From first live trade to.....?

Im a muppet for not getting my SL to BE before the GDP release: trade was in profit pretty much from when the order was placed to the (very important) data release! Account just over 1% in profit
 

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I dont know if this is a standard tactic but I could have also put a sell order for eur/gbp at 88.50 with say 20 pip sl after I set the sl on the buy to BE. That way its a kind of hedge. Its before a news release so cant really lose money.
 
gbp/usd again struggles to break resistance at 1.5860. Nice for a sell and sl to BE after 20 pips profit (I didnt take it)
 

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Well, my first live month is over and my account is (after rebates) 1.4% in profit. It was at 3% profit but dropped after my broker got a bit cheeky (I think) on one of my trades causing a slight loss instead of a decent win. I also made the mistake of not putting my SL to BE on the eur/gbp just before the uk gdp release.

My virtual account is about 15% in profit :cheesy: Basically I had the problem of undertrading. I spotted lots of good entry points but lost the bottle when it came to placing the order. Suppose there's not much point spotting good entry points and then not having the balls to place the orders.

So from now on, I will be looking to have more confidence in my entry points.

I stayed away last week because of the QE2 and was waiting for the dust to settle. Have some levels eyed up so looking to get in...
 
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Some possible trades based and basic S&R and market sentiment. Also like to see them line up with a key fib levels or obvious trend lines. I may change my mind depending on news etc ; price may not reach level for a long time, or lost bottle :cheesy:

sell eur/gbp 86.50

sell eur/jpy 113.90

sell eur/chf 1.3528

sell usd/chf 0.9738-0.9758

buy aud/usd 1.0064 - 1.0021 more likely 1.0021

sell eur/usd 1.4000

buy aud/jpy 81.50

buy gbp/usd 1.6090; I had 1.6105 marked but it hit early this morning

not sure about eur/usd as its stuck in that range. I think aud/jpy amounts to buying aud/usd and buying usd/jpy so dont like it because of the sell off in usd/jpy but it seems to have found support around 81 for now.

Still looking to sell the pound in future though when the cuts, vat rise, house price falls, lack of consumer spending start to take effect.
 
Scotty2Cues said:
Some possible trades based and basic S&R and market sentiment. Also like to see them line up with a key fib levels or obvious trend lines. I may change my mind depending on news etc ; price may not reach level for a long time, or lost bottle :cheesy:

sell eur/gbp 86.50

sell eur/jpy 113.90

sell eur/chf 1.3528

sell usd/chf 0.9738-0.9758

buy aud/usd 1.0064 - 1.0021 more likely 1.0021

sell eur/usd 1.4000

buy aud/jpy 81.50

buy gbp/usd 1.6090; I had 1.6105 marked but it hit early this morning

not sure about eur/usd as its stuck in that range. I think aud/jpy amounts to buying aud/usd and buying usd/jpy so dont like it because of the sell off in usd/jpy but it seems to have found support around 81 for now.

Still looking to sell the pound in future though when the cuts, vat rise, house price falls, lack of consumer spending start to take effect.
Click to expand...

Only just logged on. The only ones that reached levels are gbp/usd and aud/jpy. gbp/usd hit around midnight so I missed that one. It went 61 pips in profit and has just come back. Im not putting the trade on as it may have come back too soon....

Aud/jpy hit but Im too late. Going onto profit but usd/jpy could go lower and aud/usd looks like its struggling so aud/jpy may not go far
 
Lovely buy entry now coming up on gbp/usd at 1.5975 Good S&R and 50% fib

BUT looking like BOJ intervening and not a liquid time so will prolly give it a miss.

That aud/jpy buy would have been nice!
 

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Started to play a bit of NL 6 max poker again after taking a long break. Put on $110 and after 11,000 hands account up to $175, some of that is bonus. I lost a good chunk during the first 5000 hands. The last 5000 hands I used poker tracker, results below. I play 2 tables at once, I have played 9+ but its a disaster as I play like a nit. I have no idea how these guys like nanonoko play 24 tables at once at the high stakes and win good!

