Mr Cat learns to trade

This is a discussion on Mr Cat learns to trade within the Trading Journals forums, part of the Reception category; Dinner time. I think the South Pacific Peso is going to bounce off 8950 for a while and then go ...

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Old Aug 11, 2008, 10:29am   #11
Joined Aug 2008
robicat started this thread Dinner time.

I think the South Pacific Peso is going to bounce off 8950 for a while and then go to 9100.

Anyhow the gimmick i'm trying is to Buy on three green candle (nice solid ones) and sell on three red candles. The Candles need to step up, or down. Long wicks to the top or bottom, or top shapes, exclude the formation as a signal. The first movement of the next period confirms if it is in the right direction.

I clear my long positions on RSI > 80 and my short on RSI < 20.

I want to get 2-1 to 3-1 on deals that are designed to minimize risk. Risk profile on a deal is flexible between 1%-3%.

Last edited by robicat; Aug 11, 2008 at 3:24pm.
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Old Aug 11, 2008, 12:18pm   #12
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robicat started this thread Edit delete

Last edited by robicat; Aug 11, 2008 at 3:20pm.
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Old Aug 11, 2008, 1:27pm   #13
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robicat started this thread Sell Signal -1 @ 8900 Stop 8915 risk 15 target 8871
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Old Aug 11, 2008, 1:37pm   #14
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robicat started this thread Position Closed at 8904 (Loss 4) after moving ahead and stalling.
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Old Aug 11, 2008, 3:08pm   #15
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robicat started this thread Sell signal -1 @ 8886 stop 8896 Risk 10

Stopped out Loss 10

Last edited by robicat; Aug 11, 2008 at 3:19pm.
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Old Aug 11, 2008, 3:29pm   #16
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robicat started this thread Summary 08/11

AUDUSD

4 deals - 2 Win 2 Lose (+36/1000)


1- +15
2- +35
3- -4
4- -10

Draw 0 Points
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Old Aug 12, 2008, 5:53am   #17
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robicat started this thread Plan.

Watching 10min EURUSD and AUDUSD.... when i get a signal here, i will go to 1 min and play if i get a confirming signal.

Risk -1-3% Per deal looking for 2-1, to 3-1.
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Old Aug 12, 2008, 8:47am   #18
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robicat started this thread Euro's threatening a move north. The US economy is as cactus this week as last week.

My idiots thinking is that both the Euro and the Aussie is oversold. So ill be more selective of bear plays.

Watching 10 min charts, doing admin and chores.

*****

In on Euro @ 14845 - stop at 24 - $24 Risk Upside? say early 80s $35.... ill need to pull the stop up to improve odds.

****

locked in second contract at 60.... Stops set a 50 20 Risk Upside say 60 Good position

*****

Closed position @ 1.4879 Profit $53
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Old Aug 12, 2008, 8:49am   #19
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robicat started this thread Both index up to 88 RSI +80

******
Next deal may be one to let evolve into a longer position.
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Old Aug 12, 2008, 9:06am   #20
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Quote:
Originally Posted by robicat View Post
Nkay....

Lifestyle

1. Income stream that allows me to live overseas for periods of time.

2. Income stream that allows me time and space to grow food for my family.

***********************


Cheers
I'm going to hazard a wild guess and say there's a small sailing boat involved in there somewhere????

Could be wrong, but your nick suggests you may be a sailor

GJ
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