My real time forex trades

sim03 · Jul 26, 2006

Welcome back.

I'll be watching your countertrend, scale-in trades with interest. What kind of leverage do you normally use for this strategy?

TMcKenna · Jul 27, 2006

Quote from TMcKenna:

Thanks Abaker

Shorted eur/jpy just now at 147.99, will add one more lot at 148.50 if seen. No s/l for this trade.

Closed short at 147.24 for +75 pips

TMcKenna · Jul 27, 2006

Quote from TMcKenna:

Closed short at 147.24 for +75 pips

I think we will have another opportunity to short this around 148.00

RapidFireFX · Jul 27, 2006

Well done on the EURJPY call.

Good hunting!

TMcKenna · Jul 27, 2006

Quote from TMcKenna:

Shorted Eur/Chf at 1.5776, one lot as always, second lot will be shorted at 1.5850.
If my charts are right this pair is more overbought than anything right now.

Closed at 1.5726 for +50 pips

TMcKenna · Jul 27, 2006

Quote from sim03:

Welcome back.

I'll be watching your countertrend, scale-in trades with interest. What kind of leverage do you normally use for this strategy?

Usually I use 1:50, I don't think you need more than that

sim03 · Jul 27, 2006

Sure. What about leverage on each trade entry?

TMcKenna · Jul 27, 2006

Quote from sim03:

Sure. What about leverage on each trade entry?

It depends, but usually no more than 5% of my account (per single trade). Sometimes I have 5 trades open at same time so it would run up to 25% maximum.

TMcKenna · Aug 9, 2006

Shorted eur/jpy at 148.48, no stop loss for this trade, will add more above 149.00, ideally around 150 if seen.

TMcKenna · Aug 10, 2006

Quote from TMcKenna:

Shorted eur/jpy at 148.48, no stop loss for this trade, will add more above 149.00, ideally around 150 if seen.

Closed position at 147.49 for +99pips just now.
The reason being a bounce off the trendline at 147.20 so we might see higher levels yet to reshort.
Somehow I manage to pick almost exact short term top so my second entry doesn't get a chance, would've been fun if it was hit yesterday above 149.00.