Maybe my last month with forex trading journal

I have been struggeling with forex for 2 years and with binary options for 2 2 years before that and i have been playing around with one system for the most part both with binarys as with forex with mixed results made a little lost a whole lot more blown i dont know how many accounts but even the gambler in me cant make me stop i havent lost money i couldnt really afford too loose i have paid my bills and had money for nessesery tings but havent had hollidays ore anyting ekstra because most have gone into small accounts usually blown....1 time i took a binary options account fromm 200 dollars up too 3000 dollars in a week i withdrew that and went too Thailand that was in 2015..

I started a 950 account last week took it up 15% in tree days then evry trade went against me like 22 trades ore so so i cut the account in half.....I understood i need too take some grip..I am changing from 3 min charts too 5 min too take some speed of and then i can trade GBP/USD,AUD/USD,USD/JPY,EUR/USD, and USD/CHF when i traded 3 min charts i couldnt get AUD;GBP/USD too work...I see today is a very difficult day too trade my system because theres a lot of micro volitility meaning it goes up and down with small moves like a machin gun....I am trading very small TP 1-3 pips sometimes 5 if it lets me in and out in 30 seconds thats my favorite trades i have fixed sl on 2.3 pips but psychlogicy i try and close out with 1 pip aaginst me so i need a winrate on 60-70% too be proffiteble...


So now i am going too keep this journal nooo fixing i have the tradeexplorer showing everyting and i am saving up too a 1500 account i will start 1. Oktober if i can be in profit for a month on demo...I have 12500 demo account and will trade 3 lots as i would if it where live...I have too sessions a day one from 13.00 gmt too 17.00 gmt and one from 17.00 gmt too 19.00 gmt i will have a stoploss of 3 trades loss i stop for session too try and get a edge on the market so if i get 20 winners i wont stop until 3 losses if i start with 3 losses i also stop....This is how my chart lookes its a lot on it but i trade all kinds of supp/Ress so everyting have purpus...Ok lets start i will make a coment after each session ore one after both...

I am going too wait until second session its too much noise...

good one my good friend...i am sure your broker will soon be begging you to stop pulling profits out of the market.success
paybackfx...

Best wishes on your comeback tour, buddy!

Deconstruct it in order to rebuild it stronger.

Wow.. ..
Best wishes friend

***Dashking***

HEHE i messed up totally opened more and more possitions as it was going against me so i am trading the acccount down too 10000 thats an even number......And start fresh tomorrow.......DISPLINE what is that.....ITS GOOD ITS PLAYING MONEY

I really dont understand this if i open a trade just random it is not like a casino the trades doesnt goo against you 50% of the time it goes against you 90% of the time like yesterday i had 22 of 25 trades going against me and that is why 90% of traders fail in this game.....It is the hardest thing i have ever tried too do....I am getting paranoid over this if i hadnt had two mt4`s from different brokers i would think the broker pushed the price against me......But what i did wrong now was a totaly idiot mistake i traded against a down trend on UCAD hoping for it too turn around....You must trade whaat you se and not what you think and i took a 1000 dollars hit and since its the first day i traded the account down too 10000 too start with a round number had this been day number 3 ore number 8 i wouldnt have started over i would had too recover that is why i doo this public soo i dont fool myself into thinking it goes better than it really does.....but i know what i did wrong and will have too try and dont do it again.......And it was not a problem trading the account down from 11500 too 10000 i just opened 5 possitions too times random and it was done in 5 minutes....LOL

Why not use experts?

Hmmm.. ..
Talking about discipline. .
I thiiink There should be a trading plan with rules as regards tomorrow trades... Just my opinion. ...
I am really interested in this!
Regards
DashKing

Really a catchy idea.. .

