Showing posts with label guaranteed profit. Show all posts
Showing posts with label guaranteed profit. Show all posts
Thursday, July 19, 2012
GBPUSD update
We are nicely in profit with the GBPUSD trade we have going at the moment.
However, we are in uncharted territory here, so I want to lock in the profits we have.
I have set the SL at 1.57046. This is well kn danger of being hit, but hey, it is profit no matter what.
The TP is set just under the last resistance point which is 1.7610. This gives us some wiggle room of about 60 extra pips.. not confident it will shoot up, but we shall see!
Happy trading, we are in profit on this one, and are guaranteed at least roughly 40 pips. I can live with that! ;)
Wednesday, July 18, 2012
Some order amendments for the USDCAD trade
Well, things have been going pretty well with this trade, and as such I have made some slight changes.
The new SL is 1.01381, so we are guaranteed a profit.
The new TP however has chaned to 1.00730.
A couple of reasons for this. One my signals are telling me that this trend will continue, it has broken some support levels, and the SL is actually slightly above this new resistance, so we will be protected if there is a sudden change. The new TP is just above an older support line, and I woudl be happy to take this.
Wednesday, November 23, 2011
Stopped out
Well, The trade I took this morning was stopped out with another profit!
This time I was stopped out at a profit of 46.9, as I moved by SL to 1.34000 over the course of the trade.
I should point out that I considered halving my position and putting the SL at 50%, so I would have had some profit, adn the ability to let the remaing half run.
I chose instead jsut to move the SL up when i was in profit by about 65 pips, as I am more than happy to take the full profit early as it means less of an effort in tracking the trade over a course of a few days.
What I am trying ot do at the moment is to reduce the maximum stop loss but keep the risk the same, so when I am in profit, I earn a lot more.
I have detailed this bfore, but by halving the maximum stop loss (from say, 150 to 75) I can double my position sizing (from 0.1 to 0.2 for example). This means that I do not have as much wiggle room in terms of price movement into drawdown, but at the same time I DOUBLE my profits.
So far I have not documented original stop loss levels and position sizes, but maybe I should?
Anyway, another profit!!
Happy trading!
This time I was stopped out at a profit of 46.9, as I moved by SL to 1.34000 over the course of the trade.
I should point out that I considered halving my position and putting the SL at 50%, so I would have had some profit, adn the ability to let the remaing half run.
I chose instead jsut to move the SL up when i was in profit by about 65 pips, as I am more than happy to take the full profit early as it means less of an effort in tracking the trade over a course of a few days.
What I am trying ot do at the moment is to reduce the maximum stop loss but keep the risk the same, so when I am in profit, I earn a lot more.
I have detailed this bfore, but by halving the maximum stop loss (from say, 150 to 75) I can double my position sizing (from 0.1 to 0.2 for example). This means that I do not have as much wiggle room in terms of price movement into drawdown, but at the same time I DOUBLE my profits.
So far I have not documented original stop loss levels and position sizes, but maybe I should?
Anyway, another profit!!
Happy trading!
Tuesday, November 15, 2011
2 trades opened last night
So late last night, there were two trades that opened - one on the GBUSD and one on the USDCHF.
The GBPUSD was a sell order at 1.59003
The USDCHF was a buy order at 0.90856
So far they are both in profit, and what's more important is that I have moved the stop loss to break even. This is something that I will be doing more and more of - moving to breakeven as soon as possible. What this will ensure, is that I will very rarely have a losing trade.
Just a bit of commentary on the trades as they stand -
GPBUSD I am up about 50 pips os far, and it is reaching new lows over the past. It has hit some major support levels, so I will monitor the trade to see whether I will get out or not - if it were to break the resistance, then it could signal a very nice profit! I have locked in 25 pips profit on this trade.
USDCHF - Nearing it's high from September, and I am already in proift by about 100 pips. Again, there are some major resistance levels which will need to be monitored. I have locked in 50 pips aleready on this trade, so regardless of what happens, I am guaranteed a proift which is great!
