Edit Your Comment
"Just Oil"
Member Since Jan 14, 2010
2299 posts
Jul 29, 2012 at 16:32
Member Since Jan 14, 2010
2299 posts
Guys, I believe the only mistake I made was not moving stops to BE right away and may be not taking partials on new trades. I will remember it. I took all those short positions cause those were the only signals to go short. no signals to go long. currently there is a couple of signals to look for buy. I will be watching.
Another thing, news could move trades in my direction even further. it happens more often along the trend.
I also want to point that I took previously partials on too many trades too early and reduced my profit potential. made few mistakes of closing trades manually without signal confirming that I must close or stop being hit. I put EMA 12 on my charts. The only moment I am going to close trades manually is when ema 12 crosses ema 7 against my trade. that's a good signal that trend might be over. most often than not.
Just imagine if news would push price along my trades. 16% would turn 30-40%. It is very reasonable.
Another thing, news could move trades in my direction even further. it happens more often along the trend.
I also want to point that I took previously partials on too many trades too early and reduced my profit potential. made few mistakes of closing trades manually without signal confirming that I must close or stop being hit. I put EMA 12 on my charts. The only moment I am going to close trades manually is when ema 12 crosses ema 7 against my trade. that's a good signal that trend might be over. most often than not.
Just imagine if news would push price along my trades. 16% would turn 30-40%. It is very reasonable.
Member Since Jan 14, 2010
2299 posts
Jul 29, 2012 at 16:34
Member Since Jan 14, 2010
2299 posts
We are having a lot of news this week too. Tomorrow early morning Spanish news... and NFP week.
I am all live since tomorrow but still will open trades on my older demo along with daily live account which I am showing now. The rest will show when have something to show.
I am all live since tomorrow but still will open trades on my older demo along with daily live account which I am showing now. The rest will show when have something to show.
Member Since Jan 14, 2010
2299 posts
Jul 29, 2012 at 16:39
Member Since Jan 14, 2010
2299 posts
I also reduced numbr of watched pairs form about 30 to 16.
On 8H TF same strategy I will be trading only 2 pairs e/u and a/u. a/u tends to have excellent trends.
On 8H TF same strategy I will be trading only 2 pairs e/u and a/u. a/u tends to have excellent trends.
Member Since Jan 14, 2010
2299 posts
Jul 31, 2012 at 10:26
(edited Jul 31, 2012 at 10:27)
Member Since Jan 14, 2010
2299 posts
so far only day trade. no other signals on either time frames for long term. I am live now.
Member Since Jan 14, 2010
2299 posts
Jul 31, 2012 at 10:29
Member Since Jan 14, 2010
2299 posts
Member Since Jan 14, 2010
2299 posts
Aug 01, 2012 at 06:02
Member Since Jan 14, 2010
2299 posts
ok, got signals took 3 trades long term both live and demo.
Member Since Jan 14, 2010
2299 posts
Aug 02, 2012 at 16:14
Member Since Jan 14, 2010
2299 posts
the number of BE stop is huge last 2 days. price is very choppy. the last BE was the worst. shorted at 1.2203. target 1.21430. moved stop to be once in 15 pips, was looking to take half at 30 pips, it hit my stop and then dropped. morning was similar had 24 pips waiting few more pips before taking profit and BE again and 3 BE yesterday. It kind of having bad influence upon me seeing pips roll without me in. will probably take one day off to smell flowers, go to gym and sit in sauna.
I feel simply f*cked up.
I feel simply f*cked up.
forex_trader_79941
Member Since Jun 06, 2012
1439 posts
Aug 02, 2012 at 16:23
Member Since Jun 06, 2012
1439 posts
this week I got 10-28 pips ( manual trd. ) then got back. all week long. sideways. rate desecion week. I got mad😡😡
Chikot posted:
the number of BE stop is huge last 2 days. price is very choppy. the last BE was the worst. shorted at 1.2203. target 1.21430. moved stop to be once in 15 pips, was looking to take half at 30 pips, it hit my stop and then dropped. morning was similar had 24 pips waiting few more pips before taking profit and BE again and 3 BE yesterday. It kind of having bad influence upon me seeing pips roll without me in. will probably take one day off to smell flowers, go to gym and sit in sauna.
I feel simply f*cked up.
Member Since Jan 14, 2010
2299 posts
Aug 02, 2012 at 17:20
Member Since Jan 14, 2010
2299 posts
Member Since Jan 14, 2010
2299 posts
Aug 06, 2012 at 09:42
Member Since Jan 14, 2010
2299 posts
I am having grave doubts about long e/u and e/j, but I have signals to buy. so I bought. these 2 are only buy eur trades I am doing . no more.
Member Since Jan 14, 2010
2299 posts
Aug 06, 2012 at 09:45
Member Since Jan 14, 2010
2299 posts
chf/jpy is correlated so I am passing this one and chf/usd too.
Member Since Jan 14, 2010
2299 posts
Aug 08, 2012 at 11:01
Member Since Jan 14, 2010
2299 posts
another BE. after being 23 pips in profit. 15 pips risk always. it's choppy and still no trend in sight.
forex_trader_79941
Member Since Jun 06, 2012
1439 posts
Aug 08, 2012 at 12:23
Member Since Jun 06, 2012
1439 posts
very slow days. average tick is also dropped dramaticly
Member Since Jan 14, 2010
2299 posts
Aug 08, 2012 at 19:35
Member Since Jan 14, 2010
2299 posts
yes, the range is very narrow. have to wait practically hours for trade to go some 15-20 pips. once 15-20 pips would be done in a matter of minutes.
Member Since Jan 14, 2010
2299 posts
Aug 08, 2012 at 19:37
Member Since Jan 14, 2010
2299 posts
bought gbp/usd. I do not like the pair currently but there was signal and I liked that it was making higher lows last few days. if it moves back up to resistance at least I will have some room to breath and move stop to BE.
Member Since Jan 14, 2010
2299 posts
Aug 08, 2012 at 19:37
Member Since Jan 14, 2010
2299 posts
generally there is good potential in gbp/usd if breaks, aud/jpy and nzd/jpy while e/j and e/u I doubt it.
Member Since Jan 14, 2010
2299 posts
Aug 09, 2012 at 10:12
Member Since Jan 14, 2010
2299 posts
finally. had long trade running. hit about 30 pips while was asleep and fell back. closed for +8 pips. then 15 pips loss and not 30-40 pips win. this last one made me crazy. market just doe snot move. still remember getting 10-20 pips in a matter of minutes and here 5-10 pips takes hours.
there is weekly or monthly pivot point just under where I closed all positions. better to take all from the table.
there is weekly or monthly pivot point just under where I closed all positions. better to take all from the table.
Member Since Jan 14, 2010
2299 posts
Aug 09, 2012 at 14:41
Member Since Jan 14, 2010
2299 posts
added usd/jpy. did not take a couple of trades Cad related. waited for some sort of pull back. never happened. watching 2-03 more pairs. hopefully aud/jpy is taking off.
Member Since Jan 14, 2010
2299 posts
Aug 09, 2012 at 16:53
Member Since Jan 14, 2010
2299 posts
I downloaded desktop Oanda FX Trade and since then cannot log into my demo account. will try later again. whenever I am trying to log in, Java closes my browser
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.