Charity Trading Account - Trades for 24/07/07

[rossored]

go trendie! a pound in profit at time of writing

 

[trendie]

trendie, you have a very good eye for stops. well done

j


Edit, in my chart it came 2 pips away...phew

me too.
I have 2 pips away from being stopped out! (on FXDD data)
I didnt consider the news aspect. it seemed to be basing at 620, but that dip sure was scary. Ironically, on the 4-hrs, I had an Long entry at 598 but didnt call that in case it didnt trigger!

 

[jacinto]

me too.
I have 2 pips away from being stopped out! (on FXDD data)
I didnt consider the news aspect. it seemed to be basing at 620, but that dip sure was scary. Ironically, on the 4-hrs, I had an Long entry at 598 but didnt call that in case it didnt trigger!

well done nonetheless.

i decided not to put my money on my mouth today .....target is met +80

cant trade with a 4 year old

 

[trendie]

Are we happy just to have trade ideas from members, or should there be at least the bare bones of a rationale to them? (as it's charity money we're playing with rather than members' own dough).

Just a thought

GJ

I would be more than happy to provide a screen-shot of reasoning.
we will soon see for tomorrows posts!

 

[jacinto]

good point gamma

this was my reasoning

http://www.trade2win.com/boards/showpost.php?p=347826&postcount=55

j

 

[jacinto]

Not trying to imply at all that there wasn't reasoning behind the trades that were put on - just wanted to make that clear.


GJ

it never came accross that way mate, i just happened to have been planning my week with euryen :cheesy:

j

 

[trendie]

Yes trade triggered at 11.00am, £1 long at 2.0620.

Everything crossed, I agree GJ

Let's wait and see.

EK1

dunno what the rules are, but...

I would be inclined to move stop-loss to 621 ( bag 1 pip ).
the strength seems to have died away, and I think its going to drift from now.

 

[rols]

dunno what the rules are, but...

I would be inclined to move stop-loss to 621 ( bag 1 pip ).
the strength seems to have died away, and I think its going to drift from now.

According to my reading 630 is the current PP.

A new break down of the OP and YL around 620 could see a small journey south.

Move stop to 618 IMO

 

[rols]

According to my reading 630 is the current PP.

A new break down of the OP and YL around 620 could see a small journey south.

Move stop to 618 IMO

BTW is there such a thing as Traders Anonymous?

:cheesy:

 

[trendie]

According to my reading 630 is the current PP.

A new break down of the OP and YL around 620 could see a small journey south.

Move stop to 618 IMO

from my perspective, the trade is a dead one.
if there is another retrace, I would take it as another separate trade.

I dont like the metamorphing of one trade idea into another, as it takes me down the road of marrying a trade, and "making excuses" to stay in when the original reason has expired.
This can be particularly dangerous when one is holding a losing trade.

I now either stay in for the original reason, or get out for scratch or better.

 

[rossored]

A little later response than expected perhaps, but reading the recent posts I've closed the trade just now for breakeven.

Trade details attached as screenshot.

If we're here to monitor then yes I'm happy to move stops as required, so please post your recommendations and if we're around then they'll be acted upon (although only recommendations by the invididual whose trade was entered will be acted upon, as if it were that persons' trade - I think that's fair).

So, our first trade goes down as scratch - no matter. Better than a loss

Onwards and upwards - get your recommendations in for tomorrow and we'll try and 'improve' the thing as we go along.

 

[jacinto]

still a good trade IMO, trend is up but didnt follow through, the stop well placed

well done trendie