demo trading — I've been demo trading a scalping system called "Scalping the eur/usd effectively". SO far my results a really good. I started trading with all manual Stop Losses and Take Profits until I had a couple trades go into negative too ...

July trading — I have been having some pretty good success scalping E/U and trading other pairs based on really strong Support and Resistance areas. One of my better trades I took recently was on the P/J on Friday right before the close. I saw ...

Back Again — After a good trading hiatus I am back trying new things. I started with $5k. I have gained a total of +$8,400 and lost a total of -$11,900 for a total net loss of -$3,500 over the span of 5 months and 772 trades. I have a win/loss ...

Well I have started working full time again so I will not be trading nearly as much as I have in the past 3 weeks. I will also be demo trading to get back into a groove of making good trades. I have noticed a couple things that have affected my ...

— Ok time to post my worst trades to date. This is humbling to do this on a public forum like this but I hope you can learn from my mistakes. A couple posts back I talked about a couple bad trades I had floating that were negative. ...

4/14 — Trading 4-14-08 Nothing special today. I took a lot of trades and made it a point to set my stop loss every time. Some the trades I took today were good trades but I was hesitant to let them go into bigger profit. You will notice some ...

I wanted to verbalize a couple more reasons why I think I made the bad trades last week on Thursday and Friday. Because I was in a bad trade on Thursday I was stressed out. I stayed up watching the trade a lot longer than I should have. I felt I had ...

One more post I made on Waterflames thread I wanted to copy here: A bad trade in disguise. When looking at the charts below imagine that everthing after the green bar has not formed yet, meaning that we are basing our analysis on what we can see at ...

I would like to repost an observation I made on waterflame's thread: Hey guys. I wanted to share a sweet trade setup I just took on the E/J. I always look on multiple time frames to determine trends and support and resistance. With waterflame’s ...

I was lucky enough to miss the 3 in a row big losing trades, but overall I lost pips with pipsnipers. I am pretty new to forex and I was actully really pleased with all that I learned from pipsnipers. To me my education was worth the $325 I payed. I ...

Yes. V2 and V5 are exactly the same by default, but V5 has more alert options you can enable including visual alerts where V2 is very basic with some simple alerts. I used V2 when I was trying this system because I never used the alert options.

4/11 part2 — Bad Trading 4-11-08 No more live trades for me for one week. I am grounding myself. After I closed my wopper of a bad trade that was down 250 pips @-70 pips I opened 2 more E/J trades that I also did not set a stop loss for. Were ...

4/11 — Trading 4-11-08 I am sitting on a whopper of a bad trade right now and it has messed up my mojo. I am down 140 pips on a g/c 1 mini lot trade from last night. I entered a small short position at what I thought was the top of a big move ...

Welcome Newstrader. Great blog BTW. Come back and say hi or buy buy buy buy buy buy buy buy buy anytime.

4/10 — Trading 4-10-08 I took 8 trades during this morning New York session. I watch 6 different currency pairs and today’s trades were mainly done by watching the price action on all 6 pairs. A lot of the time when the USD/JPY is going down ...

4/9 part 2 — Trading 4-9-08 part2 The fist 3 trades you see were my attempt at trading the news. Bernake was about to speak and normally when he speaks the market moves pretty wildly. These trades are more experimental than anything. I entered ...

4/9 — Trading 4-9-08 Well today was a bad trading day for me. I saw a perfect setup according to my analysis and I went light on the trade. Later I went heavy on an e/u trade that was in 14 pips profit. I usually take 10-20 pips profit on my ...

Hey Peghaam, Welcome to my thread. As you can see I have already learned some things, but I have a long way to go. WaterFlame helped get me going in the right direction. I will be happy to share anything I find with you if I think it will help. My ...

Hey letoiny, I really want to respect Waterflames thread by not hijacking it with a different system. In my wierd mind I figure I give this thread respect by explaining how I personally use the system to make profitable trades. I had considered ...

here ya go — A bad trade in disguise. image This is how I use WaterFlames system. I have all my charts on the 15m timeframe. I always start by looking at the 15 min chart. What I look for is the cross of the moving averages and the 34CCI ...