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- michal7 replied Nov 4, 2014
A trade I'm currently in. I think pretty basic stuff. Nice BUOB yesterday, bought on a brake of it at 1.4230. Initial SL below BUOB at 1.4048, now already reduced at 1.4155. I took 40% off at 1.4298. If price goes above 1.43 I'll be break even. My ...
- michal7 replied Oct 31, 2014
Hi Verbal, I don't have any smart explanation for you. In my original post I said: Those bars highs(marked in purple) were not broken, actually price bounced just 5 pipse above them. I'm glad I didn't take the trade because of this and I'm sorry ...
- michal7 replied Oct 29, 2014
Hi Verbal, I was thinking about this trade too but what worries me are those bar highs right below the entry(marked in purple on my chart). If those will be broken we have a great chance to see 95. At this point is no trade for me but also because ...
- michal7 replied May 9, 2014
CONTINUED: My last 9 trades: EURUSD: pin bar at recent highs on 8h.: Risk 0.75%. Still opened. SL set to break even now. Might try to trail the stop if momentum is strong. Good thing is I learned from my losses. I have now few new rules: 1, Triple ...
- michal7 replied May 9, 2014
CONTINUED: My last 9 trades EURCAD short: pin bar below support: risk 0,42% loss 0,42%. Again I knew pin bar was small and too low but took it anyway. Don't know why. Also correllated with gbpcad so that's also reason why riskign less. GBPNZD long: ...
- michal7 replied May 9, 2014
This is really 90% psychological game... Person with average intelligence can learn basic S/R & price action stuff in few months, the hard part is to handle yourself. My last 9 trades: GBPUSD short: I entered based on indecision bar at recent highs. ...
- michal7 replied Apr 13, 2014
Thanks Mike, it's encouraging to read these words from you. Cheers, Michal
- michal7 replied Apr 12, 2014
BE is completely meaningless level to the market. After I saw second bar after the pinbar I wanted to move my SL above that bar but it was just few pips below my initial SL so I leave it there.
- michal7 replied Apr 11, 2014
What I do is very simple. Let's say my trading capital would be 1 000 000 EUR(it's not, unfortunately, it's just few thousands) I keep 80% of this in my bank so it would be 800 000 EUR. 20% would be in my broker account so it would be 200 000 EUR. ...
- michal7 replied Apr 11, 2014
Thanks Donaciello, I tried to simplify my trading further so I got rid of moving averages and fibonaccis. Ended up with black&white candlesticks and horizonal support/resistance lines and few trendlines. Please note that my Trade explorer results ...
- michal7 replied Apr 11, 2014
My last six trades... trying to keep it simple...
- michal7 replied Apr 3, 2014
Trade I took sunday night. Super basic stuff. Just wait for these...
- michal7 replied Mar 20, 2014
I'm in USDCAD too but since monday last week. Entered based on BUOB. Already at break even. Target at 1.1330 based on weekly.
- michal7 replied Feb 25, 2014
Reminiscences of a stock operator is the best trading book ever. Period. It's invaluable. I've read it several times and I always find something new. It's absolute gem. Reading about Jesse's development from his 14 into one of the greatest traders ...
- michal7 replied Feb 23, 2014
I'll be taking this one if it doesn gap too much to the downside. It's beautiful pin bar at strong PPZ and strong confluence of BRN 1.8500 and Divergence. It's also double top. There is minor S/R at 1.8350 but first significant level is 1.8225 and I ...
- michal7 replied Feb 13, 2014
I'm not as brave as it might seem. My entry was 1.0795 and it was triggered while I was not watching and when I saw it I was in loss already so I've just moved my SL above 1.0860(at 1.0880) to lower my risk. I woke up today and it was in profit. I ...
- michal7 replied Feb 13, 2014
AUDNZD finally broke down properly and hit my first TP at 1.0740. So half cashed in and second half set to BE. Now let's see if it was just a retrace or we go down to test the bottom again.
- michal7 replied Feb 13, 2014
So I'm out of this trade with little loss. Price missed my 1. TP by 3 pips. I had an itch to close it manually but I kept to my rule not to fiddle with trade once it's set up as thinking should be done before I enter trade. After a hard brake of my ...
- michal7 replied Feb 12, 2014
I also took AUDNZD long from pin bar on 24th of January, took 1/2 off at 1.0655, 1/4 off at 1.0837 and rest hit my TP at 1.09. That same day we got a big pin bar and then we got a pin bar also on weekly, that's why I entered thinking that even if ...
- michal7 replied Feb 12, 2014
Hi there! I'm in this trade too. Almost BE already(entry at 1.3618, SL now at 1.3635) but not profit yet. My first TP is at 1.3560 so few pips and I'm there. 2nd Tp at 1.3505. I also wanted to go short EURGBP but changed my mind. Should have not. ...