FX CHAOS!

[willoneau]

Entered US500 on pull back to were a re -entry would have occurred and stop not lowered ,
but stopped out for -1R. Was in two minds as i also liked support at 2630

 

[willoneau]

US500 now approaching 2672 looking for short signal.

 

[willoneau]

Looking at possible false break above recent high to go short.
strength showing on 30min chart but not sure until current bar closes in 20min.

 

[cynic]

Dumped my EUR/USD long exposure and opened a few small shorts half an hour ago!
Drats!!!! Foiled again!!!!
Grrrr!!!

 

[willoneau]

Hi cynic were all small shorts in EUR ?

 

[cynic]

Hi cynic were all small shorts in EUR ?

Yep

 

[willoneau]

Entry short US500 2652

 

[willoneau]

Exit short US500 1R loss.

 

[Triple B]

Gday Will Just finishing log for last night. More organised today and have a strategy for the night
Back soon. long xau to 1225 2:1

 

[andymac]

its chaos already.
golf day home late. sat did half an hour of set up work, got organised , put a couple of orders in, went for a shower came back to chat to you guys and all orders been hit,,,,,
so long US @2656, isl 2651
long aud .72414, isl .72349
long gbp 1.28199 isl 1.28047..... stopped out

first 2 look ok .. GBP not happy , and stop just hit and i didn't get a chance to manage that stop tighter and limit loss

 

[willoneau]

Good to hear triple look forward to seeing how it goes.

 

[willoneau]

GBP being a pain bouncing around , my stop further way today.

 

[Triple B]

Golf. thats the thing Im sacrificing to learn to trade. 3-4 days a week after work was at the golf course. Now only Saturday morning comp. should go Sundays but often work!

 

[willoneau]

How was the golf going triple what's your handy cap?

 

[andymac]

golf was good haven't played for a couple of months now, usually play every wednesday, so bit rusty but hit it ok. handicap 16 for me
interesting discussion you guys having about stats etc. i am going to play devils advocate here, i had a much better evening last night, if i said 60% win ratio, ave win/loss ratio 5:1 sounds ok ???? well is ok.
but on the other hand really i had one win for 45 bucks and one loss of 5.60.
and 3 BE trades of .29, .21, and -.33. but to me they were the most important trades of the session.

 

[willoneau]

Good result andy , forget about the bucks concentrate on the process.
45 bucks today, 450 bucks tomorrow, 4500 bucks the day after

 

[Triple B]

Good stuff Andy . Looks like you both had winning nights and I had a shocker. -10% so down to $9 Risk
hcp is 10 at the moment Will, no short game , hit em ok though.

 

[willoneau]

Just moved my GBP stop up first time since taking trade as it dipped below support creating a false break i hope. Moved my stop up as hoping doesn't work.

 

[cynic]

Good stuff Andy . Looks like you both had winning nights and I had a shocker. -10% so down to $9 Risk
hcp is 10 at the moment Will, no short game , hit em ok though.

If it's any consolation, last night was my worst in over a fortnight. I would rather not disclose the magnitude of the percentage decline in my account equity, lest I unwittingly elicit a sermon on the importance of risk mitigation.

 

[Triple B]

Just put a buy limit under gold price @ 1223.65 sl1222.40 tp 1227.63
Only way to get into long as Buy after BO is less than 2:1 RR to 4hr resistance