Winning...duh

Discussion in 'Journals' started by Diefelsens, Apr 16, 2011.

  1. Close 2/3 Nzd/Usd @ .8007 -9 pips
    Close 2/3 Aud/Usd @ 1.0784 +16 pips
    Close 1/3 Eur/Usd @ 1.4643 +134 pips
    Close 1/3 Usd/Chf @ .8825 +102 pips
    Close 1/3 Usd/Cad @ .9574 -18 pips
    Close 1/3 Gbp/Usd @ 1.6519 +190 pips
     
    #11     Apr 27, 2011
  2. Total since start of thread: +409 pips
     
    #12     Apr 27, 2011
  3. Buy 3x Eur/Usd @ 1.4669 stop @ 1.4200
    Buy 3x Gbp/Usd @ 1.6524 stop @ 1.6200
     
    #13     Apr 27, 2011
  4. Buy 3x Eur/Jpy @ 121.28 stop @ 117


    Close 1/3 Eur/Usd @ 1.4774 +104 pips
    Close 1/3 Gbp/Usd @ 1.6627 +103 pips
     
    #14     Apr 27, 2011
  5. Buy 3x Gbp/Jpy @ 136.79 stop @ 134.30
     
    #15     Apr 27, 2011
  6. Close 3/3 Eur/Jpy @ 120.98 -31 pips
    Close 2/3 Gbp/Usd @ 1.6649 +125 pips
    Close 2/3 Eur/Usd @ 1.4811 +141 pips
    Close 2/3 Gbp/Jpy @ 135.98 -81 pips
     
    #16     Apr 28, 2011
  7. Nice trades so far. What do you look for to enter a position and how do you determine your stops
     
    #17     Apr 28, 2011

  8. Thanks. Mainly I'm just trading the trend. I identify a long trend and a short trend depending on personal preference, I also use discretion on whether to take the trade or not. The stops are just an arbitrary "disaster stop" based on above or below x number of previous bars. I never intend on exiting a position by being stopped out. My exit strategy should get me out before I get stopped out. If it doesn't, the stop is there just in case something big happens I don’t foresee. My exits at this time are 2 parts discretionary(dependent on my feel) and 1 part based on a system I use. The 2 parts/1 part will change as I move up or down in position sizing based on how well I do. There are times I stray from different parts of this. I've been trading for about 10 years. I hope this answers your questions without giving away too much(not that it matters) ha.
     
    #18     Apr 28, 2011
  9. Buy 3x Gbp/Usd @ 1.6721 stop @ 1.6490
    Sell 3x Usd/Cad @ .9459 stop @ .9550
     
    #19     May 1, 2011
  10. Close 3x Usd/Cad @ .9535 -76 pips
    Stop 3x Gbp/Usd @ 1.6490 -231 pips
     
    #20     May 3, 2011