Only playing NL10 but hope to take a shot at NL25 when I get to $250
 

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Scotty2Cues said:
Some possible trades based and basic S&R and market sentiment. Also like to see them line up with a key fib levels or obvious trend lines. I may change my mind depending on news etc ; price may not reach level for a long time, or lost bottle :cheesy:


buy aud/usd 1.0064 - 1.0021 more likely 1.0021
Click to expand...

didnt like to put it on as looking like something a happening with yen and low volume time , but looking like it may hold.

The gbp/usd at 1.5975 mentioned previously may hold too....
 

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Scotty2Cues said:
didnt like to put it on as looking like something a happening with yen and low volume time , but looking like it may hold.

The gbp/usd at 1.5975 mentioned previously may hold too....
Click to expand...

Looks like the aud/usd buy at 1.0021 and gbp/usd buy at 1.5975 held even with that usd/jpy spike during low volume hours.

SL could have been moved to BE on both trades.

They were lovely entries but I wondered if the Bank of Japan was intervening and so didnt know how likely they were to hold esp as it was during a time of low liquidity.
 
Scotty2Cues said:
Some possible trades based and basic S&R and market sentiment. Also like to see them line up with a key fib levels or obvious trend lines. I may change my mind depending on news etc ; price may not reach level for a long time, or lost bottle :cheesy


sell usd/chf 0.9738-0.9758

.
Click to expand...

already had a decent retrace within 20 pips of .9738 so think it will break through. Will look at higher level to sell.
 
Looking at:

usd/jpy sell at 82.50 - 83

eur/jpy sell at 113.55 - 114

eur/gbp sell at 85.90 - 86.30

eur/chf sell 1.3530

May also reduce risk to 0.5% per trade as still finding excuses to not put the trade on, the last 3 would have been winners: aud/jpy, aud/usd, gbp/usd. Nothing to do with money I cant afford to risk but more I want to be playing with the casinos money before I start increasing risk. Having the account at 5% profit will also give me more confidence than if at -5%
 

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Didn't place any orders (surprise surprise) as news was coming out and I had to go out. Looking to get in somewhere...
 
Placed a sell order eur/usd 1.3735 SL 50 risking 0.5%, but thinking there hasnt been enough time lapse since it broke support at 1.3735.

On the plus side euro debt worries coming back a bit and us data slightly improved.

Dont like it because its after London close but I can always find reasons not to like a trade
 

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Scotty2Cues said:
Looking at:

usd/jpy sell at 82.50 - 83

eur/jpy sell at 113.55 - 114


May also reduce risk to 0.5% per trade as still finding excuses to not put the trade on, the last 3 would have been winners: aud/jpy, aud/usd, gbp/usd. Nothing to do with money I cant afford to risk but more I want to be playing with the casinos money before I start increasing risk. Having the account at 5% profit will also give me more confidence than if at -5%
Click to expand...

Continuing theme this month. Both would have been winners if I had taken them plus the usd/chf sell at 0.9758 and the aud/jpy aud/usd and gbp/usd.

The only one I did take, yesterday's, eur/usd lost and think it was out of frustration.
Have promised myself to take the next setups unless some hefty news comes out.

gbp/usd: buy 1.6065 but prefer buy 1.5975

usd/chf: sell 0.9758 but like 0.9800 alot more

usd/jpy: sell 82.75 (I nearly put this on yesterday) and 83.00

eur/jpy sell 113.55 but prefer 113.90

eur/gbp sell 0.8558 0.8590

aud/jpy buy 81.50

will risk 0.5%. Not bothered about correlation/inverse correlations, just need to get good trades on, Im missing out big time (again)

I dont expect to see much action today as US bank holiday and G20

Some nice lineups last night, esp these: http://www.thepropositionband.com/
 
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