elmagnifico's Blog

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Ups and downs. Mostly ups though :)

January, the13th,
When you lose on a trade - you have to get back on track right away. After closing the first position on the picture I decided to put in another one right away. Waiting for a little retracement or putting in a conditional order would have been much smarter but the pitfall was my default stop loss went in unchanged and was hit. In this position one always puts the stop loss just over - rather then just under the 117.00 line. The stop loss from the previous position is still visi…
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SalviLeana avatar

Great job !! :)

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Some skillful shorting and a long position.

January the 9th,
Week heading into close and I made some snips of my trades at the end of the week. I'm lurking beneath the top 5 but will it last?. It seems very easy in this competition to make a good start - but very difficult to stay focused on the game throughout the whole of the month. I'm going to imagine it's real money this month
The 14:30 CET economic figures of the day proved excellent for me, although probably disastrous for some, and I made the most out of it. I wanted to do a secon…
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Last month ended with 127k. September up to 159k already

Saturday 6th of September,
So we are at the end of the first trading week this month. Finished last month with 127k after swinging from 165k down to 55k and back up to 127 at the end. Lot's of fun, and I managed to save face in the end and finish with 27% profit for the month of August and ranking 79 in the contest.
The month of September got off with a very nice start for me and below is the screenshot of my trades on USD/JPY in the first trading week. When markets closed last Friday my balance…
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7th of August

The end of week 1 is near. After cashing in all winning positions on conditional orders with a tight TP on each - profit was marginal for the great potential in these charts. The main economic event of the week, number of pips speaking that is, was this morning´s Australian employment change. I had set up good positions on EUR/AUD and AUS/USD that could have made 75+ easily but had the default 20 pip take profit order on each This can easily be seen in the screenshot below.
I also opened new p…
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6th of August

6th of August
Back on the trader contest platform after some time off for the world cup, real life, travel and from concentrating the little trading time I´ve had on my live account. I´m going to try and stay on the contest platform for the whole of this month as much as possible. Here are my opening trades of the month.
This month - I´ll try and use the trader contest game rules to the fullest. Doing all trades with conditional orders and wait for the set take profit target to be hit. Also usin…
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