The Backyard Trader (tarafından fxinvestfund)
Kullanıcı bu sistemi silmiş.
The Backyard Trader Tartışma
Oct 12, 2013 zamanından beri üye
163 iletiler
Jul 01, 2018 at 07:16
Project73 posted:
Nice journal you have here!
Thanks !
Trade safe!
Oct 12, 2013 zamanından beri üye
163 iletiler
Jul 01, 2018 at 17:50
GBPUSD - one of the currency pairs I'll be watching very closely this coming Monday - expecting a pull-back and then a bullish move to upper key price levels.
Lets watch it!
Lets watch it!
Ekler :
Trade safe!
Oct 12, 2013 zamanından beri üye
163 iletiler
Jul 03, 2018 at 03:42
So it is official news now....... $600 is my Nemesis......
Here are some of the challenges a trader sit with:
If you close the order before it hit your TP, you should have left it open
If you let the order run to hit your TP, you should have closed it early
If you move your SL you shouldn't have
If you don't move your TP you should have
NEVER say Should Have, Could Have, or Why did I....
So I'm pushing forward to $700 even though I'm down to $500 from $600. Nothing has changed, not my strategy or my risk.
I'm 18,6% down from last week. My max draw down is 35% so I have much room for movement.
If you are one of my followers and are not comfortable with this DD I'll understand if you withdraw from my services, but please come back or decrease your investment amount to a smaller amount you are more comfortable with.
Lets do this!!!
Here are some of the challenges a trader sit with:
If you close the order before it hit your TP, you should have left it open
If you let the order run to hit your TP, you should have closed it early
If you move your SL you shouldn't have
If you don't move your TP you should have
NEVER say Should Have, Could Have, or Why did I....
So I'm pushing forward to $700 even though I'm down to $500 from $600. Nothing has changed, not my strategy or my risk.
I'm 18,6% down from last week. My max draw down is 35% so I have much room for movement.
If you are one of my followers and are not comfortable with this DD I'll understand if you withdraw from my services, but please come back or decrease your investment amount to a smaller amount you are more comfortable with.
Lets do this!!!
Trade safe!
Oct 12, 2013 zamanından beri üye
163 iletiler
Jul 04, 2018 at 19:13
#GBPJPY - If you are one of my signal followers you will notice I have 3 open orders on GBPJPY. So where do I see this pair go? Well, my TP is at 146.60, however I see this pair heading towards 147.00 region tomorrow or Friday. I will keep my TP level for now where it is, because I want to bank some profit before I place more orders.
Hopefully the Asian session will push through my TP level otherwise I'll have to wait for the London session's volume to push the momentum bullish.
Hopefully the Asian session will push through my TP level otherwise I'll have to wait for the London session's volume to push the momentum bullish.
Ekler :
Trade safe!
Sep 29, 2016 zamanından beri üye
264 iletiler
Jul 05, 2018 at 07:26
fxinvestfund posted:
#GBPJPY - If you are one of my signal followers you will notice I have 3 open orders on GBPJPY. So where do I see this pair go? Well, my TP is at 146.60, however I see this pair heading towards 147.00 region tomorrow or Friday. I will keep my TP level for now where it is, because I want to bank some profit before I place more orders.
Hopefully the Asian session will push through my TP level otherwise I'll have to wait for the London session's volume to push the momentum bullish.
Nice analysis I feel the same about GBPJPY!
ourmyfxbook@
Oct 12, 2013 zamanından beri üye
163 iletiler
Jul 05, 2018 at 18:42
As anticipated GBPJPY had an awesome bullish spike this morning hitting my TP at 146.60 and banking 37.78% profit for the day pushing me back to just over 300% profit total gain. With my total acc also back above $600 I will now chase $700.
Tomorrow I'll be looking to trade GBPUSD and USDCAD. I'll bank whatever profit I can take and will not push for $700 tomorrow - that can wait till next week.
Tomorrow I'll be looking to trade GBPUSD and USDCAD. I'll bank whatever profit I can take and will not push for $700 tomorrow - that can wait till next week.
Trade safe!
