Trading EUR/USD Daily Hi & Lo

Quote from JSSPMK:


Also, check out Monthly chart's 10 & 20 moving averages. Whilst 20 has been declining for a while now, 10 has recently started to bend down. (Optimism is very important :))
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At the present 1.3636/38 level now, it is near the top of 30MIN CHART RANGE for the past 2 weeks ....... a breakout out of this range will yield good rewards for medium term breakout traders.

My last comment in this thread. Good luck!
 
JS, seriously, I hope that you had a hard stop somewhere in here. I really do hate to see people lose money in trading. But with that said, I think I am having trouble understanding your trading Premise and Context, I wish I could help but I just don't understand.


The Ever Wishing You Well VIPER:D :D
 
Here's Johny!!

+420 pips +£13,440

It was a terrible trade from a lot of angles and it came ever so close to wiping out account balance. I got a margin call when Eur breached 1.38 Lol. When price kept yoyoing within range I knew I had to stick with it somehow & all in seemed to be the only way.

Quote from JSSPMK:

Quote from JSSPMK:

-132 pips (-£1,056)

Now Long 1.3660 £16 per pip
(Reverse order 1.3440 £32 per pip)

134 pips required to break even
156 pips +2%
181 pips +4%

-£3,520 (-220 pips)

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Now Short 1.3440 £32 per pip
Reverse order over 1.3800, not decided where exactly yet.

176 pips required to break even
189 pips required for +2%
201 pips required for +4%

Current series of trades is -£5,663 (-807 pips)
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Current results:

-85 pips/-£127.5 @ £1.50 per pip

+355 pips/+£1,065 @ £3 per pip

-120 pips/-£120 @ £1 per pip

+277 pips/+£554 @ £2 per pip

-165 pips/-£165 @ £1 per pip

-117 pips/-£234 @ £2 per pip

-172 pips/-£688 @£4 per pip

-132 pips/-£1,056 @ £8 per pip

-220 pips/-£3,520 @ £16 per pip

+420 pips/+£13,440 @ £32 per pip

Win/Loss: 30/70

ROI: +45.74%
 
Quote from Now is Now:

The Prodigal Son returns...nice hit JS:cool:

NiN
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TY!

I know it sounds crazy to some here, probably most, but the last trade is what this method is all about. It's similar to going 'all in' in poker. This account is up almost 50% in 3 months. But I am working on perfecting it, key is to start 1st position near the time of range expansion whatever time frame is being traded. This is based on Daily.
 
Look forward to your next sojourn....

Have my own theory as to how to reduce potential losses,but that flies in the face of "luck"...

NiN
 
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