Search found 49 matches

by SkavenDC
Mon Aug 15, 2011 12:55 pm
Forum: beginners forum
Topic: Skaven's Road to the Banks
Replies: 46
Views: 24170
Gender: Male

Sunday trade. I try not to trade on Sundays. What I mean by trying not to trade is that I **SEE** an entry point and take it. It goes against me so I place another one where I **SEE** an entry point. It too goes against me and then I start placing random trades. Basically I never saw sh*t. So, to pr...
by SkavenDC
Fri Aug 12, 2011 1:45 am
Forum: beginners forum
Topic: Skaven's Road to the Banks
Replies: 46
Views: 24170
Gender: Male

Only trade taken today. Placed the trade this morning. Happened at work. Only problem I see with the trade was I was not actually busy at work at that time and I was watching it. Took trade and instantly shot up to +12 pips. Almost took it but let it ride and it instantly dropped to within 0.2 pips ...
by SkavenDC
Thu Aug 11, 2011 12:35 am
Forum: beginners forum
Topic: Skaven's Road to the Banks
Replies: 46
Views: 24170
Gender: Male

One for the eve. EUR/USD buy limit. Took 30 off the table. Have a lot to do tonight so it may be my only trade for the evening. If I take anymore I'll post in the morning.

Image
by SkavenDC
Wed Aug 10, 2011 7:49 pm
Forum: beginners forum
Topic: Skaven's Road to the Banks
Replies: 46
Views: 24170
Gender: Male

One Taken - One Missed

Two trades. Well. Three actually. First was a EUR/USD that I had set that the price just blew through my stop loss in about 30 seconds. No great loss. Second was a EUR/JPY mix that I was playing around with the stop loss and got stopped out at +25 pips. I initial take profit was 40 pips. Should have...
by SkavenDC
Tue Aug 09, 2011 5:03 pm
Forum: beginners forum
Topic: Skaven's Road to the Banks
Replies: 46
Views: 24170
Gender: Male

***You do not have to swing for the fences yet*** Took a couple overnighters on EUR/USD. Stopped out on both. First one was a minor area so I set a 10 pip S/L and a 40 pip T/P. Went to 37 then hit my stop loss. I was originally going to set T/P to 30. Missed that one. Second trade I got stopped out...
by SkavenDC
Fri Aug 05, 2011 2:41 pm
Forum: beginners forum
Topic: Skaven's Road to the Banks
Replies: 46
Views: 24170
Gender: Male

Thursday was a wash. Played with different pairs. +2.9 pips for the day and +0 (zero) money. By the rules trades. Re-entered a EUR/USD mix that went full stop loss. Caught it on the way back up the the tune of 20 pips to bring me to 0 for the day. I'll take it for now. I did place an overnight trade...
by SkavenDC
Wed Aug 03, 2011 7:22 pm
Forum: beginners forum
Topic: Skaven's Road to the Banks
Replies: 46
Views: 24170
Gender: Male

Twice in one day....Are you kidding me Same trade. Reduced take profit to 45 while keeping the 15 pip stop loss. Figured it would jet up again if that area was approached. While I was busy at work, same thing happened. Bid price just pierced the buy limit but not the ask. Oh well. Better than a los...
by SkavenDC
Wed Aug 03, 2011 4:50 pm
Forum: beginners forum
Topic: Skaven's Road to the Banks
Replies: 46
Views: 24170
Gender: Male

If not for 0.6 pips.... ..I'd be up 10% on the account. Set a trade last night on AUD/USD. Placed a trade on a daily Mighty Zone. Now I know that a valid z-line exist anywhere within the Might Zone. I usually place a buy/sell limit at the 50% mark, but since this was off the daily chart, I lowered ...
by SkavenDC
Tue Aug 02, 2011 12:53 pm
Forum: beginners forum
Topic: Skaven's Road to the Banks
Replies: 46
Views: 24170
Gender: Male

Over night trade. Placed a buy limit at an established Mighty Zone. Placed it a couple pips above the line to compensate for spread. Trade was taken, hit my stop loss by one pip then went up. Would have hit my take profit times 3. Again I had it set to 2:1 risk:reward. Although my stop loss was hit,...
by SkavenDC
Mon Aug 01, 2011 5:11 pm
Forum: beginners forum
Topic: Skaven's Road to the Banks
Replies: 46
Views: 24170
Gender: Male

Double post. Stupid lagging computer.

That's another lesson that's critical in forex trading.

Patience.

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