How not to make money trading the markets (part 2)

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Old Jan 19, 2011, 1:00pm   #1
 
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How not to make money trading the markets (part 2)

I've dug out my lucky coin again!

Going to do things a little differently this time.

Flip a coin every hour, long on heads, short on tails. Set a limit and stop. Repeat at the next hour. Trading solely EU for now.

£100 account, 10p/point, not as confident with this.

Part 1 can be found here: http://www.trade2win.com/boards/trad...g-markets.html
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Last edited by Hotch; Jan 19, 2011 at 5:03pm.
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Old Jan 19, 2011, 1:02pm   #2
 
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Re: How not to make money trading the markets (part 2)

Hotch started this thread Just managed to fit that in. Tails, so short eu here @ 1.34599. Stop @ 1.34699 target @ 1.3437.
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Old Jan 19, 2011, 2:06pm   #3
 
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Re: How not to make money trading the markets (part 2)

Hotch started this thread Heads.

entry 1.35227, stop 1.34264, target 1.373.

Oh, and the previous trade lost (-£1)
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Old Jan 19, 2011, 3:03pm   #4
 
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Re: How not to make money trading the markets (part 2)

Hotch started this thread Maybe I should run this so it's only if I have no orders open, or go to a different pair or something, oh well, for now.

short @ 1.35099, stop 1.35262, target 1.34827
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Old Jan 19, 2011, 3:28pm   #5
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Re: How not to make money trading the markets (part 2)

Quote:
Originally Posted by Hotch View Post
I've dug out my lucky coin again!

Going to do things a little differently this time.

Flip a coin every hour, long on heads, short on tails. Set a limit and stop. Repeat at the next hour. Trading solely EU for now.

£100 account, 10p/point, not as confident with this.
Don't laugh.....you might even beat the trading room moderators at Live Trader Global (LTG Goldrock) with this strategy!
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Old Jan 19, 2011, 4:02pm   #6
 
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Re: How not to make money trading the markets (part 2)

Hotch started this thread Got another heads.
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Old Jan 19, 2011, 4:32pm   #7
 
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Re: How not to make money trading the markets (part 2)

Are you updating the thread every hour? I might open a book on how many pages this lasts
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Old Jan 19, 2011, 4:33pm   #8
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Re: How not to make money trading the markets (part 2)

pearls before swine
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Thanks! The following members like this post: elitejets
Old Jan 19, 2011, 5:02pm   #9
 
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Re: How not to make money trading the markets (part 2)

Hotch started this thread Short @ 1.34931, stop@ 1.35076, target @ 1.34544

Oh, I forgot:

part 1: http://www.trade2win.com/boards/trad...g-markets.html
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Old Jan 19, 2011, 5:11pm   #10
 
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Re: How not to make money trading the markets (part 2)

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Are you updating the thread every hour? I might open a book on how many pages this lasts
Finished for the day, probs start 7am tomorrow unless alarm clock fails again.


I'm thinking I need to change this up a bit it's a bit dumb as is, I admit it wasn't thought through, having decided to do it 5 minutes before the hour.

Shall rework it I think.
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