College Fund Challenge

This is a discussion on College Fund Challenge within the Trading Journals forums, part of the Reception category; Hmmm so the long running long trade is still at 1.5800 after 8 hours! Question is do I leave it ...

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Old Sep 16, 2011, 6:34pm   #302
mjj
Joined Mar 2005
Re: College Fund Challenge

Hmmm so the long running long trade is still at 1.5800 after 8 hours! Question is do I leave it open over the weekend and risk negative slippage? Or do I hedge it with a short trade? Or do I cut my losses and close it? Decisions decisions.
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Old Sep 17, 2011, 2:23am   #303
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread
Quote:
Originally Posted by mjj View Post
Hmmm so the long running long trade is still at 1.5800 after 8 hours! Question is do I leave it open over the weekend and risk negative slippage? Or do I hedge it with a short trade? Or do I cut my losses and close it? Decisions decisions.
My rules are not effected by weekends or holidays. All go for open trade to next week.
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Old Sep 17, 2011, 10:21am   #304
Joined Sep 2010
Re: College Fund Challenge

Starting funds on Monday 13th June £391

ACCOUNT BALANCE JUNE 2011
13th £391 = $642
17th £428 = $688
24th £443 = $707

ACCOUNT BALANCE JULY 2011
1st £458 = $733
8th £487 = $777
16th £492 = $793 Trade still open over the weekend
22nd £510 = $825
29th £498 = $811 Closed manually to avoid open trade over weekend

ACCOUNT BALANCE AUGUST 2011
5th £514 = $839
12th £514 = $839
19th £543 = $896
27th £610 = $991

ACCOUNT BALANCE SEPTEMBER 2011
2nd £629 = $1,019
16th £653 = $1,030 There is however a drawdown this weekend of £63
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Old Sep 19, 2011, 1:15am   #305
Joined Feb 2011
Re: College Fund Challenge

Quote:
Originally Posted by tkbieber View Post
No trade for me last night. Trade is still open from the 13th.

At this point I'm going to call this week a +7.82% gain for the week. It still could close today if we get r up about 70 pips. We shall see.
I went to the link in your post. Why have you locked your Open Trades on that chart
Why not let us see any Open Trades that may be in loss ?
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Old Sep 19, 2011, 2:01am   #306
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread
Quote:
Originally Posted by shewolf View Post
I went to the link in your post. Why have you locked your Open Trades on that chart
Why not let us see any Open Trades that may be in loss ?
I sent you a pm.

Looks like we are off to a rough week. The Cable has hit a several month low. I've read conflicting reviews as to weather the "professionals" think the GBP will continue to fall or has it hit the 1.57060 support line and will retrace.

We will see.
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Old Sep 19, 2011, 7:59pm   #307
mjj
Joined Mar 2005
Re: College Fund Challenge

Managed to scrape 3 pips on the short hedge today. The long running long trade now hovering at 1.5700
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Old Sep 19, 2011, 10:07pm   #308
Joined Aug 2011
Re: College Fund Challenge

Unsubscribe, please.
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