My new system is in full swing. Since my post the other day about how my new system is going to utilize large but more concise trades, I have made 6.05% on two trades. On Sunday, December 14, 2014, I traded the EUR/CAD (short) and made 10.8 pips triggering my T/P. Then on Monday, December 15, 2014, I traded the USD/CAD (short) and made 8.7 pips, which triggered my 8.6 pips T/P.
So far my new system is working. I am placing larger unit orders, taking a smaller pip profit, and trading only when my indicators ALL line up, or at least are very close to lining up (see my last post). I had no orders triggered today, and it doesn't look like any will trigger between now and the expiration of my orders tomorrow at 4:45PM PST. Tomorrow night I will review the market again and place my two day orders again that will expire on Thursday evening. I don't like to hold trades through the weekend, which is why my trades are expiring on Thursday night. If I do have an order triggered on Thursday and it holds through the weekend... so be it, but I am trying to minimize the risk of that.
On a closing note, please like my Facebook page and follow me on twitter! The links are to the right. Or can you just click here:
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Remember: Make money, don't lose money. Only trade with what you can afford to lose. Don't be greedy.
#YoungBuffett Out.
Monday, December 15, 2014
New System In Full Swing
Labels:
EUR/CAD
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forex
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fx
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pips
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take profit
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USD/CAD
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Warren Buffet
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young buffett
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