Maybe my last month with forex trading journal

Good to see you back on the horse.

You need to completely banish the negativity that sneaks in though:

''...we will see if i can get it too last (I am sure i wont)...''

That does no good at all and eats away at your self-confidence.

Be the glass-half-full guy.

You did it today. Why would you not do it again?

Being successful is just as likely as you not doing it again, assuming all things are equal.

he will , no worries

he just needs to become more self - disciplined

TRUE

Did only 8 small trades today 7 winners and one 0.1 pip loss i took very small TP today too the priceaction in the market i didnt like it and thats doe too the few trades...We will see again tomorrow...Wasnt a loosing day atleast...

Been in profit for 4 days with my insidebar 1 min soo i will try and trade 1000 dollars account again too see where i am at...

Been taking it slowly in the start now i am going too doo more trades today...

Slowly growing arnt taking too many trades yet need too see if i can keep it consistent atleast 4 days a week winning days many people would say you trade way too high lots and are risking way too much but with a fixed stoploss of 1.8 pips i really dont risk more than 1.8% pr trade and the most importent is too keep the winrate over 60% over time and try and get 1.5-2 pips out of the winning trades but many many of my wins would have been loosers if i hadnt taken 0.7-1 pip wins also so i need too take that into the picture....And take what the market gives but too be proffiteble with too many 1 pip wins i need the winrate too stay over 70 atleast....I am going too try and get some trades with 3-5 pips also on the strong shortermtrends with a good breake of the insidebar and the insidebar being bullish on a bull trade and bearish on a short trade....Its Friday soo i stop for today being the best day soo far...Even if it is Friday...

I am done for the session will take only a coupple of trades in the 17.00-19.00 gmt session because i will not give back too the market....Did 21 trades today up too 50 trades now all of them being 1-2 pips but if winrate is good 76% then you can make a nice profit of the small TP`s its all abaut the winrate when i have a fixed sl on 1.5 pips and 2 pips on Cable because its less slippage on cable more pips with less movement....I am going too push it up too 50 trades pr day after a while but i really need too be careful and only take good setups i really love some of my supp/ress lines pivots and fibpiv i took 3 trades of the same ress.Point on USD/JPY in confluence with the 100 EMA as dynamic ressistence..I only take trades of pivots/Fibpiv... when i have confluence that way they work out 3 of 4 times ruffly...I am using a marketpanel indi that have pivots and RWL,RDL,RHL and more supp/Ress lines on it and the panel shows candle time,spread,open markets,price and more i will post it here for you i cant live without it.....I am also going too goo for more pips of the insidebar setups because i take them only in strong shorttermtrend and with longtermtrend also so a breakeout of the insidebar can be a point of no return with the trend soo i will start trailing my stop when 3 pips are hit i probebly will get more losses on thoose but can get up too 5-10 pips on a trade with 1.5 pip sl...And that is a nice R:R 1:6 with 10 pips..We will see i really dont like too be in a trade more than 5 minutes usually,but if i get two nice candles with a total of 3 pips ore more i will move sl too BE+1 and keep trailing with 2 pips behing price...Will do a little refery after late session...

Here you have the marketpanel indi...

i took a coupple of losses then recovered with a 4.7 piptrade that i where very happy with that was a insidebar and i took a coupple of losses and then i did someting i dont do anymore i opened a second possition when down a coupple of pips and it worked out and recovered again and then it was done i had broken the rule once and of course i did it again i am going back live tomorrow with only 70 dollars in my account and will deposit 350 on wednesday soo tomorrow i am going too trade only 0.07 lots 1% a pip as i always doo....I am never trading the euro in the last ours of London again it jumps up and down like crazy....So now i am opening the live Tradeexplorer and hope too be disiplined enough too make consistent profit i have done it on demo for a while now soo we will see....

And too get a edge on the Market i am doing a maximum loss pr session soo that days when i am doing good i will do many trades and days not soo good i will stop if i get too a number of losses and with a fixed Sl on 1.5 pips ore % it will only have that much drawdown....I think i will doo 5 trades if there are 3 losses in first 5 trades i will stop and a total of 5 losses for first session i will also stop......When it comes too the second session i will stop if i start with 1 loss if the first trade failes i stop and a total of 3 losses in total of second session...this i need too be very disiplined with and NEVER,NEVER,NEVER move my stop if price comes neare the SL close the trade out instead and save a little before it hits....When you are trading supp/ress and the trade goes as much as a tick over on the other side the trade have failed and you can just as good close it with minimal loss instead of hoping for it too come back...If you are in a strong trend it can happen but usually it just keeps going for the SL

