Attachments: varincome's trading journals

varincome's trading journals

#1
First Post: Jan 18, 2009 10:15am Jan 18, 2009 10:15am

varincome
| Joined Jan 2009 | Status: Trader | 5 Posts

i would like to share my trading experience with all traders around the world.
i start trading my account with amount of $100 this Monday..
i hope I'll get a better result as my past result is really bad..

some advise is really help me coz im a newbie..:nerd:
this is my first journal, even that i know every traders must have their own journals, i find this "online journal" far more interesting coz anyone can view, give advise, tips and share knowledge..

"live a dream that you dream of"

#2
Jan 19, 2009 6:56am Jan 19, 2009 6:56am

varincome
| Joined Jan 2009 | Status: Trader | 5 Posts

Today i manage to get 20pips..not much, but nice start i think

i make an entry order at 10 pips below that Doji candles with a SL set to 20 and 10 trailing stop..
the position ended with 20pips at 1.3294..

the reason why i take this position is:
-William's percent range is below the -20 lines, that indicate the market is below the overbought area..

-market price is at resistence level, indicate that the trend is either up or reversal..

-last 3 candles before i enter the trade is bearish engulfing followed by spining top followed by a Doji...which show us the trend is about to make a reversal..

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