ITS really not abaut the money for me its more abaut the challenge of making it and be able too become disiplined it is nothing in this world that take more didipline than trading forex and when you are disiplined enough too do this you can do everyting....I know that my system works some days i had a week i did 65 trades with a winrate of 93% and last week i did 113 trades with a winrate of 75% the clue is that the market changes in cycles and i need too learn when too stay out of the market i will guess that goes for EA`S also and really you need too have a proffiteble strategie too code a EA too make money i know on MYFX BOOK there are mostly EA`S making money and some are making 1000`s of % i just never have seen one actually doing it in real life...they usually fail in the end...I am 44 years old and retired soo i have the time too trade all the time I am not rich but i get a steady paycheck from a fund every month and i will rather blow 10 accounts with 1000 dollars in it than too put in 30000 and loose that all at once because if you can get consistant and dont have loosing weeks you can in teory and take a small account and grow it quickly...And abaut the market condisions is why i have desided too take a 3 loss stoploss pr session too be able too stay out if my system doesnt work in thoose conditions....Do you have a EA that makes you money consistant???

Yes i am going too sit down and write down 10 rules regarding thank you for the input....I will take any advise too me as it is lonely in the market....

My broker also have ZULU trade i think the deal is that zulutrade takes 1.5 pips pr trade for copiyng their traders i think most traders there also are EA`s but some trade live and they are good and i am sure it makes money how much i dont know and i think you need too copy lotsizes also so you need too find one that is trading the lotsize you are able too do.....But its really not for me...

After some tips from my friend Lemencenaire i have cleaned up my charts a bit gone from 5 too 1 min charts changed the EMA numbers the only one that is the same are the 50 that now is trigger i kept my linear regression too see shorttermtrends and my insidebar that i will get many more trades of now on 1 min instead of the 5 min...i have the 10 EMA still on even Lemmy didnt say anyting abaut that my trading panel for fast executions are on with 2.3 stoploss and 8 pip target that almost never get hit i have the volume candle as a confirmation because when red bearish candle usually next candle reverses and green bullish more often than not also reverses but not that often that the bearish does.....So we will give it a goo tomorrow...

This is looking promising 7 trades 7 wins in 20 minutes i am going too hold until evening session too clear some of the noice trading the 1 min is a new experience too me i have done it before i have traded 2 min and 3 min a lot i mean very much but one min i always tough where too fast but it looks very good hopefully i can keep in profit going forward also....I trade breakes of the 50 EMA with the trend and the trend is very easy too spot with my linear regression i also did a coupple of inside bar trades that also worked very well out they come like pearls on a string the insidebar trades on the 5 min i was lucky too get 1 ore 2 in a day...I will come back with coments after evening session....here you can see how easy it is too spot the downtrend...

Well done. A good start.

One of the keys to factor in, is that trading the 1-min charts can become very exhausting mentally. It can grind you down, keeping that level of concentration going, so it is imperative that you take breaks through the day.

Get up and walk around, look out the window, do some yoga, walk round the garden with a cup of green tea, whatever. Just don't fry your brain.

If you start to make stupid mistakes, shut it down.

Again though, good start.

Thank you very much for the guidence and help i belive this can help me a lot on the way.....I really aprichiate it

yes i will quit for the day stopping when in good profit 2% isnt too shabby 75% winrate i have lowered my stoploss too 1.5 pips because of the small TP i got in two trades with 3 pips other than that they where mostly 1-1.5 pips.....Many people are like why bother but 10 pips a day are enough too make a living of if you can do it everyday dont forget that and if you are going for 20-40 100 ore 500 pips and you cant get it too work try this out its a lot of action high freekvently trading and really you can do 20 trades in an our and be done for the day... Today i had 2 times 20 minutes of trading and made 11 pips....Just saying...

Taake a look at this inside bar bearish trade would have been someting too ride that down....The insidebars are really working out on the 1 minute i post the indi here and you can test it out on demo...When downtrend and lines attached too a bearish candle when lower line breake you enter hold for first and second candle then exit you can also exit after first candle if you want too be safe