My Story is a simple one... - Page 2
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Thread: My Story is a simple one...

  1. #11
    Camlocamol
    Guest
    Just placed a buy at .9470 with a trailing stop of 50 pips and a SL of 1000 pips. I enjoy large stop losses because it is very unlikely to receive it unless we are in we pretty much reverse the trend.

    After we are in the positive 50 pips the trailing stop will kick in to help lock in gains. My egy here is simple. I would like to remain in the trade as long as possible and keep in the trend as long as you can. When we get 100 pips in profit then I shall keep my trailing stop at 50 precent of profit pips before it gets struck.

    Most of the time I shall make an adjustment to the trailing stop one or more times every day. For example tomorrow if the transaction is 100 pips in profit the tracking stop remains in place. If we are in 150 pips in profit then I move the trailing stop to 75 pips. In case it belongs to 200 in profit the next day then I go to 100 pip trailing stop. I will keep up this looking to remain in a long-term trade whilst staying in profit and at the trend.

    I will not take profit and if the trend reverses or we wind up at a dip I shall wait till my stop will get hit and then I will be out of the commerce and hopefully tote a wonderful profit.

    Stay tuned,
    Jackie

  2. #12
    Camlocamol
    Guest
    Stopped out on the Euro for -50 pips

    Re opened with a buy order on the Euro. Buy order at 1.5714, I suspect we'll stay at a ranging pattern for the next couple of days prior to breaking out higher. I've a 50 pip trailing stop in place after my commerce is in profit.

    I am using a 1000 pip stop loss again. Lets see what happens...

    See you around the pip facet,
    Jackie

  3. #13
    enmgamc
    Guest
    Hi Jackie,
    Thanks for sharing your story. I wish you luck in your trading and look forward to reading your progress.
    I also exchange the daily charts and follow Jacko E/U trading.

    P.S. I like poker also!!! I'm a freeroll addict. I'm pretty brave online, but I enjoy going to the casino also and enjoying little stake limit holdem

  4. #14
    Camlocamol
    Guest
    Thanks and welcome to my diary. Thanks for your service.

    Additionally another trade opened

    Open GBP/USD with a Buy order at 1.9738. 1000 pip stop/loss and 50 trailing stop after in profit of course.

    Happy pipping,
    Jackie

  5. #15
    Camlocamol
    Guest
    This'm I noticed my trailing stop for GBP/USD is in place and I currently have 99 pips secured in. If this transaction does not get stopped from the end of the day I will correct the trailing stop at 50% of my profit in this trade. By way of instance if in the close of the day I'm in 150 pips in profit. I will adjust monitoring prevent from 50 pips to 75 pips.

    This will provide the market alittle more space to run and will hopefully help keep me in the trade so long as the trend continues upward. The best part bout my method of trading is that I do not worry about market timing so much.

    Attemping to time the market is where many people end up messing up I think. Stay tuned for what happens next.

    Jackie

  6. #16
    Camlocamol
    Guest
    Buy order set on USD/JPY at 104.69, 1000 pip stoploss and 50 pip trailing stop in place.

    Buy order set on GBP/USD at 198.22, 1000 pip stoploss and 50 pip trailing stop in place.

    Pip Electricity,
    Jackie

  7. #17
    Camlocamol
    Guest
    GBP/USD stopped out from my trailing stop but it ended upward 91 pips. I will probably reopen the trade this evening or tomorrow morning. I like to start before or after New York's market.

    So far in this journal only three transactions shut. I am up 140 pips.

    Stay tuned,
    Jackie

  8. #18
    Camlocamol
    Guest
    Just opened a Buy with GBP/USD 1.9913 using 1000 pip stop and 50 pip trailing stop.

    Let us ride the tendency higher!

    Jackie

  9. #19
    Camlocamol
    Guest
    It is under these market conditions, where every pair of those majors are undergoing corrections that means that all 6 of my open trades are in the negative currently. Although all are a number of long way from their stop/losses. This is the time when you see how important money management is with trading.

    I have been reading Jacko's House of Pleasure and Pain. So many of these traders are attempting to determine if they should get back in. Many jumped in and were stopped out using their brief stoplosses while we were in the onset of this correction, of course they had no means of understanding how much farther this market would go.

    Some are now attempting to choose the bottom of the trend. This is only one of those Pros of my own technique, I am in the market all the time and in the direction of this trend. So when the market reverses it's self then I will be riding the trend on the way upward.

    Remember on every transaction, I only use about 1% of my account but that's plenty when you have a 1000 pip stop/loss in place. However, since I am in the direction of this trend it is extremely unlikely that I will get stopped out unless we are in a major reversal. If my first large stop ever gets hit (and it certainly will at some stage ) that's when I will wait a couple of days on that pair and see if the market corrects it's ego or if a legitimate reversal in the trend has taken place.

    I'd also be studying the fundamentals to see if I could determine a legitimate change in the trend.

    Well it's for today,
    Jackie

  10. #20
    Maven88
    Guest
    Pleasant to hav un ard..jackie

    sonic

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