My first post on Fxfactory and first journal

Keep up the good work!!

I appreciate the positive comments from other members on Fxfactory, since some of you guys have asked me for advice i will post a good amount of advice in the next a new thread, hopefully will catch people's attention. I am no trading guru, but i have experienced almost everything the forex has to offer. I originally wrote this to attatch as a PM to davidT, but i cant get a hold of him.. so hopefully this will get to him.

The link will be in my next post on here

How Not To Blow Out Your Account In A Week, by me:

http://forexfactory.com/showthread.p...173#post251173

Anymore trades coming up?

there will most likely be a Sell signal coming in around 3pm, not positive tho

Your doing well mate keep up the good work

Sell GBP/USD @ 1.9617
SL: 1.9677
Target: Lot1: 50pips, Lot2: 100pips, Lot3: 100pips

Very weary about this trade.. news coming out and hit off my usual target, and pretty major trendline, i kinda wasnt thinkin before i clicked sell on this one.. and its friday also

So I usually wouldnt do this, so i do not recommend this, I'm riding on luck on this trade

also, bounced off just around a whole number, 1.9400, and 23.6% fib support!

lol, a good way to trade this would be to put a sell stop order @1.3584

oh well, we'll see what happens

decided to come out at breakeven so +0pips

i have been putting a lot of thought into opening a live account again, w/ more startup capital this time... hopefully this will be within the next couple weeks. Its time to stop fearing losses and play like a Texan

atta boy, good luck, stay humble though

You focus on GBP/USD totally, is there a reason? Have you ever really looked at other currencies and if so what was your success? Some of the Yen crosses trend really well and it seems this system would be ideal?

Buy GBP/USD @ 1.9689
SL: 1.9629
Target: Lot1: 50pips, Lot2: 100pips, Lot3: 150pips

One reason i stay focused on the GBP/USD is because I like how it trends, I used to trade the EUR/USD, but i find it is more choppy. The Yen i have played around with, but never got a general just of it.

The 2nd reason is that i will wait till i have enough capital to be able to use 3 lots per trade on each currency i am trading at one time, so basically i want to be able to have 6lots total open at once for 2 currencies and 9lots for 3, etc. When i catch a trend I like being able to capture profits and ride the trend for the most i can get out of it.

hit stop loss for total of -180pips

Total So Far: +1108pips

Set a Sell Stop at 1.9639

sell stop hit:
Sell GBP/USD @ 1.9639
SL: 1.9699
Target: Lot1: 50pips, Lot2: 100pips, Lot3: 110pips

came out at breakeven, if i was at my computer i would of taken profit on about 35pips on lot1 after i saw it come w/in 10pips of my target (went up +41pips, my target +50pips). So i would have moved my stoploss to breakeven.

I dont like playing the "would have, could have" game.. but in this case i was trying to be honest in what i would have done being at the computer, so I would have moved my stoploss to breakeven and so i did that but did not record the +35pips i would have taken lol, if all this makes sense

So +0pips on this trade

Buy GBP/USD @ 1.9646
SL: 1.9586
Target: Lot1: 50pips, Lot2: 100pips, Lot3: 200pips

Trend manager gave Sell signal @1.9618

So -84pips

Total So Far: +996pips