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Maybe my last month with forex trading journal

  • #61
  • Sep 19, 2018 1:34pm Sep 19, 2018 1:34pm
Quoting magne999
{quote} 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...
Cable is particularly prone to weirdness any time after 16:00 UK time due to the way the banks go about their business.

There's nothing wrong with trading Opens and Closes as such. News is the danger and you simply had the overlap of both.
  • #62
  • Sep 19, 2018 1:50pm Sep 19, 2018 1:50pm
All about slowing down and speeding up. Put this in context and you can make money every day. Your charts are full with elements that make you blind for the core informations.
I can not count more the times i speak about this, but nothing can change if you not change your position to look things from another corner, if you are in trouble.
If you can speak german or you can translate in your language, have a look in my thread (the last posts).
Market is simple, pure simple, nothing more, noting less.

Edit: Post 363 and after
Perfection is the enemy of good enough!
  • #63
  • Sep 19, 2018 1:53pm Sep 19, 2018 1:53pm
good luck on the journey.
until now I still failed mastering on scalper. hihihihi xixixixi
we don't predict, we only ride
  • #64
  • Sep 19, 2018 2:34pm Sep 19, 2018 2:34pm
Quoting MichaelSch
All about slowing down and speeding up. Put this in context and you can make money every day. Your charts are full with elements that make you blind for the core informations. I can not count more the times i speak about this, but nothing can change if you not change your position to look things from another corner, if you are in trouble. If you can speak german or you can translate in your language, have a look in my thread (the last posts). Market is simple, pure simple, nothing more, noting less. Edit: Post 363 and after
I have my EMA`S as triggers and dynamic support/ressistence and i have all the pivots and support ressistence lines/levels as possible as i only trade reversals when confluence of 2 signals ore more i also have a linear regression too point out the shorttermtrends and i only take insidebar breakeouts with the shortermtrend as well as longer term and thoose trades are the best they usually give more pips 3-5 and have a winrate of 70%+ on reversals i take only 1-2 pips on the 1 minute because the supp/ress arnt as strong doo too the high volitility on the 1 min...I used too trade the 3 min and did that with some profits for abaut two months and the market changed a bit ore someting because my trades fell trew the levels that where strong enough before so i had too adapt....Everybody is telling me that i have too much on the chart but it is this template with some minor changes i have used for the last 4 years its really not my trading that is the issue its my lack of disipline too follow my own rules......When i get in front of the screen its like all the rules goes out the window and that is why i have this journal too keep it transparent soo every one sees my flaus and mayby that can help me getting more disiplined.....Like today if i had followed my rule abaut stopping after one los i would be up 8% instead i took a huge loss.....But i just put in more its only money and there are more from where it came from.....Hopefully one day not too far away we can start taking out money instead of only putting in...LOL...Tomorrow a new day...
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You win some you loose some do both with peace of mind
  • #65
  • Sep 19, 2018 2:50pm Sep 19, 2018 2:50pm
Quoting magne999
{quote} I have my EMA`S as triggers and dynamic support/ressistence and i have all the pivots and support ressistence lines/levels as possible as i only trade reversals when confluence of 2 signals ore more i also have a linear regression too point out the shorttermtrends and i only take insidebar breakeouts with the shortermtrend as well as longer term and thoose trades are the best they usually give more pips 3-5 and have a winrate of 70%+ on reversals i take only 1-2 pips on the 1 minute because the supp/ress arnt as strong doo too the high volitility...
https://www.thestreet.com/story/10395087/1/10-ways-to-build-trading-discipline.html
  • #66
  • Sep 20, 2018 7:46am Sep 20, 2018 7:46am
First session done i only broke my rules 1 time today and got punnished for it i took a 9 pip loss instead of 1.5 that is the fixed SL so i had too recover that i did and are up 4.2 % after 10 trades winning 7 out of 10 last trade where 4 pips i am happy with that was a insidebar breake out bullish hit target in 2 minutes....Starting of careful i am going too try second session also but a total stop after first loss.....Its printed in stone now when i tell you like this i am an idiot if i breake that rule....And no moving of sl either...
