Strategies, Systems & Indicators

[sanjoy_roy]

Eddie and all,

not a good closing to the last week. made a couple of blunders.

1. Did not close when the signal rversed.
2. Kept them open for long without attending to them.


USDJPY - bot 0.2 @ 85.81 (16th sep 18:58) exit with close @ 85.65 (20th sep 12:04). loss 16 pips.

EURUSD - sold 0.2 @ 1.3077 (16th sep 21:01) exit with close @ 1.3148 (17th sep 12:04). loss 71 pips.

EURJPY - sold 0.2 @ 112.02 (16th sep 22:37) exit with close @ 112.90 (17th sep 12:04). loss 88 pips.

Pips target for the week = 50
Pips earned for the week = -81

Pips target for the month = 200
Pips earned for the month = -81

uphill task now, but I am on it.

Thanks,
Sanjoy

 

[Tavnaz]

Hello all,
Sanjoy just read your message,sorry to hear that bro.
But i'm sure you will got those greenies back.
As per the losses they were extreme,did you not place a stop loss 20-30 pips below.
Are they in a real account if yes,was that a minilot or micro,or standard.
Regards
Tavnaz

 

[sanjoy_roy]

why has this thread gone so silent?

Eddie, your presence is needed to have some action here I guess.

Thanks,
Sanjoy

 

[Raghavacc]

Good evening my lord Edward bro ,

Taken a trade at open of US session.Was bit late though!.

Targeting 38.2% of last week .i.e: 2990.

Please correct me if I am wrong.

PS: Tanvaz Bro,

I am also learning lot of things through your thread. Need to put lot of things in to my head on those patterns which you are able to pick like a falling mango fruit from tree:clapping:

Entry as per this 30 Min chart

Target as per D1 chart.

Regards
Raghav

 

[Tavnaz]

Hello Guys,
Nice Play Raghav,but i won't be fighting counter trend,you see the price has,just tested the downtrend line,your trade might go south.
And hey i myself,had to feed those damn patterns in my head,then was i able to use them.
Keep it going brother,Practice makes perfect.
Regards
Taz

 

[sanjoy_roy]

Hello all,
Sanjoy just read your message,sorry to hear that bro.
But i'm sure you will got those greenies back.
As per the losses they were extreme,did you not place a stop loss 20-30 pips below.
Are they in a real account if yes,was that a minilot or micro,or standard.
Regards
Tavnaz

Hey Tavnaz,

I am operating on a demo account. cannot go live before Jan. I did not place any SL becuz earlier most of the SL were getting hit.

0.2 lot in a STD account.

Experimenting and in the process of fine tuning as advised by Eddie. made a couple of mistakes though.

thanks for the the observation and the consideration.

Thanks,
Sanjoy

 

[Raghavacc]

Hello Guys,
Nice Play Raghav,but i won't be fighting counter trend,you see the price has,just tested the downtrend line,your trade might go south.
And hey i myself,had to feed those damn patterns in my head,then was i able to use them.
Keep it going brother,Practice makes perfect.
Regards
Taz

Good wisdom from your end Tanvaz and a basic learning point for me. I would have done the reverse.ie: Buying at all dips... I still need to evolve from novice status.....

Regards
Raghav

 

[Raghavacc]

Good wisdom from your end Tanvaz and a basic learning point for me. I would have done the reverse.ie: Buying at all dips... I still need to evolve from novice status.....

Regards
Raghav

Corrected my basic and bought the dips... up 50 pips ( 100 pips on 0.1 lot) and still running.I used to be always late.this time I was too early to enter.

The trend is up on daily chart so the breakout of previous Pivot high gave huge move...

Edward/Tanvaz- Pls correct me if I am doing mistake anywhere.

Regarding late..... hmmm.. let me share a humour. One fellow used to go to the office late every day and then used to leave early. Boss summoned him and taken him for a task.. Do you think its a marriage hall to come and go whenever you want? u come late and on top of that you leave early? what do you think of yourself?

That fellow replied with cool head " SIR, I DO NOT WANT TO BE LATE BOTH THE TIMES"!!!!

Regards
Raghav

 

[Tavnaz]

Eur/Usd

Corrected my basic and bought the dips... up 50 pips ( 100 pips on 0.1 lot) and still running.I used to be always late.this time I was too early to enter.

The trend is up on daily chart so the breakout of previous Pivot high gave huge move...

Edward/Tanvaz- Pls correct me if I am doing mistake anywhere.

Regarding late..... hmmm.. let me share a humour. One fellow used to go to the office late every day and then used to leave early. Boss summoned him and taken him for a task.. Do you think its a marriage hall to come and go whenever you want? u come late and on top of that you leave early? what do you think of yourself?

That fellow replied with cool head " SIR, I DO NOT WANT TO BE LATE BOTH THE TIMES"!!!!

Regards
Raghav

Hello Guys,
That Marriage part was really great.:rofl:
This thread is so quiet nowadays,where is edward and sumit i'm missing them here.

Raghav you are well set to make your fortune man.
But Raghav,i have to agree with Mr Preet Gill here 1.3400 is a strong line.
And the 365 MA lurks right there and if price had broken it there would be a breakout candle,but i don't see any,so i guess 1.3400 is extremum for now.

Price is going to test either 1.3300 or 1.3200 then head in a full swing up,It's give up and wait for retrace time now.
But just in case if price did consolidate below 1.3400 then you may see a bullish engulf or bearish one to go long or short either way.

Exit all longs right now,It is not safe,breakouts are risky,especially above 365.
And Raghav are you doing all this excellent winning streak stuff, on real account,man you are great.

My Chart:

 

[Tavnaz]

Money in the Bank.

Hello Guys,
Suggest a Broker to me,who offers a standard account at 1000 $.
I've been thinking about upgrading to a standard account the mini account is such a waste of talent same high probability trade giving 1/10 it's potential.
What do you say Edward.
Consider this guys,same 30 Pips in standard account is 300 $ a day.
And one who knows trading 30 Pips is enough for him.
That is 12,000 a day and 20 days on average in a month.
That will be 2,40,000 Rs a month.
I know a guy from FF he doubles his lot every month generates 1,00,000 $ a month,has got a standard account.
Obviously the doubling is parsed and adjusted to contain the end result.
Now i know, I'm getting greedy but that, is just a thought.
But tell me anyway, any known Marketmaker,with standard account at cost 1000 $.
Regards
Taz