Oh yeah... Thanks for save, andersen!
- | Joined Apr 2006 | Status: Member | 440 Posts
"Youth is the trustee of prosperity." - Benjamin Disraeli
$3,200 to $100,000 experiment, trade at your own risk 29 replies
Eur Simple Trades High Risk Journal 26 replies
A simple way to create your own trading strategy 2 replies
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Trade the fundamental principals of financial markets- at your own risk! 109 replies
Quoting brick911DislikedI booked +44 for my daily range. Freakin PPI came out and stopped me out only to turn around and it's currently sitting around 1.8940... about 10 pips from my third profit target. Oh well... the old me, would have jumped back in, most likely at the wrong time, and lost a bunch of money due to chasing the trade.
Daily range for the week: +168
Priscan system - I closed my GBP/AUD trade at -176 pips this morning as it was heading way too far in the wrong direction. So far, it seems like a good idea, as it is 30 pips further from where I closed it. That hurt bad. I'm still not sure if I'm implementing this system correctly. Anyway...
Priscan for the week: -117
My EUR/AUD is hurting right now. (about -50) I'll wait until tonight's midnight daily candle close to see if I should hold on to this one.
My NZD/JPY is ar 38 pips profit.
I opened EUR/GBP going long last night that is doing great (+38). That is quite a move for the usually stagnant pair. I feel like banking it. I'll keep to the rules on this though.
I want to look into the PSAR and how that works for better exits on the system. MuddBuddha suggested that somewhere in the forums, and he/she seems to be highly regarded as a trader. Hey - if it can help me hold onto a few more pips... why not.
I placed it on one of my charts and was like what the f...! So, I got some learning to do.Ignored
Quoting brick911DislikedI closed my GBP/AUD early because it turned way too far against me. Plus, I probably didn't enter it correctly. I'm still understanding the candlestick part of the system.Ignored
Quoting aiccciaDislikedwell I've never heard of a forex trader who didn't blow their first account. I would start with a smaller amount, because in the next few weeks or months, the 10,000 will be tuition for your forex learning. The secret is, the price of this tuition is up to you. It doesn't have cost 10,000, it probably could cost as little as 300-500. And then the 1000s you've saved will be waiting for you when you've mastered the art.Ignored