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AlastorFate replied May 31, 2016Currency pair: AUD/USD This pair safer to take long than to take short positions currently. Entry limit: 1.7256 to 1.7263 level TP: Let it run (or until clear technical levels appear)
Game of Pips
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AlastorFate replied May 31, 2016TP 1: 1.1108 to 1.1113 TP 2: 1.1091 Stop Loss: Manual manage once price hits 1.1050s
Game of Pips
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AlastorFate replied May 31, 2016Short at 1.1145 PT 1: 1.1110s Change to short at 1.1141
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AlastorFate replied May 31, 2016No position now. Wait for price to get to 1.1110 level.
Game of Pips
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AlastorFate replied May 31, 2016Closed my remaining position at 1.1173. Reenter (long) at 1.1149 0r 1.1147 Short term profit target: 1.11830
Game of Pips
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AlastorFate replied May 31, 2016Can consider taking some profit at 1.11600 to 1.11700 level. Minor resistance there. Might get a small reversal as this is a fresh level. Personal profit: Took profit at 1.11550, 1.11560. (23 pips profits) If price does a worst case scenario ...
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AlastorFate replied May 30, 2016Changed profit target to a better level TP: Trendline B to false break of Trendline A: 1.13370 Both trendlines are strong resistance levels, but there is a possibility trendline B might be broken through.
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AlastorFate replied May 30, 2016Currency Pair: EUR/USD Trade Type: Breakout trading on 1H chart Long: 1.11338 Stop Loss: Manual manage when price hit 1.1115 Target: 1.1268 1.13370 (edit 1)
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AlastorFate replied May 29, 2016EUR/USD Overview Monthly S3 1.02694 S2 1.07747 S3 1.09439 P 1.12800 R1 1.14492 R2 1.17853 R3 1.22906
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AlastorFate replied May 29, 201625 Rules of Day Trading 01. The Market pays you to be disciplined... 02. Always lower your trade size when you are trading poorly... .......
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AlastorFate replied May 29, 2016Trend Following Lessons and Anecdotes The old bromide the trend is your friend may be the most widely used and repeated cliche heard in the trading business. Yet, there is a certain wisdom in its simplicity that should not be overlooked. After all, ...
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AlastorFate replied May 29, 2016Psychology Use the right system that suits your personality Everyone of us have different level of appetite for risks. Use one that you are comfortable with using. Factors to consider Winning vs loss rate Risk reward ratio Trade with a carefree ...
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AlastorFate replied May 29, 2016Style: Swing Trading, Day Trading Trading System 1: False breakout on higher time frame (Swing Trading) Entry Points Enter at fresh level on the higher time frame chart (mth, week) Anticipate large swings price movements that will stop out typical ...
Game of Pips
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Game of Pips
Started May 29, 2016|Trading Journals|21 replies
Trader Profile Trading Style Price Action, Technical Analyst Discretionary Profit Taking, ...
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AlastorFate replied Nov 3, 2013Yes, respecting the risk is important. My approach may differ a bit from yours but our objectives are pretty much the same. Trading survivability and consistent profits in the long run. And thanks. : )
Popular Trading Tips: Truths or Myths
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AlastorFate replied Nov 3, 2013Being open to different perspectives is crucial to growth and breakthrough. Understanding and evaluation of differing ideas even though the ideas might seem contradict one another in ideology is what gives rise to even better ideas. Different styles ...
Popular Trading Tips: Truths or Myths
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AlastorFate replied Nov 1, 2013Those are just arguments/opinions. No truths. People should ignore what I say if what I have said doesn't work for them. People can trade whatever way they want. :3 Thanks. I still have much to learn. ;;; On the other hand, you brought up your ...
Popular Trading Tips: Truths or Myths
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AlastorFate replied Nov 1, 2013Nothing wrong with risk management. I will just say with the methodology I am using now to trade the market, limiting the position size to a small amount (2% risk or less) is unnecessary. It would be just a difference between a bigger profit and a ...
Popular Trading Tips: Truths or Myths