Oct 12, 2013 zamanından beri üye
163 iletiler
Jul 06, 2018 at 15:13
And that brings us to the end of another week. Not as good as I was expecting, but I'm glad I at least closed in the green. For the week +1.31% and overall gain is +305.96%. My acc balance is at least above $600, which was my target last week.
My max draw down is still in tact and I don't see that I'll get near that again, but it has happened before so as the saying goes: 'Never say Never' :-)
Happy weekend all!
My max draw down is still in tact and I don't see that I'll get near that again, but it has happened before so as the saying goes: 'Never say Never' :-)
Happy weekend all!
Trade safe!
Oct 12, 2013 zamanından beri üye
163 iletiler
Jul 08, 2018 at 16:27
KovWiz23 posted:fxinvestfund posted:
With Monday around the corner it is time to switch on the charts and start looking at what to trade.
USDCAD is still very much on my radar. I see this pair heading down to 1.3050 region on Monday/Tuesday and even lower to 1.3000. I do anticipate a short term bullish move to 1.3110 region first though.
Also keep in mind the rate change announcement on Wednesday.
Trade safe!
Thank you for sharing your outlook.
Pleasure!
I hope it will add value to your trading decisions.
Trade safe!
Oct 12, 2013 zamanından beri üye
163 iletiler
Jul 09, 2018 at 12:34
KovWiz23 posted:
Of course it does! Would be great if you pop by my journal too. Cheers.
Will do!
Trade safe!
Sep 29, 2016 zamanından beri üye
264 iletiler
Jul 10, 2018 at 07:01
fxinvestfund posted:
GBPUSD orders have been setup and now we wait......
Anticipate price to push down to 1.3225 region and pick up on previous key Demand Level. I have a 20pip SL in place just in case the bearish momentum is too strong, but then I'll pick up another Buy order on the swing. I see this pair head to 1.3380 by tomorrow.
Trade safe!
Nice use of pending orders, nothing better than setting up a few 'traps' to catch the price!
ourmyfxbook@
Oct 12, 2013 zamanından beri üye
163 iletiler
Jul 12, 2018 at 15:39
My next setup will on AUDJPY pair with a Short Limit order at 83.500 region.....
Who is with me???
Who is with me???
Ekler :
Trade safe!
Jan 27, 2013 zamanından beri üye
447 iletiler
Jul 14, 2018 at 18:13
Can you provide an actual link to your copy trading signal service?
Oct 12, 2013 zamanından beri üye
163 iletiler
Jul 14, 2018 at 18:39
ovisun posted:
Can you provide an actual link to your copy trading signal service?
Yes sure, links below
MQL5: - https://www.mql5.com/en/signals/431684
SignalStart: - https://www.signalstart.com/analysis/...rdtrader/33528
Trade safe!
Oct 12, 2013 zamanından beri üye
163 iletiler
Jul 18, 2018 at 07:32
So, I tried to hedge my way out of a very unexpected move by GBPUSD and the hedge got stopped out all the time due to volatile price movement, which led to the current draw down I'm in. I cannot close the order, because then I'll face a 50% loss on the account so I have to ride this hedge until I reach a BE point on the 4 open buy orders. The short that hedges the 4 buy orders also got stopped out during Asian session so I have another ending short about 20 pips away from current price. All I can hope for is that GBP's CPI result this morning will push the price bullish far enough to hit my BE point.......
Trade safe!
Oct 12, 2013 zamanından beri üye
163 iletiler
Jul 23, 2018 at 07:00
So...... I'm taking this back up to $900!!!!
I've done this before and will do it again and this time I will keep it there!!!!
HOW?
DISCIPLINE, PATIENCE, COMMITMENT
You are either with me or against me.....
I've done this before and will do it again and this time I will keep it there!!!!
HOW?
DISCIPLINE, PATIENCE, COMMITMENT
You are either with me or against me.....
Trade safe!
Jan 05, 2016 zamanından beri üye
1189 iletiler
Jul 23, 2018 at 23:45
fxinvestfund posted:
So...... I'm taking this back up to $900!!!!
No you're not. You've just blown your account with a greater than 95% DD because you are not using ANY money management.
fxinvestfund posted:
I've done this before and will do it again and this time I will keep it there!!!!
