Post your live Forex trades here...

Discussion in 'Journals' started by xelite777, May 4, 2014.

  1. mm2mm

    mm2mm

    Bought a/j 93 .955 n/j 87.179

    sl 50 pip tp 100pip for both
    :)
     
    #411     May 22, 2014
  2. Bought GBP/CHF at 1.5080.
    27 pip stop.

    Good luck Mm2mm
     
    #412     May 22, 2014
  3. Stopped out at break even.

    Total P/L so far since beginning of the thread (18 days) : minus 110 pips .
    Open position : long GBP/CHF at 1.5080
     
    #413     May 22, 2014
  4. Bought NZD/JPY at 87.06
    27 pip stop.
     
    #414     May 22, 2014
  5. GBP/CHF (15 min) ready to breakout from that triangle...?
     
    #415     May 22, 2014
  6. Moving stop to break-even.
     
    #416     May 23, 2014
  7. Stopped out at break-even.

    Notice how moving the stop to break-even after X pips profit usually prevents marginally profitable positions from hitting the stop and becoming losing trades (even though in this particular case the stop was not triggered).
     
    #417     May 23, 2014
  8. contra

    contra

    I notice you are terrible. Moving the stop to BE after it goes in favor 25 pips to prevent price coming back into some DD doesn't mean you stopped a winner from being a loser.

    You're picking arbitrary PT's/SL's. In fact, you're just straight up gambling blindly with bad luck.

    One could also take some partial profits, which would be enough to allow them to keep the stop in its original place. You are going to need more than just trade/money management though...
     
    #418     May 23, 2014
  9. My system lost 110 pips in 18 days, end of story. Even highly profitable trading systems lose money from time to time.

    But I suppose your own system (assuming you have one...) never loses money and just keep making new equity high every single day, of course.


    True.

    But my backtest shows that it is still the optimal trading decision, as far as my trading system is concerned.



    If you say so.

    I also tested that idea (trading 3 units for example and then selling the first, the second and the last unit at predetermined levels). It degrades the performance of the system while making the drawdown bigger, because when I lose (stop is hit before price reaches first target) I lose 3 (very costly) units instead of one.
     
    #419     May 23, 2014
  10. Trade closed at same price.

    Bought CAD/CHF at 0.8240
    22 pip stop.
     
    #420     May 25, 2014