Here is some babbling I put on Buildcity's thread .. lazy poster that I am.. 
Quote:
Originally Posted by Buildcity http://cdn.forexfactory.com/images/buttons/viewpost.gif
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.http://cdn.forexfactory.com/images/s.../yim/happy.gif
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
Quote:
Originally Posted by Buildcity http://cdn.forexfactory.com/images/buttons/viewpost.gif
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.http://cdn.forexfactory.com/images/s.../yim/happy.gif
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
The euro is going to be interesting to watch this week, the eu is still in an amazing long term channel as well. If that breaks low we're probably going to see some heavy selling, and if it continues to play back and fourth between it then thats not something I would object to very much either 
pretty slow today yea. Got in a couple of scalps for a few which is probably all this day is good for, some quick in and outs. 
