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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.
1st target hit after nail biting suspense ....lol
ReplyDeletenow I have set a trailing stop in and will let the profits run ...
market stopped me out for a nice profit ....as you can see there was a pin bar reversal on the GBP which if you were not trading with a trailing stop could have been a reason to get out of the market as it could have suggested that the bears were losing control and a reversal might be immanent
ReplyDeleteThe only reason I trailed a stop was to secure myself While I went out as I was not at home to physically manage the trade ...I only set the trailing stop once my first target was reached
Trade summary
ReplyDeleteentry .....1,4558
1st target ....1,5438
final target ...1,5413