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Thread: The MC DMC's week!

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    Default The MC DMC's week!

    Hello!
    I am on forex about one year!
    In my system I use only Tehnical Analysis,

    >Supports/Resistance
    >patterns
    >fibo expansion (Not fibo levels!)
    >No indicators, only stochastic!

    Money Management:

    max. 100% risk xD
    It is demo, so I want to check how many % can I do on demo, with high risk!
    All positions I will describe! After the week I will send the history of trades (detailed statement)
    Wish me good luck!! 50% of my profit with such a high risk will be just good luck! :P

  2. #2
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    Default

    nice !
    hope goodluck to you anyway
    waiting for ur news

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    Default

    Starting from monday!
    Main rules:
    -follow the trend
    -no risk no fun xD
    -turn off emotions

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    Default

    LET's start!
    I love mondays

    OK, first:
    I changed 100$ on 1000$,
    I am starting NOW (yesss! ) with virtual 1000$!
    FIRST TRADE:
    eur/jpy on H1 chart: reversed H&S Pattern,
    BUY!
    0.6, SL 300 pips, TP 150 (D**n it, low ratio!!)
    Tomorrow we will see, what was that (maybe, hopefully H&S pattern )
    See ya 2morrow!

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    Default

    on most of the yen airs there in inverted H&s pattern
    hope you make more money
    best of luck!
    dont use too much equity risking as it wont help u long term

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    Default

    Now I can see that I used too big equity :P
    SL moved to 119.35.
    Hope it will work...

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    Default

    YESSS! 1924$
    +90 %...

    Nice, first trade is closed on profit...
    Let's check, what is going on in the market

    1. Eur/Jpy is now bouncing (?) from ressistance line. I can't be too confident after my first profit,
    so, sell, 0.2, sl 65 pips, TP (carefully) 150 pips.
    Stohastic is overbought, trend is downside, I can sell. 35% for profit...

    Next, I can see triangle on usdjpy. Will get into position after breakout...

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    Default

    HOW FAST...

    short eur/jpy closed.

    eurusd longterm long position (breakout of triangle->upside)


    USDJPY breakout,
    0.5 bought, HIGH RISK TRADE o_o

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    What a day!
    Now I've closed usd/jpy and eur/usd (f***, it was longterm!!) positions.
    My account is now 2058$.
    Over 100%,
    ***
    Next position:

    aud/usd SHORT
    because of two resistance lines, but what can I see, it doesn't looks like stopping fast M5 uptrend
    Hopefully, it is low risk (30 pips SL, 0.20)
    Ok, I shouldn't trade today, today it is enough
    I will continue this topic tomorrow!

    SEE YA!

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    Default

    today eurusd broke all resistance i booked loss.

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    Default

    Yes, because of breakout!
    It was good possiblity for long positions!
    Don't worry, it will be better days for your system
    I have got now on demo 2124$ (audusd closed on profit)
    And short term usdjpy short position...

    Ok, short position on USDJPY was bad!
    I lost

    Now my account is 2017$,
    still OK for first day
    Last edited by emce_dmc; 11-24-2008 at 05:10 PM.

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    Default

    UFFF!
    +80$
    Now 2100 $...

    On aud/usd...

    No positions open.
    End for today. I hope that tomorrow will be as profitable as today

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    Default

    OK
    let's start the 2nd day!
    First position:
    short GbpJpy 0.5
    ***
    Closed after 5 mins
    Now 1950$...

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    Default

    Just don't worry!
    I have opened new position on gbpjpy 0.5 short
    I have no losses today


    Account: 2112$

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    Default

    Next profits!

    I had long position on eur/usd.
    Bought at 1.2894 and closed at (Fibonacci expansion 61.8): REALLY better tool than fibo levels for me)1.3023. Over 100 pips caught, on low risk 0.3 position.
    Now I have got

    2519$

    Will write about next positions!
    ***


    This day closed on +350$.
    now 2450.
    I've lost 50 on eur/chf short.
    See You all 2morrow!
    Last edited by emce_dmc; 11-25-2008 at 08:40 PM.

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