Some Days are Diamonds and some days are Stones!
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Thread: Some Days are Diamonds and some days are Stones!

  1. #1
    This will be my diary to keep track of my trading functionality.

    Main purpose is to be successful in Forex Trading.

    Here I will be documenting trading outcomes, defined risk parameters, position sizing, place ups and risk reward ratio - my limited understanding of Money Management.

    All trades here will be on Demo Account with IBFX.

  2. #2
    Quote Originally Posted by ;
    Have traded Aud/Usd last week Wednesday - Troops were underwater since then -

    Friday made a turn around -

    Now, Monday - viewing price closely and looks no movement, perhaps awaiting Aussie News Release at thirty minutes

    due to this news release I placed a target profit

    1 question, why is your place not cut when its reached break even after being underwater for sometime? Can it be due to the swap, so you wanted the place to turn green more so u can compensate the swap? It is not really perfect to nurse a trade to turn it into a winner because you might overlook other opportunities or the turn up which just occurred.

  3. #3
    Quote Originally Posted by ;
    1 question, why is the position not cut if its reached break even after being submerged for sometime? Can it be because of the swap, you wanted the position to turn green more so u can compensate the swap? It is not really perfect to nurse a commerce to turn it into a winner because you could miss other opportunities or the turn up that only occurred.
    Thank you very much for enlightening me, you were spot on! I will try to cut it very shortly, I'm watching her now very carefully. I'm still experimenting at this stage. Again thank you.

    regards,
    Tim

  4. #4

  5. #5
    Have traded Aud/Usd past week Wednesday - Troops were submerged since -

    Friday made a turn around -

    Now, Monday - viewing price closely and seems no motion, possibly awaiting Aussie News Release in thirty minutes

    due to this news release I put a target profit


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