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; Buy Euro @ 903 Stop at 85 $18 Risk Theres up to 130 Upside with a resistance point at 27 ...

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Old Aug 12, 2008, 9:36am   #21
Joined Aug 2008
robicat started this thread Buy Euro @ 903 Stop at 85 $18 Risk

Theres up to 130 Upside with a resistance point at 27 so odds are good. Risk at 1.8% is higher than i'd like though.

Stop at 85 filled loss $18.00
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Old Aug 12, 2008, 9:37am   #22
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robicat started this thread Nah ... hippy.
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Old Aug 12, 2008, 9:42am   #23
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robicat started this thread Drat . ... 1 all for today + 35
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Old Aug 12, 2008, 11:06am   #24
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robicat started this thread Euro tested 14912 twice.... past 33 seems to me where the action will be.

Should I buy in cheap... ie 120 and double at say 135?

***
buy signal on 2min and 1 min.... waiting to see what happens at 112
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Old Aug 12, 2008, 11:20am   #25
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robicat started this thread Stalled at 914

Bought Euro at 149.19 ??? Stop at 149. Risk $19.

Looks like stoopid computer is going to jam lol. Checking price I got on for.

Stoopid computer.

Anyhow stopped out. Loss $19. No way its that much with better PC. Oh well.

$16.00 Up 2 Losses 1 Win

Gotta set the stops tighter. Get risk under $10. at kickoff.
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Old Aug 12, 2008, 11:28am   #26
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robicat started this thread Note to self - re methodology.

On the breakout - broader stops are a bad choice. If it falls back as per the last deals the stop is gone. I may as well micro manage them and have them set at min.

Im treating this move north as a trend now ...
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Old Aug 12, 2008, 11:43am   #27
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robicat started this thread Emotional

Feeling annoyed to hash last two deals betting breaks that didn't happen. Or happened without the momentum. Paid to much for each punt too. Need to be careful i don't try and make it up. The market does NOT owe me a deal lol.
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Old Aug 12, 2008, 11:53am   #28
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robicat started this thread Sell signal - chose not to play against the trend.
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Old Aug 12, 2008, 12:08pm   #29
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robicat started this thread In @ 14894 stop 84 10 risk
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Old Aug 12, 2008, 12:12pm   #30
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robicat started this thread bought stop back to 80 - 14 risk

price is 87.... the choice is whether to protect the position. Already 1.4% risk though. Deal is alive at 93.
Sold at 91after a big dip and recover and another dip.

Loss -3 ..... 13 Up 3 losses 1 winner

Good to minimise loss. Stay out for a while. This wasn't a bad deal. and I am have ended it prematurely.

Last edited by robicat; Aug 12, 2008 at 12:38pm.
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