From 17 to 1000...

would just like to mention that i dumped my AU charts and wont be taking any entries of this pair from now on, the reason being it's wierd move down and the fact that i have less time available to watch the markets these days, i may introduce it later when they somewhat start to trend in a normal way...

Regards,
Ghous.

the 6th trade for me.

long Gbp/usd...

0.1 lots at 1c/pip pip value.

reasons:

divergence on the daily
divergence on the 4H
support around 1.74 rd
Inside bar on the 4H

the charts:

happy new year ghous,

were you able to achieve your aim?

cheers & good trading.

yeah what happened?

Not sure if you still read this thread, but great post and initial start.

Reading through your post on James thread, I am sure you have come along ways and are truly a successful trader.

I learned a good bit from reading through this thread, and I wanted to share a few items that I will incorporate into my trading.

- Have enough funds to trade more than one lot (any sized) to have flexibility with my exits which will enhance my account. Ex: If your funds allowed you to trade two micro lots with your defined risk % then you could have closed one at profit and left the other at BE which would help alleviate any well defined losses.
- Scale into the trades. Place lots around the setup bars to enter at different prices to alleviate risk.
- Always wait for the confirmation bar to form before entering the trade (will have to practice to figure out what type of trader I am).
- Keep a good journal and an analysis of my journal every set number of trades.

I know there is a lot more but these are few that come to mind.

Thank you again for the information, and hope to join James16 PF once I feel educated enough to hit the ground running when I join this upcoming Jan. 2011.

KK

hey ,my friend, what is the balance now ?