Cyberforex Trading Journals

After FMOC here is my analysis (trading plan) for GU today ... it looks like the trend will still continue to go up to my target around 1.3100 but it will likely to retrace a bit, lets see, i maybe wrong as always ..

Update here my entry at my trading level :

"Plan your trade and trade your plan"

OK, long time i didnt put my trading plan here, its because i'm a bit lazy ... I almost forgot i have a thread ... lol

Here is my today trading plan for GBPUSD and GOLD (TF H1) ... my trading plan GBPUSD is updated (check the last pic)

I may be wrong ...

here is my entry sell (2 position with different target) for GBPUSD ... i think we will see down movement till New York lets see.

I may be wrong ...

and here is my entry buy for GOLD ... entry buy as planned ...

"Plan your trade and trade your plan"

i may be wrong ... so please do your homework ....

Ok, all positions are still alive ... and here is my plan for GU in NY time.

I'm normally bit lazy to post, but i think slowly i will share my knowledge how to trade, because of pandemic situation everyday people die, and i dont know maybe i'm the next .... lol. So hopefully someone could learn from my post how to plan a trade how to execute the trade and how to keep position to get optimized profit.

I'm still learning ... never ending.

I may be wrong

Ok because of a big news from GU today i didnt take any position before it, but here is my GU short entry at US (TF H4). Today GOLD gave more clearer signal, here i have already closed 2 positions but still 1 position left.

I may be wrong ... lets see ...

http://www.forex-central.net/forex-trading-losses.php

Forex trader psychology: coping with trading losses

In forex trading, creativity and the desire to take risks increase exponentially during winning streaks. This is generally not the case when your hard work and the time you've invested are not leading to profits. Stress and the taking of unnecessary risks are frequent side effects after a series of losing forex trades.

Seasoned professionals know that losing is part of the game. No trade is a "sure thing". With this in mind, they don't hesitate to accept losses, knowing that if they continue to take calculated risks, they will eventually be successful. The professional forex trader always questions his or her every move and precisely analyzes the reasons for which he or she opens a position.

Beginning forex traders do not realize that losses are a normal thing. After a loss, they feel frustrated. Generally, because of a lack of both knowledge and experience, the beginning trader takes profits too early and cuts losses too late. He or she then wants to catch up as quickly as possible, recouping losses by increasing lot sizes and thus the overall risk taken. He or she then believes that if his or her trading technique generated profits in the past, there is no reason to change the approach. Negative thinking and overconfidence distract the trader from the rigorous conduct necessary to successfully trade over the long term.

How you should cope with a loss

If you followed your forex trading plan but the trade went bad, note down in a trading diary what market conditions were and the reasons why you made this trade. Then, focus your mind on something else, it is important to be fully released from this loss and mentally ready to trade with a fresh perspective. After the markets have closed, you can review this particular trade. Your trading system might not be perfect for all market conditions. If this is true, you will need to identify the market conditions that best suit your system. A trending market, a consolidating market, volatility levels...

If you didn't follow the rules of your forex trading plan, you must rethink your approach and find out what is wrong. The problem isn't your method, the problem is you, since you didn't follow your strict guidelines. Identify your mistake so that you don't repeat it. The most common problems faced by traders are psychological problems.

"Revenge" is a negative state of mind which often occurs after you've suffered a loss. Impulsive acts, uncalculated risk taking, feelings of being all-powerful, etc... are the result of a vengeful mindset. Instead of helping you get out of a rut, it can contribute to your financial decline.
Fear is often an impulse for revenge. Because of this fear, you can end up taking significant risks. This is often detrimental, and not just in the case of forex trading. During the recovery of financial loss, it is important that you take calculated risks and think realistically. It takes time to recover a large loss. Do not make large trades during a state of panic. Working at a steady pace and keeping your trading positions stable will allow you to prevent negative emotions from affecting your trading.

Remain optimistic, methodical, patient and realistic.

Don't let your emotions dictate your actions, analyze the reasoning that guides your decisions by keeping a forex trading journal. Rationally weigh the pros and cons of each trade before you invest your time and your money. For a beginner, the initial focus shouldn't be on making profits but on not losing money! Forex trading isn't a game, it's a profession that's difficult to master as it requires specific psychological qualities.

my short entry for GBPUSD ... lets see ... i may be wrong

Hi sir please metion entry point tp and sl also.thanks

First i will mention here that I'm a day trader my minimum daily target for GU is 50 pips more than that is bonus for me. I put rarely a SL because i have a very good MM even if the price 3000 - 4000 pips against me, my position is still survive. I will close it manually if the price against my position - it means based on VSA the direction of my position is not supported - normally in GU i will know it if my position is in the wrong direction around 20 - 50 pips.

my entry 1.37955, TP 1.37288 (you can see the lines on my picture, there is my entry and my target, my TF is H1)

update : adding position for GU at 1.37866 TP 50 pips

My short entry for GOLD ... I may be wrong

hey ur not wrong, but u missed a bunch of pips, the entry was a bit higher up, fake break. entry on the 50% retest. cheers

yeah, remember i'm daily trader and best entry higher up was yesterday (in my time), and i think from London opening that is maybe the best and most less risky entry .... looking for continuing of down movement

the entry would ve been round 13 00 pm london time. like 2 hrs from now, and i see ur awake and tradin, so u could ve taken the trade. haha
the vol of the lows is very low, so i don t see a reason other then it s friday for price to not continue lower. stay green

if you dont mind everybody who subscribe my thread please subscribe me too, just want to know who follow my thread, if there is many interest maybe i will try to make call often ... i'm a bit lazy man

trade call for GOLD was almost in real time ... i took entry make screenshot and publish here and also for others call (GBPUSD) ... if you check the time when i publish here maybe around 2 -5 seconds different or a little bit late because i write something but thats all ... i try to make a real time call

My GU entry 1.38645 target just 50 pips 1.3814, lets see how it will work ... i may be wrong

Target reached from previous entry, here is now my buy entry 1.38096 target just 50 pips 1.3860 ... lets see i may be wrong.

i dont like my entry today it was too early i should wait another bar to close to get a confirmation before jump to the buy side .... lets see

My short entries for GU every position has 50 pips targets ... lets see i may be wrong ...

"Plan your trade and trade your plan"

Ok, yesterday was a great success, now i will share my GBPUSD trading plan for London ... i'm looking for buying in London here is my plan.
normally i'm bit lazy but today it is exceptional ... lol .... I may be wrong ... lets see how is the price action around Europe/London time.