Stop moved to 119.86
Open Risk= 120.53 - 119.86 = 67 pips (of 183) = 0.37 risk points
Open Risk= 120.53 - 119.86 = 67 pips (of 183) = 0.37 risk points
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Tradergreg Forex
- Thread starter TraderGreg
- Start date
And there we have it. Out.
Despite the loss, I really enjoyed that trade.
Long EUR/JPY result: -67 pips = -0.37 risk points
1 Wins, 6 Losses.
Win Percentage: 1/(1+6) = 17%
Cumulative Risk Premia: -2.11
Average Risk Premia: about -0.30 risk points
Last trades, recent at top
-0.37
-1.00
-0.20
-1.00
-0.63
-0.03
+1.12
At my highest point I was about +14 risk points back in the day, and I was actual placing real trades. I have no idea how I did it.
At least trading is fun anyway.
Despite the loss, I really enjoyed that trade.
Long EUR/JPY result: -67 pips = -0.37 risk points
1 Wins, 6 Losses.
Win Percentage: 1/(1+6) = 17%
Cumulative Risk Premia: -2.11
Average Risk Premia: about -0.30 risk points
Last trades, recent at top
-0.37
-1.00
-0.20
-1.00
-0.63
-0.03
+1.12
At my highest point I was about +14 risk points back in the day, and I was actual placing real trades. I have no idea how I did it.
At least trading is fun anyway.
A little too much fun.
Long GBP/NZD (I added a fun pair, low enough spread).
Trigger: 2.0696 @ Market
Stop: 2.0540
Cancellation: N/A
Risk: 156 pips = 1.00 risk point
1 Wins, 6 Losses.
Win Percentage: 1/(1+6) = 14%
Cumulative Risk Premia: -2.11
Average Risk Premia: about -0.30 risk points
Last trades, recent at top
-0.37
-1.00
-0.20
-1.00
-0.63
-0.03
+1.12
At my highest point I was about +14 risk points back in the day, and I was actual placing real trades. I have no idea how I did it.
At least trading is fun anyway.
Long GBP/NZD (I added a fun pair, low enough spread).
Trigger: 2.0696 @ Market
Stop: 2.0540
Cancellation: N/A
Risk: 156 pips = 1.00 risk point
1 Wins, 6 Losses.
Win Percentage: 1/(1+6) = 14%
Cumulative Risk Premia: -2.11
Average Risk Premia: about -0.30 risk points
Last trades, recent at top
-0.37
-1.00
-0.20
-1.00
-0.63
-0.03
+1.12
At my highest point I was about +14 risk points back in the day, and I was actual placing real trades. I have no idea how I did it.
At least trading is fun anyway.
How do you go about determining your entries?
Thanks!
Thanks!
Bar/candle patterns, chart patterns, time, Elliott Wave, sometimes fibs, TL duplications. I don't have anything besides bars on my screen.
Long GBP/NZD Result: -156 pips = -1.00 risk points
Just a mistake. If I had an IQ greater than 5 I would be holding a limit buy order with a more generous stop as well. Time to take a few weeks off.
1 Wins, 7 Losses.
Win Percentage: 1/(1+7) = 12.5%
Cumulative Risk Premia: -3.11
Average Risk Premia: about -0.39 risk points
Last trades w/ date of close, recent at top:
-1.00 5/3
-0.37
-1.00
-0.20
-1.00
-0.63
-0.03
+1.12
I want to keep track of a limit buy 5/3 of USD/CAD.
Just a mistake. If I had an IQ greater than 5 I would be holding a limit buy order with a more generous stop as well. Time to take a few weeks off.
1 Wins, 7 Losses.
Win Percentage: 1/(1+7) = 12.5%
Cumulative Risk Premia: -3.11
Average Risk Premia: about -0.39 risk points
Last trades w/ date of close, recent at top:
-1.00 5/3
-0.37
-1.00
-0.20
-1.00
-0.63
-0.03
+1.12
I want to keep track of a limit buy 5/3 of USD/CAD.
I want to keep track of two theoretical trades I would have taken.
1. the GBP/NZD long if I used my 3-day signal instead of my aggressive 1-day. This has triggered.
2. the USD/CAD Long, which would have triggered now and the stop would be moved to a profit of about 0.1 risk points.
Still not taking any trades for a few weeks, but I'll have fun keeping an eye on these two and I'll certainly learn something from both (the effects of aggressive entries for 1 - a lesson I keep unlearning, and trade management for 2).
1. the GBP/NZD long if I used my 3-day signal instead of my aggressive 1-day. This has triggered.
2. the USD/CAD Long, which would have triggered now and the stop would be moved to a profit of about 0.1 risk points.
Still not taking any trades for a few weeks, but I'll have fun keeping an eye on these two and I'll certainly learn something from both (the effects of aggressive entries for 1 - a lesson I keep unlearning, and trade management for 2).
As it appears the USD/CAD is not going to make a new high today, I would close my trade at +1.25-1.33 risk points.
On the GBP/NZD, it is become much clearer to me why this has not taken off when I view the weekly chart. On the daily and 3-day it looks much more bullish. It is rather difficult for me to combine all these timeframes in my mind, but there is significant wisdom lost in ignoring them.
Perhaps some more experience and an extra monitor or two will do the trick a few years down the road. A smarter brain would certainly help too.
On the GBP/NZD, it is become much clearer to me why this has not taken off when I view the weekly chart. On the daily and 3-day it looks much more bullish. It is rather difficult for me to combine all these timeframes in my mind, but there is significant wisdom lost in ignoring them.
Perhaps some more experience and an extra monitor or two will do the trick a few years down the road. A smarter brain would certainly help too.
Long USD/CHF
Trigger: 0.8806 @ Market
Stop: 0.8721
Cancellation: N/A
Risk: 85 pips = 1.00 risk point
1 Wins, 7 Losses.
Win Percentage: 1/(1+7) = 12.5%
Cumulative Risk Premia: -3.11
Average Risk Premia: about -0.39 risk points
Last trades, recent at top:
-1.00
-0.37
-1.00
-0.20
-1.00
-0.63
-0.03
+1.12
Trigger: 0.8806 @ Market
Stop: 0.8721
Cancellation: N/A
Risk: 85 pips = 1.00 risk point
1 Wins, 7 Losses.
Win Percentage: 1/(1+7) = 12.5%
Cumulative Risk Premia: -3.11
Average Risk Premia: about -0.39 risk points
Last trades, recent at top:
-1.00
-0.37
-1.00
-0.20
-1.00
-0.63
-0.03
+1.12
: )
1 Wins, 8 Losses.
Win Percentage: 1/(1+8) = 11.1%
Cumulative Risk Premia: -4.11
Average Risk Premia: about -0.46 risk points
Last trades, recent at top:
-1.00
-1.00
-0.37
-1.00
-0.20
-1.00
-0.63
-0.03
+1.12
I'm a bit surprised at how awful I am.
1 Wins, 8 Losses.
Win Percentage: 1/(1+8) = 11.1%
Cumulative Risk Premia: -4.11
Average Risk Premia: about -0.46 risk points
Last trades, recent at top:
-1.00
-1.00
-0.37
-1.00
-0.20
-1.00
-0.63
-0.03
+1.12
I'm a bit surprised at how awful I am.