Currency Traders LIVE Head2Head

Bought GBPUSD 1.9930
Stop loss 1.9895





Total Trades 4
Positive 2
Failed 1

Pips Gained 37
Pips Lost 20

Trading Account 17
 
Sold GBPUSD 1.9960
Stop loss 1.9990





Total Trades 5
Positive 3
Failed 1

Pips Gained 73
Pips Lost 20

Trading Account 53
 
Bought GBPUSD 1.9935
Stop loss 1.9915





Total Trades 6
Positive 4
Failed 1

Pips Gained 103
Pips Lost 20

Trading Account 83
 
IMO there needs to be a separate thread for comments or questions relating to the trades if they are not to be posted in this thread



Compounding you seem to be advocating moving stops away from their original level, to allow more room, is this something you consider to be part of your professional approach to trading?
 
Bought GBPUSD 1.9905
Stop loss 1.9970





Total Trades 7
Positive 4
Failed 2

Pips Gained 103
Pips Lost 40

Trading Account 63
 
dc2000 said:
IMO there needs to be a separate thread for comments or questions relating to the trades if they are not to be posted in this thread



Compounding you seem to be advocating moving stops away from their original level, to allow more room, is this something you consider to be part of your professional approach to trading?
Click to expand...

Yes and No. My original S/L for the trade I was in was 1.3654, but I moved it up higher to a safer place at 1.3682 because I was going to be away from my computer for some time and I hate losing money. That original S/L of 1.3654 was never touched. Seem's I didn't have to move it up afterall.....I move Stop's if I think I put them in the wrong spot. In the case above I was not wrong. I could have just left my S/L..it wouldn't have been triggered. I move Stop's also to preserve capital or to minimize potential lose. Captial Markets are dynamical, so if I'm around in front of my computer monitoring my trades, I'm going to make the best decision's for my trades. So yes, adjusting S/L's is somewhat apart of my professional approaching to trading.

I just don't wan't to lose money.
 
Compounding said:
Competition Trade Journal

Trade 2: B
Short: 1.3629
S/L: 1.3654
Target: Open
Trade Result:
Trade Record: 1-0

Overall Trade Record - Located in "Forex - Intraday EUR/USD Trades"

Trade 5: B
Short: 1.3629
S/L: 1.3654
Target: Open
Trade Result:
Trade Record: 4-0
Click to expand...

S/L on trade lowered to minimize loss. The S/L before was 1.3682, 51 pips from opening, now that I'm back monitoring my trades for a bit (have to get some rest soon, been out all night) I lowered my S/L by slightly over 50% to 1.3654, 25 pips from my open....I love showing my work that is just me, so this is the reason for my notes.
 
Bought GBPUSD 1.9938
Stop loss 1.9928





Total Trades 8
Positive 5
Failed 2

Pips Gained 133
Pips Lost 40

Trading Account 93
 
Bought GBPUSD 1.9974
Stop loss 1.9954






Total Trades 9
Positive 6
Failed 2

Pips Gained 161
Pips Lost 40

Trading Account 121
 
The Pearl Fisher said:
Trade Closed 1.9998


Total Trades 9
Positive 7
Failed 2

Pips Gained 185
Pips Lost 40

Trading Account 145
Click to expand...

TPF,
I think you can pack up for the week now on day 1 and still be safe. Well done. And as I write I think compound's stop has just been hit.
 
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