If for nothing else, this does make the system look better - the more winning trades, the better (but I guess that kind of goes without saying!
What is really heartening about this though, is that in the very very choppy market we have experienced lately, we have not been in it. This is such a major factor - that if you do not knwo how to proift in a market - DON'T GET IN! There are always going to be trades in the market place, so why take rubbish trades??
Anyways- happy trading, and I will keep you posted on how the trades pan out!
The GBPUSD was a sell order at 1.59003
The USDCHF was a buy order at 0.90856
So far they are both in profit, and what's more important is that I have moved the stop loss to break even. This is something that I will be doing more and more of - moving to breakeven as soon as possible. What this will ensure, is that I will very rarely have a losing trade.
Just a bit of commentary on the trades as they stand -
GPBUSD I am up about 50 pips os far, and it is reaching new lows over the past. It has hit some major support levels, so I will monitor the trade to see whether I will get out or not - if it were to break the resistance, then it could signal a very nice profit! I have locked in 25 pips profit on this trade.
USDCHF - Nearing it's high from September, and I am already in proift by about 100 pips. Again, there are some major resistance levels which will need to be monitored. I have locked in 50 pips aleready on this trade, so regardless of what happens, I am guaranteed a proift which is great!
If for nothing else, this does make the system look better - the more winning trades, the better (but I guess that kind of goes without saying!
What is really heartening about this though, is that in the very very choppy market we have experienced lately, we have not been in it. This is such a major factor - that if you do not knwo how to proift in a market - DON'T GET IN! There are always going to be trades in the market place, so why take rubbish trades??
Anyways- happy trading, and I will keep you posted on how the trades pan out!
Monday, October 24, 2011
back to guaranteed profits
Well, the USDCAD trade has tipped itself over 50 pips porift, so the trailing stop has now kicked in, and we are guaranteed profits (again!). It is nice to return to profitability since the last trade was a negative (but subsequently went into some big profit!).
Trading rules are there for a reason, and by abiding by them, we will win more than we lose, and win more bucks than we lose!!
As an aside, there were quite a few great trade setups for lots of different currencies, I missed these as they came at times I was not expecting. This probably means we won't get some trades in the next few days, but it is always better to under trade than over trade, so let's not worry too much about that!
Also, I have decided not to use the strategy on the metal trading. It may be that in a few months time it will be reinserted, but at the moment I do not understand the margin levels, and how it works in the software of my choice... So we will see what happens over time, but I am closing the trade (although this was never going to count against the Forex trading account).
Happy trading, and keep it up!
Trading rules are there for a reason, and by abiding by them, we will win more than we lose, and win more bucks than we lose!!
As an aside, there were quite a few great trade setups for lots of different currencies, I missed these as they came at times I was not expecting. This probably means we won't get some trades in the next few days, but it is always better to under trade than over trade, so let's not worry too much about that!
Also, I have decided not to use the strategy on the metal trading. It may be that in a few months time it will be reinserted, but at the moment I do not understand the margin levels, and how it works in the software of my choice... So we will see what happens over time, but I am closing the trade (although this was never going to count against the Forex trading account).
Happy trading, and keep it up!
Monday, October 3, 2011
Away for a couple of days, but the trade is still going strong
Well, the USDCAD has now run up gains of about 200 pips, so we are well into profit which is great news.
Unfortunately I am on business in the Czech republic, and I can not access most of my accounts (and even Blogger is now showing up in Czech, and I do not know how to change it... I can not read it!)
No big drama, the trailing stop will kick in so I won't lose much cash if it were to go against me, but that is ok in any case as we are well into proift and have added at least another 3% to the bankroll. I just wish I could see my charts to know whether I should be in another trade... You just watch, i will come back to the UK, and will be telling you how I should have been in loads of trades and would have earned X amount of dollars ;). The annoying thing, is that I could see a change in the markets... whether that led to a trade setup, I do not know though, but hindsight will always be 20/20.
