Yes I did, I have no trade in whole early London session, did you get what supposed to be mine
, sorry, its yours
I only did 3 trades and got 26 pips.
- #1,021
- Oct 6, 2010 5:40am Oct 6, 2010 5:40am
I only did 3 trades and got 26 pips.
- #1,023
- Oct 6, 2010 6:24am Oct 6, 2010 6:24am
- Joined May 2010 | Status: I'M NOT SIGNAL PROVIDER | 1,455 Posts
What is nice now that I can exactly see your trades, is that I think we think alike.
Keep going mate.
We will be victorious.
A little beginner trader since 2006
- #1,024
- Oct 7, 2010 1:12am Oct 7, 2010 1:12am
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
What is nice now that I can exactly see your trades, is that I think we think alike.
Keep going mate.
We will be victorious.
BTW, you know I dont really wait for the bar/candle completion for entry, so still sometime the setup for you is ridiculous. You know what I mean
- #1,025
- Oct 7, 2010 1:56am Oct 7, 2010 1:56am
Enjoy!!
BTW, you know I dont really wait for the bar/candle completion for entry, so still sometime the setup for you is ridiculous. You know what I mean
As long as you go with momentum.
It is a learning curve, but you learn to trust your judgment.
- #1,026
- Edited 9:21am Oct 7, 2010 2:20am | Edited 9:21am
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
May be I'm the last to know, Oanda has its HK base bank a/c for funding purpose. I realised that no any exchange or bank charges involved and my investment is wholy banked into my trading a/c. Well I used to pay US$20x2 for wired transfer each time previously!!
What a good news.
What a good news.
- #1,027
- Oct 8, 2010 5:49am Oct 8, 2010 5:49am
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
Dont know whether I'm too aggressive on this long, looking for 1.591, now moved SL to BE, free ride
- #1,028
- Edited 8:16am Oct 8, 2010 7:52am | Edited 8:16am
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
Dont know whether I'm too aggressive on this long, looking for 1.591, now moved SL to BE, free ride
Edit: add chart, and got the 2nd long 10 more
- #1,029
- Edited Oct 9, 2010 10:47am Oct 8, 2010 12:41pm | Edited Oct 9, 2010 10:47am
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
Dont even think again to trade long term play, at least at the moment!! I'm still no good on this kind of play.
Very hard to recover one major loss, no matter how good you are in scalping
Very hard to recover one major loss, no matter how good you are in scalping
- #1,030
- Oct 8, 2010 1:28pm Oct 8, 2010 1:28pm
- Joined Nov 2008 | Status: Trade Inspiration Not Despiration . | 4,827 Posts
Dont ever think again to trade long term play, at least at the moment!! I'm still no good on this kind of play.
Very hard to recover one major loss, no matter how good you are in scalping
Long term trades don't have to mean bigger stops. just work on the profit end and leave stops tight.. close more trades with a positive stop and you will get a huge one someday.
Have a great weekend.. Ken
Good Trading To All ; Ken Lee
- #1,031
- Edited 10:47pm Oct 8, 2010 8:48pm | Edited 10:47pm
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
Long term trades don't have to mean bigger stops. just work on the profit end and leave stops tight.. close more trades with a positive stop and you will get a huge one someday.
Have a great weekend.. Ken
, Yes sir. Be discipline!!
- #1,032
- Oct 9, 2010 12:52am Oct 9, 2010 12:52am
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
Since the beginning of Oct 2010, I've transfered a small portion of capital to this a/c for a test go, honest I still like the charting / the way of trading offerred from MT4.
Good to note that the in and out of capital is much more easier, and cost saving for me with Oanda. Only cost me a few HK dollars (less than US$1) to make one way transfer, haha.
The other good thing is the low spread, good for scalping. And so far not aware of stop hunting.
Still testing out different setting / strategies with this a/c, well I got a minor capital loss so far. Let it goes, its part of trading. Lets see the result by this month end.
Initial capital on this a/c: HK$2000 (divid 7.8 for US$);
Equity so far: -2.7%
Happy trading all and enjoy your weekend.
Good to note that the in and out of capital is much more easier, and cost saving for me with Oanda. Only cost me a few HK dollars (less than US$1) to make one way transfer, haha.
The other good thing is the low spread, good for scalping. And so far not aware of stop hunting.
Still testing out different setting / strategies with this a/c, well I got a minor capital loss so far. Let it goes, its part of trading. Lets see the result by this month end.
Initial capital on this a/c: HK$2000 (divid 7.8 for US$);
Equity so far: -2.7%
Happy trading all and enjoy your weekend.
- #1,033
- Oct 9, 2010 1:42am Oct 9, 2010 1:42am
Long term trades don't have to mean bigger stops. just work on the profit end and leave stops tight.. close more trades with a positive stop and you will get a huge one someday.
Have a great weekend.. Ken
- #1,034
- Oct 9, 2010 2:09am Oct 9, 2010 2:09am
I think it is human nature to try new ways.
For me being so long in this game I sometimes fall into the same trap.
When I see somebody making great trades I also try.
Soon I realize I am putting to much stress on myself to make it work.
Then I usually will go back to the way I traded with new awareness.
And if I look at your account statement I can tell you there is not a lot of traders that average 10 pips per trade as a scalper.
Stick to what you do and only race against yourself.
You inspire me every day.
- #1,035
- Oct 9, 2010 9:28am Oct 9, 2010 9:28am
- Joined Nov 2008 | Status: Trade Inspiration Not Despiration . | 4,827 Posts
Since the beginning of Oct 2010, I've transfered a small portion of capital to this a/c for a test go, honest I still like the charting / the way of trading offerred from MT4.
Good to note that the in and out of capital is much more easier, and cost saving for me with Oanda. Only cost me a few HK dollars (less than US$1) to make one way transfer, haha.
