The Last 141 000 cent that I will Ever Trade - page 3

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hmm....this week is a disaster for me...previous weeks pips almost depleted.

What i learn this week is, be careful with s/r line when entering trades.

 

#8 closed at 25 pips.

im done trading for this week

wrap up for this week.

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pips tally for this week

- 448 pips

 

next week revelation that i will swear to follow

1. if indicator no. is 3, do not jump in straight away, jump in at support line.

2. if profit <50, stop loss is -150 pips

3. if profit >100 stop loss at 50 pips

4. take profit at indicator crossing.

 

#9 entered short at market open

 

the signal for short is super strong if i get lucky i might win some 2000 pips for this week..hopefully.

if the signal is strong i might use my daily exit signal to get out from my trade.

 

# 9 update currently + 520 pips (highest pips reached + 620)

there is alot going on in my mind now

a) take profit now - but i will regret it tommorrow if the trend keeps going

b) wait until daily closed signal is triggered - but i am to scared of retracement.

c) doing nothing and pray.

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last week i'd done so many trading mistake, this week i hope i can get back my lost pips.

so my analysis is, according to my indicator, the trend is so strong which is 1, last week trend was weak which is 3.

my system says "wait until daily reversal is triggered". so i have no choice i just have to stand my ground and wait until something happen, even though my mind says "take it, don take it, take it don take it!!!".

There is no reason to close the trade now. So, hopefully this weak is a good week for me.

 

# 9 update + 1000 pips!!!

im sweating and my hearts beating fast!! The temptation to take the profit is growing like never before!!

 

#9 update current pips +633 (highest pips +1800)

this is to much...i cant handle the retracement should i wait or should i close the trade? arggg

 

#9 trade closed +60 pips

my daily exit strategy is not trigged but i closed it to protect my account.

it is so painful to watch my profit goes away pip by pip as i keep my disipline on.

maybe i should tweek my take profit strategy because they are few times my trade were positif but i didnt took the profit and sometimes the profit trade becomes losses.

hopefully, today is the day my body and soul will remember today is the today that will never happen again....

(only idiot didnt took a 1000++ pips winning trade that last 12 hours before it drops to 600++, that idiot is me!!!!!!)

Maybe im done for this week.

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pip tally for this week

+ 60 pips

 

so now, I have to reviewed and analyze my previous trade what could be done to make this system a good winning system.

now i will list down few of my bad trade.

#3

#3.5

#4

#5

#9

all are listed above is a winning trade, but because of my non complete system, a winning trade become a losing trade.

So what should i do to make it better?

I think I should use a percentage closing method. Which is, if profit is down 25% from the previous high i would take the profit.

initial capital 141 00 cent

updated capital (april 20 2011) 21 813.52

capital increases 54.70%

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