Nickl's live 4hr results

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Re: Nickl's live 4hr results

Postby nickl » Tue Jul 14, 2009 4:10 pm

Took a EURJPY sell trade at 14 Jul 1600 (GMT+3). This one met all of my criteria with both trend directions down, a doji before the signal, a bearish candle on the signal and the trigger above zero and dropping. If I had been quick enough, I would have reached my profit target within seconds, but alas, I was still working out my tp when this happened. The tp was reached again about 90 min later and the first trade was closed for a 31 pip profit. The second trade made a 9 pip profit using a 31 pip trailing stop.

Note that If I had used Dean's exit strategy, I would have been stopped out at break even on the second trade. I used my own stop loss based on a resistance line, but LMT's stop loss wasn't reached either, although it did get close. While I may miss the big moves, which don't appear to happen that often, I am much happier to take the small profits that I am generating at the moment. LMT has been good for me over the last few trades. Let's hope that it continues.
nickl
 
Posts: 44
Joined: Wed Jun 03, 2009 5:50 am
Location: Rockhampton, Australia

Re: Nickl's live 4hr results

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