No buyers, bailed slight loss -$28, watch it rocket up. And there she goes, BE exit here I think I'd still be calling it a day and quite right to!! NICE EXIT
Calling it a day, the GU long was LUCKY, 1.5400 break out, SL's other side being flushed more like. EU exit, was how to do it, if it's not going to go my way from the get go, dump it! Sell off into the close, zero experience of this time to trade so I think BALTI time!! Meeting 10am, then another, then Kids after school tomorrow, take IPAD just incase, but most likely take a day off from trading atleast. As I jump on a DAX trade, try to average my way out of it and blow all my profits LOL Wasn't DAX's fault, couldn't take the with trend as SL bigger than I'm like and allowed me to average down and DIE in short, the stopping and no action for like 2 mins at times is annoying aswell, in a has my connection died, no, wtf!!
As my lot size is linked to my Lot size to prevent averaging, my Growth % wise should remain constant, till I make out on the Lot size atleast. So doing the normal Excel math's, I'm looking at 5% per day growth, pick a good hour, maybe 2 and I reckon can do that most days, sometimes MORE, wayyy More! so 5% average. I've hit that 2 days in a row, before the no can't be done brigade kick in. Based on that, 100K account by 1st May 2015 LOL BRING IT!! Method's Quick, Method's stress Free, it's actually fun, your in your out, duck and dive job done, profits, SL's start at 7 and reduce rapidly, risking 4 most of the time to make 10+. Stat's as 6 for 10 at the moment, pretty smokey! 1 very happy trader again!!
I've got a new plan, this 1 is better............. I really hope, to not have to do that again, got there in the end I think / hope!
Didnt trade friday, bately even watched, work then saw the kids. 120ema called reversals on pretty much everything, that GU that inshould of took profit on, that reversed right off the 120 doh! My trading is back to how it should be, can't see how itbcould hurt, so its back in. DAX is defo gone, action looked better, min SL of 6 is a pig, i like having 4 fx charts lined up in such a way that the chart next to it, has a common currency, so if GA breaks its lows and GU is following it well that day, no point taking GU at the low. GU and EU have U in common EU and EJ have E in common, if EU is going up, EJ should follow. Restricted self to 55:1 margin, cant go out to 150:1+ and blow chunks out, which is most of my issue, do great, get stuck blow it all doh! 55:1 is higher than normal, 40:1 area so more bang for my buck and lot sizes scale up with account and down if needs be, much better. +$900 on the week, all since dropping DAX sailing around BE before, with approx 4 hours of trading time lol No work away booked all next week, just from home, so full week to master this fully. Struggled a bit on thursday, trading against the flow, but sorted it out and closed up, expect more slippage till i beat that crap out of myself via losses. Getting it back, and trading seems fun, not something i have to force myselt to do, which is partbof the issue, not that i will trade 8 hours a day or anything silly, hour or 2 here or there is more than enough, forex pairs are very active 9pm till 10pm after us close, spreads dont go stupid till 10pm, reckon i could easily cover my wage current lot size just that hour 4 days a week. Progress
When i get to a stage, where i cant trade bigger without multiple orders on any of the pairs, that will be max account size, yes $100 per pip i think never tried to put in larger, approx 40k, all profits above that get withdrawn on a daily or weekly basis. Even based on 5% per day average, its Only going to take approx 3months to get there. I think goal 10% per day, 4 days per week, 40-50 pips per day, so 2 good trades no losers. If i'm trading with the flow, i see very little reason to have a down day.
NO CHANCE TODAY!! To much to get done, work issues, selling bike issues, issues and more issues, not even going to try!! Method is looking fine, no great movers, but the few that did, was called nicely so was the ranges so all good Hopefully normallity will resume tomorrow.