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shellsnail replied Jun 1, 2015Today was really tiring... Didn't get a break because the trade was ongoing even in between sessions. And the news release dragged the session longer than usual. Plus I traded the asia session as well. So yes I'm up for more than 36 hours. Time to ...
Testing High Leverage Compounding
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shellsnail replied Jun 1, 2015Trading with a large R:R, not losing money is very very good. Given enough time, the winners will appear. My estimate is one per week (out of a total of 10 sessions traded). Last couple of weeks there was a dry spell I think. So this month may be ...
Testing High Leverage Compounding
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shellsnail replied Jun 1, 2015Made a mistake today on GU. Rules were not very clear at that part, but should have taken a conventional entry and it'd have worked out well with greater gains. The moves are pretty large today but still stifled. Most of the move from the news ...
Testing High Leverage Compounding
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shellsnail replied Jun 1, 2015nice. managed to get in... TP 1.51 or jumping stop-loss exit.
Testing High Leverage Compounding
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shellsnail replied Jun 1, 2015...execution lag and I missed the trade. hope we get a retest lol.
Testing High Leverage Compounding
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shellsnail replied Jun 1, 2015lol what a rough NY session... So many sell signals I took every single one of them and none worked until the last one...
Testing High Leverage Compounding
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shellsnail commented Jun 1, 2015hmm suspicious.. maybe some big player was trapped with large long and wanted to get out.
"Chatter" of Greek accord to be announced in 15:00 CET (14:00 London)
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shellsnail commented Jun 1, 2015Look for 150 pip drop and then reverse.
"Chatter" of Greek accord to be announced in 15:00 CET (14:00 London)
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shellsnail replied Jun 1, 2015The upside of using a systematic approach is that there's never any second guessing of what to do. No matter if I am trading 10k or 50$, it's exactly the same approach. The balance doesn't dictate the strategy. The price action does. The trade-off ...
Testing High Leverage Compounding
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shellsnail replied Jun 1, 2015Trade Management Stop shifted to lock in some gains after price hits 000 level. image
Testing High Leverage Compounding
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shellsnail replied Jun 1, 2015Back from breakfast... Looks like price did quite a retrace while I was gone.
Testing High Leverage Compounding
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shellsnail replied Jun 1, 2015So getting stopped out isn't such a bad thing if your system allows your to reenter appropriately
Risk on this trade was 12%. RR is about 10:1 image Testing High Leverage Compounding
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shellsnail replied Jun 1, 2015Entered short at 1.0950, but this still looks like it could go either way
Testing High Leverage Compounding
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shellsnail replied Jun 1, 2015haha. yup. Anyway it's almost Europe session and time to trade my rags2riches account. green pips to you.
Testing High Leverage Compounding
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shellsnail replied May 31, 2015Probably shouldn't trade the market open. Seems like I generally don't do well during this time as the moves are rather bizarre. There's no system to speak of. I am the system here. It's a work in progress. I'm developing my best set-ups, and I just ...
Testing High Leverage Compounding
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shellsnail replied May 31, 2015Exited all positions. Thesis/Trade idea today didn't work out all round (or maybe it will eventually but I wouldn't be able to trade it) Hit intraday loss limit of 3%. Done with discretionary trading for the day. Set-ups on EA and GA were great with ...
Testing High Leverage Compounding
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shellsnail replied May 31, 2015SL hit. Was it a loser. Yes. Was it a good trade. Certainly.
Testing High Leverage Compounding
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shellsnail replied May 31, 2015Long EUR/AUD Full sized. Hit into my intraday support level drawn earlier and also clear EW retrace pattern and coincides with value area (200EMA) + high volume move. A+ set-up. Actually it's not even A+, it's A++. One of my favourite set-ups of all ...
Testing High Leverage Compounding
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shellsnail replied May 31, 2015Sold AUD/USD at the intraday level I marked out earlier while preparing. image But only took 1/3 size because there was no clear patterns and neither was the move a conventional EW retrace or anything. perhaps this is common during Sunday but in ...
Testing High Leverage Compounding
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shellsnail replied May 31, 2015Lesson 2: Psychological Visibility and Your Relationship with Your Trading Coach "The best relationship is achieved when goals are linked to values are express distinctive strengths. Relentlessly identify, repeat, and expand what you do best -- even ...
Testing High Leverage Compounding