"Just Oil"

I think adding after the signal and first entry would increase my risk. on the other hand if any of speculative trades turns into real signal, there might be profit taken and more added per signal as if previous entry did not exists. I am watching. have got quite a few speculative trades.

5% + unrealized. what if it will move in my direction further. cross fingers.

My experience tells me that the market can move in both direction immediately after the news, it's better to wait one hour to let the big boys determine what the real impact of 'the decisions' will be, if there is any trend comming out of that I will be happy to ride the trend but with tight SL and small position. My week has been good, yours too, no need to take unnecessary risks

I know I know but then the whole trend can be missed. once train left the station I am not watching that pair until another ema's cross.
I closed a couple of trades by mistakes especially my eur/aud short. it is about 800 pips by now had I stayed. the risk I take on each trade is relatively small.
In any case I will be trying to get on the trend if trend changes. whipsaws are inevitable. but If i start closing trades lkike this I will miss good trends. 1 good trend might mean 3:1 to 6:1 R:R

set some TP and going to walk a baby for an hour. let's see. about 7% floating unrealized.

The rate cut had a bigger impact than I anticipated..I could have made a lot more if I kept my positions open, but no regrets :)

The EUR/$ looks very weak now, the trend is in place:

1. A rate cut is always negative for a currency
2. The Italian 10-year yield is back above 6%, this will weigh on the pair
3. another rate cut in China
4. Continued bad economic news out of Europe

Taking all this together I don't see how the pair can rise, I expect at least a test of the pervious low of januari at 1.2280, below that there is not much resistance until the midpoint of the all-time range at 1.2130 and the low of may 2010 at 1.1880. So we may be in for a big move! I started to open a few short positions around 1.2380, I will add if it goes my way and I want to ride this trend for a while, stops at 1.2460.

closed half position on e/u for 250 pips., think too early , but ok. it is almost double what i risked. target was 280 pips. gbp/usd is closing to my profit taking target. will be interesting to see how things will work. 7+% floating. if I am really right that will be a kill.

   minosd777 posted:
   The rate cut had a bigger impact than I anticipated..I could have made a lot more if I kept my positions open, but no regrets :)

The EUR/$ looks very weak now, the trend is in place:

1. A rate cut is always negative for a currency
2. The Italian 10-year yield is back above 6%, this will weigh on the pair
3. another rate cut in China
4. Continued bad economic news out of Europe

Taking all this together I don't see how the pair can rise, I expect at least a test of the pervious low of januari at 1.2280, below that there is not much resistance until the midpoint of the all-time range at 1.2130 and the low of may 2010 at 1.1880. So we may be in for a big move! I started to open a few short positions around 1.2380, I will add if it goes my way and I want to ride this trend for a while, stops at 1.2460.

I simply think that probabilistically speaking it is a toss. once news go against you, next time with you. the key is to let profitabvle trades be bigger anbd cut losers. 1% on 100-140 pips stop is not much of a leverage.

not every pair has been running like e/u so took 20% of total position on all pairs where got 1:1 pip wise. 80% of positions left runing. looking to close another 30-40% of those positions while have 2:1 to 3:1 pips wise and leave the rest running.

Nice , all trades continued moving in my directions but some lags. Still have not received my funds. was told it takes up to 5 business days. may be it is because Monday was holiday in Canada and Wednesday holiday in USA. anyway, I missed many trades I could have taken live.

Had I closed them all now I would be higher than my previous high. +7.5% floating. But I think it would not be right thing to do. Looking forward to run with trends if any but will take profits along the way. anyway, the plan is to leave bigger part than before for running. In my mind it is like a reversed pyramid where the more pips the bigger the floating equity which can be milked or closed when it is ridiculous not to close it.

I do congragulate your trades and patient.

great job.

walker

Thank you Steve, gotta continue improving. I wonder where is my money. going to the bank tomorrow.

😄

what's makes me most happy it is the way big pros trade. I am still thinking I am taking profits too early.
statistically speaking each such wave results in at least 400 pips run for majors so it might be the place where initial profit should be taken. it is 3-4 times pip wise risk than I have which would result in great improvements in returns but I am not sure if it gets there. on e/u I took first profit at good place but probably should have taken 25% not 50% of my position. could have taken another 25% right now.

on gbp/aud I have locked 500 pips , pity closed half of remaining half position. would have been 3% up yesterday. from this experience I am not taking any more profits on a/j for now and not moving stop yet cause I see no reason. no place to move it safely and I see big potential in this trade. previous top 88.60-90.00 is a sh*t magnet. If price reaches there I can get 5-6% on remaining part of my trade not counting previous profit takings. doesn't it worth to wait?

it will take a bit longer to start trading live. Thanks for million idiotic new rules. Got transfer rejected.

I think it will take another 1-2 weeks. will be taking demo trades for now.

decided to close a bit of eur/jpy and chf/jpy trades. now 50%+ position left to run. still can take some profits on gbp/usd and gbp/jpy but it is far from taking profits targets