Hehe i where soo stupid too open 3 0.05 trades on the AUD/USD and at this time of day sometimes the spread goes trew the roof soo when i opened the trades they where down 15 dollars also 10 pips of the 76 dollar account at once...The funny ting is that the spread indi showed 0.3 as normal and the green entryline where at the right place soo i have no idea what happened..I am in chat with my broker now too resolve it and i am opening a new account...I think they will refund it and the new account should be ready 10.00 gmt tomorrow....I really know better than too open a trade beetween 8-9PM gmt too 12.00PM gmt its a mess with spraeds and the moves are sometimes exstreeme....When the open of a new daily candle it freezes for 4-5 minutes sometimes i know better but still there where a nice bullish insidebar but 10 pip spread LOL not easy too get out of a trade on the one minute then...I never trade after 19.00 GMT because of lower volitility and this shit with the spreads and freezing....Usually my broker have a very good spread on 0.1-0.2 on EURO and UJ and 0.3 on Cable and AU and UCAD thoose are the pairs i trade i will hopefully be ready with new trades and new account at 12.00 GMT tomorrow.....Green pips too you all...

That is good customer service even office is in London and its late at night they fixed the new account for me making it a V.I.P ECN account with 2 dollars pr lot traded and 400:1 leverage it is really for people with over 25000 deposit that get 2 dollars pr lot commision instead of 4 dollars pr lot and the spread as said before on EURO and UJ is 0.1 from 8.00 gmt too 19.00 gmt atleast...They have stayed unregulated because they saw the ESMA`S maximum bullshit coming and have beeen in buissnis since 2012....For scalping like i doo with most trades beeing 1-2 pips its another world with ICMARKETS and 7 dollar pr lot i payed the same in commision that i made profit ruffly...LOL and there are more expensive brokers than them XM has a zero account with commsion up too 9 dollars pr lot and you have standard accounts with spreads from 1.2-2 pips that is in reality 12-20 dollars pr lot and i could forget trading like i doo for sure....I will make a deposit tomorrow when i come home at 11.00 gmt and be ready too start trading at 12-13.00 gmt and i will deposit the rest on Thursday....See you... green pips too all...And i am not saying this too promote my broker havent said who it is either i am just saying i am happy with them...

Yes and they refunded 21 dollars too my IB account...Nice broker..LOL

I wont be doing any trading today i didnt get any sleep last night and are kind of out of it its not good too start like that i deposited some funds will deposit some more tomorrow ore thursday...keep it green...

First session done....Way too many losses today but i kept most of the winners too 3-4 pips atlest in the start up 8.7% without risking more than a little over 1% pr trade... 1 trade i broke a golden rule moved the stoploss so i got a 2% loss took the account up too 406 dollars and took tre quick losses on USD/JPY tried the same setup 3 times its not smart soo i made another rule there if loss walk away...Then i recovered up too 403 dollars.......Beginning too be many rules now...LOL....In second session in an our i desided too trade until i get a loss ...First loss walk away...will do a quick update after...

I am nearly atthe point that i give up on myself i took the first trade and made 1 pip and i lost the second on GBP/USD that was a 2 pip loss and then i did what i wasnt going too i opened aanother trade...And got punnished for it some news ore whatever....Ore it was the London close that did it was came out at 19.00 my time GMT+2 ore 17.00 GMT i think it is but i cant find it on the calender but if you look at chart at that time you will see it and it went soo fast that my stoploss didnt work i cant understand that because i have a fixed stoploss on my tradingpanel soo i took a loss of 25 pips....this is my own fault even the stop didnt work and the news are not in calendar because i wasnt suposed too be in that trade.....So now i have too open a new live account again i am not starting out on my final journey negative 25 pips....What am i supposed too do abaut my disipline problem???I am going too write down my rules on paper with big letters the rules for entry on a trade and the rules for stop trading when 5 losses totally for first session stop trading when 3 losses in first 5 and stop at first loss on second session....I am 100% confident that i am able too make money if i can stay by the rules..See you tomorrow...

Trading Cable at that time is always dodgy.

Aside from that, having a fixed stop is not the same as having a guaranteed stop.

A fixed stop can still be jumped at times of increased spread. A guaranteed stop is something you pay your broker to implement.

Are you serius i didnt know that....when you get moves like that the spread always increase.....Ok i will stay out on All closings and opening of markets also another ting too remember....Thanks Lem...

I am testing a EA i came over i am testing it for two months before taking it on a live account....The only draw back with it is that you need a 2000 dollar account pr pair you are running i had it running for 2 days on 3 pairs and made 5.7% profit....So you can just follow its journay with me i have it on a explorer so PM me if you want some info on it....