Experiment in Discipline

Discussion in 'Journals' started by PittsburghFML, Jul 28, 2010.

  1. No it is not. I do not set a level at which I will exit when it goes my way. The stop loss is what I consider a "disaster stop" or a point at which I don't have confidence in my prediction any longer. Sometimes it will be 200, 500, etc. pips. I don't limit myself with parameters or risk/reward ratio's.
     
    #11     Aug 1, 2010
  2. Buy Usd/Chf 1.0429 stop 1.0340
    Sell Eur/Gbp .8317 stop .8410
     
    #12     Aug 1, 2010
  3. Close Usd/Chf 1.0390 -39
    Buy Eur/Usd 1.3178 stop 1.3030
     
    #13     Aug 2, 2010
  4. Sell Usd/Cad 1.0238 stop 1.0320
     
    #14     Aug 3, 2010
  5. Sell Usd/Jpy 85.94 stop 86.80
     
    #15     Aug 3, 2010
  6. Close Eur/Gbp .8298 +14
     
    #16     Aug 3, 2010
  7. Buy Aud/Usd .9142 stop .9030
     
    #17     Aug 3, 2010
  8. Close Eur/Usd 1.3168 -10
    Close Usd/Jpy 86.25 -31

    Buy Usd/Chf 1.0524 stop 1.0320
     
    #18     Aug 4, 2010
  9. Picaso

    Picaso

    Sorry about your EUR/USD, that looked quite good for some time.

    If I may ask, do you have a tentative target when you put on the trades and/or do you ever trail your stop?
     
    #19     Aug 4, 2010
  10. I don't trail and I don't really have set targets. I have areas that I expect it to hit and if it does I will exit. The eur/usd and usd/jpy both looked good for a bit.

    Sell Eur/Usd 1.3149 stop 1.3270
     
    #20     Aug 4, 2010