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- Hugh Briss replied Jan 13, 2012
Here's the basket this morning, slimmed down a little.
Seventh Wave Trading (maybe it IS rocket science after all?)
- Hugh Briss replied Jan 12, 2012
New basket opened tonight.
Seventh Wave Trading (maybe it IS rocket science after all?)
- Hugh Briss replied Jan 12, 2012
Just had a look and seen the trade didn't work out. I notice you are trading 4 hour charts, I think daily charts are better. The trend on that pair at the moment is somewhat sideways and difficult to predict, maybe switch to dailies for a while ...
Trendlines with Heiken Ashi and Stochs System
- Hugh Briss replied Jan 12, 2012
Looks like a reasonable trade but I'd suggest you don't use a take profit, this type of trade is better left to run as far as it can. I would trail the stop loss behind the high of the penultimate (second to last) closed candle and if it creates a ...
Trendlines with Heiken Ashi and Stochs System
- Hugh Briss replied Jan 12, 2012
Gone flat now, just had gbpusd open and that's not how I trade! Going to wait until everything is going the right way and then get involved. I have noticed that the best profits are made when xxxusd and usdxxx are all playing ball together and you ...
Seventh Wave Trading (maybe it IS rocket science after all?)
- Hugh Briss replied Jan 12, 2012
Closed eurcad after it broke the trendline.
Seventh Wave Trading (maybe it IS rocket science after all?)
- Hugh Briss replied Jan 12, 2012
Ok, two stand out straight away, sold gbpusd and eurcad, also put that gbpusd pending order back on. Equity stop loss set at 50gbp just in case, I can start again from there and that gives me 40 gbp to work with.
Seventh Wave Trading (maybe it IS rocket science after all?)
- Hugh Briss replied Jan 12, 2012
Bad news, I took my eye off the ball and let all the equity slip away. I was expecting more eur weakness than transpired. So now the equity ea closed everything down at 90 gbp. In hindsight I should have locked in 120 when the equity was floating ...
Seventh Wave Trading (maybe it IS rocket science after all?)
- Hugh Briss replied Jan 12, 2012
Must be a man who likes to pretend he's a woman when he trades?

100$ -> 1.7million - is that possible ?
- Hugh Briss replied Jan 12, 2012
Just sold gbpjpy, I think the party is over for gbp strength.
Seventh Wave Trading (maybe it IS rocket science after all?)
- Hugh Briss replied Jan 12, 2012
These things always look great on paper but I'd say no chance. I believe it is possible to make huge sums from small amounts but it will never work out like your chart.
100$ -> 1.7million - is that possible ?
- Hugh Briss replied Jan 12, 2012
Here's the picture at 11.05. Equity dropped back quite a bit but no trades invalidated yet.
Seventh Wave Trading (maybe it IS rocket science after all?)
- Hugh Briss replied Jan 12, 2012
Put a pending order for gbpusd at 1.5265, if it breaks that it should be a good move down.
Seventh Wave Trading (maybe it IS rocket science after all?)
- Hugh Briss replied Jan 12, 2012
Thanks for the responses everyone, food for thought.
Best broker for my needs?
- Hugh Briss replied Jan 12, 2012
Moved stops as discussed above. Sold eurgbp at 0.83 resistance, m30 chart looks good. Sold eurcad again in light of eur looking weak across the board, it's not too far from resistance either so happy to sell it. Eurnzd same story. Sold chfjpy too, I ...
Seventh Wave Trading (maybe it IS rocket science after all?)
- Hugh Briss replied Jan 12, 2012
Here's the picture this morning. I'm considering moving the stop losses on eurusd, eurjpy anf usdchf. I have good equity on those other trades so I can afford some drawdown and it feels as though those stop losses at break even are just a little too ...
Seventh Wave Trading (maybe it IS rocket science after all?)
- Hugh Briss replied Jan 11, 2012
All ticking over nicely, see how it goes tomorrow.
Seventh Wave Trading (maybe it IS rocket science after all?)
- Hugh Briss replied Jan 11, 2012
Closed the smaller gbpnzd trade for +255 pips, after such a big move today it could easily snap back tomorrow, wise to take half.
Seventh Wave Trading (maybe it IS rocket science after all?)
- Hugh Briss replied Jan 11, 2012
That's pretty much the plan from now. The basic idea has gone through many reincarnations from holding til they stop going the right direction to closing when you're 5% of your account equity up per day. The final version that I have settled on is ...
Seventh Wave Trading (maybe it IS rocket science after all?)