lukx zline trading log + cfabian p.35 + adaseb p.48

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JESGPY
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Postby JESGPY » Fri Jan 29, 2010 4:59 pm

Nice one cfabian.

I missed that move. GJ also dropped like that.

Nice moves today

JUAN

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adaseb
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Postby adaseb » Fri Jan 29, 2010 5:02 pm

Hey don't feel bad. Yesterday I put trades in GU GJ UJ and was stopped out on each one. Today stopped out of GJ again. So done trading this week.

Will post charts later.

But yeah you gotta use stops.




lukx wrote:will my account survive this ? :) Lesson for people who doesn't use sl :) learn on my stupidity :)

ps. do not ask why I didn't use it.

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lukx
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Postby lukx » Fri Jan 29, 2010 5:12 pm

cfabian wrote:WWWWWWWWOOOOOOOOOOOOOOOOOHHHHHHHHHHHHHOOOOOOOOOOOOO!!!!!!!!!!!!!

Guys, I'm so excited... I've made my first longest trade LIVE ever (well, consciously of what was I doing). This is my short trade from today, a total of 127 pips, what meant +34% on my live account. This recovers my stupidities from last week + 10% profit for this year. Still long way to go to breakeven on my overall investment on forex.

Was about to bail at the beginning as I was +20 pips, news came in and put me at -23 or so. My SL was 1 pip on top of the daily, which was 8 more pips from my max DD.

Salute

:smt098 :smt098 :smt098 :smt041 :smt041 :smt041 \:D/ \:D/ \:D/ :lol: :lol: :lol: :P :P :P :smt035 :smt035 :smt035 :smt026 :smt026 :smt026

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aliassmith
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Postby aliassmith » Fri Jan 29, 2010 5:25 pm

lukx wrote:will my account survive this ? :) Lesson for people who doesn't use sl :) learn on my stupidity :)

ps. do not ask why I didn't use it.

Image


strange, I see your demo account up up and away.

Your real money account, down down and gone.

First off, I tried to trade without a stop loss. In order to pull it off
you need to have more than HOPE. You need to be willing to watch
the market until you make your profit or make your trade flat. This
could end up being a few days and a lot of in and out positions.

I then realized this type of trading doesn't work well for me because
I trade part-time. I then realized I would rather take 14 tries at 3.5%
risk than get margin called at 70% loss.

So I determined the best course of action is raise my risk to 3% equals
20 pips, have a "hard" 20 pip stop loss, naked chart, use multiple orders, 4 hours a day, 5 days a week, and master my zeroline skills. It is a
method I have been most successful using and like MightyOne said 20%
something a month and a few years you will be wealthy.

$1000 @ 24%/month @ 22 trading months is over $100,000 trading
account.

24% a month is 6% a week equals net 40 pips a week

11 more months would be $1,000,000 < basically 3 years and less time
it takes to get a college degree (although I already waisted my time and
money to earned one) :x
Trade Your Way as Long as It Makes Money!

aliassmith
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Postby aliassmith » Fri Jan 29, 2010 5:29 pm

cfabian wrote:WWWWWWWWOOOOOOOOOOOOOOOOOHHHHHHHHHHHHHOOOOOOOOOOOOO!!!!!!!!!!!!!

Guys, I'm so excited... I've made my first longest trade LIVE ever (well, consciously of what was I doing). This is my short trade from today, a total of 127 pips, what meant +34% on my live account. This recovers my stupidities from last week + 10% profit for this year. Still long way to go to breakeven on my overall investment on forex.

Was about to bail at the beginning as I was +20 pips, news came in and put me at -23 or so. My SL was 1 pip on top of the daily, which was 8 more pips from my max DD.

Salute

:smt098 :smt098 :smt098 :smt041 :smt041 :smt041 \:D/ \:D/ \:D/ :lol: :lol: :lol: :P :P :P :smt035 :smt035 :smt035 :smt026 :smt026 :smt026

Image


Nice trade 34%, my best live trade is only 14%.

The big ones are good some times, but don't let them clutter your mind.
Trade Your Way as Long as It Makes Money!

