Always wishing you luck and love my friend
fingers crossed, cause my TP is much more above yours 
to the daily highs of december.
Hit moved Stop Loss -40 pips.
hope you don’t mind if I tell that I bought GN at round number 85, and now shorting EG. personally just a tryout.
why did you set so high?
Good Luck brother. All the best
anticipation, and eyeing. sorry, I’m not a trained trader. just seeing the tides. maybe till price gets there, my position might stopped out somewhere. at GN, my TP is 1.9 - if it’s a range, it can work. I’ve seen some times that A and G can correlate. I just need a little luck, to NU and EU slow down or fall a bit. at NU I see it’s ok, but Eu, I never know. from 36 I would short a bit.
what a move on NZDs! and without news as I know. strange.
Short from 1.8535 on GBPNZD is now up by 200 pips. I have kept a TP at +300 pips. Also brought SL to BE
Run baby…run…
AUDNZD long trade hit SL at BE. no loss…no profit
Attached a 100 pip trailing stop to the GBPNZD trade. Presently the railing stop has locked 110 pips.
My GBPNZD trade hit TP and earned me +300 pips
This trade compensated my previous 5 losses.
Done for the week.
Friends,
As there is no open trades and it is the middle of month, I decided to have a review on my February trades.
This month (Actually this year - There was no trades in January) I started with a balance of $3750.00 in my account and currently it is $3986.00. There is a growth of $235.00 and it is almost 6.3%.
On beginning of this month, I fixed my risk as 5% for every 50 pips on all the trades, i.e., I will be loosing $187.50(5% of $3750.00) for every 50 pips lost and I will be earning &187.50 for every 50 pips gained irrespective of the pair. I also tried to enter on trades with a minimum 1:3 RR ratio.
Here is how my trades worked out.
Trade 1. Short AUDUSD: Trailing Stop hit: +23 pips : +2.3% return
Trade 2. Short USDCAD: Stop Loss hit: -30 pips: -3% return
Trade 3. Short GBPNZD: Stop Loss hit: -100 pips: -10% return
Trade 4. Sell(Stop)EURGBP: Closed manually: +20 pips: +2% return
Trade 5. Short GBPUSD: Stop Loss Hit : -50 pips: -5% return
Trade 6. Buy(Limit)AUDNZD: Trade was break even: 0 pips: 0% return
Trade 7. Buy(Stop)GBPNZD: Trade not triggered: 0 pips: 0% return
Trade 8. Short EURGBP: Moved Stop Loss hit: -40 pips: -4% return
Trade 9. Buy EURUSD: Stop Loss hit: -60 pips: -6% retrn
Trade 10. Short GBPNZD: Take Profit Hit: +300 pips: +30% return
Net Result: +63 pips : +6.3% return.
So now my balance is $3986.00 (Say $ 4000.00)
I am fixing the risk for my future trades as 3% of current account balance for every 50 pips till the balance increases to $4500.00 or decreases to $3500.00.
i.e., my account will be deducted by $120.00(3% of $4000.00) for every 50 pips I will loose and my account will be increased by $120.00 for every 50 pips I will gain.
Thank you friends. Wish me Luck and stay tuned.
[B]Also please post your comments.[/B]
[B]BIJOY[/B]
This post clarifies all of my questions regarding setting of stop losses and risks. Thank you very much bijoy! I wish you luck in all your trades!
Based on my previous post as above, I am entering on my 11th trade.
Short AUDUSD at 1.0360
Why ?
- Price testing falling Trend line
- Price also at Fib 61.8 level
- The level is in line with Previous support
- 1:2.5 RR Ratio
BIJOY
Friends,
This my 12th trade is not actually a technical trade.
I am placing a pending order to Short GBPNZD at 1.8180 based on following fundamentals.
- Yesterday’s NZD retail sales data came out as better than expected
- Today’s GBP retail sales data released as worst than expected.
Assumption
Both fundamentals together may take GBPNZD to new lows.
I am not that much concerned about fundamentals. Hence I am placing a pending order to short below recent consolidation.
BIJOY