Best Thread Live Trading and General Chat Lounge

long audusd 0.9992 stops at 9960 target 1.0080

tightened stops up on this 1.0040 and extended target 1.0100 - 1.0120 locking in +48 (ON REMAINING HALF) AND ALREADY HAD + 63 (QUARTER) +88 (QUARTER)

just banked 130 on the other half
 
Last edited:
tightened stops up on this 1.0040 and extended target 1.0100 - 1.0120 locking in +48 (ON REMAINING HALF) AND ALREADY HAD + 63 (QUARTER) +88 (QUARTER)

just banked 130 on the other half

Robin,nice trade thats 70 pips gained. works out at 2:1 r/r. Is that your normal approach. you say you risk 2%. did it work out at a 4% gain
 
heres chart,simple break and pullback
 

Attachments

  • 2012-06-28_0824.png
    2012-06-28_0824.png
    36.6 KB · Views: 101
you lucky lucky people.....cant get to charts at the moment grrrrrrrr
 
Robin,nice trade thats 70 pips gained. works out at 2:1 r/r. Is that your normal approach. you say you risk 2%. did it work out at a 4% gain

Hi flashheart,

OK, i will give you low down. First though q at +63 and q at +68 is +76 average on the half trade then +130 is the other half trade giving +103 for the entire trade that's a 5% gain on the trade.

background i don't normally take quarters, but just so you understand where i came from in week 1 June i placed 8 trades 7 winners giving me a total of 644 pips netting me about 28% i then went 7 trades in a row full stop outs giving back 14% in the next 2 weeks. so when i took that quarter it was just to help me psychologically. as in that time i had also been 70 pips up on 3 of the trades but stopped out at breakeven. so my thinking was i wanted to put money in the account and we were at the top of the channel and grinding up, so I knew it was going to take a while so I took it and i was proven right as it took 4 days to win this trade. Anyway this week I have added +65 on gbp/usd call it 3% and +103 at 5%. I hope this has helped you understand my management of these trades.
 
Hi flashheart,

OK, i will give you low down. First though q at +63 and q at +68 is +76 average on the half trade then +130 is the other half trade giving +103 for the entire trade that's a 5% gain on the trade.

background i don't normally take quarters, but just so you understand where i came from in week 1 June i placed 8 trades 7 winners giving me a total of 644 pips netting me about 28% i then went 7 trades in a row full stop outs giving back 14% in the next 2 weeks. so when i took that quarter it was just to help me psychologically. as in that time i had also been 70 pips up on 3 of the trades but stopped out at breakeven. so my thinking was i wanted to put money in the account and we were at the top of the channel and grinding up, so I knew it was going to take a while so I took it and i was proven right as it took 4 days to win this trade. Anyway this week I have added +65 on gbp/usd call it 3% and +103 at 5%. I hope this has helped you understand my management of these trades.

looks like consistant and well managed trading
 
long UJ @ 7930 Sl 7920 TP 7966
first trade post here
 
Last edited:
Short order EURUSD (not yet filled) taking this though.

Entry - 1.24418
SL - 1.24660
Target - 1.24081
 
moved b/e to 2450 ....just to see if if it has more legs ....

Trade doesnt count if you didnt call the entry ;)


On a lower TF its created a slight area of res @ 1.24347 so isnt looking good for me...

Wasnt expecting a big bull up like that.

Off to gym, stops and TP is in, I get what the market gives me :)
 
Top