The story of Yirbu

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Yirbu
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The story of Yirbu

Postby Yirbu » Mon Nov 07, 2022 10:18 am

Today I am starting my own thread.
The last months I have been cluttering the threads of others who have been extremely kind and trying to push me in the right direction.
For this, I thank you all.

Now it's time to "do" as there is no "try"

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Yirbu
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Re: The story of Yirbu

Postby Yirbu » Mon Nov 07, 2022 10:25 am

This week I started trading and had some nice examples of how I am trading now.

The deadhorse delivered some pips this morning;

221107 - US30M1.png
221107 - US30M1.png (149.13 KiB) Viewed 44435 times


Also inspired by Don_xyZ, 40 more pips;

221107 - EURUSDM1.png
221107 - EURUSDM1.png (164.68 KiB) Viewed 44435 times

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Re: The story of Yirbu

Postby aliassmith » Mon Nov 07, 2022 10:53 am

Yirbu wrote:This week I started trading and had some nice examples of how I am trading now.

The deadhorse delivered some pips this morning;

221107 - US30M1.png

Also inspired by Don_xyZ, 40 more pips;

221107 - EURUSDM1.png


Nice work!
Trade Your Way as Long as It Makes Money!

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Re: The story of Yirbu

Postby Goonslinger » Mon Nov 07, 2022 8:25 pm

What RR are you targetting for deadhorse trades?
"So let it be written; so let it be done."

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Yirbu
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Re: The story of Yirbu

Postby Yirbu » Mon Nov 07, 2022 9:38 pm

Goonslinger wrote:What RR are you targetting for deadhorse trades?


Aiming for at least X1 but taking what the market wants to give.
Today my minimum trade was X3 and my last deadhorse trade was x10
Learning to take more and more every day.

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Re: The story of Yirbu

Postby kiwiarian » Mon Nov 07, 2022 10:54 pm

Good stuff. What is the strategy with the big boxes called?

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Re: The story of Yirbu

Postby Don_xyZ » Tue Nov 08, 2022 2:15 am

Nice and cozy here.
Loving it :)
Also, good job on that Monday trade! I see you're getting very good at catching 'em pips! :)
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MENTAL FORTIFICATION
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Yirbu
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Re: The story of Yirbu

Postby Yirbu » Tue Nov 08, 2022 9:17 am

kiwiarian wrote:Good stuff. What is the strategy with the big boxes called?


I have no idea. It's Don's way.

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Yirbu
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Re: The story of Yirbu

Postby Yirbu » Tue Nov 08, 2022 9:51 am

Don_xyZ wrote:Nice and cozy here.
Loving it :)
Also, good job on that Monday trade! I see you're getting very good at catching 'em pips! :)


Well, thank you... making it nice and cozy in my new home :D

Yes, Monday was good day. Today we are still dancing around that parity level.

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Yirbu
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Re: The story of Yirbu

Postby Yirbu » Tue Nov 08, 2022 12:21 pm

This morning was interesting.
It's like a little story...

My first trade did not want to go down so I closed it at +1R
Second trade I immediately got killed.
3th trade short looked good at X10 so I decided to anchor it.

But then price started retracing so I realized I hadn't thought this through properly...
What now?
I decided to hedge and went long expecting price to bounce on the parity level. When it did I opened a new short and both shorts ran into my BE level of position 4.
After price continued down, I don't know what happened, but I accidentally closed my 5th trade. (at +3R) Annoying but no disaster.

At X18, my anchor trade came into a demand area and printed a pinbar.
Hmmmm....could I expect a new pullback? Would it retrace? So I went long to hedge my short again.
Tried to add, failed the first time and was able to open a new long which I eventually closed at +4R.
Eventually price was dancing around that 1.0 level so I closed my anchor trade at +2R and my long at +7R.

In the end I banked +15R which is good but obviously I had to close my anchor trade at X18 instead of at X2 :-(
That was stupid but I find it's difficult to see if price continues or retraces.
Still happy with the bottom line.



221108 - EURUSDm1.jpg
221108 - EURUSDm1.jpg (231.82 KiB) Viewed 44263 times

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