Quote:
Originally posted by silverbulit
April 15 -
long EUR/USD (avg. 1.1963)
long GBP/USD (avg. 1.7885)
April 19 -
Closed long positions @ avg. 2065 and 8090. +307pips
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You make the claimed bottom line results very easy to understand, but you make the trades themselves vague and hard to follow for any novice trader.
You omit to mention at what price these trades were originally opened, where exactly you added to your losing position and the trade size of each addition in order to reach your claimed average, or where your stops were placed originally and where they were moved to at each addition. It's a complete mess, no one could possibly follow these trades live let alone determine whether the risk/reward ratio was acceptable, or how much equity would have been required to keep a losing position open (and added to) without overleveraging. You also forgot to mention your losses during the same trading week (14th), probably doesn't look too good when trying to impress potential customers. So from the claimed +307 we are already down to +228 for one weeks trading two pairs, not too impressive really, 23 pips on Eur out of the moves we saw last week (especially after you promosed some 'awesome pips'!), and only 205 on Cable after the incredible moves that were easily tradeable using run-of-the-mill technical analysis, even a simple EMA cross strategy would have netted more.
I can't be bothered to go through all the trades, they're probably much the same anyway, but here's the ones from the 14th to the 19th, using the scant information you conveniently posted
after prices had moved. I notice you make decisions as you go along instead of planning the trade beforehand, minor details like stops and targets to determine risk/reward. Clear and precise trade calls would probably be too transparent and not suitable for a chancer trying to fleece money from people.
You're a novice trader, that's very clear, more like a gambler than a trader.
Regards
Mick
Posted by Silverbulit in various threads
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14-04-2004 13:23
Got stopped out on euro longs @ 85... -79pip.
Started to take GBP longs now starting 1.796.
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14-04-2004 13:30
Will re-enter euro longs @ my stopout point if seen using full position that I was carrying. It was bad S/L point and should have been a few pip lower.
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14-04-2004 13:36
euro longs filled again @ 84
-78 pips on this position.
started to accumulate GBP from 7960 and will add on every 50 pip drop.
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15-04-2004 12:27
EUR/USD (avg. 1.1963)
GBP/USD (avg. 1.7885)
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16-04-2004 14:46
Moved S/L's to breakeven on my longs.
EUR/USD (avg. 1.1963)
GBP/USD (avg. 1.7885)
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18-04-2004 20:46
Taking profits for half of positions at the following targets and put trailing s/l on the other half.
EUR/USD: 1.2080/2100
GBP/USD: 1.8090/8110
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19-04-2004 14:03
Targets for GBP/USD and EUR/USD reached and closed half at targets.
Liquidated the remaining half of my GBP and EURO long positions @ 1.809 and 1.205 respectively.
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