Hi PipMobile:
I see exactly what you are saying. I have been through these so many times in the past several years of my FOREX trading adventure. On many occasions, I thought that I finally found some success but again I lost all my confidence after several consecutive losses. One thing I now realize that it’s not about the success of a system but it’s the challenge or fight against our own mind/wish/perception. I am also trying this system for last two weeks and here is my result. I am with Oanda demo (stopped using my live account until I have some conviction) and generally I place my order at 10 PM PST (Oanda daily candle starts at 9 PM) with fixed SL/TP (100/100) and close order by next day morning 11AM. Although these two weeks result doesn’t mean anything but it might give you some hope. I need to work on money management and the urge to have a trade every day. Please keep up your good work.
Week starting 1st April
AUD/USD -17
EUR/AUD 31
EUR/USD 48
GBP/CHF 30
NZD/USD 12
USD/CHF 32
EUR/CHF 4
NZD/USD -18
*******************
Total PIPs : 122
*******************
Week starting 8tht April
GBP/CAD 37
CAD/JPY -37
EUR/CAD 53
***************
Total PIPs 53
***************
- FX_California
I see exactly what you are saying. I have been through these so many times in the past several years of my FOREX trading adventure. On many occasions, I thought that I finally found some success but again I lost all my confidence after several consecutive losses. One thing I now realize that it’s not about the success of a system but it’s the challenge or fight against our own mind/wish/perception. I am also trying this system for last two weeks and here is my result. I am with Oanda demo (stopped using my live account until I have some conviction) and generally I place my order at 10 PM PST (Oanda daily candle starts at 9 PM) with fixed SL/TP (100/100) and close order by next day morning 11AM. Although these two weeks result doesn’t mean anything but it might give you some hope. I need to work on money management and the urge to have a trade every day. Please keep up your good work.
Week starting 1st April
AUD/USD -17
EUR/AUD 31
EUR/USD 48
GBP/CHF 30
NZD/USD 12
USD/CHF 32
EUR/CHF 4
NZD/USD -18
*******************
Total PIPs : 122
*******************
Week starting 8tht April
GBP/CAD 37
CAD/JPY -37
EUR/CAD 53
***************
Total PIPs 53
***************
- FX_California
DislikedI must admit, 5 losses in a row is frustrating. How many times have we moved away from something we believed in, after hitting series of losses? Mental challenge and the continuous fight with self to stay consistent and follow the rules isn’t easy!!
How many times do we have to retreat to move forward? Is this a fight with market or myself? Can I stay consistent in this battle with myself?
[color=black][font=Verdana]One thing is certain - [b][i][font=Verdana]Baptême...Ignored