Beginner trader working on a real account on Elliott Waves (invest - password enclosed)... - page 5

 
goldtrader:
Sart:
... I will calmly accept a drawdown of up to 250 bucks....
So at the 50% floating loss level will you fix it?
If by that time the youngest wave turns its price channel down - I'll have to do it...
 
Sart:
goldtrader:
Sart:
... I'll take a drawdown of up to 250 bucks....
I.e. at the 50% floating loss level will you fix it?
If by that time the youngest wave turns its price channel down, we will have to do it...

And if it does not, will you wait until the MC? It is not right somehow... Maybe, the lot is too big and/or it is not good practice to increase it with averaging? Anyway, good luck!
 
goldtrader:
Sart:
goldtrader:
Sart:
... I will calmly accept a drawdown of up to 250 bucks....
I.e. at the 50% floating loss level will you fix it?
If by that time the youngest wave turns its price channel down, you'll have to do it...

And if it does not, we will have to wait till the MC? This is not right somehow... Maybe, the lot is too big and/or it is not good practice to increase it with averaging? Anyway, good luck!
Well, yes, the lot is big, the deposit is small, as they always say... I must have missed something with the Canadian.
I'm trying to figure out what's wrong with the Canadian.
Thanks for the kind words.
 
Sart:
After all, the New Zealander, the Franks and the Japanese are going where they should...

Well, 1:3 is already a good result :-) And I wish you luck, it is impossible to imagine (my Expert Advisor has worked correctly, and the orders, placed manually, are still hanging there :-), I want to cover them not on the bottom)
 
goldtrader:
Sart:
goldtrader:
Sart:
... I'll take a drawdown as low as 250 bucks....
I.e. at the 50% floating loss level will you fix it?
If by that time the youngest wave turns its price channel down, you'll have to do it...

And if it does not, we will have to wait till the MC? This is not right somehow... Maybe, the lot is too big and/or it is not good practice to increase it with averaging? Anyway, I wish you good luck!

real...

traded up on CAD too, but after the break of the support 9920 I got out, a little late of course
I outlived the day on other pairs
CAD is a very dangerous pair like GBPJPY may move very fast...
i got stuck in it too much!!! GBPJPY was the same ...
CAD is a rare trade...
on GBPJPY usually TP = 100 at the most - if within one or two days
but in a trend the behaviour is different
the summer trend of 2007 was in February with baiy (i.e. my robber EA) till July = 6 months
in general if i got it wrong i quit

i usually work in pairs with my forex adviser, i enter it and it bounces or places a boo
i also look around, put TPs and sometimes move them myself
i decided a long time ago it was better to take a loss than to sit out a huge drawdown

My main problems are jerking with big lots...
it would be better for me and seems to be good

i try to work in multicurrency mode as follows:
if i have many pairs in a deal! i.e. i take ALL entries in them as a single deal
the main thing is that the cover of the ALL group should be +...
the closing is done at the moment when DEPO is + with some delay for pairs hanging in the - position, if I see a reversal
Otherwise I prefer to close losing pair with smaller loss - but not to wait to rise to the profit if I've closed the profitable ones
i need stops anyway!
i place stops only on supports - resistances

