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"Just Oil"

Chikot
Aug 30 2012 at 11:43
2299 posts
yeah, almost as big as my DD. getting close. i have seen $40 floating at one moment. %10 short of my DD. dirty little thoughts whisper close everything when/ if it hits DD value, but I will most probably lock profits and see how fat things can go.

Chikot
Aug 30 2012 at 11:46
2299 posts
The size of DD was caused by too much leverage and too small stops. see I have more pips unrealized than lost and still in DD. I cut leverage in half and increased stops to from 100 minimum to 150 pips maximum. Risk is always 1% of the current balance and so, I have been risking not $3 as 1% of original account but only $2.5-2.6 which is 1% of what was the balance at the moment of opening trade.

minosd777
Aug 30 2012 at 15:07
44 posts
Nice list of open trades, I see that you also caught the EUR/AUD and GBP/AUD trend..I am thinking about closing my positions before the jackson hole thing which will create a lot of volatility as always when Ben opens his mought...All in all I had a pretty good August month with now 2% floating gains. I take minimum risk to ensure a stable account with a DD that I try to keep below 1%...in the beginning I had an 8% DD but I wasn't managing my account.

In september I will be gone, so I think there will be a minimum of activity in my Demo accounts, but I HOPE that we get some more action from then on so we can see some more opportunities, I only trade based on the PA I see and lately there hasn't been much of that.

minosd777
Aug 30 2012 at 15:11
44 posts
For example I took a net long on the GBP/AUD @ +- 1.5040 when I saw the Pin-bar reversal of 21/08

For the EUR/AUD I saw that it was holding the support line so I entered @ 1.1840 with a stop under the support line, of course now both positions are BE

Chikot
Aug 30 2012 at 19:25
2299 posts
I closed half of my trades but those were not performing for about 1-2 weeks. The moment I saw quick moves against me I closed all of them. also, on few there is already signals to reverse. I am not sure yet as I need more confirmation. but remaining trades look like in solid trends. it can be really good r:r. i am already from 2,5:1 to 3:1 on remaining trades except usd/aud.
I am looking to trade back my money. Been at $42 unrealized profit today. close to my DD. I think chances are good that this trades might go might further. will be looking for new trades. I think with such trends whatever old Ben is talking doe snot matter. it is fundamental thing now. but those under performing reacted quickly to news. e/u is basket case. London session 25 pips range. Come on! My grand ma moves better!I want to day trade but not as successfully as it is now. Have some ideas.

Chikot
Aug 30 2012 at 19:26
2299 posts
I pay attention to PA only when MA's are in agreement.

Chikot
Aug 30 2012 at 20:53
2299 posts
I decided to start testing different strategy on connected demo. it is not ma's cross over. closed existing trades and opened 2 trades based upon buy signal.

Chikot
Aug 31 2012 at 08:57
2299 posts
I reentered e/u and eur/cad. e/j and chf/jpy would require more for me to consider reentry and gbp/jpy doe snot look too good for long for me. at least now. yesterday move was quick and spooky and reminded me of last time reversal. note however that strong trend currencies I left on my list did not blink and recovered almost immediately.

Chikot
Aug 31 2012 at 09:06
2299 posts

Mino, you are very conservative and have excellent risk control profile. I am more aggressive. I am dreaming to double my account!

minosd777 posted:
Nice list of open trades, I see that you also caught the EUR/AUD and GBP/AUD trend..I am thinking about closing my positions before the jackson hole thing which will create a lot of volatility as always when Ben opens his mought...All in all I had a pretty good August month with now 2% floating gains. I take minimum risk to ensure a stable account with a DD that I try to keep below 1%...in the beginning I had an 8% DD but I wasn't managing my account.

In september I will be gone, so I think there will be a minimum of activity in my Demo accounts, but I HOPE that we get some more action from then on so we can see some more opportunities, I only trade based on the PA I see and lately there hasn't been much of that.

Chikot
Aug 31 2012 at 14:28
2299 posts
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