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You win some you loose some do both with peace of mind
  • #67
  • Sep 20, 2018 11:49am Sep 20, 2018 11:49am
I phucking hate UCAD it got theese strange moves sometimes i entered with the shorttermtrend on a bullish insidebar breake out and as soon as i entered it turned against me and of course i broke a rule and moved my sl because this was my only trade if i lost soo couldnt doo that it could turn around......This is soo neewbee thinking that i almost puke....I am really pissed at myself again but this time it did turn around after beeing down 4 pips and it got exactly up too where i entered and kept fighting too cross the green entryline but got tired and turned again and of course way down again and miracly it got up again and the same ting happend for 2-3 candles and plummited down and hit my stop at 4 pips....I now know that GOD is against me i know that nobody else but me have that kind of ressistence in trading that i have theese tings happen too me everyday.....What i should have done the second time it was up there and turned i should have opened 2 sellpositions instead and taken 6 pips don move,,,,,But i asure you if i had done that it would have spiked up and gone 10 pips taking out my stops on the hedge and i would have broken another rule abaut not taking more than 1 loss on evening session....So ended the day up 1.9% atleast it is green....If i only could let my stop stay where it is i would have been up 25 dollars today....Stupid...See you tomorrow...Keep it green..
You win some you loose some do both with peace of mind
  • #68
  • Sep 20, 2018 11:58am Sep 20, 2018 11:58am
I rearly get more than 2-3 consecutive losses so i am going too add a kind of martingale moneymanagement not doubbeling up but with 1.5 pips sl i am going for 3-5 pips on every trade and start with 0.33-0.47-0.63-0.78-0.99so if i can do 3 pips trade on the first 3 ore 4 pips on the last 2 i will make a small profit + i will surely win some of my first trades also and if i by any means loose all 5 its not like i blow my account....Its around 45-50 dollars if i loose them all and that is not impossible too recover using this moneymanagement.....Because i cant remember last time i had 5 consecutive losses....It surely doesnt happen often but its importent too only take the best setups...This is for my dayly session evening session is a 1 loss stop...STILL.LOL....And my EA is up 7.7% since tuesday evening thats pretty good....Cant wait until Desember when my EA goes live on a 4-5000 account...
You win some you loose some do both with peace of mind
  • #69
  • Sep 20, 2018 12:11pm Sep 20, 2018 12:11pm
Quoting magne999
I phucking hate UCAD it got theese strange moves sometimes i entered with the shorttermtrend on a bullish insidebar breake out and as soon as i entered it turned against me and of course i broke a rule and moved my sl because this was my only trade if i lost soo couldnt doo that it could turn around......This is soo neewbee thinking that i almost puke....I am really pissed at myself again but this time it did turn around after beeing down 4 pips and it got exactly up too where i entered and kept fighting too cross the green entryline but got tired...
Always remember that CAD is tied to OIL. Any move in that market will move CAD.
  • #70
  • Sep 20, 2018 12:11pm Sep 20, 2018 12:11pm
Quoting magne999
I rearly get more than 2-3 consecutive losses so i am going too add a kind of martingale moneymanagement not doubbeling up but with 1.5 pips sl i am going for 3-5 pips on every trade and start with 0.33-0.47-0.63-0.78-0.99so if i can do 3 pips trade on the first 3 ore 4 pips on the last 2 i will make a small profit + i will surely win some of my first trades also and if i by any means loose all 5 its not like i blow my account....Its around 45-50 dollars if i loose them all and that is not impossible too recover using this moneymanagement.....Because...
Better stay away from such kind of money management. If you can not, be ready for loosing lot of money.
Perfection is the enemy of good enough!
  • #71
  • Sep 20, 2018 12:24pm Sep 20, 2018 12:24pm
Quoting MichaelSch
{quote} Better stay away from such kind of money management. If you can not, be ready for loosing lot of money.
Ok you dont have any faith in it.....I just took a trade now and took a loss and adjusted lots from 0.33 too 0.42 and made a profit but of course only one time LOL....Its not like in binaryoptions where you needed too multiply by 2.5 here you can make a small adjustment and add a pip too the TP and you are good....But of course first time i take a 5 loss i will stop it....And as i say with my tight stop its only 45-50 dollars...Sat in front of computer and got a good setup on EUR/USD and with both short and longterm trend a bullish insidebar the first went against me but it came back and i tried again and made 4 pips...
You win some you loose some do both with peace of mind
  • #72
  • Sep 20, 2018 12:30pm Sep 20, 2018 12:30pm
Quoting magne999
{quote} Ok you dont have any faith in it.....I just took a trade now and took a loss and adjusted lots from 0.33 too 0.42 and made a profit but of course only one time LOL....Its not like in binaryoptions where you needed too multiply by 2.5 here you can make a small adjustment and add a pip too the TP and you are good....But of course first time i take a 5 loss i will stop it....And as i say with my tight stop its only 45-50 dollars...
This is the beast behind it. What if you loose 10 - 15 in a row? Is this in all 2% from your account or is your account after this in the pocket of someone else?
I played with martingale and learned my lesson hard. I know you will test it.
Perfection is the enemy of good enough!
  • #73
  • Sep 20, 2018 12:49pm Sep 20, 2018 12:49pm
Quoting MichaelSch
{quote} This is the beast behind it. What if you loose 10 - 15 in a row? Is this in all 2% from your account or is your account after this in the pocket of someone else? I played with martingale and learned my lesson hard. I know you will test it.
