Guys, I decide to count my losses in percentage of money. The reason is simply because 1000 pips might not the same as the money I lose. So since my last post, I had lost another 10% of my equity:( To be accurate, I still have 10.89% of my capital, meaning that I need to gain 89.11% to have my capital back. I made a projection with 15% margin and 25 pips daily assumption, and it will take 61 days to gain that 89.11%. I will change the result table on the sidebar again and will update it next month. Bye guys.
Friday, July 18, 2008
Thursday, July 3, 2008
A Thousand Pips To Gain..
My losses since march has reach 1000 pips and I think I will take it slow for now. I still have 20% of my margin and I was able to withdraw 40% profit back in April. It could take 3-4 months to gain back my losses IF, the system reach monthly target and I can trade based on the system;P
I will simplify my Monthly result on the sidebar as it is ridiculous to show off my losses like that:P So I will update the blog next month and hopefully with green pips:)
Tuesday, June 24, 2008
Done for Today
GBP/USD did break the trendline as well as EUR/USD. Gann also gave signal but MACD still below 0 level. I closed my positions with 45 pips in total and decided to call it a day. Those pairs can still move further I guess but I have to take care other things for now and wont be able to monitor the trades. It's better save than sorry right? However, US session later on might be interesting. Happy trading guys:)
GBP/JPY Trade Update
I closed my short position from yesterday with -97 pips. The support remains at 211.06. I missed the long signal in 1 hour as well in 4 hour chart early today. It was another nice setup actually where Gann gave signal, price breaking trendline, and MACD above 0 level. I will stand aside for now and look for development.
GBP/USD
The pair seems about breaking the trendline again after bounces off 50% retracement level. So at the moment I'm waiting for the candle to close. If the trendline break, the might test 1.9790 resistance since the move from last week is an uptrend.
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