"Just Oil"

Apr 29, 2011 at 16:28
48,939 Views
1,794 Replies
Member Since Jan 14, 2010   2299 posts
Oct 25, 2011 at 00:19
demo is up, getting ready for live trading. most probably next week. I am trying to adjust by trading Japan few hours and then 3 hours after Londfon open. have not traded London open yet as the room is occupied by guests...
Member Since Jan 14, 2010   556 posts
Oct 25, 2011 at 15:14

   Chikot posted:
   demo is up, getting ready for live trading. most probably next week. I am trying to adjust by trading Japan few hours and then 3 hours after Londfon open. have not traded London open yet as the room is occupied by guests...

Looking forward to it! 😄
Member Since Jan 14, 2010   2299 posts
Oct 26, 2011 at 16:08
😄Yeah, me too


   James_Bond posted:
   

   Chikot posted:
   demo is up, getting ready for live trading. most probably next week. I am trying to adjust by trading Japan few hours and then 3 hours after Londfon open. have not traded London open yet as the room is occupied by guests...

Looking forward to it! 😄
Member Since Jan 14, 2010   2299 posts
Oct 30, 2011 at 01:36
going to start trading live again soon. have connected live account to myfxbook in here. the old one for reminding purposes is not removed.
Most probably I will only trade live from 3:00 a.m. to 6:00 p.m. London open and will demo trade japan open as long as i can before going to bed until I develop a plan.
Member Since Jan 14, 2010   2299 posts
Oct 31, 2011 at 13:59
Tomorrow going live again. had good trading tonight.
Member Since Oct 03, 2011   1 posts
Oct 31, 2011 at 19:16
good luck chilkoot
maqeel70@
walker36
forex_trader_36599
Member Since May 13, 2011   1341 posts
Oct 31, 2011 at 19:47
good luck man!😉
Member Since Jan 14, 2010   2299 posts
Oct 31, 2011 at 21:44
Thanks guys. Schedule is tight. will try to do my best. If I can make it work on 3 hours daily trading schedule it will mean something.
Member Since Jan 14, 2010   2299 posts
Nov 02, 2011 at 14:45
So far I only trade PA on candlesticks and s/r lines. not such exact plan exists as it was in summer for later hours.
Yesterday first trade and another trade were winners that turned BE and then I made a series of mistakes. so, it appeared I was getting nothing or losses. I am aiming at 30 pips per trade now with similar stop loss.

need to improve my hit rate to move account up.
Member Since Jan 14, 2010   2299 posts
Nov 02, 2011 at 14:54
I am getting up at 2:30 a.m. and trade till 6:00 a.m. and I am ready to enter trade anytime at this period and leave it running with stop and take profit as I already did yesterday. turned loser but today demo short trade was a winner.
I stop trading once I have +30 pips.
Member Since Jan 14, 2010   2299 posts
Nov 04, 2011 at 16:39
Was not around to move stop loss and lost my break out trade. I sense that price was run down only to get more orders at better price and went long after the break of weekly open. I am risking around 2% or slightly more than 100 pips and looking to get 2-3 R:R if market does what i think is a good probability. Price was not going down. I am thinking of how to adjust to my schedule and will try to swing trade although I have never done it. will probably start trading E/U but as day trader.
Member Since Jan 14, 2010   2299 posts
Nov 04, 2011 at 16:41
I will nail this sucker. Will adjust and start making money again. I am not quitting.
Member Since Jan 14, 2010   2299 posts
Nov 04, 2011 at 20:57
currently + 90 pips. about same as I lost on my previous long trade. I will stay over the weekend.
I sense break out will happen.
Member Since Nov 18, 2009   735 posts
Nov 06, 2011 at 22:16
Chikot brother, have you tried using USDCAD for confirmation? Some say it's very much correlated to oil. I don't know, for me both just seem to be jumping up and down like a bad girl's panties on a busy night. Oil .. a mystery to me. Anyways take a deep breath, step back from the hot screen and let things cool down. Maybe miss a few days, the best ideas always come when you're offline. And put on some music ... here is one of my fave spirit lifters ... dupp-dupp-dudupp ...





Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform.
Member Since Jan 14, 2010   2299 posts
Nov 06, 2011 at 22:56
LOL, Speki, buddy where have you been ?
Long time not see!
I actually always hated this pair and have not watched it for a very long time only checking rates on Universal Currency converter.
However I thing that price action has been higher highs and and markets look pretty bullish. My thinking is that price is going to 9test $100 or at least 99 so I am long. My last trade lost cause I was away and could not move stop. My opinion has not changed and I entered long after seeing during break reversal and the break of weekly open to long side.
I know that I can day trade when I have enough time in front of PC but I do not have it and I am not sure I can hence I am looking for solution and I am sure I will find it.
I love the music.
Market will open in 5 minutes and I am waiting for gap up.
Will move stop to BE and watch if it breaks or not. May be will take a prtial profit although I do not like it.
I will see.
I am pretty sure I will make it.


   speki posted:
   Chikot brother, have you tried using USDCAD for confirmation? Some say it's very much correlated to oil. I don't know, for me both just seem to be jumping up and down like a bad girl's panties on a busy night. Oil .. a mystery to me. Anyways take a deep breath, step back from the hot screen and let things cool down. Maybe miss a few days, the best ideas always come when you're offline. And put on some music ... here is one of my fave spirit lifters ... dupp-dupp-dudupp ...






Member Since Jan 14, 2010   2299 posts
Nov 06, 2011 at 23:05
Moved stop to BE and closed half position for 105 pip.
Member Since Jan 14, 2010   2299 posts
Nov 07, 2011 at 14:37
short GBP/CAD.
Member Since Jan 14, 2010   2299 posts
Nov 07, 2011 at 14:39
if it goes my way will be trailing it. looking at a couple more opportunities. Oil unfortunately got stopped but overall I believe I was right. Just was not in front of PC to open long trade when there was signal from $94.00.
walker36
forex_trader_36599
Member Since May 13, 2011   1341 posts
Nov 07, 2011 at 18:09
Chikot I am currently coding nominal exit strategy for TREND EA. the most difficoult point is where to exit when trade in profit. I understand what you feeling and facing with. I will test some different strategies and find the optimal one. the exit when in profit is the most difficoult and most important desecion.

Member Since Jan 14, 2010   2299 posts
Nov 07, 2011 at 22:40
Hi Steve, yes, taking profits is crucial for long term profitability. Agree with you on this. I think that there should be 2 kinds of trades along with trend and contra trend. Contra trend profit taking should be at nearest S/R area, while along the trend trades some sort of trailing should be used.
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