Mdock's Journal

[immy]

Hello!

Hmmm, changes changes..... Trust me I've done it all!

I was iffy about that trade. it was more of a add on trade for me. Not bad very good. Though I restrict myself to only the best of the best setups! Well done

Lets trade the system the way its supposed to be traded and if it fails, then we can try something else! Trust me...

Most Kind Regards and Many Lovely Happy Setups to you!

cheers

[Mdock]

Hi,

Thanks Immy i had the same feelings about the trade, it's better to concentrate on the best.

Cheers

[Mdock]

No trading for me past days busy working :ymdaydream:

[Mdock]

Hi,

Finally found time to do a trade again.
Did not exit on red; stop loss only 6 pips, trade had some room to breath.

Cheers ,

Mdock

[MichaelC1234]

Hi Mdok,
Really good to get a profit from a trade today ,the market was so sideways and certainly stopped me out . Am I correct that you are not moving your stop from original point , as there were a few Aims levels created where I would have myself moved my stop underneath , and subsequently have been stopped out. Can I ask you what your criteria for moving your stop is.
Thanks
Michael

[Mdock]

Hi Mdok,
Really good to get a profit from a trade today ,the market was so sideways and certainly stopped me out . Am I correct that you are not moving your stop from original point , as there were a few Aims levels created where I would have myself moved my stop underneath , and subsequently have been stopped out. Can I ask you what your criteria for moving your stop is.
Thanks
Michael

Hi Michael

Thanks for asking.

I start with 15 pips stop loss.
I move my stop after 4 pips in profit to break even.
After 6 pips in profit i trail 3 pips behind the previous candle.
When a new aims level is formed i move the stop loss to the aims level that triggerd the trade if it's possible . All new aims levels after that i don't look at .


Cheers,

Mdock

[Mdock]

Hi

Watching the chart with patience worked out well.
Changed pending 4 pips above aims level at buy , 3 pips below at sell order broker triggers too early sometimes.

Cheers

Mdock

[immy]

Well done on this trade. This was, luckily my only trade for the day. I literally sat down, saw a green dot (a dot that breaks aims level is printed green for me now) so waited for fresh aims level and was able to put in pending just before the close of candle otherwise I would have failed taking this trade. I got out fairly quickly! Very good trade buddy! keep em coming!

May the Pips be with you

[Mdock]

Thanks Immy

I try to concentrate on the best trades, and start reading the book again.
It's a great to read.

Cheers Mdock

[Mdock]

Hi,

Trades of this morning made some error.

Many pips too you

Mdock