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EURJPY: 139.78 entry; 139.60 Stop; 4hr chart

Ok, I see at least 2 problems with that trade:

1: You were attempting to buy at a resistance area (see chart below). If you still want to buy wait at least for a breakout and a pullback.

2: Your stop was way too small for your time frame (4H).
 
Where was my stop supposed to be then?

New Trade:

attachment.php
 
Short AUD/CHF at 0.8300
Stop at 0.8346

Out at .8326, 26 pip loss.
Total since beginning: minus 30 pips.

Not a bad month after all, drawdown was reduced by more than 90% and the system managed to generate a small 30 pip loss, from May 4 to June 4.
 
Out at .8326, 26 pip loss.
Total since beginning: minus 30 pips.

Not a bad month after all, drawdown was reduced by more than 90% and the system managed to generate a small 30 pip loss, from May 4 to June 4.
I am up 62% last month,look up my long Canadian $ ,up 100 pips in just one trade
 
I am up 62% last month,look up my long Canadian $ ,up 100 pips in just one trade



62% of your total liquid net worth ?

or your 5k account on margin?

What is your worst Drawdown?

What is your avg expected DD in any givin year?


If you can make 2-3x your DD in a year, your doing damn good in my book. That's on total net worth. Not some little account .


I aim to keep draw down of liquid net worth around 15-20% max in a year and hope to make twice that. Even so, If I end the year positive I'm happy.



I like comparing the risk more than the reward.
 
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