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- lilydat replied Jan 28, 2008
Thanks... this is exactly the reason I started this thread. I'm sure I would end up doing the same thing... probably quicker than you did.
A Dream Scheme... (Don't waste your time)
- lilydat replied Jan 28, 2008
Thanks for the response Perm... Let me make sure I understand this correctly, as I've only ever traded 100:1. My mentor always taught me that trading any higher is disastrous and too tempting when we are first starting, as well as not needed if we ...
A Dream Scheme... (Don't waste your time)
- lilydat replied Jan 28, 2008
Thank you to everyone who has respected me and not tried to make me look like an idiot here. If anyone wants to discuss this further, feel free... I will try to ignore any further direct or indirect attempts at making me feel inferior.
A Dream Scheme... (Don't waste your time)
- lilydat replied Jan 28, 2008
Seeking Light, 1. I published this in the discussion forum. It's not a trading system, and it's not a journal. It's a discussion. Do you have a better suggestion on where I should "discuss" this? 2. Regardless, of whether it is gambling or not... it ...
A Dream Scheme... (Don't waste your time)
- lilydat replied Jan 28, 2008
Thanks... that's not a bad idea about starting with less. Also, thanks for noticing that I was well aware of the bad habits this could start.
A Dream Scheme... (Don't waste your time)
- lilydat replied Jan 28, 2008
I understand completely. My real trading incorporates multiple lots, with different profit points. The last profit I let ride, and do not move up the stops until a new channel has been formed. This allows me the greatest opportunity to catch trends ...
A Dream Scheme... (Don't waste your time)
- lilydat replied Jan 28, 2008
Thank you for your reply. I appreciate the lack of blatant arrogance that is sometimes thrown around these threads. I agree with your pro AND your con. It is very hard to trade under stress. I suppose if you were right a few times in a row, the ...
A Dream Scheme... (Don't waste your time)
- lilydat replied Jan 28, 2008
I've had winning streaks higher than 10, a few times. Of course, my initial take profits aren't 100 pips away either. I am not delusional... I understand that results will always be random, and all we can do is hope to tip the balance in our favor, ...
A Dream Scheme... (Don't waste your time)
- lilydat replied Jan 28, 2008
It's just an idea. So much for constructive criticism... thanks for your much needed input.
A Dream Scheme... (Don't waste your time)
- A Dream Scheme... (Don't waste your time)Started Jan 27, 2008|Trading Discussion|38 replies
Disclaimer: I am not a newbie. I understand that forex is not a get rich quick business. I have one ...
- lilydat replied Jan 18, 2008
Regarding post #64: I also use a breakout box in my trading at Euro Open. I constantly study the price action around the beginning of the session and have always taken a break of the box, but if it retraced a bunch before the hour's close, I would ...
Simple Candlestick-Pivot Method
- lilydat replied Dec 7, 2007
I decided not to trade last night, as I hadn't backtested anything with nonfarm payrolls coming out and thought it to be too risky. I would have went 1 for 2, so I'm glad I didn't. I'm still up since the beginning of the journal. I will be out of ...
Lilydat's Journal
- lilydat replied Dec 6, 2007
14. GBP/USD : remaining lot was stopped out at +79 15. EUR/JPY : +32 (3 x 10), remaining two lots stopped at +1 16. GBP/USD : late night scalp, +40 (4 x 10) *Well, hopefully I can recoup my losses by the end of the week and turn out positive. I ...
Lilydat's Journal
- lilydat replied Dec 5, 2007
12. EUR/JPY : -450 (9 lots x 50)... WOW - I expect this once per month... I was hoping it would wait a little longer into my journal... oh well - press on... 13. GBP/USD : +40 14. GBP/USD : +40, 1 lot running short from 2.0350 with a 50 pip trailing ...
Lilydat's Journal
- lilydat replied Dec 4, 2007
12. EUR/JPY - short at 161.93... not looking good now, but I have faith... we'll see what happens
Lilydat's Journal
- lilydat replied Dec 4, 2007
10. EUR/JPY - booked 55 pips, using the same method I've been using, all positions closed 11. GBP/USD - booked 60 on a 6 lot scalp (6 x 10)... finally woke up to my alarm
Lilydat's Journal+ 151 for the week *The methods I have been using in the last few days are ...
- lilydat replied Dec 2, 2007
9. EUR/JPY short 162.35 (slippage from .37)... booked 32 pips (4x8), set remaining 4 lots to breakeven +1 (to cover my broker commissions)... it quickly came back to stop me out. That's ok... I had to go help a friend paint. +36 for week of 12/2
Lilydat's Journal
- lilydat replied Nov 30, 2007
8. EUR/JPY - I went long, 7 lots at 162.18. I took 4 lots at 162.28 (+40), 1 lot @ 162.50 (+32), then set the other two to breakeven. They soared, and I finally caught a free ride. Once they were above 100 pips, I set one to a trailing stop of 50 ...
Lilydat's Journal
- lilydat replied Nov 29, 2007
Well, I don't remember actually waking up to turn off my alarm (on my cell phone), but somehow, I woke up at my normal time, laying on top of it, with an imprint on my back. Too bad... my trade would have worked out, but oh well... This is exactly ...
Lilydat's Journal
- lilydat replied Nov 28, 2007
7. EUR/JPY long... booked 30 pips... the rest have already been stopped out at break even + 37 for the week... I may make one more trade in the EURO session tonight.
Lilydat's Journal