victor is averaging

Discussion in 'Forex' started by victorsafta, Jul 22, 2003.

  1. Given the pro and anti opinions I got on my trading system on forex, I start this new thread posting all my trades from now on ...

    Opinions on the system good and bad parts are wellcome.

    This is the statement at this point ....
     
  2. long eurusd 4 lots 1.1345 ... trading 1.1343 ...
     
  3. opened 4 lots long eurusd 1.1335 ....

    average now: long 8 lots eurusd 1.1340 ... trading 1.1338.

    usbl margin:52.837 ...

    holding here
     
  4. Take profit target 1.1353 ...

    waiting to get filled any moment ... tradind 51 now ...
     
  5. closed in profit 8 lots ... 1.1353 ...

    account now: <b>62,037.11</b>

    gotta go ... have nice trades
     
  6. long 2 lots 1.1366 ... closed 1.1376 ... acc: 62.237.11
     
  7. short eurusd 4 lots ... 1.1382 ...

    usbl. margin 58.077 ... holding on
     
  8. Quiet1

    Quiet1

    Victor,

    On most of your trades I can see the S/R you use to enter on this last one I'm not sure what you're leaning against. I would have expected you to scale in at/above 1.1400...

    Like your style...and would like to hear about any of those nasty big losers this style generates occasionally that you've had. Just for fun, of course!

    :D

    Q1
     
  9. Well, the trend points high ... as I said on the old thread, I am still betting on a bull eur ... but for the intraday the trend shows a little break, he could not meet the resistance consistently as he did previously.

    Of course, 1.1400 is important key ... but I think I will see a retracement here ... if not I will average ...

    Ok, this is how I entered ...

    Regards,
     
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  10. Retraced 10 pips, not enough to take a reasonable profit ... holding shorts ...
     
    #10     Jul 23, 2003