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Pipbuilder's hole

  • Post #1
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  • First Post: Mar 8, 2010 9:44am Mar 8, 2010 9:44am
  •  Salda
  • | Joined Mar 2008 | Status: Forex Junior | 33 Posts
So first let me introduce myself. Im 19yo student right before leaving exams(perfect time go live right?) and Im from one small country in Central Europe.

After 4 years of studying forex I have finally decided to go LIVE. I think that it was really long journey and interresting one - from trying to find "holly grail" to trading with trend, using round numbers, fibonacci and no emotion trades.
I dont use indicators. They show us only what has already happened. Everything what I need I can see on the charts.

I trade majors, some crosses(gbp/jpy-favourite one). No exotic or some "individuals" with big spread.

Here is my trading jounal to help me keep me disciplined. Ive got alway problems with discipline, I can count on my fingers how many times I have done my school homework during last 5 school years.

Here are my goals:
(1)Firstly I want to stay alive, get comfortable with live trading, watch my emotions
(2)After that I want to make some little profit and then fund my account with "serious money".
(3)Then make pips
(4)Finally make tons of pips.

I dont have time horizont for any of this.

NOTE: I have a micro account at FXCM. Coz of low spreads(I know u can find lower) and the option to fund your accout just with credit card.
NOTE: Right now It is mainly for personal purposes only.

See you soon.
  • Post #2
  • Quote
  • Mar 9, 2010 1:51pm Mar 9, 2010 1:51pm
  •  Salda
  • | Joined Mar 2008 | Status: Forex Junior | 33 Posts
First LIVE trading day is beyond me. It was bad one. It rly hurts. May be it is better to have first live trade really bad.
But never mind I have to learn from these mistakes and try to not repeat them. I think that my biggest mistake was that I slept too long and after Id waken up I was rly mad at myself that I was unable to woke up earlier especialy when I saw the big moves. So I tried to jump(based on no strategy) on this pip train but the train stopped...

GBP/USD - -65
EUR/USD - -30
EUR/JPY - -45


TOTAL: - 140
  • Post #3
  • Quote
  • Last Post: Mar 10, 2010 11:24am Mar 10, 2010 11:24am
  •  Salda
  • | Joined Mar 2008 | Status: Forex Junior | 33 Posts
My second day between LIVE traders hasnt started very well. I got my ass kicked on gpy/jpy - twice on Manufacturing Production m/m and once by too tide SL(I think here comes emotion called FEAR into game). I got my ass kicked on gpb/usd coz of same reason.
Luckily I have made two long trades on eur/jpy and usd/jpy.

Although Im not after first two days in profit Im glad that Ive started that Im still in this "game". Im also glad that I gain some new experiences, I met mr.FEAR and I also met mr.GREED.

GBP/JPY - -74
GBP/USD - -38

EUR/JPY - +115
USD/JPY - +43

---------------
TOTAL: 44



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