That is because I thought EUR/AUD and EUR/GBP were better to sell and I don't like to have too many open positions where I am short or long on the same currency.
Ignored
That makes sense. Trading the better options is sound money management.
GBP/JPY closed for +6 pips
AUD/JPY closed for +19 pips
AUD/USD closed for -58 pips
EUR/GBP closed for -29 pips
USD/CHF closed for -136 pips
GBP/USD closed for -152 pips
Total +134 pips
If slaughterhouses had glass walls, everyone would be a vegetarian!
Have you had a chance to analyze the last trades? Any way you might be able to lower your exposure, or was this just one of those days?
Ignored
I could make the losses much smaller by just having one trade open at a time but then I would also win much less and I am not satisfied with a 50 % increase of account balance each year when I only have invested $250. So it was just one of those days.
If slaughterhouses had glass walls, everyone would be a vegetarian!
I could make the losses much smaller by just having one trade open at a time but then I would also win much less and I am not satisfied with a 50 % increase of account balance each year when I only have invested $250. So it was just one of those days.
Ignored
Well,...you have the right attitude. Have you set target amounts and time frames, or are you looking to increase profit by as much as possible?
Well,...you have the right attitude. Have you set target amounts and time frames, or are you looking to increase profit by as much as possible?
Ignored
I am looking to increase profit by as much as possible without too much risk. I don't have target amounts and timeframes. I don't have much money because I am a student but I hope to earn some money from collective2 that I can use on forex trading and maybe also stocks and commodities in the future. Maybe I am also going to make an ebook about my system and sell it on clickbank.
If slaughterhouses had glass walls, everyone would be a vegetarian!
I have chosen to close orders early today because I am very tired and need to sleep.
EUR/CAD closed for -93 pips
GBP/USD closed for -111 pips
AUD/USD closed for +92 pips
USD/CHF closed for +68 pips
CHF/JPY closed for +25 pips
EUR/CHF closed for +29 pips
EUR/GBP closed for +78 pips
GBP/CHF closed for +250 pips
USD/CAD closed for +21 pips
Total +491 pips
If slaughterhouses had glass walls, everyone would be a vegetarian!
I have chosen to close orders early today because I am very tired and need to sleep.
EUR/CAD closed for -93 pips
GBP/USD closed for -111 pips
AUD/USD closed for +92 pips
USD/CHF closed for +68 pips
CHF/JPY closed for +25 pips
EUR/CHF closed for +29 pips
EUR/GBP closed for +78 pips
GBP/CHF closed for +250 pips
USD/CAD closed for +21 pips
You chose to buy the GBP/CHF on the 22nd (profiting a nice 250 pips.) Why did you choose to buy? On the chart below, I have marked the decision candle with an arrow. Your decision was correct for a nice profit, however, it does not fit with your entry rules. Have you made a change on your rules which helped you to make this decision?
You chose to buy the GBP/CHF on the 22nd (profiting a nice 250 pips.) Why did you choose to buy? On the chart below, I have marked the decision candle with an arrow. Your decision was correct for a nice profit, however, it does not fit with your entry rules. Have you made a change on your rules which helped you to make this decision?
Ignored
It did fit my entry rules. The candle before had created a downtrend by closing below the highest opening price for an up candle in the previous uptrend. The candle in the previous up trend that has the highest closing price is very close to being a doji but it isn't so it should also be counted.
I have added a rule to the system and it was based on that rule I made the trade but it still fits with the original entry rules.
If slaughterhouses had glass walls, everyone would be a vegetarian!
It did fit my entry rules. The candle before had created a downtrend by closing below the highest opening price for an up candle in the previous uptrend. The candle in the previous up trend that has the highest closing price is very close to being a doji but it isn't so it should also be counted.
I have added a rule to the system and it was based on that rule I made the trade but it still fits with the original entry rules.
Ignored
Thanks, I understand. It looks like you have developed a good feel for the charts and the market.
