Execution Master Trader

Trade 1

I am about to go SHORT the EURO-POUND cash Forex, only if it goes up to my price of 7850
So the Trade is

Short EURO-POUND at 7850
Stop is 15


See Chart below

Price is currently (14:30 London) at 7822
 

Attachments

  • EURGBP Oct 14 2008 1425.JPG
    EURGBP Oct 14 2008 1425.JPG
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Trade 2

I am buying cable at 1.7570
Stop at 1.7513
Target is 1.7830
 

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Last edited:
I missed the entry short on EURGBP by 1
the high on my SB account is 7849
It is now (14:11 Oct 15) 100 units lower at 7749

Lesson learned, if I want a price work that price....i.e. 2 or 3 prices around it
 
Last edited:
Update on trade 1

I wake up at 04:00 and I check my platform..... I have been triggered for Trade 1 and I am onside. I now move my stop to BE.

Entry 0.7846
Current price 0.7790
Stop is now 0.7846
 

Attachments

  • EURGBP Oct 16 2008 0405.JPG
    EURGBP Oct 16 2008 0405.JPG
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[B]Update on Trade 1[/B]

Update on Trade 1

Closed whole position at 0.7774
Result +72
Risked 15
 

Attachments

  • EURGBP Oct 16 2008 0710.JPG
    EURGBP Oct 16 2008 0710.JPG
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Short EUR-GBP again

Trade Number 3

I am about to go SHORT the EURO-POUND again, only if it goes down to my price of 7734

So the Trade is

Short EURO-POUND at 7734
Stop is above at 7754
Stop is 20

See Chart below

Price is currently (16:08 London) at 7788

Note: at 16:40 tightened stop,...... if is going to break the low then the stop does not need to be so big
.
.
.
 

Attachments

  • EUR-GBP 1600.JPG
    EUR-GBP 1600.JPG
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Trade 4

Just went long EURGBP

Long at 7721
Stop is at 7692
Stop is 30 Units

See Chart
 

Attachments

  • EURGBP 1152 Oct 20 2008.JPG
    EURGBP 1152 Oct 20 2008.JPG
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update on Trade 4

Move to break even (7722) now, target is 7850
 

Attachments

  • EURGBP Oct 20 2008 1535.JPG
    EURGBP Oct 20 2008 1535.JPG
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update on Trade 4

Closed trade

moved stop to 7740
now stopped
 

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  • EURGBP 0800 Oct 21 2008.JPG
    EURGBP 0800 Oct 21 2008.JPG
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Lesson learned

The lesson learned for Trade 4 is Move Stop to Breakeven and leave it at breakeven, do not move it any higher....

The market is now trading 300 units higher and I am out !!
See Chart below
 

Attachments

  • EURGBP 0900 Oct 22 2008.JPG
    EURGBP 0900 Oct 22 2008.JPG
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Update on Trade 5

Current Price at 15:00 116.81
Moved Stop to 116.40
Target is now 116.95
 
3rd Update on Trade 5

1st Target Hit (116.95)
Now running second half (entry for second half is 116.85) (see post above)

Looking for price to reach 117.30 then I move stop to 116.90 and let that last one run to..........
 

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  • BUND Nov 4 2008 2020.JPG
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4th and final Update on Trade 5

The time in London is now 11:55 am
The last position is now closed on Trade 5, stopped at 116.50

Price never reached 117.30 , thats when I move my stop to 116.90, so I leave my stop at 116.50

The details for the trade are:

Part 1:
In Long at 116.63 Out at 116.95 Total: +32

Part 2:
In Long at 116.86 Out at 116.50 Total: -36

So we made 32 in the first one and lost 36 in the second one
For a Total of -4 on the whole trade !

Since on the add, I decrease my size, we managed to make money on this one !
So a profitable trade
 
Closed trade

moved stop to 7740
now stopped

I marked the day you entered (and got stopped out) with an arrow.

The red line is your entry price.

Nice trade, ledge.

At least you got 19 pips.
 

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    euro.gif
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Trade 6, if it triggers

The current time in London is 17:15

I have just put in an order to BUY crude at 39.50
STOP is 39.00

50 units Risk
 

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  • Crude 1 hr 17dec 08.JPG
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Nice call Rollsafe... What made you get into the market at 39.50 ???

What's the target on this bad boyyyyyy ????
 
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