Tuesday, November 10, 2009

Home Run trade


Had a couple trades early on, one winner and one loser on the euro..got caught thinking it was in an uptrend and it totally reversed and tanked so net -2pips b4 this trade...anyway been testing some stuff out so decided to put it into practice on this trade, we got a nice push down so waited for the retrace...rammy gave yellow and the rammy throw gave red signalling an area to jump in short with the trend so i did with one position at 57.2....price pushed down nicely from there and the new signals we've been testing gave a signal to short so i added another position at 50.4..basically im in a double position now at an average price of 53.8, and price proceeds to drop nicely down to about 40 and i exited 41.5...12.3 pips profit on a double position
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4 comments:

  1. A Pip Throwing Party!!!November 10, 2009 at 3:16 PM

    ryan, great trade, excellent entry, i like the addig to a winning position

    ReplyDelete
  2. RyanNovember 10, 2009 at 4:46 PM

    thanks jimbo..its nice when everything comes together for a trade..the add was on the zero cross as u kno..all too often traders add to losers in an effort to avg down, so why not add to a winner if its looking good to bank more $...catch u soon man

    ReplyDelete
  3. HarveyNovember 11, 2009 at 7:54 PM

    Which broker do you use with the Ninja Trader charting?

    ReplyDelete
  4. RyanNovember 11, 2009 at 10:01 PM

    I have 3 live accounts all with currenex...2 with fxdd currenex and 1 with adm derivatives..i just use ninjatrader for charting although i kno a couple of traders who use its trading interface as well..hope that helps

    ReplyDelete

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