Recent content by Anne Onymous

Hello, Ok another week gone by, which means I will have to wait 72hrs before I can trade again when I shut everything down in a couple minutes :cry: This week was fine, I think I have learned a couple things about how to better deal with the shortcomings of my strategy and improve my entries...

Indeed feel for the market is important to me. As for focusing on the exit and trying to figure out whether I should implement a trailing stop or else, this is exactly the opposite motive to what this experiment is all about. I appreciate all the suggestions, but I am not trying to test...

Hello meanreversion, Good question. As far as I am concerned, this experiment cannot be a failure. No matter how wrongly things go, as in I lose everything within the next few days because my stops are too tight or because my target is too close and keeps me away from large gains, I will have...

Weekly Summary Hello, A little report to wrap up the first week and also sharpen up the whole project. First of all I have made some trades using this account inadvertently plus I wanted some cash to buy a few things therefore I have cleaned it up and I am back to £500. From now on I will try...

Hello, So I sold 6404 around 8:15am, target at 6371 we'll see if we reverse that far for now. Stocks futures should lead us there though hopefully it will be before I get stopped out. I'll comment on the first week once Im done today. Sincerely hope I will be up on this first one. :)

Hello, Short 6423 this morning. Wed have to break 64s which I think will happen at some point but with my 15pip stop being agonizingly close, with this thin market, I'd be very happy to take it. Yesterday I was indeed stopped out for 1 pip, so if something similar happens today, at least thats...

Hello, I ventured into a very risky long @ 6419, S/L 6407, T 6452, and we'll see how far we can pull back here. If it is quickly dismissed a short could follow quickly. :)

Hello, Long 6455, T 6485 at 7am on back of very good housing data. Exited after 2mins at 6492 and it was quite intense so did not have time to post it. Day is over again then. As for the suggestion to lift the S/L to +30 when I hit +31 profit that is what I mentally do but you are right, I will...

Hello, Ok back after a magnificent first day :) String of losses leads to the first rethink and from now on I will stop trading when I am down 30 on the day. So two initial losses or another set of consecutive losses. I usually enter when a short move is already half-established and this is not...

Hehe, like I said in the description "Exceptionally, I may let one trade run if I see serious momentum, for instance if I am on the right side of a rumor or a BoE member's comment." On that occasion I thought we could ride US Personal Income data a bit more, which was wrong. :)

Ok so... There has been another loser around 12:15, short 6478, S/L 6490, T 6445. -45 for the day at that point. Then at 13:15, long 6498, S/L 6486, T 6531. Target was hit but I let it run but it turn pretty switfly and is now on way to breakeven. So looking like -45 for the day.

Hehe :) Im not trying to make calls or anything. Im not a market prophet unfortunately, and Im more often wrong than right? That cable trade must have been an exception, albeit on small size unfortunately :( Will exit it anyways now, it ran its course. And let's refocus on this system. This is...

Hello, Please do not delete trader_dante's post as it's useful for people who may think that trading is as simple as what I have outlined in the system. And as for high probability, Id say that Im looking at existing short term trends within larger contexts and psychology, as in candlestick...

Hello trader_dante, I understand your reservations. As I said at the beginning, this is an experiment. That is, this is a parentheses in my trading activities. I am long cable since yesterday afternoon in fact, and using fixed risk and reward targets is not my usual way of trading. However, I...

Stopped out. We've been in a 55pips range for the past 2hrs. We'll see how the day develops, but it seems quite slow today so I may let it go until monday. -30 for the day.