The Road To Profitability

This is a discussion on The Road To Profitability within the Trading Journals forums, part of the Reception category; Latest trade resulted in a -1% loss. Gotta get more picky in my trades for sure....

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Old Aug 9, 2011, 9:55pm   #15
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EURSEK #Fail

Shuanl0ol started this thread Latest trade resulted in a -1% loss.

Gotta get more picky in my trades for sure.
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Old Aug 9, 2011, 10:55pm   #16
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Gbpnzd

Shuanl0ol started this thread 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
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Old Aug 9, 2011, 11:00pm   #17
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Gbpcad

Shuanl0ol started this thread 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
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Old Aug 9, 2011, 11:45pm   #18
 
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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...
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Old Aug 10, 2011, 9:28am   #19
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Re: The Road To Profitability

Shuanl0ol started this thread I guess you don't trade with a micro account! I have a micro acc, thats why I can afford to play these =P
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Old Aug 10, 2011, 1:35pm   #20
 
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Re: The Road To Profitability

Which broker is your micro acct with ?
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Old Aug 10, 2011, 11:06pm   #21
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Re: The Road To Profitability

Shuanl0ol started this thread Fxcm uk
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