if i want to take a profit, i have to use stops... i analyze it the same way

--- one day ---


190598402008.02.22 11:02buy0.10gbpusd1.96770.00001.97162008.02.26 14:181.97160.000.002.4039.00
[tp]
190599862008.02.22 11:04buy0.10eurusd1.48370.00001.48722008.02.26 11:521.48500.000.000.6213.00
190599162008.02.22 11:04buy0.10gbpusd1.96680.00001.97102008.02.26 12:221.97100.000.002.4042.00
[tp]
190599462008.02.22 12:00buy0.10gbpusd1.96560.00001.97102008.02.26 12:221.97100.000.002.4054.00
[tp]
190600292008.02.22 17:12buy0.10eurusd1.48200.00001.48612008.02.26 12:051.48610.000.000.6241.00
[tp]
190600142008.02.22 17:42buy0.10eurusd1.48000.00001.48762008.02.26 12:181.48760.000.000.6276.00
[tp]
190795032008.02.22 18:11buy0.10gbpusd1.96630.00001.97112008.02.26 12:221.97110.000.002.4048.00
[tp]
190599652008.02.25 09:26buy0.10gbpusd1.96300.00001.97102008.02.26 12:221.97100.000.001.2080.00
[tp]
190668242008.02.25 15:29buy0.10usdcad1.00300.98751.00632008.02.26 12:220.99240.000.00-0.30-106.81
191082112008.02.25 17:59sell0.10usdjpy108.100.00107.602008.02.26 06:56107.960.000.00-0.8812.97
191300912008.02.26 00:31sell0.10usdjpy108.000.00107.792008.02.26 06:56107.960.000.000.003.71
BG
191352642008.02.26 07:24sell0.50usdjpy107.940.00107.822008.02.26 15:04107.820.000.000.0055.65
BG[tp]
191300422008.02.26 07:37buy0.50eurusd1.48181.48541.48802008.02.26 11:371.48540.000.000.00180.00
BG[sl]
0.00 0.00 11.48 538.52
Closed P/L: 550.00

----


Sergei, I wish you good luck!
 
YuraZ:
Sergei I wish you good luck!
If it's for me, thank you very much :-)
 
YuraZ:
190598402008.02.22 11:02buy0.10gbpusd1.96770.00001.97162008.02.26 14:181.97160.000.002.4039.00


[tp]
190599862008.02.22 11:04buy0.10eurusd1.48370.00001.48722008.02.26 11:521.48500.000.000.6213.00
190599162008.02.22 11:04buy0.10gbpusd1.96680.00001.97102008.02.26 12:221.97100.000.002.4042.00


[tp]
190599462008.02.22 12:00buy0.10gbpusd1.96560.00001.97102008.02.26 12:221.97100.000.002.4054.00


[tp]
190600292008.02.22 17:12buy0.10eurusd1.48200.00001.48612008.02.26 12:051.48610.000.000.6241.00


[tp]
190600142008.02.22 17:42buy0.10eurusd1.48000.00001.48762008.02.26 12:181.48760.000.000.6276.00


[tp]
190795032008.02.22 18:11buy0.10gbpusd1.96630.00001.97112008.02.26 12:221.97110.000.002.4048.00


[tp]
190599652008.02.25 09:26buy0.10gbpusd1.96300.00001.97102008.02.26 12:221.97100.000.001.2080.00


[tp]
190668242008.02.25 15:29buy0.10usdcad1.00300.98751.00632008.02.26 12:220.99240.000.00-0.30-106.81
191082112008.02.25 17:59sell0.10usdjpy108.100.00107.602008.02.26 06:56107.960.000.00-0.8812.97
191300912008.02.26 00:31sell0.10usdjpy108.000.00107.792008.02.26 06:56107.960.000.000.003.71


BG
191352642008.02.26 07:24sell0.50usdjpy107.940.00107.822008.02.26 15:04107.820.000.000.0055.65


BG[tp]
191300422008.02.26 07:37buy0.50eurusd1.48181.48541.48802008.02.26 11:371.48540.000.000.00180.00


BG[sl]

0.00 0.00 11.48 538.52
Closed P/L: 550.00
------------------------------------------------------------------------------------------------------------------------------------------
Great ! And for the Canadian, did I let you down ?





 
By the way 18:50 MSK on the USDCAN H1 a pullback to 1.0030 is looming, on a break a reversal up, but very unlikely.
 
Cronex:
By the way 18:50 MSK on USDCAN H1 a pullback to 1.0030 is coming, at breakdown a reversal upwards, but very unlikely.
You'd better try to make this scoundrel turn around...I don't need much -1.0047 would be just fine....
 
Cronex:
By the way 18:50 MSK on USDCAN H1 a pullback to 1.0030 is looming, on breakdown a reversal up, but very unlikely.

How much is an insider's tip for the people? :)

. . .

Insider did not pay off ... The Canadian is still slowly but surely falling down. Sergei, is it time to fix the losses? Already lost half of the depo. Hasn't the wave turned the price channel? It's getting worrisome. :(

Reason: