Hi Bernie,
I just found out it’s your birthday today. Happy bithday and since it’s almost the end of the day, hopefully you had a great day and was able to take some time out for yourself.
Chasingpips, looks like you are doing pretty good this month. Keep up the good work. All the hard work is finally paying off.
hi all,
i slept through the 2:00 am trade this morning, perhaps too much birthday excitement! now for something a little more serious. in the past i have defended oanda concerning their stop hunting. this morning i am convinced my stop was hunted down and destroyed. if interested, look at what occurred on the one minute chart and it is indicated there quite dramatically. notice, too, my stop was not on a 95, 90, or even 85. it was on an 88. i find it terribly difficult to believe that this was happenstance.
the trade:
8:08 long, .7000
8:22 exit, hit S/L, .6988 -12
i’ll be back at 3:00 pm
goji, bernie
Hi Bernie,
I’m sorry to hear that, sometimes I also think my SL are hunted. I just do not really know what to do about it.
My morning trades:
8:05 - 10X long at 1.3555 - exit at +5;
8:45 - 10X short at 1.3535 - exit at TP +12.9.
+17.9 for the day, +138.5 March.
hi all,
well, i got back on track with this afternoon’s trade.
3:12 short, .6990
3:35 exit, .6973 +17, +5
i’ll be back at 7:00 pm
goji, bernie
hello,
the 7:00 pm trade:
7:00 short, .6987
7:24 exit, .6795, +12, 17
march total, +406
2:00 +111
8:00 +96
3:00 +99
7:00 +124 (-39)
see you at 2:00
goji, bernie
hi all,
as we get nearer the end of the month i start going into shut down mode. in other words, i will take less of a profit or not take a full S/L. it’s all about preservation of capital. keep that in mind as the month comes to a close.
the 2:00 am trade:
1:51 long, .6965
2:22 exit, .6967, +11
march total, +417
2:00 +122
back at 8:00 am
g, b
Hi Bernie,
Would you please explain the considerations behind the idea of going into a “shut down” mode closer to the end of a month?
In my understanding, the price does not know whether it’s the end of a month or the beginning, and we can win or lose at anytime.
Thanks.
Or the price does not know it’s the end of the month, but those who make the price DO know?
hi all,
chasing, i would say it is a personal type of thinking whereby one gets more conservative as you approach the end of the month. i have had a good month and likewise yourself. it would be a shame to give back a portion of those profits in the last couple of days in the month. today’s 8:00 am trade may be a good example. i entered at 7:45 am, but the exit is the key. the trade was taking some time and i knew there was news coming out at 8:30. at 8:20, i exited the trade, NOT BECASUE OF ANY OF MY RULES, at BE. at this point my focus was much more on “shutting down” the trade without taking a loss. as it worked out, for this particular trade, had i followed my rules, i would have had a losing trade. because i was in “shut down” mode, i shut the trade down earlier than normal and took a BE trade. rest assured, i will continue trading for the rest of the month, however, for the sake of being more conservative, i may not follow my rules totally.
see you at 3:00, 0, +11
goji, bernie
ps, i understand the laws of probability and know the percentages of any one trade. this shutting down is not mathematical, it is purely psychological, for me. right now, i am over +400 pips for the month. yes, i would like to get to +500, but i want to maintain +400 more. thus, i am in shut down mode!
Bernie, thanks for the explanation, please, don’t get me wrong, I’m not being picky or something, I asked just because I was thinking you might know something that I don’t know, as it normally happens, in fact:)
This morning trading the original system (slippages every time when a trade is closed):
8:05 - 10X short at 1.3490 - TP +13.2;
8:35 - 10X long at 1.3515 - SL -10.7 (:mad:how come?? I already got used to have winners only!:mad:):D;
9:00 - 10X short at 1.3495 - TP +14.1.
+16.6 for the day; +155.1 March.
HI ALL,
i just noticed my 3:00 post didn’t get listed? chasing you never have to worry about asking questions. this is all about helping each other as much as possible.