Any way, I might not be posting this week because it is tough trying to get the information... although, I may post something about Forex in general at some time this week... just to get it off my chest.
Happy trading all!
Unfortunately I am on business in the Czech republic, and I can not access most of my accounts (and even Blogger is now showing up in Czech, and I do not know how to change it... I can not read it!)
No big drama, the trailing stop will kick in so I won't lose much cash if it were to go against me, but that is ok in any case as we are well into proift and have added at least another 3% to the bankroll. I just wish I could see my charts to know whether I should be in another trade... You just watch, i will come back to the UK, and will be telling you how I should have been in loads of trades and would have earned X amount of dollars ;). The annoying thing, is that I could see a change in the markets... whether that led to a trade setup, I do not know though, but hindsight will always be 20/20.
Any way, I might not be posting this week because it is tough trying to get the information... although, I may post something about Forex in general at some time this week... just to get it off my chest.
Happy trading all!
Friday, September 30, 2011
Some more guaranteed profits
Well, I have a trailing stop on the USDCAD, and as I am writing, it is up 167 pips, so that is a guaranteed 117 pip profit with no risk of losing it.
The strategy seems to be catching some really good moves that will pay us really quite well.
I will keep up the good work, and I am still looking out for more moves in the other currencies. There is a good chance that this will roll over the weekend, but that is not too much of a problem. 2 weeks, and 2 good profits (although we are still running with this one as it stands!)
We are still only risking 3% of the total account (seriously a drawdow of 3% max on any one position is fantastic)and yet we are still making some really good money. It will work out that we will have been able to increase the account size by nearly 10% by the end of 4 weeks trading if this keeps going.
Do not believe the hype that you can double your account in a month. This will mean that you are risking far to much, and you will be saying bye bye to your account very quickly.
I would have hapy to be banking $50 a month knowing that the risk of me losing $500 is next to minimal.
In a years time, the account could well be up to $5000 making me $500 a month. That is a holiday every month if I were to withdraw!
Risk a lot at your peril!!!
It is still early days for the strategy, so we will see where it takes us, but so far even I am impressed with the results I am getting. Sticking to the trading rules is proving very very important, and more importantly proving that they are valid signals that I am getting.
Do not get me wrong, I m sure that there are some other people out there that can get much better results risking the same amount, but so far I am very happy with the results - it is very low maintenance, and so far (fingers crossed it carries on) I am just banking money every time I put a trade on...
Happy days!
Happy trading everyone, and hope you have a great weekend!
The strategy seems to be catching some really good moves that will pay us really quite well.
I will keep up the good work, and I am still looking out for more moves in the other currencies. There is a good chance that this will roll over the weekend, but that is not too much of a problem. 2 weeks, and 2 good profits (although we are still running with this one as it stands!)
We are still only risking 3% of the total account (seriously a drawdow of 3% max on any one position is fantastic)and yet we are still making some really good money. It will work out that we will have been able to increase the account size by nearly 10% by the end of 4 weeks trading if this keeps going.
Do not believe the hype that you can double your account in a month. This will mean that you are risking far to much, and you will be saying bye bye to your account very quickly.
I would have hapy to be banking $50 a month knowing that the risk of me losing $500 is next to minimal.
In a years time, the account could well be up to $5000 making me $500 a month. That is a holiday every month if I were to withdraw!
Risk a lot at your peril!!!
It is still early days for the strategy, so we will see where it takes us, but so far even I am impressed with the results I am getting. Sticking to the trading rules is proving very very important, and more importantly proving that they are valid signals that I am getting.
Do not get me wrong, I m sure that there are some other people out there that can get much better results risking the same amount, but so far I am very happy with the results - it is very low maintenance, and so far (fingers crossed it carries on) I am just banking money every time I put a trade on...
Happy days!
Happy trading everyone, and hope you have a great weekend!
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