Trading for next months rent (true story)

[Timebomb]

No problem,

Out +65 pips. I was OK with risking 17 pips (it was quite a speculative trade). No certainty in trading.

IMO you should try to find a job. You shouldn't risk more than you can afford to lose.

Best of luck

Cheers bedsit.

Luckily for me, I don't have anything to lose.

I'd rather trade, and just survive, than work for someone and have spare pennies (but it's a scenario I may have to face).

Pleasureain a.k.a. Reward:Risk

 

[westernforce]

Are you sure you want to trade timebomb? bedsit gave you a trade, (something you asked for) and then you doubted the trades validity??

 

[mb325]

Are you sure you want to trade timebomb? bedsit gave you a trade, (something you asked for) and then you doubted the trades validity??

Yeh what are you doing doubting the validity of random tips off the internet? get serious timebomb

 

[westernforce]

Hey, if anyone wants to post any potential trades, go for it. I'll trade anything. Tick. Tock. Tick. Tock. lol

325 - not sure if you having a dig at me but timebomb asked for trading tips, in his 2nd post. A short term break long on cable was seemingly valid at that time.

 

[mb325]

325 - not sure if you having a dig at me but timebomb asked for trading tips, in his 2nd post. A short term break long on cable was seemingly valid at that time.

Nah i'm not having a dig! But just because he asked for potential trades doesn't mean he has to take them. This is important money and I think it's good that he has the confidence to question the validity of a trade instead of just jumping in off the back of any old tip.

 

[trader_dante]

Hey, if anyone wants to post any potential trades, go for it. I'll trade anything. Tick. Tock. Tick. Tock. lol

I'll call the best trade on this board. And it will get you out of this mess.

Give me a minute.

 

[trader_dante]

I'll call the best trade on this board. And it will get you out of this mess.

Give me a minute.

Ok.

Trade your flat in for a room in mine.

You can have it for £300pm all bills council tax, electricity, water, phone, inclusive.

 

[trader_dante]

Re: Bund

60-min Bund.

Don't even think about it.

There is only one way that is going.

 

[foredog]

Ok.

Trade your flat in for a room in mine.

You can have it for £300pm all bills council tax, electricity, water, phone, inclusive.

and extra's

 

[Timebomb]

Ha-haa, you bunch of nutters.

The tip was welcomed and appreciated. Never traded it though.

The Dax was a cracker, bit skeptical pre-8am, nevertheless, it worked out.

 

[Timebomb]

Ok.

Trade your flat in for a room in mine.

You can have it for £300pm all bills council tax, electricity, water, phone, inclusive.

Okay, I have a month or two left that I have to stay in my flat (contract).

£300? Is that bid or ask?... ha-haa, couldn't resist.

Where do you stay? (feel free to PM)

Timebomb

 

[Timebomb]

Trade...

Right, taken a trade on E/U.

It's looking very bad indeed.

Will post details later once I've figured out how to tie this noose. Ha-haa.


EDIT: F**k.

 

[Timebomb]

E/u

Shorted at 13770 and 13768.

Target was 13706.

SL was 13784.

Stopped out.

 

[Timebomb]

Re: E/u

Shorted at 13770 and 13768.

Target was 13706.

SL was 13784.

Stopped out.

Just looking over that trade... realised I selected the wrong direction...

 

[Timebomb]

P&L Analysis...

Let's do some TA on my P&L.

I see absolutely no reason why you can't do this.

I see a clear downtrend.

The -1250 level is support become resistance.

Hmmm, thinking I should wait until the market (i.e. ME) turns around and starts making higher-lows.

A tricky situation indeed.

 

[donaldduke]

Re: P&L Analysis...

Let's do some TA on my P&L.

Are those bars per trade or per day?

Either way your losses are seem large for your account size, i would say cut each loss in half at least.

 

[Timebomb]

Re: P&L Analysis...

Are those bars per trade or per day?

Either way your losses are seem large for your account size, i would say cut each loss in half at least.

Each bar is a day.

Each day usually has between 2 and 5 trades (on average).

The day high/low is only registered once a trade is closed (not during any trade)

 

[Adamus]

are you trading forex? I'm trying to work out what E/U might be at 13706. & if so, what size are you trading?

 

[GladiatorX]

Trading is about constantly looking for good opportunities to risk money on; therefore all trades should have a good theoretical/logical reason as to why they are going to work - Or how else can you know its a good opportunity ?

You seem to be looking for excuses to risk money; such as 'setups'; rather than opportunities that you are very confident in;

In other words; it seems to me your trading for the sake of risking money in the hope of return; rather than trading because you see real potential in an idea or situation having a predictable and profitable outcome.

If you NEED $800 - i would suggest you start doing some research & patience to look for a situation that is really likely to occur and be profitable, that your confident in; that has some logic ...

For example; Your analysis should lead you to a situation where you have a pretty strong idea of the potential outcomes based on some solid evidence.

 

[DionysusToast]

Okay, I have a month or two left that I have to stay in my flat (contract).

£300? Is that bid or ask?... ha-haa, couldn't resist.

Where do you stay? (feel free to PM)

Timebomb

For heaven's sake you two - get a room...