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- RvrsTrader replied Oct 24, 2006
End of Day — No big moves today with GBP/USD or USD/JPY, mostly sideways. I will not place any orders tonight because I really don't know what will happen, so till tomorrow!
Developing a system - LIVE experiment ;)
- RvrsTrader replied Oct 23, 2006
Eh...still doesn't make sense why not go with $100...$90 isn't much to risk, but it would boost the gains
Apply a 28 Levels Financial Plan to Forex and convert $10 to $10,000
- RvrsTrader replied Oct 23, 2006
The GBP/USD stopped out automatically due to a tight stop. I will likely re-enter long again, but I want to wait until I get home to look at the charts, etc. Learning from the two auto stop-outs, I will do the following in future trades: I will only ...
Developing a system - LIVE experiment ;)
- RvrsTrader replied Oct 23, 2006
Just found this thread and went to the last page... Why not start with $100 and go to $10K? Going from $10 to $100 has taken you 40 days. Could have probably went to 1K in that time from $100.
Apply a 28 Levels Financial Plan to Forex and convert $10 to $10,000
- RvrsTrader replied Oct 23, 2006
Closed Trade 2: Manually closed the USD/JPY position: 119.38 Realized P/L: -$11.34 Closed Trade 3: Stopped out at: 1.8721 Realized P/L: -$1.68 ------------------ Net realized P/L: +$6.99 Account Balance: $965.98 Well, today didn't go as planned. The ...
Developing a system - LIVE experiment ;)
- RvrsTrader replied Oct 23, 2006
Update on Trade 3: Mover the SL to breakeven at: 1.8721 I don't have a system yet and mainly base my trades on the simple moving average
Developing a system - LIVE experiment ;)
- RvrsTrader replied Oct 23, 2006
Trade 03 Let's try this again... Currencty Pair: GBP/USD Order type: Instant Execution Buy/Sell: Buy Lots: 2 Order rate: 1.8721 Limit: 1.8825 Stop Loss: 1.8690 Potential Profit: 94 pips Potential Loss: 31 pips <!-- / message -->
Developing a system - LIVE experiment ;)
- RvrsTrader replied Oct 23, 2006
Closed Trade 01: !Stopped out at 1.8713! Realized P/L: +$20.00 Not sure what caused the dip... MISTAKE: Should have move up the stop loss to break even at 1.8703. Too close... Update on Trade 02: Unrealized P/L:-$6.70 ------------------- Net ...
Developing a system - LIVE experiment ;)
- RvrsTrader replied Oct 23, 2006
Update on Trade 01: Unrealized P/L:+$50.00 Moved up my Stop Loss to: 1.8713 Eliminated potential loss, worst case: +10 pips Update on Trade 02: Unrealized P/L:-$0.84 ------------------- Net unrealized P/L: +$49.16
Developing a system - LIVE experiment ;)
- RvrsTrader replied Oct 23, 2006
Haha, nice! I like how you sniped that 50 pips out!
Developing a system - LIVE experiment ;)
- RvrsTrader replied Oct 23, 2006
I think I am going to ignore your messages from now on, philmcgrew, because your posts are unhelpful and condescending. If you say that GBP/USD and USD/JPY have no correlation, then there is nothing I can learn from you anyway
Developing a system - LIVE experiment ;)
- RvrsTrader replied Oct 23, 2006
They are correlated for obvious reasons. I am doubling my exposure, but also increasing my potential profits
Developing a system - LIVE experiment ;)
- RvrsTrader replied Oct 23, 2006
I went long at 1.8703 this morning too. But I set my limit at 1.8825 for now and will adjust it up along with the stop loss when the pair goes upward. When do you expect it will reach your 1.8950 target? (which I am sure it will in the near future)
Low Risk, High Reward Trading Experiment
- RvrsTrader replied Oct 23, 2006
Trade 02 — I usually just trade one pair at a time, but in this case, I am going to add USD/JPY to the mix - if GBP/USD goes up, then this one goes down too: Currencty Pair: USD/JPY Order type: Instant Execution Buy/Sell: Sell Lots: 1(just the ...
Developing a system - LIVE experiment ;)
- RvrsTrader replied Oct 23, 2006
Update on Trado 01: Unrealized P/L: +$26
Developing a system - LIVE experiment ;)
- RvrsTrader replied Oct 23, 2006
Fine...I set a stop at 1.8655, but we all know it will go back to 1.8800 eventually...
Developing a system - LIVE experiment ;)
- RvrsTrader replied Oct 23, 2006
Trade 01 — --- TRADE 01 --- Sure glad I didn't go long on GBP/USD last night at 1.8815! Whew! Well, the pair dropped 140 pips since open and Sun to a support level at 1.8687. There has been no news that would cause it to break further down, so ...
Developing a system - LIVE experiment ;)
- RvrsTrader replied Oct 23, 2006
Gotta take risks to get rewads...thanks though!
Developing a system - LIVE experiment ;)
- RvrsTrader replied Oct 23, 2006
I want to jump on the GBP/USD, but it's been kind of sideways since open today....only 14 pips. I will wait until tomorrow, but I think it will go up, short-term at least
Developing a system - LIVE experiment ;)