Eurusd

My trade on Friday.

Risked initial 5 pips, made 8.4.
 

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no new trades for me yet, but I am watching.

I can see both bulls and bears get trapped.
 
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My first trade for the day, 2% in the pocket.:whistling

Initial risk was 8 pips, then 5 and 1. Made 10 pips.
 

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Second trade of the day, pocket 1.75%

Initial risk 5 pips, made 7.5 pips. Took profit at the double bottom.
 

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Missed another one, I was posting, porco Giuda.

Never mind, money is not everything.
 

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Well, I think she has turned.
For those who have entered based on bearish bias, does not look good, until now....
 
Kudos to you Mike Kshemaraja, glad to see someone taking this pair on today. I've been avoiding the EUR/USD the last couple of days. I might be chicken lol but I've just not been able to get the timing right. Lost on the last 4 of my 5 trades, only small (im still learning live trading) but enough to make me consider taking a breather for a day or two and returning with a clearer head.

happy trading.
 
samirs said:
3.75% of what? of your trading capital?

so if you have $200K capital you made $7.5K today alone? Wow.
Click to expand...

Samirs

Yes, I risk 2% per trade of my capital, if I have 3 winning trades in a day I make 6% and if I lose 3 trades per day I lose 6% (less because my losses are smaller then my winners)

How much do you risk per trade of capital and how many trades in average you take in a day?
 
Mike Kshemaraja said:
Samirs

Yes, I risk 2% per trade of my capital, if I have 3 winning trades in a day I make 6%.

How much do you risk per trade of capital and how many trades in average you take in a day?
Click to expand...

thanks. I am not in your league. Miles to go.
 
samirs said:
thanks. I am not in your league. Miles to go.
Click to expand...

I have added this to my early post and I think it gives a more overall picture:

and if I lose 3 trades per day I lose 6% (less because my losses are smaller then my winners).

and you did not answer my questions, or maybe you did, never mind.
 
samirs said:
3.75% of what? of your trading capital?

so if you have $200K capital you made $7.5K today alone? Wow.
Click to expand...

Imagine if he's got 10mil (y)

I may not do anything tomorrow. First of all I don't like Fridays and I am satisfied with my weekly return so far, would be annoyed to spoil it with a shot in the dark if we drag lower towards 1.25. From what I see now I would only operate in the 1.2580/1.26 area early on or maybe much higher around 1.2640/60 later if we get massive cover. We'll see.

Just to introduce my style I usually go for 20-25 pips per day (and per trade, I don't scalp), with the occasional 50-60 if momentum is there. I have at most 25pips SL on ALL my trades, and NEVER allow more than 50pips loss daily.

Lots of happiness to all who get involved!
:)
 
Mike Kshemaraja said:
Samirs

Yes, I risk 2% per trade of my capital, if I have 3 winning trades in a day I make 6% and if I lose 3 trades per day I lose 6% (less because my losses are smaller then my winners)

How much do you risk per trade of capital and how many trades in average you take in a day?
Click to expand...


What's your R:R ratio - cause I'm struggling with the maths here?
 
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