To mitigate unpredictability and improve money management, I have closed 2 longs & one short, all with no loss. Intention is now to reduce remaining 3 EURCAD shorts down to just 2 positions, then there shouldn't be panic even if reversal does not ...

The Wanderings of Tashkent

I think spotting a reversal is hoping to be lucky. My current thinking is look for signs of exhaustion after price reaching a 'key' level, especially where stops are hunted. It seems key level always breaks. Reversal may happen shortly ...

The Wanderings of Tashkent

Doh...Didn't correctly apply 'Reversal Anti-Trend' entry criteria. Don't like how EURCAD is moving for now even though I believe it will eventually go south.

The Wanderings of Tashkent

Thank you Tashkent. I think I need to improve on quick-in and quick-out (win or lose), to avoid getting stuck with bad trades that kill me on DD.

The Wanderings of Tashkent

wow... just realised EURCAD, my favourite pair to short, has spiked. Shorted 1 micro-lot @1.4264

The Wanderings of Tashkent

Over the weekend, I gather my thought and wrote my first ever 'Trading Strategy', covering the following 4 scenarios:- Trend Continuation Reversal Anti-Trend Range-bound Breakout Trend I sense a further improvement in my trading. Winning rate is ...

The Wanderings of Tashkent

USDJPY... so exciting. Imagine it staying above the yellow line and up it goes. I have seen a trader fortune destroyed (account busted) betting it the wrong way.

USD/JPY Discussion

USDJPY coming down to test 117.94, perhaps?

USD/JPY Discussion

The dreaded AUDUSD positions recovered a little and are hedged at a lousy 0.8303 level.

The Wanderings of Tashkent

Scary... But I do believe such a strategy is a key to success. Will try it.

The Wanderings of Tashkent

Fantastic... I like your war analogy. I will have to think about the rescue strategy and not always sit out a worsening drawdown with vain hope.

The Wanderings of Tashkent

Oh no... keeps getting losers. I just realized my earlier good winning rate was because I mainly sold JPY, which was a sure thing due to incredible trend. Once I move away from shorting JPY, trend is not clear and losers keep coming. Looks ...

The Wanderings of Tashkent

My AUDUSD longs, actually. When there is a bounce, I would open shorts positions as hedge. Have done so twice and hence recovered a bit of losses. I have not tried other rescue methods. If AUDUSD retraces to 0.8440, then I will open shorts hedge ...

The Wanderings of Tashkent

You're joking, of course I do have live positions of AUDUSD from a few weeks ago, big losers that I'm still holding.

The Wanderings of Tashkent

Only 61% Jeez... my first thought was that must be an unusually low figure for you. I'm hovering around 76% with losers pips typically larger than winners. Still demo trading though, so winning rates may not be reliable. Perhaps I would ...

The Wanderings of Tashkent

I like the small chart window. It says something about the unique way you think & operate.

The Wanderings of Tashkent

Hi Tashkent, Do you trade for a living? Just wondering. BTW... Haven't been reading posts much, but I've been drawing lines per your suggestion and trading price actions. Though demo only, I'm taking it very seriously as if live trading. Still I'm ...

The Wanderings of Tashkent

Short USDCHF, you mean? Jeez... EURCAD shot up to a high of 1.42564. Missed the top already. Same etch like last time to short it again....

The Wanderings of Tashkent

I missed this as I Was away from the market. Looks like AUDJPY has been ranging since. Is long a good prospect in view of NFP? fyi, EURCAD messed with my mind and not making me happy right now.

The Wanderings of Tashkent