DrPhu Went Live May 15 2007

I did well in demo after a rough start since Jan. 15 2007
waht a difference Live is Blew $650 in 2 days. Learned a lot though.
Thought I would start this so it will be very cool when I get forex
working my way... the trades may not be live and only time will tell
how well I'll keep up with this Journal.

Live, Currently Looking @ 4 hour charts on NZD/USD and AUD/USD going long now, I figure their both good for 50 to 60 pips in a day or 2

Good Luck and hope you do well.

I Looked at all my live trades 4 the first 2 days over the weekend and only reason I didn't make 50% on my account was I chickened out. So thought this journal might keep me honest with my self.

Fact is I had some great entries on most all trades and just belw it, no excuse except maybe newbie live jitters.

Good Pips to you too!

- Paul

Well I hope you didn't join in on the Aud/Nzd/Usd Trades those entries weren't very good at all. Their still open however and maybe the market will turn them into good traades after all. I even tried to hedge a few pips back but was rather late in doing so.

However I did have a nice active session eventhough I didn't get in on the Gbp/Eur/Usd nice moves, Next time I will be better prepaired for those.

Here are the closed orders for the day. +139 pips from 0.1 lot sizes.

Wow still a bit eager to pull the trigger, I was lucky to get out alive on the Gbp/Chf trade and when I set a Stop buy entry on Usd/Chf from 1.311 that is when I should have accessed the 2 big majors and my previously posted Aud
and Nzd trades.

Seriously going Live is much different then Demo and I am Really starting to like this!

"Imagination is more important then knowledge" Einstein

Wow I am surprised I'm not in a carry trade on GY from last Friday, tuesday or today even. What a Shame. I'm still making a lot of mistakes.

However I think one can learn much better on Live trades then demo.
Yes A short time on demo is good and nothing like a Demo to test out
new methods.

I've Up-Graded my forex Homework to put S/R Pivot points in an Excell
Spread Sheet. NOTE it's not a zip file it's .xls I had to rename it to .zip
for system to accept upload, just rename it when you get it to .xls

Any one is welcome to use, edit and distribute it, no strings
attached from either party. I like it hope it helps you do better too!

- Paul

P.S. I haven't lost any money on week 2 yet, just I feel I should be much further on to recovering the losses from week 1.