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The Clan
Past Blogs
My Psychiatric Analysis
- Gary Tarantino
- Cape Town, South Africa
By Viewing any material or using the information within this site you agree that this is general education material and you will not hold anybody responsible for loss or damages resulting from the content provided here by My challenge blog or any of the forum members Futures, options, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
The trade entry was a break of my trend line, I waited for the up sloping trend line to be broken I then placed my order
ReplyDeleteI have set a initial target to close half my position at 20 points (pips )
my first target was hit ..profit 20 points moved my stop to -20 points now playing with the markets money ...lets see
ReplyDeleteMarket stopped me out for no profit since I risked the 20 points I made from the first target set ......In retrospect I should have maybe closed out both my trade positions since the price was bouncing off a support level from friday ,where price consolidated before moving higher
ReplyDelete