Independent Review of WallStreet1928

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Old Nov 30, 2011, 4:36pm   #309
 
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Re: Independent Review of WallStreet1928

One pip can make all the difference - a trader may be right about the direction, reasons behind the move etc. but if the price misses your entry point, target etc. by a single pip - no cigar.

Also it may hit your stop and go beyond it 0.1 or 1 pip, turn back and go your way without you and if it makes you happy prove you were right about the direction but nevertheless you suffered a loss.

PS Remember in the real world you have spreads as well.
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Old Nov 30, 2011, 4:55pm   #310
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Re: Independent Review of WallStreet1928

Quote:
Originally Posted by bedsit View Post

PS Remember in the real world you have spreads as well.

Oh come on, don't go mentioning the real world. Next thing you'll be saying 20,000 percent in 200 days isn't possible.
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Old Nov 30, 2011, 6:19pm   #311
 
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Re: Independent Review of WallStreet1928

Before I give the summary of today's trading, I want to repeat what I said initially, that I'm only taking trades between 8am and 9pm UK time (and for today I think I'll stop now). Any overnight trades have to be entered within those hours, or they'll be ignored by me, because I can't verify if I'm not at least watching.

3rd day's summary:

Text and email around 10:14am:
-short nasdaq 2208, stop loss 2233, target 2193. I got in at 2210
-short FTSE 5320, stop loss 5355, target 5295. I got in at 5322

both better fills.

10:30 text and email:
-short aus/usd from 0.9985, stop 1.020, target 0.9960. Followed by another text saying that it's "ok to get filled at 0.9983 or 0.9981 so no need to be religious about it". So I was filled at .9981

11:07 text and email:
-long Dax 5820, stop 5785, target 5845. I didn't get filled.

11:18: text and email:
-long Dax 5838, stop 5800, target 5860. I didn't get filled.

11:24 text and email (note text said long from 5357, email long from 5387, but I went with email as price was around the emailed level, and 5357 wouldn't have been fileld for me anyway):
-long FTSE from 5387, stop loss 5337, target 5417. I got 5379 (another better fill).


nasdaq, FTSE and aus/usd stops were hit, -23, -33, -39


Text saying total points lost = -80 (I have -95)
Text says total points gained= +95 (I have +0)

11:57 Text and email:
-short nasdaq 2331, stop 2356, target 2316. I'm confused but believe he means 2231, since the other is way off. Filled at 2231, stop 2256, target 2216.
-short Dax 5898, stop 5953, target 5853. Filled 5898.

-Text saying to move FTSE stop loss to 5378, subsequently stopped out for -1.

12:05 Text and email:
-short 1.3320, stop 1.3350, target 1.3300. I didn't get filled, but I see it was possible (barely). So give the benefit of the doubt, I was slow on that one. Lets say filled at 1.3320.

12:15, Text to close Dax and Euro shorts, closed at 5877 and for Eur/usd 1.3307 was available for me. +21 and +13

Stopped out of Nasdaq trade, -25

13:10 text and email:
-short FTSE 5490, stop 5550, target 5450. Filled 5490

Text at 14:30 suggesting Wallstreet's average on this FTSE trade is 5503, and to move stop to breakeven. Placed stop at 5503 (again not breakeven for me). Stopped out for -13

Summary so far:
nasdaq, FTSE and aus/usd stops were hit, -23, -33, -39

Ftse -1, Dax +21, Eur/usd +13

Nasdaq -25, FTSE -13

8 trades today, 2 wins 6 losses, -100 points/pips

Overall from 3 days:

13 trades, 6 wins, 7 losses, -40 pips


the last claim from wallstreet I have on his gains this week was +312 texted at 13:04



If someone spots an error please let me know and I'll amend.

Last edited by Shakone; Nov 30, 2011 at 6:24pm.
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Old Nov 30, 2011, 6:40pm   #312
 
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Re: Independent Review of WallStreet1928

Thanks so much shakone for what you are doing, still early days,
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Old Nov 30, 2011, 9:10pm   #313
 
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Re: Independent Review of WallStreet1928

There were 2 more calls after my last post.

19:13

-long FTSE 5498, stop .5463, target 5523. I got 5498.
-long eur/usd 1.3426, stop 1.3391, target 1.3450. I got 1.3425

received text saying all positions to be closed by 9pm.

FTSE hit target +25
Eur/usd closed 1.3437, for +12

Text received saying both closed for +50, and claiming +362.

My results now stand for today at:
10 trades, 4 wins, 6 losses, -63 pips

OVerall from 3 days, now stands at

15 trades, 8 wins, 7 losses, -3 pips.

Last edited by Shakone; Nov 30, 2011 at 9:42pm. Reason: Mistyped stop - thanks Masquerade
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Old Nov 30, 2011, 9:14pm   #314
 
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Re: Independent Review of WallStreet1928

There also is a text saying short FTSE overnight, but I have no entry for that or stop loss levels etc, so will ignore.
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Old Nov 30, 2011, 9:37pm   #315
 
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Re: Independent Review of WallStreet1928

Quote:
Originally Posted by Shakone View Post
-long eur/usd 1.3426, stop 1.2291, target 1.3450. I got 1.3425
You mean 1.3291 I assume.
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