My trading journey

bot 1.2268 x1

entered here because of my feel of her volatility and momentum is very high...

it looks like it cannot hold ??? maybe i'm wrong, but a well, that's the purpose of the scout

ideal spot for long???

bot 1.2287 x 2

close my position now... i need to rest and call it a day... 1.2290

bot 1.2268 x 1 = 22
bot 1.2287 x 2 = 6

total pips = 28

be good and be safe... happy pipping all...

Hi Dongsky,

do you really use a full sized Lot for your scout?
That is really a big sized one. So you need a lot of money to play within proper MM rules.
I use the smallest size my broker allows: 0.1 lot.
If possible, I would use 0.1 lot only ...

Just my 0.02 EUR.

CU,
MaMood

Hi Mamood,

yes i do a regular lot for a scout most of the time, specially when i already have a foreign capital because i have 2 brokers, origanally opened with fxcm but i'm more comfortable trading with my other broket, forexct, where i noticed since i used them i already started making pips.

if i'm not really sure of the direction, i normally use 0.5 lot for a scout (fxcm) and the full attack with forxct with regular lots. i really appreciate a lot wha you've said and now i'm considering your thought...

i know i can save more scouts doing your way... i will call my broker later on and ask if they can give me a lower lot like 10000/lot.

by the way, i read lots of your thread and i can say i love the way you trade mate, you have my full respect

regards,
dongsky

hi mamood,

was reflecting on what you've just posted, i realized that's the reason why i'm not really confident in rescuing troubled scouts... but for me, i am a better dancer in attack mode... but a lousy rescuer.

dongsky

today is friday... still watching the market. As i was re-reading this journal, i just realized how far i am now from 1 and half year ago. i'm looking my equity grow for a year now steadily... one thing i noticed of myself now during my trading i am now looking and monitoring total pips no longer money signs. I believe that really contributed to my trading success, because before i always cut my winner short for my fear and stay very long on a loosing position (without any knowledge of rescue yet) until margin call.

i know myself better and stronger. confidence is getting better and loosers is very minimal.

I'm just wondering here in FF of how many really are successful and making money, or how many here are just full of BS and crap but actually they're not into trading... well so difficult to tell for so many here are fake. they maybe very good in talking and so knowledgeable in their threads but the question is still there, are they really practicing what they're saying?

just curious!

dongsky

deployed scout @ 1.2195 x 1

buy order filled 1.2203 x1

need to be extra careful... she's a bit wild

i'm going to close my positions very soon, hit and run... the market is wild

one more candle swing... and i will bring my soldiers home... there will be another blow hehehehe

attack 1.2205 x 3

close all position at 1.2215

bot 1.2195 x 1 = 20
bot 1.2203 x 1 = 12
bot 1.2205 x 3 = 30

total pips = 62 pips

looking for another entry, with this kind of market, i need to hit and run because this will be very wild...

remember rule # 1 preservation of capital....