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- 31 Results (1 Thread , 30 Replies )
- TheAverageYuppy replied Feb 14, 2007
ok move the stop on the EURGBP trade to .6719, we are virtually at break even. i expected resistance for the EURO at this level, we can expect a retrace...but how much i cannot tell. all i know is that it is not safe to add until 1.3025, so 1% at ...
- TheAverageYuppy replied Feb 14, 2007
gold is going to accelerate to at least the prior high. buy it now!
- TheAverageYuppy replied Feb 14, 2007
sorry the stop loss is 1.2940
- TheAverageYuppy replied Feb 14, 2007
o yeah, the price is around 1.3065
- TheAverageYuppy replied Feb 14, 2007
ok my first analysis i think was a better one. take a nibble. 1% on EURUSD going long with a stop at 1.2861
- TheAverageYuppy replied Feb 13, 2007
i wanted to keep this thread all EURUSD even though i trade lots of other vehicles...but im getting kinda bored since EURUSD is stagnant for now. Trade #8 Enter immediately short on EURGBP (i have around .6696) 1% with stop at .6797
- TheAverageYuppy replied Feb 12, 2007
ok, cancel trade signal #7. the trading climate is muddy with no real indication of where it could be heading. sit this one out until further notice
- TheAverageYuppy replied Feb 8, 2007
our stop was 1.2876 and my entry was 1.2961 that's 85 pips, means .012% per pip. at 1.3041, we made 80 pips so that is +.941% that means we are currently at -1.267 % just to reiterate. new trade potential Trade signal #7 Buy EUR/USD Entry: if it ...
- TheAverageYuppy replied Feb 8, 2007
EURUSD Unfortunately market conditions arent the best. take profit while we can. 1.3041 We will enter 1% if it breaks 1.3064 with a stop at 1.2878
- TheAverageYuppy replied Feb 3, 2007
entry was 1% risk at 1.3038 with stop at 1.2979 which is a stop of 59 pips, meaning each pip is worth .017%. We raised the stop to 1.2999 which was hit for a loss of 39 pips at .017% each, making for a loss here of .663% which we will add to our ...
- TheAverageYuppy replied Feb 1, 2007
Modify Trade #6 Most likely this will be hit, but we can move our stop to 1.2999 reducing our risk
- TheAverageYuppy replied Feb 1, 2007
Trade signal #6 Buy EUR/USD Entry: Stop limit price 1 pip + spread above 1/31/07 high of 1.3038 Stop Loss: 1.2979 Amount to risk: 1% (half position) Current P/L: -1.545%
- TheAverageYuppy replied Jan 26, 2007
Trade signal #4 was entered long, risking 1%, at 1.2920 and stop originally at 1.2699. This is a difference of 221 pips. Therefore each pip is .0045%. We lost 10 pips so that is .045% Trade signal #5 was entered long, risking 1%, at 1.2988 and stop ...
- TheAverageYuppy replied Jan 26, 2007
I moved our stop losses to a more conservative #. If I kept it where it was, it would have been better. I knew there was a chance of this happening, but I moved stops anyways. Why? Because in the long run its more about survival than making money. ...
- TheAverageYuppy replied Jan 24, 2007
i completely agree with your statement about arbitrary numbers. i have been adamantly opposed to this in the use of stop losses or entries the reason is that the # is usually based upon manual backtesting and basically you are trying to use the past ...
- TheAverageYuppy replied Jan 24, 2007
hanover you mentioned "To be consistently successful, then, a system must identify and exploit element(s) of non-randomness amongst the chaos. " this is exactly what i have been trying to do with my research and studies. i think i have been ...
- TheAverageYuppy replied Jan 23, 2007
in my analysis, there are basically 3 ways of trading. trend following-works great in trends, but you lose it all during a range breakout trading-works when it does, fails when it doesnt. you make during successful breakouts but lose it when false ...
- TheAverageYuppy replied Jan 23, 2007
Modify Trade signal #4, #5 Congrats, we are about 110- pips up on trade signal #4 and about 40 pips up on trade signal #5. In both cases we had minimal risk. Reducing risk is more than just the 1%/2% rule. Your method must actively reduce risk. This ...
- TheAverageYuppy replied Jan 18, 2007
i have not read this whole thread but i took a look at the document. correct me if i am wrong but this seems like a breakout trading method, based on the ATR, right? so it has the same basic underlying method as say...a moving average crossover but ...
- TheAverageYuppy replied Jan 17, 2007
Modify Trade signal #4 If price breaks 1/16/07 daily high of 1.2988 move stop below 1/12/07 low of 1.2863 Trade signal #5 Buy EUR/USD Entry: Stop limit price 1 pip + spread above 1/16/07 high of 1.2988 Stop Loss: 1 pip + spread below 1/12/07 low of ...