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- TheAverageYuppy replied Jan 17, 2007
Market conditions have changed. Modify Trade signal #4 Buy EUR/USD Move stop back to 1.2743. Risk is 1% Entry: Market price (Around 1.2920) Stop Loss: 1.2743 Amount to risk: 1% (half position) Current P/L: -.5%
Journal of a working stiff
- TheAverageYuppy replied Jan 16, 2007
Modify Trade Signal #4 Move stop loss to 1.2861, reducing potential loss to about 0.33%
Journal of a working stiff
- TheAverageYuppy replied Jan 12, 2007
Modify Trade Signal #4 Change stop to 1.2743, increase position size at market price (1.2917) to reflect 1% maximum loss if stop is hit.
Journal of a working stiff
- TheAverageYuppy replied Jan 12, 2007
Cancel trade signal #3. Market did not reach my preferred price, and might not ever. But I think it\'s still safe to get in so lets go with another buy order. Trade signal #4 Buy EUR/USD Entry: Market price (Around 1.2920) Stop Loss: 1.2699 Amount ...
Journal of a working stiff
- TheAverageYuppy replied Jan 10, 2007
thanks. my name should actually be "FormerAverageYuppy" and the journal should be "former working stiff" im not a seasoned trader, and i dont have stories about how i lost all my money pit trading and then came up a billionaire. i am an 26 year old ...
Journal of a working stiff
- TheAverageYuppy replied Jan 10, 2007
dont mean to be cryptic, but ill get into my theories later, when all goes well. no sense putting out information and theories without proof
Journal of a working stiff
- TheAverageYuppy replied Jan 10, 2007
Cancel order for trade #2. After market conditions changed, new signal is.... Trade signal #3 Buy EUR/USD Entry: 1.2824 Stop Loss: 1.2707 Amount to risk: 1% (half position) Current P/L: -.5%
Journal of a working stiff
- TheAverageYuppy replied Jan 9, 2007
hi magic people who base stops on # of pips are generally basing it on how much capital they have. the market is going to do whatever it wants to do regardless of how much capital you have. i place my stops based on where the market tells me to, not ...
Journal of a working stiff
- TheAverageYuppy replied Jan 9, 2007
Trade signal #2 Buy EUR/USD Entry: 1.2893 Stop Loss: 1.2733 Amount to risk: 1% (half position)
Journal of a working stiff
- TheAverageYuppy replied Jan 5, 2007
Forgot to add the date and the trade #, but obviously the first post was #1. I also forgot to say that I scale my entries and exits, so to post actual pips made and lost is meaningless. Rather I will post the percentage lost, and the running ...
Journal of a working stiff
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Journal of a working stiff
Started Jan 4, 2007|Trading Journals|33 repliesI will get into my market theories, etc. later, but for now let me post my first trade. EURUSD ...