gone through my trading for the past 6 months. I have got some idea about what I was doing wrong. Actually when it comers to entering trades I was doing much better on demo than on live. I think I was managing trades better on demo too.
Not taking profits put me in DD which is not acceptable. i am going to either lock or take partial profits. Auc/Cad entry in my opinion was faulty as there is no confirmation yet. i tended to enter too early many times. Trades are either speculative for which this one was too late or trend trades for which this one was too early. Aud/Usd trade also was too early. I will not enter this way again. It will be interesting to see how things will go for another 6 months.

Chikot
Jan 04 2013 at 17:10
2299 posts
closed e/u short. it was speculative entry, so what a heck, decided to take some profit. now signal might be coming so I might reenter next week. few more trades are coming. trying to get some piece from jpy down trend.
a/u looked good in the morning but not now. if ma's cross against me before stop hit I will close.
still some current entries are speculative but because of price action and they are on the verge of signals of trend change.

Chikot
Jan 04 2013 at 20:20
2299 posts
Just noticed that I connected new account but did not make it public. here it is. it is public now.

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