Vheicles: EUR/USD, USD/JPY, USD/GBP, USD/CHF, USD/CAD
Risk per trade: 5%
Stop loss: Yes
Risk/reward: newer below 1:1, average abowe 1:2
Time frame: M, W, D, H4
Starting capital: 15 553,97 $
Indicators: No
Fundamental analysis: No
Trading on news: Dont care
Price action: Sort of
Support/ressistance: Sometimes
Trendlines: It can coincide with one
This is not turn $1 into $ 1 000 000 in 10 minutes - thread.
Sell usd/cad 1.0514
SL 1.0551
TP 1.385
psdpips
September 2, 2010, 9:26am
2
Hi, thxs for the thread.
Whats the logic in taking the USDCAD trade and the target? A chart would help a heck of a lot.
Got hit.
Balance 14849.61
@ psdpips
Lets wait to see if my logic is profitable. Why would you want to know more about bad system. It will be a plenty of time to discuss. If I make 30+ drawdown everyone on thread gets free beer.
did somebody say free beer???
but do you really want a thread of people that are hoping for you to fail??
psdpips
September 2, 2010, 8:02pm
6
Integral:
Got hit.
Balance 14849.61
@ psdpips
Lets wait to see if my logic is profitable. Why would you want to know more about bad system. It will be a plenty of time to discuss. If I make 30+ drawdown everyone on thread gets free beer.
No problem with beer unless you are dishing out Heineken
Ok, then could you post your entry time too as we can see where you entered at
Okay… I gotta ask.
At one point, your trade was positive 35 pips or so.
Very close to a 1:1 risk/reward scenario.
Why would you not take half the risk off by locking in some profit, and set your stop for the other half at break even?
It’s a free ride after that!
If it hits your original t/p point YAY. If it doesn’t… YAY.
Just askin’…
And just for the record, no Heiniken here either.
Or Bud…
Or MGD…
Or Foster’s…
If you’re a cheapskate, Coors is ALMOST passable, but if you care, make Dogfish Head 60 Minute IPA.
Cheers!
This will be interesting to watch.
I gotta ask…lol…TP should be 1.0385? Just check’in.
psdpips:
No problem with beer unless you are dishing out Heineken
Ok, then could you post your entry time too as we can see where you entered at
Next time MT4 screenshot with orderswill be posted. I didnt intend to post charts because they look the same as yours, I promise.
Master_Tang:
Okay… I gotta ask.
At one point, your trade was positive 35 pips or so.
Very close to a 1:1 risk/reward scenario.
Why would you not take half the risk off by locking in some profit, and set your stop for the other half at break even?
It’s a free ride after that!
If it hits your original t/p point YAY. If it doesn’t… YAY.
Just askin’…
And just for the record, no Heiniken here either.
Or Bud…
Or MGD…
Or Foster’s…
If you’re a cheapskate, Coors is ALMOST passable, but if you care, make Dogfish Head 60 Minute IPA.
Cheers!
This will be interesting to watch.
I have been messing with my orders for years. It is a big no-go. You can save your ass sometimes but in the long term run it is a disaster. Trust me on this one. No matter how good and experienced you are there is no such thing as clear head once you are in the market. I have few scenarios before entering position.
set and forget
set stop @ BE after 50-60% of target is reached
minor stop adjustment at the end of the day after liquidity is gone 20:00 GMT
Whatever the plan is there is not a chance to change a bit of it.
Yeah, typo. Uneducated fool I am, what can I do.
As for the beer, maybe we can all vote.
My goes to Koenig Ludwig.
I have tried it in Augsburg, Germany. Didnt use SL on that occasion.:eek:
Best regards to all.
Buy eur/usd 1.2838
SL 1.2798
TP 1.2933
SL @ BE after 1.2890
Well it was obvious it will reach the target. I got in too early. I had doubts about timing and still went for it.
Hmmmm… I’m confused.
The first chart shows E/U, the second shows Canadian buck eh?
But the second one is titled E/U.
Which one did you trade?
I had two trades. Usd/cad with a loss and eur/usd that is stil open.
Dont mind the title, everything is written on the screenshot.
Buy gbp/usd 1.5383
SL 1.5353
Got hit.
Balance 14126,21
TalonD
September 7, 2010, 9:27am
18
I bought GU at 1.53197 currently it’s positive…
My vote is for Guinness draught…
Sell usd/cad 1.0445
SL 1.0520
Buy usd/chf 1.0135
SL 1.0045
Sell usd/cad 1.0355
SL 1.0390