2:55 short, .6950
2:59 exit, .6938 +12 +23
7:00 long, .6977
7:27 exit, .6989 +12 +35
march total, +452
2:00 +122
8:00 +96
3:00 +111
7:00 +136 (-39)
see you all bright and early at 2:00 am.
goji, bernie
hi all,
i have a visit with my heart doctors at 1:15 pm. i should be able to make 3:00 pm today, but you never know. the two morning trades, thus far:
1:55 long, .6991
2:10 exit, .6998 +7
8:10 short, .7037
8:28 exit, .7035, +2, +9, knew there was news at 8:30 am
march total, +461
see you later
Hello Bernie, everyone,
The original system this morning:
7:40 - 10X long at 1.3585 - TP +12.9;
8:45 - 10X long at 1.3610 - exit at +3.0;
9:10 - 10X short at 1.3605 - exit at +10.0.
+25.9 for the day; +181.0 March.
All the best to everyone.
Well I will say well done to both of you and chasing I bet 2 months ago you would not of thought you could finish a month almost 200 pips that a great acheivement and I congratulate you agin on your perseverence mate!!
IF anyones interest, just for those who dont use Oanda or dislike it, I have found a script than will allow you to move the SL/TP with the mouse on MT 4 plus another script that will allow you to place trades automatically with set SL /TP together with an alert that flashes up when the price crosses the ema which is helpful in waking you up when you are waiting for th trades (perhaps you could use it as an alarm clock Bernie for your early morning trades lol)
Sorry Ive not been around and practicing guys but im still in the sea of research as you can see but I am losing nothing as all is demo for the time being
I am off work tommorrow so will try get on the TS server for a chat if I can remeber your trading times.
Phil
Hi Philbot,
It’s nice to hear from you!
Thanks for the good words, but I still think it’s too early to say I have any kind of continious success.
I had a winning streak similar to this one somewhere about two month ago too, right before I got my a.s beaten badly:), remember? And again, I got the same part of my body beaten last week, too. Not THAT bad, though:).
I guess, in general, it’s still the same with me, it’s good when it’s good, but, I am still not quite sure what I’ll do when I get, let’s say, two losers in a row. Being realistic, I think I’ll try to get something back and, as the result, I’ll get five more losers:).
Regards
HI ALL,
well, as you look at my trades, you can see that i am shutting them down much sooner than normal. as i explained to chasing the other day, right now any positive is great, be it a +2, +5 etc. chasing, do not allow the negative talk flow from your lips. often, you are what you think you are. remember that is why i exit trades sometimes just for a pip or two. the +1 pip still allows me to think of me as a winner. yes, you are going to take losses, we all must, but do not let those losses define you, ALLOW YOUR GOOD MONTH TO DEFINE YOU. IF YOU DID IT ONCE, YOU CAN DO IT AGAIN.
this afternoon’s trade:
3:25 long, .7017
3:35 exit, .7022, +5, +14
march total, +466
later,
g, b
Bernie, thanks for good encouraging words, but, come on:), I do not think of myself as a loser, I am just trying to be realistic, I admit and point out my weaknesses. This may help me fight them in future. “Know your enemy”
HI ALL, CHASING,
chasing, understand totally, NO TRADE AT 7:00 PM, THIS EVENING.
G,B
Hello Bernie, everyone,
I connected early this morning, about 7:30am, and did not like what was going on, spreads 1.9 to 5 for no reason that I knew plus the charting was “in behind” again. Plus, there were no sygnals - 10EMA crosses.
9:00 - two GC orders based on 9:00 candle:
Considering there was a long period of “no action” at “busy time”, I decided to try to let them run, and set the TPs at +35. Aaaand… Got it!!!
9:05 - GC short at 1.3315 - long cancelled - exit at TP +35.7.
+35.7 for the day; +216.7 March.
Quit.
Have a great weekend everyone.