No you won't. You are gambling with your account and you are trying to get rich quick, and you are taking risks with your account that cause you to take massive losses.
fxinvestfund posted:
DISCIPLINE, PATIENCE, COMMITMENT
You are either with me or against me.....
You don't have discipline. You don't have patience. You don't have commitment.
No one needs to be against you, you are already defeating yourself with 'get rich quick' gambling with your account.
Do you know why this happened? Because you are NOT USING proper money management.
Ekler :
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Jan 05, 2016 zamanından beri üye
1189 iletiler
Jul 23, 2018 at 23:51
fxinvestfund posted:
So, I tried to hedge my way out of a very unexpected move by GBPUSD and the hedge got stopped out all the time due to volatile price movement, which led to the current draw down I'm in.
You are not properly hedging your account. You have no idea what you are doing.
fxinvestfund posted:
I cannot close the order, because then I'll face a 50% loss on the account so I have to ride this hedge until I reach a BE point on the 4 open buy orders.
You should have closed the orders and taken the loss. Now you have a blown account with 95% DD.
'I can't close them because......', is a complete disregard for your account safety.
You allowed your emotions to get in your way and you didn't protect your investment capital.
Because of this, you have lost most if not all of your investment capital. (95% DD is a blown account)
fxinvestfund posted:
The short that hedges the 4 buy orders also got stopped out during Asian session so I have another ending short about 20 pips away from current price. All I can hope for is that GBP's CPI result this morning will push the price bullish far enough to hit my BE point.......
'All I can hope'... Complete garbage. You are trading with emotions and not a valid strategy.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Jan 05, 2016 zamanından beri üye
1189 iletiler
Jul 24, 2018 at 00:05
(Jul 24, 2018 at 00:07 düzenlendi)
And before you say anything just look at your trades.
That is NOT properly hedging your account in ANY MANNER.
You allowed your bad trades to run, and instead of closing them, you are just trying to trade your way out of big mess by creating an even bigger mess with a series of even more bad trades.
You should have CLOSED those bad trades, accepted the loss, and then waited for the next proper entry point for your strategy.
That is NOT properly hedging your account in ANY MANNER.
You allowed your bad trades to run, and instead of closing them, you are just trying to trade your way out of big mess by creating an even bigger mess with a series of even more bad trades.
You should have CLOSED those bad trades, accepted the loss, and then waited for the next proper entry point for your strategy.
Ekler :
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Oct 12, 2013 zamanından beri üye
163 iletiler
Jul 24, 2018 at 07:14
Professional4X posted: And before you say anything
@Professional4X There is nothing I can say, because you summed it up perfectly. I preach Patience and Discipline and it is exactly that, that caused my downfall.
However, with all due respect I will disagree with one thing you said.... I will do this again and the next account I start-up from a very small base will NOT be blown, because I have learned a very, very valuable lesson here.
Your post ad value to me as a part-time forex trader and motivate me to become a better trader, which I know I can be.
Thank you for your analyses and time spend on this.
Trade safe!
Jan 05, 2016 zamanından beri üye
1189 iletiler
Jul 24, 2018 at 07:30
You are learning from your mistakes. This is excellent.
Some basic advice is to trade smaller lot sizes, and if a trade goes bad, kill the trade and don't let it run.
It's better to take a small loss from a single bad trade, and wait for your next entry point, rather than just piling more bad trades into the basket. It of course depends on the trading strategy, but in general small lot sizes, over a long period of time can add up to a fairly substantial profit.
Don't be afraid to take a small loss if it saves the account from ruin.
Keep trying. Keep studying. Work on your strategy.
Most people when they blow an account, just give up and claim it is impossible to make money trading.
You earned a vouch from me.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
*Ticari kullanım ve istenmeyen e-postalara müsamaha gösterilmez ve hesabın feshedilmesine neden olabilir.
İpucu: Bir resim/youtube urlsi yayınlamak, onu otomatik olarak gönderinize gömer!
İpucu: Bu tartışmaya katılan bir kullanıcı adını otomatik olarak tamamlamak için @ işaretini yazın.
