College Fund Challenge

This is a discussion on College Fund Challenge within the Trading Journals forums, part of the Reception category; Originally Posted by mjj I will keep an eye on the EA that failed to trigger this morning. I'm a ...

View Poll Results: How close to my goal of $2,000,000 do you think I will get?
You think I will blow the account and my $100 will be lost. 79 58.52%
You think I will somewhat earn a profit $200-$1,500. 17 12.59%
You think I will get a pretty good return but not close to $2,000,000. 27 20.00%
You think I will get way more then $2,000,000. 12 8.89%
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Old Sep 13, 2011, 9:41pm   #291
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread
Quote:
Originally Posted by mjj View Post
I will keep an eye on the EA that failed to trigger this morning. I'm a bit suspicious as I have the following warning message on my MT4 experts tab that was logged at 0615GMT:

22:15:06 TurboMorningTrade_EA_1.0 GBPUSD,M15: zero divide

Not sure whether it is a coincidence that this happens the day after I change the EA settings.
Sent you a msg.
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Old Sep 14, 2011, 3:14am   #292
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread Ok, just a little update on the trade from last night. It currently is still in a draw-down. Tonight's possible set-up could be a buy. That in mind, I will not be making a buy because that just could be double jeopardy (double risk). Now, if it turns out to be a sell, I will do a hedge because the normal rules apply and won't effect the draw-down.

Now, when there are these draw-downs, it can be a good time to pick up some extra pips if one isn't badly leveraged to begin with. I started a buy after the original trade was already -80 pips so that can potentially earn me a little extra % for the week.

With the $2M account, for some reason that account failed to trade at all. Because my other accounts did trade, I felt it would be ok to go ahead and make a trade. I entered about 50 pips below where it would have opened a trade so, assuming the trade goes good, should pick up about 10%.

The drama continues.
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Old Sep 14, 2011, 8:17am   #293
mjj
Joined Mar 2005
Re: College Fund Challenge

No short signal today for a hedge. Cable continues South.
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Old Sep 14, 2011, 1:37pm   #294
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread It managed to slip in a sell but only got +1 pip.

View account.

Things are headed north at the moment. More drama for the standing trade.
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Old Sep 15, 2011, 8:13am   #295
mjj
Joined Mar 2005
Re: College Fund Challenge

Another short lived short hedge this morning! One pip. Standing trade now got about 150 pips left before it self destructs!
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Old Sep 15, 2011, 1:07pm   #296
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread
Quote:
Originally Posted by mjj View Post
Another short lived short hedge this morning! One pip. Standing trade now got about 150 pips left before it self destructs!
What? Oh you of little faith.
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Old Sep 15, 2011, 1:14pm   #297
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread Depending on which account you look at, there was +1, +2, or +3 pips.

All open trades just may close out today, in profit, I may add.
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Old Sep 15, 2011, 11:02pm   #298
mjj
Joined Mar 2005
Re: College Fund Challenge

One of my open long trades closed today (plus 5 pips ). It was the long trade on the account that I had to manually enter, and hence the price I got in at was lower at 1.5848! I still have two long trades running that were opened at 1.5858. It was very close today...I could almost smell the pips! Fingers crossed for tomorrow!
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Old Sep 16, 2011, 12:04am   #299
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread
Quote:
Originally Posted by mjj View Post
One of my open long trades closed today (plus 5 pips ). It was the long trade on the account that I had to manually enter, and hence the price I got in at was lower at 1.5848! I still have two long trades running that were opened at 1.5858. It was very close today...I could almost smell the pips! Fingers crossed for tomorrow!
I know! I was about 4 pips away from breaking even. But, on one of my manual trades that I opened 88 pips below the open price of this trade, it closed out for 88 pips.

Now, market is retracing a bit. I opened another buy, now that the market was 50 pips below where the original trade opened. This time, I think I'll move this manual trade to BE when it gets positive 50 pips and shoot for the weekly pivot point at around 1.59400.

So annoying that the trade saw just a breath away from being safe. It keeps hitting that resistance line and bounces off. In the past, if I would have closed it out early, I would have missed 26 pips. This time, I'm just pretending I am on vacation and can't check the trade. I'm just letting it go.

Fingers crossed.
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Old Sep 16, 2011, 8:16am   #300
mjj
Joined Mar 2005
Re: College Fund Challenge

More short lived short 1 pip hedges this morning

The long term long trade still remains open from 13th September. Cable currently hanging around the 1.5800 mark. Let's hope it's ready for take off today
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