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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
Ba da bing! Bling Bling!
minosd777
Sep 03 2012 at 10:42
44 posts
Ow don(t worry I want to double my account too! ;)

Those AUD trades really are working very well, finally i didn't closed them but I moved the stop on a R:R of 1:1, so now i am very much in profit, almost 4% up on my account with pretty small positions :D This is what i want to see, anyway I am going to close very soon now
stevewalker
stevewalker
Sep 05 2012 at 15:48
1439 posts
leave us some pips😀



Chikot
Sep 06 2012 at 23:38
2299 posts
My my, last Friday just minutes after I made last post my system crashed. Some virus. PC has been restored only today and still only one monitor is working. taking it back to the shop tomorrow. The only pair I was able to folloow was Eur/usd. closed eur/cad times stop and moved stop on other pairs to lock more profits and to BE on e/u, chf/jpy and eur/jpy will leave as is for now. not enough pips top move to BE. will be checking amrkets for some time as I was away from PC since last Friday.
Chikot
Sep 07 2012 at 00:47
2299 posts
we are going to get second PC or laptop pretty soon. one wil be for trading only.
othergoods
Sep 07 2012 at 11:39
21 posts
Yah, it happenz ... sorry to hear dude .. I had 2 laptops and 1 notebook and 2 pcs go wrong .. only got 3 pcs, 2 laptops and 3 notebooks left .. not pads as yet haha.

😄
Chikot
Sep 07 2012 at 11:57
2299 posts
Laptop ain't good for me. I need 2-3 screens to watch all pairs on my list.
SaltyWaters
Sep 07 2012 at 16:27
247 posts
This will be big enough for 3 platforms: 27-inch: 3.1GHz imac https://store.apple.com/ca/browse/home/shop_mac/family/imac/select
Chikot
Sep 07 2012 at 19:44
2299 posts
come on, I can get new PC with 3 monitors for half Apple price. Some guys like to waste money on these gadgets but I do not.
SaltyWaters
Sep 07 2012 at 22:43
247 posts
I had windows before. In my opinion a mac OS is far better than a windows machine.

I run 3 mt4 and 3 jforex platforms on a 21.5' imac and it does the job very well. And the spaces feature works very well instead of extra screens.


...but it just my opinion of course. 😄
Chikot
Sep 08 2012 at 15:29
2299 posts
Sure it is better but it is also far more expensive. The utility of regular PC money/utility relation now is far better. I am not running auto cad on my PC neither I am playing some very graphic and RAM consuming games. My current PC was bought in January 2006 and it completely satisfies whatever I am doing on it. I am only planning to get new PC when i start managing OPM. at the moment my old PC as long as it is working satisfies all my needs. actually computer progress has slowed over the years. If to compare Pentium 1 and II to my PC and then my PC to current new computers it is clear that difference is far larger between my PC to Pentiums I-II then between contemporary PCs to mine.
People I think are not very rational creatures otherwise cars would not be the main mean of transportation cause they are extremely inefficient, dangerous and overall stupid idea in the first place. and especially economy based on cars manufacturing which actually means economy based on manufacturing temporary things that lose value fast while wasting non renewable critical for civilization resources, destroying environment and killing/ maiming some people/animals along the way.
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