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cfabian
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Postby cfabian » Fri Jan 29, 2010 5:44 pm

Thanks...
But no... I was protecting my entry, risking some of the profit in return of more. I was happy with 30 pips, and that was my starting point... protecting them and let the sucker run until that area I closed.

It was hard to sit on my hands and not to take profit earlier. It is way easier to let a looser run praying it comes back than not to take profit when you see it. This is the trick. Respect your trading plan, SL and targets.


aliassmith wrote:
cfabian wrote:WWWWWWWWOOOOOOOOOOOOOOOOOHHHHHHHHHHHHHOOOOOOOOOOOOO!!!!!!!!!!!!!

Guys, I'm so excited... I've made my first longest trade LIVE ever (well, consciously of what was I doing). This is my short trade from today, a total of 127 pips, what meant +34% on my live account. This recovers my stupidities from last week + 10% profit for this year. Still long way to go to breakeven on my overall investment on forex.

Was about to bail at the beginning as I was +20 pips, news came in and put me at -23 or so. My SL was 1 pip on top of the daily, which was 8 more pips from my max DD.

Salute

:smt098 :smt098 :smt098 :smt041 :smt041 :smt041 \:D/ \:D/ \:D/ :lol: :lol: :lol: :P :P :P :smt035 :smt035 :smt035 :smt026 :smt026 :smt026

Image


Nice trade 34%, my best live trade is only 14%.

The big ones are good some times, but don't let them clutter your mind.
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!
"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"

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cfabian
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Postby cfabian » Fri Jan 29, 2010 5:46 pm

Thanks Lukx, hhahahahahaha... looks like you're procrastinating a lot with you tube....




lukx wrote:
cfabian wrote:WWWWWWWWOOOOOOOOOOOOOOOOOHHHHHHHHHHHHHOOOOOOOOOOOOO!!!!!!!!!!!!!

Guys, I'm so excited... I've made my first longest trade LIVE ever (well, consciously of what was I doing). This is my short trade from today, a total of 127 pips, what meant +34% on my live account. This recovers my stupidities from last week + 10% profit for this year. Still long way to go to breakeven on my overall investment on forex.

Was about to bail at the beginning as I was +20 pips, news came in and put me at -23 or so. My SL was 1 pip on top of the daily, which was 8 more pips from my max DD.

Salute

:smt098 :smt098 :smt098 :smt041 :smt041 :smt041 \:D/ \:D/ \:D/ :lol: :lol: :lol: :P :P :P :smt035 :smt035 :smt035 :smt026 :smt026 :smt026

Image


Image
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!

"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"

Fxtraveller
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Postby Fxtraveller » Fri Jan 29, 2010 5:49 pm

Well, since this is the last trading day of January, I'll post my stats as well from my Live a/c:

traded 0.01 and 0.02 lots, or 0.07 EUR cents / per pip.

TOTAL trades: 22
Trades Lost: 2 (1- pressed Buy instead of sell =] 2- did not follow any rules)

Total pips lost: -8 - 4 = -12 pips

Trades at or Near breakeven: 4 (total +12 pips)

Trades won: 16
Total pips won: loads =]

Total Profit in ?: 29.26

Of which Zlines profit: 22.26 ?

Hence Zlines net pips : 22.26 / 0.07 = 318 pips
this is not of absolute indication, as, with varying risks, I would enter 100%, 50% or 30% of entire Lot and would scale in or out of trades.

However, im proud of myself. But need to learn to hold my trades. Only then I'll increase my lotsize. If I cant control small amounts, I wont handle bigger money.

Cheers.
Have a lovely weekend.

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Postby MightyOne » Fri Jan 29, 2010 7:44 pm

Are any of you considering trading with the iPad and its sexy $29.99 unlimited data plan through AT&T?

I watched the presentation and it looks powerful enough...

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cfabian
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Postby cfabian » Fri Jan 29, 2010 7:50 pm

Is there forex platforms compatible with MAC OS? Or you consider web based?

I hate I need pocket PC to be able to monitor the market while on the road... blackberry would be great.

Back to Ipad, looks sleek, but compatibility is an issue to me.

MightyOne wrote:Are any of you considering trading with the iPad and its sexy $29.99 unlimited data plan through AT&T?

I watched the presentation and it looks powerful enough...
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!

"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"

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