Well now.
Started the day off learning that an account (UK 10K version) I had funded with 1100.ish had basically been drained and was in a hedged trade.
This other guy that had access to it asked what I wanted to do because the first guy has disappeared.
If I told him to close both it would have about 408ish.
buy order was -278 and a sell order was +38.
I looked at the e/j daily/H4/ and h1 charts then told him to close the buy and bank about 50 pips on the sell then close it. Put a stop just above the current resistance area at about 48-50 just in case my assessment is totally off. Capital preservation...Hmmmm what that???
Well, he did and we started scalping. EJ started to push up and I told him that those tricky "ba.x*#U#ds" are going to do a quick stop hunt before a good size drop......sure enough. Hit my stop on my scalp trade with my micro and also the remaining order in the UK account.
18 pips above the 50 line, just enough to get all the dumb@ss's that put stops up there......!!!!!
Then it continued to drop 80 pips.
Remaining balance of 389ish.
OK. Now for my micro.
I was trying to hold trades. I'd see 5ish profit and then it would hit my stop.
I was down 35 pips and that's when I said to myself just click and scalp to b/e and then go to bed.
I had 9 scalps, all wins and was up 5 pips.
Well, e/j started to drop as suspected during that time and I got some pips out of it.....then is started to form a base on m1 so I figured I'd get a quick 10-15. I saw 5.2 a couple times but said no way dude, I'm holding because it will usually retrace 20 without me.
I added once and needed 4 pips movement....then I added twice and only needed 2.5 pips more movement. It started to drop like a rock and so I increased lot value......after it got to about -$80 in the hole there was no letting go. Margin called right when e/j hit it's "real" bottom.....Now in this chart you can see that it's on a tear back to test the top..
I PERSONALLY FEEL IT WILL BREAK THIS TIME BECAUSE IT HAS HIT THAT AREA LIKE 7 TIMES OVER THAT LAST FEW DAYS BUT THE LARGEST CORRECTION WAS PRETTY BIG SO WE'LL HAVE TO WAIT.
Wait, did I say wait...?
Anyway.
Here is a pick.
If I would have been using the triangles I would have seen EVEN ON THE M1 CHART that there was NOT a signal to go long.....it bounced a bit but did NOT form a higher low to draw your line from.
I've got to quit thinking I'm going to miss the move....Thats bogus...plenty of time to get in these bad boys, plenty..
BUT IM A RED RAT NOW FOR SURE, F-GOING LONG. IT'S KILLING ME.
LOL
I'm posting the last 30 entries below that include the 9 wins that brought me back to $380ish. Now my account is showing 180ish. doh.
The last 8 entries at the top were after the orders were closed by the broker. Hmmmm 20pip G/U win. Accidental entry, looked at chart and said, yeah, it's going up too. I'm in the mood for holding, lets get a couple. LOL
At the extreme I was holding $6.60 pips with a $380 account. still had 27% margin available for a little bit....hehehehehe
EUR/JPY 10 B 130.885 130.953 6.8 7.65 0.00 10/9/2009 06:02 10/9/2009 06:03
EUR/JPY 10 B 130.887 130.923 3.6 4.05 0.00 10/9/2009 06:02 10/9/2009 06:03
EUR/JPY 10 B 130.915 130.864 -5.1 -5.74 0.00 10/9/2009 06:01 10/9/2009 06:02
EUR/JPY 10 B 130.945 130.898 -4.7 -5.29 0.00 10/9/2009 05:58 10/9/2009 06:00
EUR/JPY 10 S 130.980 130.940 4 4.50 0.00 10/9/2009 05:54 10/9/2009 05:57
EUR/JPY 10 B 131.032 130.980 -5.2 -5.85 0.00 10/9/2009 05:42 10/9/2009 05:54
EUR/JPY 10 B 131.002 130.980 -2.2 -2.48 0.00 10/9/2009 05:42 10/9/2009 05:54
GBP/USD 10 B 1.59396 1.59603 20.7 20.70 0.00 10/9/2009 05:42 10/9/2009 05:49
EUR/JPY 15 B 131.265 130.969 -29.6 -49.94 0.00 10/9/2009 05:26 10/9/2009 05:41
EUR/JPY 15 B 131.245 130.969 -27.6 -46.56 0.00 10/9/2009 05:27 10/9/2009 05:41
EUR/JPY 1 B 131.385 130.969 -41.6 -4.68 0.00 10/9/2009 04:19 10/9/2009 05:41
EUR/JPY 1 B 131.339 130.969 -37 -4.16 0.00 10/9/2009 04:31 10/9/2009 05:41
EUR/JPY 1 B 131.470 130.969 -50.1 -5.64 0.00 10/9/2009 04:06 10/9/2009 05:41
EUR/JPY 1 B 131.385 130.969 -41.6 -4.68 0.00 10/9/2009 04:19 10/9/2009 05:41
EUR/JPY 1 B 131.336 130.969 -36.7 -4.13 0.00 10/9/2009 05:20 10/9/2009 05:41
EUR/JPY 10 B 131.273 130.969 -30.4 -34.19 0.00 10/9/2009 05:21 10/9/2009 05:41
EUR/JPY 1 B 131.465 130.969 -49.6 -5.58 0.00 10/9/2009 03:55 10/9/2009 05:41
EUR/JPY 10 B 131.240 130.969 -27.1 -30.48 0.00 10/9/2009 05:30 10/9/2009 05:41
EUR/JPY 10 B 131.214 130.969 -24.5 -27.56 0.00 10/9/2009 05:35 10/9/2009 05:41
EUR/JPY 1 S 131.623 131.560 6.3 0.71 0.00 10/9/2009 03:32 10/9/2009 03:35
EUR/JPY 1 S 131.577 131.565 1.2 0.13 0.00 10/9/2009 03:24 10/9/2009 03:34
EUR/JPY 1 S 131.658 131.645 1.3 0.15 0.00 10/9/2009 03:21 10/9/2009 03:21
EUR/JPY 1 S 131.625 131.608 1.7 0.19 0.00 10/9/2009 03:17 10/9/2009 03:18
EUR/JPY 1 B 131.512 131.553 4.1 0.46 0.00 10/9/2009 03:16 10/9/2009 03:16
EUR/JPY 1 B 131.521 131.553 3.2 0.36 0.00 10/9/2009 03:15 10/9/2009 03:16
EUR/JPY 1 B 131.523 131.553 3 0.34 0.00 10/9/2009 03:15 10/9/2009 03:16
EUR/JPY 1 B 131.539 131.553 1.4 0.16 0.00 10/9/2009 03:15 10/9/2009 03:16
EUR/JPY 1 B 131.470 131.553 8.3 0.93 0.00 10/9/2009 03:15 10/9/2009 03:16
EUR/JPY 1 S 131.330 131.466 -13.6 -1.52 0.00 10/9/2009 02:49 10/9/2009 03:14
GBP/USD 1 S 1.60085 1.60201 -11.6 -1.16 0.00 10/9/2009 02:31 10/9/2009 02:43
157 -372.6 -199.31 0.00