The Road To Profitability

Shuanl0ol · Aug 9, 2011, 9:55pm

Latest trade resulted in a -1% loss.

Gotta get more picky in my trades for sure.

Shuanl0ol · Aug 9, 2011, 10:55pm

What a day!

I'm looking to short GBPNZD. The bar itself has an incredible story in my point of view.
The trend is on our side.
A huge selling power managed to push prices down all the way down from a major S/R level.

My SL is slightly above 2.000 level... the reasoing goes by the idea that if price manages to visit 2.000 and even breach it; It gives me all reasons to believe it will continue that way if so.

Risk: 1%
TP: around 1.9000

Shuanl0ol · Aug 9, 2011, 11:00pm

Here is another one I'm short on.

Made a risky entry before the break on the assumtion of that the 1.6000 level will hold.
Risked 0.1% on the entry (which was before the break)

In addition I'm risking 1% on the break of the bar with a larger SL on that one.

TP1: Around 1.5800

Cheers

pb8856 · Aug 9, 2011, 11:45pm

nice looking reversals, range is a bit too much for me, would have to be risking 5-10% to play these.

Seems that's the condition of the market at the moment...

Shuanl0ol · Aug 10, 2011, 9:28am

I guess you don't trade with a micro account! I have a micro acc, thats why I can afford to play these =P

pb8856 · Aug 10, 2011, 1:35pm

Which broker is your micro acct with ?

Shuanl0ol · Aug 10, 2011, 11:06pm

Fxcm uk

Aug 9, 2011, 9:55pm	#15
Shuanl0ol 94 Posts Joined Aug 2009	EURSEK #Fail Latest trade resulted in a -1% loss. Gotta get more picky in my trades for sure.

Aug 9, 2011, 10:55pm	#16
Shuanl0ol 94 Posts Joined Aug 2009	Gbpnzd What a day! I'm looking to short GBPNZD. The bar itself has an incredible story in my point of view. The trend is on our side. A huge selling power managed to push prices down all the way down from a major S/R level. My SL is slightly above 2.000 level... the reasoing goes by the idea that if price manages to visit 2.000 and even breach it; It gives me all reasons to believe it will continue that way if so. Risk: 1% TP: around 1.9000 Attached Thumbnails

Aug 9, 2011, 11:00pm	#17
Shuanl0ol 94 Posts Joined Aug 2009	Gbpcad Here is another one I'm short on. Made a risky entry before the break on the assumtion of that the 1.6000 level will hold. Risked 0.1% on the entry (which was before the break) In addition I'm risking 1% on the break of the bar with a larger SL on that one. TP1: Around 1.5800 Cheers Attached Thumbnails

Aug 9, 2011, 11:45pm	#18
pb8856 117 Posts Joined Mar 2008	Re: The Road To Profitability nice looking reversals, range is a bit too much for me, would have to be risking 5-10% to play these. Seems that's the condition of the market at the moment... __________________ Because without the bitter, baby, the sweet ain't as sweet.

Aug 10, 2011, 9:28am	#19
Shuanl0ol 94 Posts Joined Aug 2009	Re: The Road To Profitability I guess you don't trade with a micro account! I have a micro acc, thats why I can afford to play these =P

Aug 10, 2011, 1:35pm	#20
pb8856 117 Posts Joined Mar 2008	Re: The Road To Profitability Which broker is your micro acct with ? __________________ Because without the bitter, baby, the sweet ain't as sweet.

Aug 10, 2011, 11:06pm	#21
Shuanl0ol 94 Posts Joined Aug 2009	Re: The Road To Profitability Fxcm uk

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