My Live Trades on my Live Account 588 replies
go live or bust ... diary of an fx live-trader-wannabe 1,621 replies
These are the totals just for this month
Dislikedso what the totals from the first month u begin to trade? (november) , cause in the early posts, u always count your profit from first month (november), and since u often lose, u never post your totals from first month , i am sorry i just wanna know coz i have been followint your trades from the first post, i just wanna know your total perfomancesIgnored
Dislikedyou're a born again trader, steve! i'm a bit lost with how many pairs you trade now though.lol.
keep up the good work, bro.Ignored
Compliments on the journal buddy. I have been following this puppy from the get-go. Thats me lurking in the deep.Its good to see the development and discipline you have shown. It looks as though you are pulling through the rough patch and starting to rip the pips again, good for you champ. Hope things continue.
Anyway, keep up the fine work.
Have a good weekend.
DislikedA couple of Q's just came to my mind,
-Are you still using Daily charts? Yup
-Do you enter your trade at anytime of the day? Still mainly at open/close of daily bar but theoretically I could open at any time
-How are you going about setting your s/l now? OK, it's a litle flexible this one - I'm generally placing it initially at 40-50 pips (depending on the pair) above or below a recent high/low on the dailys. I'm finding that I'm closing my trades too early but at least I'm closing most in profit and that's a start. For example, let's look at a few of my trades since 10th June and where they would be now if I hadn't closed....
EURJPY long from 162.80 - would now be plus 244 pips (Actually took minus 7)
EURJPY long from 162.42 - would now be plus 282 pips (Actually took plus 32)
GBPJPY long from 239.06 - would now be plus 484 pips (Actually took plus 86)
GBPJPY long from 239.85 - would now be plus 405 pips (Actually took plus 5)
EURUSD long from 1.3304 - would now be plus 82 pips (Actually took plus 2)
EURCAD long fro 1.4210 - would now be plus 82 pips (Actually took plus 7)
USDCHF short from 1.2439 - would now be plus 29 pips (Actually took plus 2)
So, there's over 1600 pips! As I'm in the first few weeks of my new method, I'm finding that I'm taking profit earlier, rather than risking a reversal. I then look elsewhere for a new set up on another pair. It's a tricky one trying to find a hapy medium. I must also realise that some trades I've taken a good profit on this month by closing earlier, would have turned out losers if I'd held on. Still learning lolIgnored
Answers below in red....
"...So, there's over 1600 pips! As I'm in the first few weeks of my new method.."
DislikedSteve, I have a stupid question: have you decided to exit from the previous method? My apologies if I missed such post. Regardless, you are doing great and good luck.
Not a stupid question - I stopped trading my original method towards the end of May. I've six months of live trading behind me using this method & I'm trying to take the best elements and incorporating into how I trade now.
I need consistency and I believe, little by little I'm getting there.
DislikedMay was the last month I used my original method and that lost over a thousand pips, making me minus 414 overall.
Since June have been using a new method and so far up 632, so I guess that makes plus 218 overall.
Its still very much a learning process for me, so I would rather draw a line after May and start from scratch again with effect from June as I'm now using a different method to place my trades.
I'm glad to see you are in here and updating your journal. i'm your old visitors maybe you forget me but i'm first man that voted 5 star your thread coz i know that you are good trader.
Thank you for shared your trades.
Good luck my broIgnored
DislikedHi Steviet ,
Just wanna say "Good Luck with u'r trading"
i learned a lot about forex from u'r journal here ....