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It begins.

  • #1
  • First Post: Oct 17, 2009 3:02pm Oct 17, 2009 3:02pm
I should not be mucking up other threads with my trading.

This is mine. A journey.

3 months time to do this for a living or keep a 'real' job. It begins... Oct 19, 2009
  • #2
  • Oct 17, 2009 3:59pm Oct 17, 2009 3:59pm
Aswel,

not to sound mean or discouraging here BUT,

The chances of you getting rich and being able to leave your day job in three months are very small in this business. This is almost the exact thing I thought when I started trading. Although I have talked to some traders who claim they started off with small accounts under 1000, and turned out some big profits (with no money management of course) in a short amount of time. Again not trying to discourage here, just some words of advice (something I never had until later on in my trading). Anyway, good luck on your journey and if you manage to pull it off shoot me a PM I would be fascinated to hear how you did it

Regards,

Will

Quoting Alswel
I should not be mucking up other threads with my trading.

This is mine. A journey.

3 months time to do this for a living or keep a 'real' job. It begins... Oct 19, 2009
It's me...
  • #3
  • Oct 17, 2009 4:31pm Oct 17, 2009 4:31pm
Quoting Alswel
I should not be mucking up other threads with my trading.

This is mine. A journey.

3 months time to do this for a living or keep a 'real' job. It begins... Oct 19, 2009
All the best of good luck to you. I hope you succeed. I will keep you in my favorites so I can keep up with your progress. I want to do the same as you in a few months.
  • #4
  • Oct 17, 2009 4:44pm Oct 17, 2009 4:44pm
I have no expectaions Will. $10k invested in the rest of my life is insignificant from a financial perspective. I have time. I am marketable in IT. 12 years experience means I can get another job in a few weeks if I have to. I DO NOT WANT TO THOUGH! I am burned out. We will see if this works out in my favor. I just want a place to document/hold me accountable for my actions. Not for you or anyone else, just me. Like I said, it begins...for me.
  • #5
  • Oct 17, 2009 4:55pm Oct 17, 2009 4:55pm
Way to Go Alswel!

I like your attitude. I will be following! Go get em buddy! The way I look at it. Babe Ruth never hit a home run without at least swinging the bat! I wish you the best!

What type of trader are you, swing, intraday or scalper?

Lohad
  • #6
  • Oct 17, 2009 5:00pm Oct 17, 2009 5:00pm
Good luck man! I'll stay tuned in.
  • #7
  • Oct 17, 2009 5:14pm Oct 17, 2009 5:14pm
Quoting zarraman
All the best of good luck to you. I hope you succeed. I will keep you in my favorites so I can keep up with your progress. I want to do the same as you in a few months.
Thank you Zarraman, I have no expectations. I just hope for the best. I have been at it for 2.5 years and have been profitable for about 4 months. Enough for me to take this chance/opportunity.

I work from home as a Network Engineer and have until Feb 1st, my end date with AT&T. Job is going to India.

Enough posting until EOD Monday. I'll post all trades, win or lose and my thinking behind all of them. I can't say anyone will learn anything. I will though..and thats what this is about. A record for me. I honestly can't think of a better way of documenting my trading than using this site. My thoughts and feedback from other members should prove invaluable.
  • #8
  • Oct 18, 2009 4:12am Oct 18, 2009 4:12am
Quoting Alswel
I just want a place to document/hold me accountable for my actions. Not for you or anyone else, just me. Like I said, it begins...for me.
Hi Alswel,

Even if this thread is primarily for yourself, I would be most interested to read your strategy and trading method. Maybe some of us can learn something.

Good luck with your trading!

beam
  • #9
  • Oct 18, 2009 1:07pm Oct 18, 2009 1:07pm
Beam,

I primarily trade 5m (EUR/USD, GBP/USD, EUR/GBP), the Jakone 5m System. I will also throw in a little of my own trades based on my observation of trend and side-to-side S/R. I like PPZs (like everyone else) and trade off of them. They are usually respected, if only for a short pullback enough for me to at least breakeven. 3-4 trades a day is all I take.

My R/R is 1/1.4. I typically move to BE at 8 points, depending on strength of the movement. I almost always secure profit at 14 points regardless of momentum. S/L is usually 10 points depending on market conditions of course. Winning 3 and losing 4 is still profitable.

10 points is my goal per day. If I do this I survive. If not, I continue in my career and also keep trading/learning.

The odds are stacked against me, as we all know. This is why my expectations are few.

10 points a day and I make a living. Just 10...
  • #10
  • Oct 25, 2009 9:11pm Oct 25, 2009 9:11pm
Quoting Alswel
Thank you Zarraman, I have no expectations. I just hope for the best. I have been at it for 2.5 years and have been profitable for about 4 months. Enough for me to take this chance/opportunity.
.
Good luck with it. I will be doing the same thing in the future. I have been learning as much as I can where I work with the ambition to trade for myself later.
  • #11
  • Oct 25, 2009 9:14pm Oct 25, 2009 9:14pm
Quoting Alswel
I honestly can't think of a better way of documenting my trading than using this site. My thoughts and feedback from other members should prove invaluable.
Putting yourself out there for public scrutiny and criticism by all is not something that I would do, but each to their own.
  • #12
  • Oct 26, 2009 7:11am Oct 26, 2009 7:11am
Quoting zarraman
Putting yourself out there for public scrutiny and criticism by all is not something that I would do, but each to their own.
I fully agree with going public with your trades.... I did it (not on this site) and it really helped me control my discipline, which I had difficulty with in the past!

Very best of luck alswel....
  • #13
  • Oct 26, 2009 11:53am Oct 26, 2009 11:53am
Hello Alswel,I trade the eur/gbp and eur/usd but primarily the eur/gbp.To make sure I am in the right direction I use the 200 ema on the 4hr or 3hr chart for direction of the trend.5,8,13 sma Bill Williams alligator 5,35,5 macd and I put up a chart of the gbp/usd along with my eur/gbp (inverse relationship) on the 5 min I take my trade,I also use the 1 min chart also.Look at that set up and see if it works for you... many green pips to your account !!!
  • #14
  • Oct 26, 2009 5:23pm Oct 26, 2009 5:23pm
Hey Monikroc.......I also use a similar sytem to you but I use the 5,11,ema's crossover on the 5 minute chart.Also use 46 and 178 ema's.What interested me was your use of the 5,35,5 macd instead of the common 12,26,9.How do you find it differs and what is your reasoning for using this? You obviously find it superior so would you be kind enough to share your thoughts on it.I also use RSI.
Thanks you and good trading........Siboy
  • #15
  • Last Post: Oct 26, 2009 6:24pm Oct 26, 2009 6:24pm
Great choice of trading method. I will be checking in and wish you all the best.
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