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[sweatyslouch]

You love buying tops and selling bottoms dont you

This is what makes the market! My plan for the AUD/USD was this!

 

[jungles]

plus, we're going to see another +30 pip move up in Aussie......so you should join me
.

 

[jungles]

red news coming :clap:, which should add further challenge

 

[jungles]

-22

gbpjpy
sell 122.916
sl -31
tp +60ish

 

[jungles]

-25..........+60 for the week, a few mistakes this week

AUDUSD
buy 1.0446
SL -30
TP +30

 

[sweatyslouch]

Hey Guys, I don't trade real account on fridays because I don't want to to be in a position where I am holding over the weekend. More to the point, tempted to hold a losing position over the weekend because I dont want to book a loss that isn't yet at my stop. You probably know what I'm talking about or you are a better trader than I!

Doesn't mean I stop analysing the markets though..It's nice to occasionally plan and watch trades without real bucks on the line..Over time this helps me condition the mind to not let the money aspect of my trades hinder my thought process.

I'll be keen to watch if this pans out in the NZD/USD at all today.

Hi, just got back in...did anyone take the sell at 8070? hope you took some money off the table if so.

 

[datum1m]

AUDCHF Short EP 1.0210 SL 1.0235 TP 1.015

Target reached for 60 pips

 

[milka]

long

Quote:
Originally Posted by milka
morning pending order to buy eurgbp

.7800 stop -32 target +32
long


easy win on the eurgbp

+32 pips

 

[D.Gilberto]

Good stuff to those who grabbed some decent points today!

Looking at this short position coming Monday, if it doesnt play out before (obviously not holding over the weekend and suffering from potential gaps)

Have good weekend all! Off for some golf now!

Toodaloos!

 

[sweatyslouch]

-25..........+60 for the week, a few mistakes this week

Hi guys, seeing as I'm done for the week I thought I'd tally my p/l from only the trades I explicitly called live with stops and targets. If risking £100 per trade total profit = £353.

I will update this tally after every trade starting from next week.

Hope you all have a great weekend.

 

[higherSelfishness]

short gbp/usd, 1.56883, stop loss 1.57387

-50 . . . i could hit it again and not feel bad about it at all.

in fact, i think i might - short 1.57233 (gbp/usd, stop loss TBD)

 

[higherSelfishness]

-50 . . . i could hit it again and not feel bad about it at all.

in fact, i think i might - short 1.57233 (gbp/usd, stop loss TBD)

hm, i might go in the red pretty deep here. i see the gbp/usd maybe up to 8600 here pretty quickly. anybody thinking 1.6 anytime soon? :-0

 

[jungles]

live/ public journal effect..............trading against your own plan

TP reached

*moral of the story, trade your own plan, not someone elses
.

 

[D.Gilberto]

live/ public journal effect..............trading against your own plan

TP reached

*moral of the story, trade your own plan, not someone elses
.

Just to let you know I didn't necessarily disagree with your rationale when I made that joke saying "buying tops - selling bottoms" so I apologize if I put you off!


Just keep in mind though, your TP would have never been hit anyway... your stop would have first at -30 from where you entered....

You would have had a maximum draw down of -38 on where you entered before it turned to go into profit.

Either way you had the game plan for long, so I agree, definitely stick to what works for you if you have the confidence in your set-ups!

 

[rathcoole_exile]

very true.

the kind of situation where I'd bracket with a Buy Stop and a Sell Stop and leave the direction guesswork out of it

 

[D.Gilberto]

the kind of situation where I'd bracket with a Buy Stop and a Sell Stop and leave the direction guesswork out of it

Are you saying in the situation specifically in connection the EURJPY setup, you`d place orders above and below (sell and buy) at specific prices so that you`d in essence, capitalize from a break up and down (i.e. "bracket"?) with a pre-defined TP?

(assuming I am right on what you`re saying) Would you mind illustrating how you would actively trade that using the chart, in this situation, the EURJPY? (as I am curious to see how you view this because I have been interested in how people manage this once in the position)

 

[jungles]

Dom, thanks…….the post was just a reminder to me to stay focused on my own plan and not be distracted by others’ plans…….even if it is a loss

Good trading to you and see you next week……….when it all starts again

Just to let you know I didn't necessarily disagree with your rationale when I made that joke saying "buying tops - selling bottoms" so I apologize if I put you off!


Just keep in mind though, your TP would have never been hit anyway... your stop would have first at -30 from where you entered....

You would have had a maximum draw down of -38 on where you entered before it turned to go into profit.

Either way you had the game plan for long, so I agree, definitely stick to what works for you if you have the confidence in your set-ups!

 

[rathcoole_exile]

Would you mind illustrating how you would actively trade that using the chart, in this situation, the EURJPY? (as I am curious to see how you view this because I have been interested in how people manage this once in the position)

on this occasion I would have got chopped to pieces !! :innocent:

but I still hold that it's the best way to get in at the start of a big move

 

[sweatyslouch]

Are you saying in the situation specifically in connection the EURJPY setup, you`d place orders above and below (sell and buy) at specific prices so that you`d in essence, capitalize from a break up and down (i.e. "bracket"?) with a pre-defined TP?

(assuming I am right on what you`re saying) Would you mind illustrating how you would actively trade that using the chart, in this situation, the EURJPY? (as I am curious to see how you view this because I have been interested in how people manage this once in the position)

This is my take on proceedings.

 

[Lord Flasheart]

short aud/chf at 1.0248 sl 1.0275