The more decisions you make, the better - Page 2
Page 2 of 842 FirstFirst 12
Results 11 to 20 of 20

Thread: The more decisions you make, the better

  1. #11
    September 26 11:48:31 2006 CDT Sell Market USD/CAD 1.1156
    SL @ 1.1210 / TP @ 1.1048
    September 28 08:38:14 2006 CDT Close Trade USD/CAD 1.1096 =gt; 60 pips

  2. #12
    September 26 11:51:46 2006 CDT Buy Market NZD/USD 0.6668
    September 26 14:12:47 2006 CDT Stop Loss NZD/USD 0.6645 =gt; -23 pips

  3. #13
    September 26 11:54:25 2006 CDT Sell Market GBP/USD 1.8949
    SL @ 1.9031 / TP @ 1.8815
    September 28 02:12:38 2006 CDT Take Profit GBP/USD 1.8816 =gt; 133 pips

  4. #14
    This is what I did'til now. Won 2 transactions, dropped 1, 7 transactions open. Tomorow I will close a number of these and maybe open new ones.

    CAD/JPY 63
    EUR/USD 58
    NZD/USD -23
    GBP/USD 123
    USD/CAD 60
    Profit so far: 281 pips
    Win/loss ratio: 4 /1
    Realized PL: 3.613 %

  5. #15
    I will try and post more details when taking a new decision from today on. I didn't wish to go back about every decision I took from 2 days ago since I found it unworthy. If you have doubts/questions, then feel free to ask.
    And maybe I will attach charts to the articles here. We are going to see tomorow when new conclusions will come.

    I'll also have to decide an exit egy. By today, the best thing was supposed to open the transactions, render them 24 hours and then close all of them. I will see if maybe waiting 48 or even 72 hours would do better. I will see. Or maybe closing each trade sepparately, or maybe letting the TP do it's job.

  6. #16
    September 28 11:29:31 2006 GMT Sell Market EUR/SEK 9.2764
    SL @ 9.3324 / TP @ 9.1895
    September 29 02:40:18 2006 CDT Close Trade EUR/SEK 9.2673 =gt; 91 pips

  7. #17
    September 28 03:34:19 2006 CDT Sell Market EUR/NOK 8.2259
    SL @ 8.2932 / TP @ 8.0827
    September 29 02:40:24 2006 CDT Close Trade EUR/NOK 8.2331 =gt; -72 pips

  8. #18
    After opening both of these transactions, I realised I'm not positive whether it's good to count my pips to get a performance statement. Why? Since I size all of the transactions so I put my stop loss to exactly 1% of the entire account.

    Essencially, I decide my SL by technology analysis on the charts. Then, I divide 1% of my account with the distance in pips I must place the SL at. That will give me an idea about the value/pip so then I can place the place size, therefore I lose exactly 1% of my account when a SL will get hit.

    These last 2 transactions have SL's at countless pips away and TP's at over a thousand. If I lose these two, my pip performance statement will go down like jumps to -3000 pips or so, but in fact I dropped only 2 percent, that being then I won now, so I would still be about positive balance.

    So that I will also post a percentual account P/L to my profit statements.

    After edit: I only updated the profit statement in post #14.

  9. #19
    It appears I did not do the analysis right with these two pairs (EUR/SEK and EUR/NOK). I went short on both, however a major degree of service has been nearby. I was on 300 pips profit yesterday evening about these two pairs, however I did not realise that my choice was incorrect until this morning when I woke up and looked at charts .
    I'm glad it is actualy not a reduction, only a wrong choice. Wrong decisions can come at any moment, the important thing remains that I take longer good choices rather than incorrect ones

  10. #20
    If you go long 1 lot AUD/USD and brief 1 lot EUR/USD thats the same as moving short 1 EUR/AUD....so its not contradictary. . .just means your betting on EUR/AUD.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
This website uses cookies
We use cookies to store session information to facilitate remembering your login information, to allow you to save website preferences, to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners.