3 Ducks Demo journal

This is a discussion on 3 Ducks Demo journal within the Trading Journals forums, part of the Reception category; Yes, I see your point. I appreciate your input here. We have a holiday tomorrow so I'll post the loss ...

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Old Dec 15, 2011, 8:02pm   #31
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Re: 3 Ducks Demo journal

mentormeplease started this thread Yes, I see your point. I appreciate your input here. We have a holiday tomorrow so I'll post the loss from the last trade on Monday. Also won't be at my pc where the demo account is loadeded so will get back to trading on Monday.
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Old Dec 15, 2011, 11:30pm   #32
 
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Re: 3 Ducks Demo journal

Quote:
Originally Posted by mentormeplease View Post
Yes, I see your point. I appreciate your input here. We have a holiday tomorrow so I'll post the loss from the last trade on Monday. Also won't be at my pc where the demo account is loadeded so will get back to trading on Monday.
Have a good break and keep posting, will watch with interest
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Old Dec 19, 2011, 7:30am   #33
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Re: 3 Ducks Demo journal

mentormeplease started this thread Ok Thursdays losing trade.
Loss = 23 Pips ($290)
Balance = $6033
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Old Dec 19, 2011, 7:35am   #34
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Re: 3 Ducks Demo journal

mentormeplease started this thread Not much happening on the pairs I'm watching so will check back in a few hours.
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Old Dec 19, 2011, 7:40am   #35
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Re: 3 Ducks Demo journal

mentormeplease started this thread Some money management I want to add. I started with around $5000. There are many suggestions that we should only risk between 1 and 5 % of capital per trade. I'm going to risk 5% per trade which is $250. So the maximum loss that I should incur per trade will be $250. I will apply this for all my trades from now on.
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Old Dec 19, 2011, 10:58am   #36
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Re: 3 Ducks Demo journal

mentormeplease started this thread GBPCHF shows a decent setup. Waiting for break of the low at 1.4504 and confirmation only on close of candle below this level. Daily also showed a good bearish engulfing pattern 2 days ago. Problem is the daily support shown at 1.4467 which would not give us the required RR. So giving this setup a miss.
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Old Dec 20, 2011, 8:59am   #37
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Re: 3 Ducks Demo journal

mentormeplease started this thread Good opportunity missed on the GBPCHF. As shown in the previous post, price bounced of the daily support and all ducks were lined up for this trade with entry at 1.4555. Anyway, will just monitor and look for a retracement to enter.

Further confirmation of the trade would have been yesterdays pin bar formed on the daily tf.
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Last edited by mentormeplease; Dec 20, 2011 at 9:03am. Reason: Further confirmation
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Old Dec 20, 2011, 9:14am   #38
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Re: 3 Ducks Demo journal

mentormeplease started this thread Same with EURGBP.
Price broke below the range its been trading at for the last 3 days with all ducks lined up and short entry at 0.83783. Too bad I missed them. Lets wait for the next setup.
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Old Dec 20, 2011, 9:16am   #39
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Re: 3 Ducks Demo journal

mentormeplease started this thread
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Originally Posted by mentormeplease View Post
Good opportunity missed on the GBPCHF. As shown in the previous post, price bounced of the daily support and all ducks were lined up for this trade with entry at 1.4555. Anyway, will just monitor and look for a retracement to enter.

Further confirmation of the trade would have been yesterdays pin bar formed on the daily tf.
Target for 2:1 RR would have been hit now with tp 1.4595 and sl 1.4535.
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Old Dec 20, 2011, 9:23am   #40
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Re: 3 Ducks Demo journal

mentormeplease started this thread
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Originally Posted by mentormeplease View Post
Same with EURGBP.
Price broke below the range its been trading at for the last 3 days with all ducks lined up and short entry at 0.83783. Too bad I missed them. Lets wait for the next setup.
Would have taken profit here at 0.8360 for almost 2:1 RR with sl at 0.8390. Reason is the low in Feb may offer some support and don't want to be too greedy.
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