Mr Cat learns to trade

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Old Aug 30, 2008, 9:44am   #51
Joined Aug 2008
robicat started this thread Nkay - trailing FX Micro - being able to play at 10c a pip opens the possibilities up.

traded two days - $36 down.

Working on entry system based on SMA, candlesticks. Working on qualifying the market for a deal through 60 min charts - then finding triggers on 1 min chart.

Exploring stop limits within the 1% money management system outlined.
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Old Sep 1, 2008, 6:53am   #52
Joined Aug 2008
robicat started this thread Nkay back uinto the fray.

Got a sell setup on cable. Working on 10c a pip at 400 leverage.

The plan is to get a trigger then set a 1% risk bet. If this profits i will take one of two strategies -

1- generate small freeroll or small locked in profits.

2 - add to the position - expanding risk up to 2% if the trend looks strong.

3- basic plan is for wining trades to recoup 4x the average of last three losses.

3.1 Zero yrades count as losses.

4. Initial then add to the trade. Contract size of builds =progressive 1, 2, 3. Initial risk = average of last three losses.

5. Sell most profitable open contract if sell signal emerges. Clear position if clear signal emerges.

Last edited by robicat; Sep 1, 2008 at 9:46am.
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Old Sep 1, 2008, 7:17am   #53
Joined Aug 2008
robicat started this thread Trade 1 -1 Sept

Cable

Sell 6 a 339 stop 707 Risk 22.00 = 2.2% (Note miscalculated and bought outside policy - plan - bring risk in)

Change stop to 339 - Freeroll - $11.34 profit on deal.

(plan let deal generate profit then in invest this in risk to 1% of capital + some profit. Id like to lock in a small profit at this point as well - wait and see)

(1 min the market is volitile... expect to lose some of these free rolls - profit on deal is 3.00 this far after a retracement)

stop filled loss 0
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Old Sep 1, 2008, 7:24am   #54
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robicat started this thread 0

GBP/USD 6 S 1.80296 1.80319 1.80497

Risk 1.2%
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Old Sep 1, 2008, 7:41am   #55
Joined Aug 2008
robicat started this thread Stop filled.

0, -12 (Ave6)

Next trade targets 1.8% profit.
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Old Sep 1, 2008, 7:56am   #56
Joined Aug 2008
robicat started this thread Eur/Yen qualified for short trade.
Eur/Aud qualified for long trade
AUD/YEN qualified for short trade
GBP/AUD q short

AUD/JPY 4 S 92.435 92.510 92.600
Risk .66
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Old Sep 1, 2008, 7:58am   #57
Joined Aug 2008
robicat started this thread Deal is down $4. decision hold

Build trigger AUD/JPY 1 S 92.508 92.601

Last edited by robicat; Sep 1, 2008 at 8:04am.
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Old Sep 1, 2008, 8:45am   #58
Joined Aug 2008
robicat started this thread Close trigger buy 1 at 575 loss .62 (within trade)

-4 contracts

AUD/JPY 1 S 92.508 92.600

AUD/JPY 2 S 92.389 92.602

Summary

AUD/JPY -7 92.428 Stop x600 Risk 1.19% profit .42%

Build down trigger03 AUD/JPY 1 S 92.475 92.455 2 0.18

AUD/JPY -6

AUD/JPY 3 S 92.255 92.601 -
AUD/JPY 2 S 92.337 92.598
AUD/JPY 3 S 92.134 92.597

Summary
-15 92.311 Stop 92.600 Risk 4.5% less 2.6% Profit = 1.9% Capital risk

(Decision do I bring stop in?)








-5 contracts
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Old Sep 1, 2008, 8:56am   #59
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robicat started this thread Aud/jpy 3 S 91.991 92.605
Aud/jpy 3 S 91.991 92.605
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Old Sep 1, 2008, 8:59am   #60
Joined Aug 2008
robicat started this thread AUD/JPY 92.201 Stop 92.600 -20 57.19 57.19 Risk = 2.7%
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