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Acts of God !
Demo Trade on UJ by novice
Fri2410: sell : in 94.78 out 93.75 = 103 x 4 = 412pips
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the story :
... actually i logged in for sell for the usual 20 x 4 =80pips ..... before i could key in the limit order ... it just dropped all the way ... i just grabbed whatever i could in the free fall ... and hence this large dose of pips ! .....
anyway , i am keeping my feet on the ground and mentally ignoring this extraordinary 'windfall' ... as my efforts were not in there , maybe will accept my usual 80pips though ....on the same token what if it had ran the opposite direction before i could key in the stop order ... a massive loss of 412 pips .... think about it ..very scary .... hahaha !
caveat emptor -- for entertainment and eductional purposes ..
Demo Trade on UJ by novice
Fri2410: sell : in 96.35 out 96.15 = 20 x 4 = 80pips
(10.30am - 10.35am)
caveat emptor -- for entertainment and eductional purposes ..
caveat emptor -- not an inducement -- for educational and entertainment purposes --chart by novice
caveat emptor -- for educational and entertainment purposes ..
now 97.02 .... !!!
waited for more than 4 hrs .. and after i had cut-loss ....and within half- hour , my wishes are granted .....!!!
u won't believe this ... it's now doing 97.12 !!! .....
Demo Trade on UJ by novice
Thu2310: sell : in 97.05 out 97.70 = -65 x 4 = -260pips !
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the story :
initial order : sell : in 97.05 out : limit order 96.85 , came very close to 96.86 ... was confident that limit order will be reached , and therefore did not put Stop Order to 'prevent unnecessary loss by being stopped out prematurely ' .... and as time passed ... the price began to drift away from the opening ... started 'hoping' will fall down to or nearer to opening price ... hence this last minute 'panicky' manual cut-loss !
ouch ! ... very painful cut loss indeed !
no matter what .... place Stop Order .. place Stop Order ... place Stop Order ...!
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(yikes .. currently now doing 97.37 !!! )
caveat emptor -- chart by novice -- for educational and entertainment purposes
Edit : typo error :
Demo Trade on UJ by novice
Thu2310: sell : in 97.30 out 97.10 = 20 x 4 = 80pips
(11.30am - 11.50am)
Demo Trade on UJ by novice
Thu2310: sell : in 99.30 out 99.10 = 20 x 4 = 80pips
(11.30am - 11.50am)
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still thinks there is downward pressure towards support 95.72 ... anyway I am done for today .. won't look at the charts till perhaps at night ... quitting for the day ...
caveat emptor -- achtung! -- analysis done by novice -- not an inducement -- past performance does not mean similar performance in future -- for educational and entertainment pueposes only .. caveat emptor .
read elf's talk of carry trade in her thread ...tried to understand what carry trade is ... but blur .. found this in http://en.wikipedia.org/wiki/Carry_trade#Currency
According to Gary Dorsch of Global Money Trends, the yen carry is a "weapon of mass destruction" of $5.9 trillion, with yen loans another 1.2 trillion dollars on top of it, making Arabian oil wealth or Chinese reserves look small at $1.5 trillion and $1.9 trillion respectively.
what does this mean in simple english ... ?
REAL acct time........
Demo Trade on UJ by novice
Ok ... mission accomplished !
Wed2210: sell : in 99.63 out 99.85 = -22 x 4 = - 88 pips 12.55pm to 1.15pm
Wed2210: sell : in 99.66 out 99.24 = +42 x 4 = +168pips 1.30pm to 3.30pm
Nett : +80pips
caveat emptor -- demo-trade by novice -- for entertainment and education purposes -- past not necessarily equal to future
Demo Trade on UJ by novice
Ok , got back on the saddle at 99.66 .. hope this time not thrown off by the rodeo-horse .. if good ..can neutralise earlier loss .. keeping fingers crossed ....
caveat emptor -- not an inducement -- for educational an dentertainment purposes ...
Demo-Trade on UJ by novice
aargh !...... stopped out at 1.15pm at 99.85 !
Demo-Trade on UJ by novice
Wed2210 : sell :
Stop loss: 99.85
Entered : 99.63 (12.55pm)
Target : 99.43
(hope i am not late , hoping to follow fibo down to 0% ... channel wrong view)
Caveat Emptor -- Achtung ! -- Demo-Trade by Novice -- Not an Inducement !
caveat emptor
caveat emptor -- chart by novice -- for education and entertainment purposes -- past not necessarily equal to future
caveat emptor -- chart by novice -- for education and entertainment purposes -- past not necessarily equal to future
Demo Trade on UJ by novice
Tue2110: sell : in 101.67 out 101.49 = 18 x 4 = 72pips
(12.15pm - 2.25pm)
caveat emptor
Tue2110: sell : in 101.67 out 101.49 = 18 x 4 = 72pips
(12.15pm - 2.25pm)
caveat emptor