Ooohh i have blown a ton of binaryoptions account with that shit...with bins you needed too continue until you win ore blow account....This is not the case here,But as i am saying maximum 5 and if GOD still is aginst me and i loose all 5 first time it is 50 dollars if i can keep my hands of my stoploss that is easier said than done but for this too work i have too keep the SL exactly where it is 1.5 sl 3 pip target 1.5 pip sl on the 1 min isnt that tight really if it hasnt been some big moves because after big moves the pips change sometimes on GBP/USD a small move can be 3 pips and on USD/JPY the same move can be 1 pip it is a little tricky because it easier too get pips when there have been big moves but then again the sl is very tight and gets taken out more often....I am not sure why it is like this but after a while you get a feeling on the different pairs and sometimes the setups are different because of this....
You win some you loose some do both with peace of mind
  • #74
  • Sep 20, 2018 1:02pm Sep 20, 2018 1:02pm
A second tought mayby i should try a positive martingale instead after a win i increase the lotsize until i take a loss and start over that way after 2 wins with 1.5 pip TP i will be in profit even if i loose after increasing lotsize on the 3d trade that way it will not be any big losses....I think i will try that instead...
You win some you loose some do both with peace of mind
  • #75
  • Sep 20, 2018 1:24pm Sep 20, 2018 1:24pm
Took my absolute last trade for the day i was up 2 pips and when i closed it dropped 1 pip down but a win is a win...Good night traders...Keep it green..
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You win some you loose some do both with peace of mind
  • #76
  • Sep 20, 2018 1:42pm Sep 20, 2018 1:42pm
I tried lot money management combos and martingale was terrible. Why someone want play with martingale? Is this greed? A "conservative" model is working for many trader and can work for you too. It is a personal choice and must fit the trading style. It is difficult to say this is the only money management and nothing else can beat it.
I build my account slow, but constant over a longer period. If market is some days out tune, i do not worry about my losses. I know i build it up again and ready for the good times to make my account growing.
It is the balance between the risk and reward. If you want have ten times more as the risk, you have pressure to find a so tight stop or must have such a great move in your favour.
Say we want only risk 3 Pips and want reach 30 Pips, what you think how often you can reach this with daytrading? What about your SL, how often you get a SL?

I do not take me under such pressure any more. I want less pips in my favour and i am happy with it for the day. Close my trading station and trade again next day. I do not make hundreds of trades the day and do not trade several pairs. One pair, one focused work, one movement catch.
Perfection is the enemy of good enough!
  • #77
  • Sep 20, 2018 2:22pm Sep 20, 2018 2:22pm
I am not greedy when it comes too pips either i am more abaut the winrate because i have a stop at 1.5 pips on the 1 minute isnt really that thight i settle with 1-2 pips most trades and try and get some running 3-5 my goal is too win more trades than i loose i am starting out carefully now with a few trades pr day but if i get in the flow i can do 50 trades on 1 day but my winrate need too stay over 60%....I am very grateful for your inputs michael....See you tomorrow....
You win some you loose some do both with peace of mind
  • #78
  • Sep 21, 2018 6:01am Sep 21, 2018 6:01am
Ok i am locking in some small profits its Friday and usually not the best day for trading i am up 6% in 2 days now and that is not too bad next week i am going for 50 dollar target for each day with a 20 dollar stoploss that is 2.2:1 risk reward and with the 1 loss stoploss on evening session i am thinking i will minimaze my losses because mayby one day i can doo 7 trades before i get a loss and that means i can loose 7 days in a row without loosing....Will do a recap after evening session....Hopefully dont start out with a loss like yesterday...Yes and get this i didnt move my stop one time today....Very proud...LOL
You win some you loose some do both with peace of mind
  • #79
  • Sep 21, 2018 12:40pm Sep 21, 2018 12:40pm
Now the crazy moves start soo i am calling it and a long weekend without trading is up and i cant get my fix until monday....LOL did 2 winners and then a 2 pip full loss and then i took another trade at a lower ressistence point on EUR/USD and i got 1 pip soo i recovered the loss in total up 6% in two days a little short of my goal but taking only a few trades now in the start before i can respect my rules totally....Nexy week i am going for 20-25 trades pr day ore 50 dollar gain ore 20 dollar loss....See you Monday...And keep it green...
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You win some you loose some do both with peace of mind
  • #80
  • Sep 24, 2018 7:01am Sep 24, 2018 7:01am
I am still being careful and lock in a small profit and will go at it second session with the 1 loss stop.....I didnt move my SL today at all YEEAHH...
You win some you loose some do both with peace of mind
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