OK boys and girls, that’s me finished trading for the week.
Friday tomorrow and as ever I don’t get a chance to trade on a Friday. Think just now we might get a pop up on Friday but no more actions based on a guess.
Overall finished well for this week. Account balance now standing at $191.61. So won’t make it to $200 by the end of the week after all. ( which I would have done if I hadn’t missed last short by 1 pip)
Anyway, no regrets. Sorry I had no trade charts to post for other newbies to see. Most of the last gains were made from scalping a few pips here and there and it doesn’t really throw up a chance to take screen shots of the trades with any good explanation attached. I promise I will as soon as I get a chance. Even if it is a loser.
So no trading Friday, but I will be in the new pub if you guys are there.
The aeroplane looks nice, it’s a dream to hang on to. Having owned a share in an aeroplane, I won’t be getting involved in another until things come good with Forex! I’ve just had a few days sailing out of Dartmouth, and saw some seriously nice yachts moored up. My new dream is a Moody 62 DS.
Almost $200 is pretty good, HoG. Congrats for that!
You started this thread in May. 6 months ago. With $150. So you made it back and some. I’d say you are over the hill.
Isn’t it nice to learn and get paid while learning? I mean, if you make it back to the $ 400, where I have no doubt you will make it, you have not paid anything and learned a lot. That’s a lot better outlook than before, right? If you make some more, then you even got paid. If not by much, way better than the majority of traders who run straight into a margin call. Pretty good job!
GG, you can also join us in the pub if you like.
RC, I am flat. I had my adrenaline kick yesterday already, lol.
Nah… barely keeping me awake… stop set at just under 3435 for a 0.25% its Friday after all. But having said that it looks to me to be more likely a long than a short. Plenty of demand at this level no?
Yes, demand is without doubt there RC. Albeit there is a little gap til a beta -2 on h1 and the mean average of regression (both two channels I draw here in cyan, one dashed) points down. Which makes it not completely unlikely that it will maybe go say to 13380 and up after that. Just saying.
well, I’ll go to bed…I closed the long I had just above the daily pivot for a 20 pip profit…might be missing a good up move, but in FX is always plenty of opportunities…
I took my 30 pips on EU on the beginning of the H4 candle and went out with my kid for a while.
I made a massive blunder on the entry. I accidentally punched in 10x the amount I was suppose to trade, i.e. accidentally added a zero to one of my accounts. In the rush to enter trade into the other two accounts I did not even see the trade execute on the MT4 platform.
I put in the trades on all three accounts and got on to the forum to read some postings.
I opened the account window and nearly had a heart attack! I was up 15 pips but my amount was like x10 what it should have been!.
Moved it to BE just incase and I hung on for another 15.
I have now effectively earned 30% of my account balance on a single trade. LOL
Shudder to think what would have happened if it had gone south.
This is the second time this happened this week. On monday I had the same blunder on the same account, but since it was the last account I entered and I was not looking at anything else, I did observe the profit/loss numbers and realised something was out of whack immediately. I cut off 90% of the risk with 2 pips profit and let the rest run.
The God of pips were kind to me on these two occasions.
Cripes! Well, whatever works for you, works. I’d need sunglasses for that chart, though lol.
Agree with you that lower downside could be on the cards - but I can also see the case for a bounce up. So I’m flat for the moment.
I have always loved Donald Sutherland:
‘Definitely an antisocial type. Woof, woof, woof! That’s my other dog imitation.’
‘We see our role as essentially defensive in nature. While our armies are advancing so fast and everyone’s knocking themselves out to be heroes, we are holding ourselves in reserve in case the Krauts mount a counteroffensive which threatens Paris… or maybe even New York. Then we can move in and stop them. But for 1.6 million dollars, we could become heroes for three days.’
Between Oddball and the Spaghetti Western parody when the three of the square up to the Tiger commander… well it’s comfortably in my top ten films. But I digress.
Nice work on the late-week pips.
Lol the same happened to me one time early this year. I added a zero onto my financial risk per pip, made it a treble-digit per pip risk, I noticed and cancelled it (in a cold sweat lol) but on checking my platform discovered that I had cancelled halfway to TP rather than halfway to SL. Phew. Now I’m like a carpenter: measure three times, cut once. Not a fun experience, even if I did make some free money.
I often trade Fridays, but think I might stay out today - there has been some lovely neat cyclicity this week - EUR/USD, USD/CAD and NZD/USD have been particular fun to trade - but the latter half of yesterday caused enough kicks that it just isn’t as clear today, so I think I will be taking the prudent path and sit back and watch today. I tend to consider Fridays optional, depending on how the market looks and how the week to that point has gone.
EUR/USD is a good case in point - as Master Tang, 1.3500 seems to have confused the market, so between that and it being a Friday I’d have to see something very sweet to want to get involved.
