A number of you may know me from the No Brainer ribbon, Auslanco#8217;s Gby/Jpy thread, or even James16#8217;s chart thread. All of those threads contain as much information and, honestly, are the place where most traders must begin their forex adventures. Not Auslanco's... no despise I have been demo trading for about 6 months and I feel as if it's the right time to start up a serious micro/mini account to get on with the next phase of my forex experience. A little about me personally, I#8217;m 21 right now visiting college majoring in Space Studies with a emphasis on Military Appliions using a minor in history and going to work whole time. It's not a simple thing to trade, but it does not prevent me from losing weight stressful also. I live on the west shore in sunny southern California. I really like it even when my trading day begins at midnight and sometime around 8 am, it's over. August 1st 2008. Yes, I decided to start up my account in August because I guess if I can make it through this month with appropriate money management, nicely thought out transactions, and carefully executed trade plans I should have no issue.
I embrace August. It should end up being an interesting month up to now this week I#8217;t made a couple of transactions here and there handling to crack so that I #8217;m going to start my trading off here recording my ideas, commerce plans, and best of hopefully better myself as a trader in the procedure. I am a technical trader through and through my charts and candlestick patterns are my weapons. I will try to post all of my transactions in a timely manner using the majority of my decisions created in h4 and daily frames I should be able to get at least a couple of you thinking until you can choose to pull the trigger. There are just a few things I hate more than seeing a new trader coming into a thread and asking what somebody believes of a pair without actually contributing anything. If I see #8220;Hey, great thread, so what would you consider --? #8221; Then I probably won#8217;t warrant your question with a reply. It will depend on my mood at the moment. Seriously though, this journal isn#8217;t a place at which you should be following commerce calls.
I published this in the No Brainer ribbon, but I think this is a superb spot to reiterate my point. I know with everyone making all these different calls it looks like all of the work is completed for you, and this goes for everyone experienced or demo trader, DO YOUR HOMEWORK. I can't stress it enough how many occasions in my presentation trading times I would kindly chooses calls and be so excited when they worked out yet I felt so abused when they were wrong. I don't understand why, but it's human nature to find the fantastic things with clarity but sometimes we place on the blinders and blame others for our misguided efforts. It really doesn't take that much time to jump to a chart plot a few s/r lines maybe a fib tool and BOOM your chart looks pretty, the setup may be strong... or perhaps grasping for straws, IN YOUR MIND, and you now have justifiion to take the transaction or not. I think the simple fact that you need to be convinced, IN YOUR MIND, by your own hand is a very important topic. It not only lets to you understand and do it yourself, but in addition, it takes away the pressures of having to follow trade calls.
Date Trade Pip P/L
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08/07/2008 AUD/JPY S 1680 - 2 orders combined pips
08/07/2008 EUR/JPY S -278 - one order
09/25/2008 AUD/NZD S 1197
10/02/2008 GBP/CHF S 650
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