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Attachments: Some Days are Diamonds and some days are Stones!
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Some Days are Diamonds and some days are Stones!

  • Post #1
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  • First Post: Oct 30, 2012 12:21am Oct 30, 2012 12:21am
This will be my journal to keep track of my trading performance.

Main purpose is to achieve success in Forex Trading.

Here i will be documenting trading results, defined risk parameters, position sizing, set ups and risk reward ratio - my limited knowledge of Money Management.

All trades here will be on Demo Account with IBFX.
Have traded Aud/Usd last week Wednesday - Troops were underwater since then -

Friday made a turn around -

Today, Monday - watching price closely and seems no movement, perhaps waiting for Aussie News Release in 30 minutes

because of this news release i placed a target profit

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Quoting TrendCatcher
Have traded Aud/Usd last week Wednesday - Troops were underwater since then -

Friday made a turn around -

Today, Monday - watching price closely and seems no movement, perhaps waiting for Aussie News Release in 30 minutes

because of this news release i placed a target profit

Attachment 1072175
1 question, why is the position not cut when its already reached break even after being underwater for sometime? Is it because of the swap, you wanted the position to turn green more so u can compensate the swap? It's not really ideal to nurse a trade to turn it into a winner because you might miss other opportunities or the turn up which just happened.
Quoting 5percent
1 question, why is the position not cut when its already reached break even after being underwater for sometime? Is it because of the swap, you wanted the position to turn green more so u can compensate the swap? It's not really ideal to nurse a trade to turn it into a winner because you might miss other opportunities or the turn up which just happened.

Thank you very much for enlightening me, you were spot on! I will try to cut it very soon, i'm watching her now very closely. I'm still experimenting at this stage. again thank you.

regards,
Tim
  • Post #5
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  • Last Post: Nov 4, 2012 10:29pm Nov 4, 2012 10:29pm
added 2 positions

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