The other good thing is the low spread, good for scalping. And so far not aware of stop hunting.
Still testing out different setting / strategies with this a/c, well I got a minor capital...
Yes , I have always liked Oanda for scalping,, Quick execution of orders and the feed movement of price on charts is quick , compared to my other broker, GFT.
The spreads are some of the best. Plus I have never used MT4 but I am aware it has many bells and whistles , that some love to have..
I would add to my comment above , That having been reading your journal for a while , That you have a winning system going. That you are very comfortable trading.
So many of us will be doing well then get the idea we aren't because others are making mch more. There is always more to get.the key is to be happy with the way your trading.
Greed is right there with fear as being one of the worse emotions to have when trading. When you feel you can't make mistakes . you will be taught differentlly.
Just keep doing what you do well and progress with your own style. You know the difference when your in a counter trend or with the trend , Just try and get a bit more when your with it.
Maybe at some point your trade has much more than you normally take, that MIGHT be the one you try and hold.
You trade E/J it makes 100 pip moves a lot. law of averages is you will catch one one day.
Just don't worry about anything your daily average is as good as anyones. But if you could capture that with less trading that would be a worthwhile goal..
My best trading is scalping as well I used a whiteboard (like a chalkboard) and would mark my trades on it. Many might be 1 or so. many under 10 , but could average over 100 pips everyday , but would be making 20 or 30 trades somedays. Now I trade maybe 5 or 10 and still make the 100 somedays much more.
I trade the same but look for more with the trend moves and realize they will move further than just 10 pips. Some times just blink my eyes real slow before I close and I can get more gains.
But protect your gains is the number one goal in trading . If you take 100 trades and break even on all but one you are a winner. That is the underlying truth of trading
He who loses the least wins. It is said many times on many threads. Cut the the losers short and the winners will take care of themselves.
Just keep doing what your doing and don't let anyone sway your style. You have gotten there but it is easy to lose the plot and get sidetracked by information overload. If it doesn't compliment your trading style don't use it.
If you want to try something different open a demo and use it seperate knowing it is a test not a replacement to what is working..
One other thing write down how you are trading when it is going great, You would be suprised how many peole find themselves lost after having been a winner for months. Because they have tweeked their system and it is now corupted. Making notes is always a good thing. It renforces knowledge as well is a record of the path your on.
Enough babbling take care ,,, Ken
Good Trading To All ; Ken Lee
- #1,036
- Oct 9, 2010 10:08am Oct 9, 2010 10:08am
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
I trust I'm one of the lucky students among the rest, I got some of the best traders here who are willing to share / teach how to be a real good trader, at least be a profitable and consistant one.some days before I read an article which talking about keep our trading method simple. This yr I've been in the winning side for several months while I simply focus my method on one single one. But somehow recently I got bit mixed up when the more I read, the more I confused.
But I think its part of learning process. So I will only turn back to my normal a/c size when I feel more comfortable with my own method. Keep trading the current mini one is fine at the moment.
Tks Ken.
Eric
Yes , I have always liked Oanda for scalping,, Quick execution of orders and the feed movement of price on charts is quick , compared to my other broker, GFT.
The spreads are some of the best. Plus I have never used MT4 but I am aware it has many bells and whistles , that some love to have..
I would add to my comment above , That having been reading your journal for a while , That you have a winning system going. That you are very comfortable trading.
So many of us will be doing well then get the idea we aren't because others are making mch...
- #1,037
- Oct 9, 2010 10:11am Oct 9, 2010 10:11am
- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts
Lovely Mat, I have to go back to my lesson ONE. I meant it
My friend you are doing brilliantly.
I think it is human nature to try new ways.
For me being so long in this game I sometimes fall into the same trap.
When I see somebody making great trades I also try.
Soon I realize I am putting to much stress on myself to make it work.
Then I usually will go back to the way I traded with new awareness.
And if I look at your account statement I can tell you there is not a lot of traders that average 10 pips per trade as a scalper.
Stick to what you do and only race against yourself.
You inspire...
- #1,038
- Oct 10, 2010 1:34am Oct 10, 2010 1:34am
Yes , I have always liked Oanda for scalping,, Quick execution of orders and the feed movement of price on charts is quick , compared to my other broker, GFT.
The spreads are some of the best. Plus I have never used MT4 but I am aware it has many bells and whistles , that some love to have..
I would add to my comment above , That having been reading your journal for a while , That you have a winning system going. That you are very comfortable trading.
So many of us will be doing well then get the idea we aren't...
This is gold.
- #1,039
- Oct 10, 2010 1:50am Oct 10, 2010 1:50am
some days before I read an article which talking about keep our trading method simple. This yr I've been in the winning side for several months while I simply focus my method on one single one. But somehow recently I got bit mixed up when the more I read, the more I confused.
But I think its part of learning process. So I will only...
You are successful in what you do. You must just believe it now.
The trick in this business is to be bold but not arrogant , and you have that quality.
Now go and make your fortune.
- #1,040
- Oct 10, 2010 2:02am Oct 10, 2010 2:02am
- | Commercial User | Joined Nov 2007 | 1,079 Posts
some days before I read an article which talking about keep our trading method simple. This yr I've been in the winning side for several months while I simply focus my method on one single one. But somehow recently I got bit mixed up when the more I read, the more I confused.
But I think its part of learning process. So I will...
You know this but I'll say it anyway ...EVERY TRADER right up to the great Jesse Livermore and others, made the mistakes (even more than once) but through persistence and the desire to succeed, they went on to achieve great things.
“Once we realize that imperfect understanding is the human condition there is no shame in being wrong, only in failing to correct our mistakes.”
- George Soros
All the best this week mate
Rob