Monday, June 11, 2007

Cable update

If you wish you may lock in 40 pips partial profit here at 1.9720. Wish you were here.

6:30 EST 12 June. Cable position was filled this morning at the target with 60 pips profit.

6 comments:

Dropplan said...

Tam,
I'm curious. Did you get your long signal for the "cable" from the 4HR MACD. You wrote that your signal was on the 10th! My signal was on Friday the 8th after the 1200 EDT candle @ 1.9679.
Thanks & great job!

Tamkras said...

Hey, Dropplan! Thanks for visiting my blog. I hope you enjoyed quality time over the weekend. Re your question, trades that I post here are not taken from any system. Do not take me wrong - I work hard only to listen to my plan. If you are benefiting from these trades - I am happy because I am quite a generous person in real life, too, not just on internet. I am posting trades just for the sake of my readers following a trader's mindset, my thoughts, my doubts and mistakes (have I done any so far?). If you so wish this is an open diary which I am not sure for how long I can keep in this format. At this point I can only see that the blog's audience is growing. I would appreciate if I could get short feedbacks such as yours from time to time - questions, comments, suggestions, this kind of stuff. But please keep in mind I will only follow my plan. Of course, all readers/traders are welcome.

Luke said...

Hey Tamkras,

Ive been learning Phil's 4Hr system over the past few weeks. I happened to click on your profile and saw you had a webpage. I really enjoy the open thoughts you give to all of us. You are indeed a smart trader and I hope to have the same mindset one day. Once I finish the 5000ish posts(i'm on 3000 now) on forexfactory, I plan to demo trade for a while to get the hang of it... I am hoping by that time I can glance at your page to compare notes :) Keep up the great work, I have been reading along and checking daily. Let that piggy bank of your grow!

Dropplan said...

Dear Tamkras.
Thank you for your response. I truly appreciate you placing your trading thoughts & emotions here on this blog. I have learned from you already and I hope I can contribute something without being bothersome. If I am---please let me know. Keep your piggy bank safe :)

Jim said...

Hi Tam,

I am still trying to figure out when to visit your blog to get the best benifits. It seems like I am missing out on the trades, however, I am learning a lot, and that is just as good. By the way, I told my son Jimmy about you and he says hi.

Jim

Tamkras said...

Jim and all,

Very good question. Best time to visit my blog is within the following times: 6:30 am to 10:00 am EST and 6:00 pm to 11:30 pm EST. It must be convenient hours for those who due to variety of reasons can not watch the market over the course of the day (mostly, due to full-time job elsewhere). When I post trades the price is still in developing phase and there is sufficient time to enter. Taking partial profits or exiting completely from the trade is entirely within your discretion. Very often I do not have a set target as I want to see how the price develops. It is absolutely fine to exit anytime you want for quick 10 pips, or wait - this is still a profit and this is the most important. Do not challenge yourself if you want the profit now - it takes time to develop the patience and it will come to you naturally.