Lewis Nicolson


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  • in reply to: Trade opportunity? #2115
    Lewis NicolsonLewis Nicolson
    Participant

    I didnt getting involved in the long on AUDCAD as there was no engulf for me.

    I managed to get in on gbpjpy right at the top and traded the full down move for a nice 5:1 risk/reward. ๐Ÿ™‚

    I ended up shorting audcad on the 5min crossover last night though because it broke the trendline. Was nice to wake up to it in profit and then running to hit my target at 0.98391. got a 3:1 risk/reward on that ๐Ÿ™‚ Once it broke resisting on the MOR, i used the retest/support to jump in and short it.

    Feel confident again already. I think i was just having an unlucky run.

    Cheers

    in reply to: Trade opportunity? #2112
    Lewis NicolsonLewis Nicolson
    Participant

    Also a simple trend continuation trade. Short on GBPJPY.

    Stop loss above at 132.595 if i can. If the market moves away from there too much, then just 1 pip above the next engulf.
    Target at 130.357 where major resistance lies, is at the 1.27 fib extension and is 200 pips GAAN level.

    Cheers! ๐Ÿ™‚

    Enjoy your weekend folks

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    in reply to: Trade opportunity? #2110
    Lewis NicolsonLewis Nicolson
    Participant

    Hi,

    Long here on AUDCAD. loose stop loss because it is at the turning point of the market.
    There is heavy support (arrows) and it is in a position to also bounce off the trend line.

    Target is back up to the highs where i predict a double top.

    Cheers

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    in reply to: Trade opportunity? #2108
    Lewis NicolsonLewis Nicolson
    Participant

    Yeh, i think im going to scale back for the rest of august and just practice the strategy. I will post my battleplans etc again so i can see what you think of my analysis.

    Cheers ๐Ÿ™‚

    in reply to: Trade opportunity? #2106
    Lewis NicolsonLewis Nicolson
    Participant

    Been having a bad run lately. I’m finding that the markets are going the direction i want them to go, however i keep getting stopped out. I’m on an 9% drawdown… I have been down this low before when i was trading a smaller account, and made it back pretty easily. But now I am trading a larger account the emotional side is definitely creeping up on me haha.

    I have a feeling that it is cause the summer months are a lot slower. The whole brexit situation certainly doesnt help ๐Ÿ˜ฎ hahah

    Any tips you might have would be greatly appreciated ๐Ÿ™‚

    Cheers!

    in reply to: FXBA Webinar 26/07/16 #2101
    Lewis NicolsonLewis Nicolson
    Participant

    This actually looks quite fun haha.. going to try it out on a small account and see how i get on ๐Ÿ™‚

    in reply to: Trade opportunity? #2097
    Lewis NicolsonLewis Nicolson
    Participant

    Finally got to catch up on the webinar. Its good just to go over everything again! ๐Ÿ™‚

    Long EURJPY & AUDUSD today.

    Thanks again!

    in reply to: EU Referendum this Thursday #2039
    Lewis NicolsonLewis Nicolson
    Participant

    Roger that.

    Looking forward to seeing what happens as well. ๐Ÿ™‚

    in reply to: Trade opportunity? #2013
    Lewis NicolsonLewis Nicolson
    Participant

    its been pretty breakeven… Im gutted, cause i had a eurgbp short in my battleplan yesterday based off the head & shoulders pattern it had made. luckily i didnt get put into a trade on the first engulf.. and i wish i went in on the 5min cross over, but i tried to wait for a second engulf and then the market ran without me ๐Ÿ™

    And the exact same thing for usdjpy, not a single engulf appeared in the morning, i should of used the crossover…

    however, still got another week to go…

    in reply to: Trade opportunity? #2004
    Lewis NicolsonLewis Nicolson
    Participant

    0.61% gain for april. I hit a drawdown towards the end of the month. In the first week i smashed a 6.22% gain, but tried to short eurgbp down into 0.77 area but kept getting taken out.

    Still, it is still positive anyway. ๐Ÿ™‚

    Enjoy your weekend.

    Lewis

     

    in reply to: Trade opportunity? #1995
    Lewis NicolsonLewis Nicolson
    Participant

    Went to south africa ๐Ÿ™‚ was running the half marathon! just a bit rubbish with the weather though.. mostly rain and wind ๐Ÿ™ but yeh, it was really good cheers!

    in reply to: Trade opportunity? #1992
    Lewis NicolsonLewis Nicolson
    Participant

    After a nice week abroad for easter. payed by this strategy. Looking forward to getting back on the grind ๐Ÿ™‚

    in reply to: Trade opportunity? #1976
    Lewis NicolsonLewis Nicolson
    Participant

    yeh, i just stayed out of it.. had i stayed in, my eurusd trade would of lost… i only took 7pips on friday hahah.. better than nothing.

    I think i need to look into why the news moves the market.. Right now, i just make a judgment purely based on how many bullheads it has on economic calender hahaha ๐Ÿ™‚

    in reply to: Trade opportunity? #1973
    Lewis NicolsonLewis Nicolson
    Participant

    Just thought i would pop in to say I had another cracking month for feb +6.99% ๐Ÿ™‚

    Currently sitting at 3.86% for march, but i have only took 2 trades and we have a lonnnng way to go haha… and depending on how my long on eurusd & audusd pan out today it is going to change haha.. will be closing them before nonfarm though!

    All the best,

    Lewis

    in reply to: Trade opportunity? #1966
    Lewis NicolsonLewis Nicolson
    Participant

    Enjoyed reading your traders nest email about wins vs profit. It is something i have not actually looked at too much in terms of statistics, although when my excel sheet does sometimes have a batch of negatives in a one go, im not too bothered, i for some reason kind of assume a winner is round the corner haha.

    surprisingly i thought my strike rate would of been higher than this. but since trading my larger account i have made 72 trades and only 26 of those have been winners, 9 have been break even and 37 losers. Very happy with the ROI as well, currently at 14% and i only trade 1% of my account.

    Longest string of losers was 7 in a row (split up by 1 break even). longest run of winners was at the start of January at 4 in a row. risk to reward seems to sort this problem out though ๐Ÿ™‚

    So it is probably good to let new people coming into the course to expect losing trades, they happen all the time, more than i realized haha.

    Cheers,

    Lewis ๐Ÿ™‚

Viewing 15 posts - 1 through 15 (of 96 total)