pocrel
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brent chart
entry is 11732 stop is 11800
my just make a breakeven trade with wti but not sure which one will play out perhaps both of them
brent chart
entry is 11732 stop is 11800
my just make a breakeven trade with wti but not sure which one will play out perhaps both of them
Nothing here Patrick....still smarting with USDCAD...missed it by a whisker whilst talking....and was hoping for a pullback....
Howlinwolf
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None at the moment but the gold one (not on that either!) looks as though it has come good-easy to see in hindsight.
Howlinwolf
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In now selling Eur/Usd :
Patrick, where do you get this amazing foresight? (I'm only really good at hindsight)!
Actually made a nice profit on eurusd now after 2 breakevens this am.
pocrel
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a guy i know calls me from the market floor and tells me to sell :cheesy:
only kidding, not sure what you mean gelly i make as many bad calls as good calls take silver yesterday i took 5 points and thing went on to make 200 where is my amazing foresight in that ?
well done on the euro
pocrel
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not sure if people add to there positions here, but the euro was a great example of adding when we got that bounce back to the 00 number and now beginning to head down again, if you can master this aspect of trading then you are way ahead of the game
pocrel
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ok i cant find a trade so done for the day
daily round up 3 trades +31 full points
also finished for the week
trades 7
+79 full points
going on holiday for 2 weeks to marbella so wont be trading for a while but will check in every so often when i get tired of lying by the pool
best of luck to everyone and please keep the journal going
thanks
patrick
daily round up 3 trades +31 full points
also finished for the week
trades 7
+79 full points
going on holiday for 2 weeks to marbella so wont be trading for a while but will check in every so often when i get tired of lying by the pool
best of luck to everyone and please keep the journal going
thanks
patrick
Howlinwolf
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Morning Gelly, do you move stop to BE as soon as you can?
Hallo Howlin, As I've found too many trades don't go to the next pivot I only take a full profit at r:r and as this includes spread its a bit more than the pin. I always move stop to BE when price has moved to 2/3rds of my target. In the last week this has saved me from 4 or 5 losing trades at least. This may have been temporary due to jittery markets, so still willing to adjust later. Of course I'm going to lose out on some but overall I think this will save me money. Also good for peace of mind
Howlinwolf
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Thanks for your reply. Trade management is a tricky one isn't it. Your method is good for someone like me (of a nervous disposition) . I have thought of trialling a "scaling out" approach-say putting three units on and taking two(ie 2 thirds) off at half the stop. This would cover the trade from losses but has the major disadvantage of having to place more money at risk initially. There are so many ways to "skin this cat!"Hallo Howlin, As I've found too many trades don't go to the next pivot I only take a full profit at r:r and as this includes spread its a bit more than the pin. I always move stop to BE when price has moved to 2/3rds of my target. In the last week this has saved me from 4 or 5 losing trades at least. This may have been temporary due to jittery markets, so still willing to adjust later. Of course I'm going to lose out on some but overall I think this will save me money. Also good for peace of mind
