Hi lads,
my positions: Swissie - I did not like the PA on EU even if it turned out cool. It is cool market the fiber nowadays, only I need to get used to this smooth PA again. It used to be mre volatile. Anyway, I am in the move, only by the sister pair.
AU - I was short on this and made nice pips. For a reason or another since I started to monitor my progress seriously I did not have a singel loosing trade on this one. I had on other ones sure. Reasons for entry - clear no?
Kiwi - AS EU heading down and Swissie up, there is highe potential that Kiwi and Aussie will follow the move to some degree. I found this time Kiwi nicer as it violated the 50% level ad AU not. I put a limit order and I got filled. Nice divergence on RSI.
Am an in UJ for a while with a small position as the redundant of a standard one. I am seriously thinking in leaving my limit sell in place as it reacting really violently on the Supply line and a previous bottom confluence. I am being cautious though and my order is some 50 pips away from he market price so this instrument needs to prove to me the bearish case.
I have been seriously demo trading since 20th November 2009. I am new to trading (1 year) and make stupid misstakes still. Nevertheless I am up 1399 pips and each month closed positive to me. I lost when acted on feelings. I made money by sitting on my ass.
I have written with big red to the top of my excel table:
Get rid of the loosers and hold onto the winnwers, take them to BE and let them run!!!!!!!!!!!!!!!!!!!!!!!
Whenever I took profit because it was nice the market kept on going to my favour. Whenever I entered for something else than confluence of TL+50%+S/R%+RSI divergence+MACD divergence (Usually not all of these happen but I need to see at least 2, rather more of these to happen - that is for me) I lost money.
Whenever I tried to pick the beginning of a new major trend, I lost money.
Whenever I entered in the direction of a long ago established srong trend I was fine. Sometimes this is not that easy as I monitor several pairs and some move way much more than others. After 4-500 pips it may as well look like a new thren, yet it turnes out to be the correction of a 2-3-5000 pip worth hugh trend...lol.
Also, when I opened 2 maybe 3 trades and LEFT THEM OPEN for days and sit on my ass, in case they were winners, they made me my 4-600-700 pips. Then I lost some of it on losser trades. That is how I get pickier and pickier. Hmmm, or I try but it is a hard work on me.
Funny, some weeks I should have stayed calm and be happy with my 1-2 opened trades and let them go away and not open any others. So if I have winners I stick to them.
So maybe I go live end of this month and take the same trades as on demo but with minimum risk on some 500USD little capital. I wonder how much my performance will change........You thing t is time to risk it?
I wanted to share all this so new people can learn from my story. Bare in mind: my friend trades stocks and a bit of currency. He takes a position with 1:1 leverege and hold onto it for months! See, there is no need to rush.
When I went in and said, oh if this happens.....bla..bla I can size a big position and bla bla. That was market noise and my 20-40 pip SL was, of course, gone. Eh...I do not have the nerves for active trading. I always loose.
Trend trading rocks!!!!!! Dan, I can not wait to check your summary!
my positions: Swissie - I did not like the PA on EU even if it turned out cool. It is cool market the fiber nowadays, only I need to get used to this smooth PA again. It used to be mre volatile. Anyway, I am in the move, only by the sister pair.
AU - I was short on this and made nice pips. For a reason or another since I started to monitor my progress seriously I did not have a singel loosing trade on this one. I had on other ones sure. Reasons for entry - clear no?
Kiwi - AS EU heading down and Swissie up, there is highe potential that Kiwi and Aussie will follow the move to some degree. I found this time Kiwi nicer as it violated the 50% level ad AU not. I put a limit order and I got filled. Nice divergence on RSI.
Am an in UJ for a while with a small position as the redundant of a standard one. I am seriously thinking in leaving my limit sell in place as it reacting really violently on the Supply line and a previous bottom confluence. I am being cautious though and my order is some 50 pips away from he market price so this instrument needs to prove to me the bearish case.
I have been seriously demo trading since 20th November 2009. I am new to trading (1 year) and make stupid misstakes still. Nevertheless I am up 1399 pips and each month closed positive to me. I lost when acted on feelings. I made money by sitting on my ass.
I have written with big red to the top of my excel table:
Get rid of the loosers and hold onto the winnwers, take them to BE and let them run!!!!!!!!!!!!!!!!!!!!!!!
Whenever I took profit because it was nice the market kept on going to my favour. Whenever I entered for something else than confluence of TL+50%+S/R%+RSI divergence+MACD divergence (Usually not all of these happen but I need to see at least 2, rather more of these to happen - that is for me) I lost money.
Whenever I tried to pick the beginning of a new major trend, I lost money.
Whenever I entered in the direction of a long ago established srong trend I was fine. Sometimes this is not that easy as I monitor several pairs and some move way much more than others. After 4-500 pips it may as well look like a new thren, yet it turnes out to be the correction of a 2-3-5000 pip worth hugh trend...lol.
Also, when I opened 2 maybe 3 trades and LEFT THEM OPEN for days and sit on my ass, in case they were winners, they made me my 4-600-700 pips. Then I lost some of it on losser trades. That is how I get pickier and pickier. Hmmm, or I try but it is a hard work on me.
Funny, some weeks I should have stayed calm and be happy with my 1-2 opened trades and let them go away and not open any others. So if I have winners I stick to them.
So maybe I go live end of this month and take the same trades as on demo but with minimum risk on some 500USD little capital. I wonder how much my performance will change........You thing t is time to risk it?
I wanted to share all this so new people can learn from my story. Bare in mind: my friend trades stocks and a bit of currency. He takes a position with 1:1 leverege and hold onto it for months! See, there is no need to rush.
When I went in and said, oh if this happens.....bla..bla I can size a big position and bla bla. That was market noise and my 20-40 pip SL was, of course, gone. Eh...I do not have the nerves for active trading. I always loose.
Trend trading rocks!!!!!! Dan, I can not wait to check your summary!
Kind Regards
zol
so I am with you on this road. 
