review my trades and discuss - Page 2
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Thread: review my trades and discuss

  1. #11
    Thank you

    I calculated earlier that I had been risking 14 percent at a time

    I will cut it in half and see how I like it

    I too spend the majority of my cash on women

  2. #12
    Dropped 3k last night on a short of eur/usd @ 1.2129

    wake up this AM to see it 100 pts south of my own 1.2129
    damn

  3. #13
    If youve got a diploma you're likely for this . . Pack it and go work for the authorities ...



    sry . just kidding . . Fantastic luck . .

    How many roads does a trader walk down ... or can it fall down ...


  4. #14
    Are you using tight stops?

    Another question would be, would you maintain onthe news?

    Also, word of information. Pick a currency pair and become familiar with pair as possible. Stare at it's charts like a zombie until you know how it reacts to cetain conditions. That takes a lot of the guess work out of trading and alleviates your worried mind!

  5. #15
    [quote=MuddBuddha]Are you using tight stops?

    Another question would be, do you keep up onthe news?

    Additionally, word of information. Pick on on a currency pair and become familiar with pair as you can. Stare at it's charts such as a zombie until you know how it reacts to cetain conditions. That takes a lot of the guess work out of trading also eases your worried mind! [/QUOTE

    oh also ive jsut been utilizing the news plugin which fxcm offers

    is there a better person?

  6. #16
    Ive been using 25 to 30 pip stops
    I wished to beout of this market this AM cause I wasnt certain what the market would perform so I shut out my place last night about 1am

    I am only trading at the EUR/USD

    today hasnt been kind to me
    Im at 82k now

    put 2 3000 losses and many smaller wins

    might be time to chill
    I find myself trading only for the sake of being at the market and I need to stop this. I wish to have a long position in the EUR\USD at around 1.2020 but it doesnt want to cooperate with me
    identifiion also be happy with a short around 12040

    but the market is just going sideways for now

    It seems that if there is alot of volatitlity I cant seem to perform all that nicely. I really do well when it doesnt move over 35 points in either way

    Im such a newb

  7. #17
    Well, you have to know what is occurring. Use an adequate economic calendar each morning asap and check it.

    Market volatility is killing you as you are unprepared for this. Know beforehand what to expect if B C = D or reverses and A instead. Advanced traders assess their charts, calendars, and news briefs first thing in the morning.

    I personally examine the prior nights moves and read up on what is predicted to be the outcome of that snacking news releases before heading off to trade.

    You said you utilize 25-30 pip ceases - but what is your normal pip limit? Or your goal, if you will?
    It sounds as though your stops out weigh your limitations or goals heavily.

    Don't set your stops so broad that it requires a day or two to recover from the cease out. When the pair is approaching a stop you've set broad, newer traders will remove the stop due to the lack of willingness to endure a loss.

    Should you realize that your trades are requiring broad stops simply to perform, then we've sliced through the cheese and also have struck the meat. That indies that your principal area of concern is the entrance. This will have to be refined prior to going. A precise entry keeps you from needing to use broad stops. I use 10 and 15 pip stops myself. I utilize 20 pip goals.

    Many platforms permit your to set your limits and ceases via percentage rather than pips. This way it's autmatically corrected for the size of the lot you are opening with. For beginning traders, I think this is an excellent idea.

    Thus, now that we have made it this far, what timeframe chart are you currently using primarily?

  8. #18
    I use a 1 day tick time chart

    1 minute and a 15 minute candle

    I do find myself Shing Ceases to allow the loss to get higher but when I do that I Attempt to look at the loss as profit

    ie 9k is 1000 profit compared to 10k loss
    its not really a sound egy and ive been burned on it 3 times Today

    I have about 25 Drops to 9 losses

    but the losses are Often around 5k and the wins are usually 1000 -3000

    ill have to Check at the news and see if I can adapt that to my egy

    Ive also Reduced my size of Transactions from 5000 lots to 3000 lots
    so effectively ive Reduce my risk down to 60% of what We Had Been doing

  9. #19
    ok heres the newest journal

    I cleaned up this one a little and added a win loss tally and avg WIN and AVG loss

    I was at 85k final time I submitted
    I had a drawdown to 70k but im back up to 85k

    anyone know where I could find some advice on scalping egys
    It seems to me thats how ive been making my cash
    Im up 238 pips since 1/5/06

    I lowered my trading size down to 3000 lots
    anyone have any other advice to help me out
    https://www.forexsoutheast.asia/atta...2034159151.zip

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