You and I need to go get a cup of coffee shortly. On me. This is my very first step of this 1000 mile journey. There's a pot of gold in the end! Thanks for the good wishes. Let's go harvest some pips!Originally Posted by ;
You and I need to go get a cup of coffee shortly. On me. This is my very first step of this 1000 mile journey. There's a pot of gold in the end! Thanks for the good wishes. Let's go harvest some pips!Originally Posted by ;
All the best with your trading journal Kiss
I started a journal too a couple of days ago. It will definitely help with your trading as you could look back and consult with a thought process when setting trades and things you have tried that did not work out or maybe things that worked best.
Very interesting mini-trend egy also it seems like its doing well. Best of luck
That is the goal here. Best of luck to you also! Drop by anytime!Originally Posted by ;
Feel free to demo it. I would really like to learn how it works out for you. We could tweek it for every pair based on the average daily price range.Originally Posted by ;
Mini-Trend Trades
Intraday Style #1 Trades
Buy Entry Stop GBP/USD 1.9667 No TP yet
L GBP/USD Trade Implemented at 1.9667 First TP 1.9761. Closed at 1.9707
40 pips
Closed commerce at 6:50AM in anticipation of 7:30 news. Perhaps a movement on my part but the drawdown up to now in my trading career has been due to a news triggered swing in price.
Intraday Style #2 Trades
L USD/CHF Opened 1.1076 TTP 1.1118
Hi KissOriginally Posted by ;
I was just reading through your transactions so far, keep up the good work
Only a remark on your gbpusd trade, what you could also try using is a trailing stop in case you have that feature. Another thing to watch is when price hits a round variety. More often than not it will activate a lot of orders in these amounts which might or might not work in your favour.
Trailing stops are a wonderful tool. I typically do them. However I can program them into my trading program. Thanks for the tidbits. I need.Originally Posted by ;
Mini-Trend Trades
S AUD/USD .9020 Stopped .9045 -25Pips
S GBP/JPY 212.55 Stopped 212.90 -35Pips
Intraday Style #1 Trades
Buy Entry Stop GBP/USD 1.9667 No TP yet
L GBP/USD Trade Implemented at 1.9667 original TP 1.9761. Closed in 1.9707
40 pips
Closed trade at 6:50AM in anticipation of 7:30 news. Perhaps a movement on my part but the drawdown up to now in my trading career has been because of a news induced swing at price.
Intraday Style #2 Trades
L USD/CHF Opened 1.1076 TTP 1.1118. Stopped out for loss.
-60 pips
Need to study what I did to deserve this spanking new. At the time of this trade a 60 pip SL appeared generous. This pair appeared to be in accore with the daily. 30 min after I'm ejected in the trade, price has rocketed back north to the song of 46 pips! UPDATE: 6:29PM I did not move my stop loss down . Though price did make this up to 1.1067, it never would have left me a single pip. One lesson learned-take your loss and move to another opportunity. Will be trading today in the day as I have work to do in my business. No trades available at the moment. Will check to see whether there are any setups for entry daily charts.
Yah definitely. Before I used monitoring stops but a week ago I was testing a different broker which offered them and it makes a difference. Not only does this pay you as price goes in your favour but it makes the decision for you in regards to exiting the trade.Originally Posted by ;