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Attachments: Start with $100 using only PA and trading 1 minilot w/1:500 leverage
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Start with $100 using only PA and trading 1 minilot w/1:500 leverage

  • #61
  • Nov 8, 2010 7:11am Nov 8, 2010 7:11am
Quoting Edonya
I closed the trade after it showed signs of not going down.and it was heading to 365EMA in the daily.
Waiting for another opportunity.
Regards.
Hi Edonya

Just saw you happened to be in the same trade I was and closed around the same time as well. Well I got out with BE, you may have actually made something from it. I still feel bearish on the pair so hoping for a breakout past 3950 downwards then I'll try to get in on a retrace if I see good PA.

Good luck with your overall goals. Very impressive diligence so far.
  • #62
  • Nov 8, 2010 7:23am Nov 8, 2010 7:23am
Yes i got good pips you can look at the charts which i posted and see how many pips.

One thing which i have learned is to have a very good reason of putting a trade not just that i saw it moving down or up and decided to put a trade. Also writing your own journal of trades will help you to track down all the trades you put and why put them and in case you loss, you can ask yourself could have i evaded the loss.

Patience, practice, good set up at a good location and confidence will give one success.
Regards.
  • #63
  • Nov 8, 2010 8:15am Nov 8, 2010 8:15am
I have just taken a trade on EJ
I used the tweezer candle which i saw as an IB.But the candle also closed above the 89SMA in another system i use. but it is emotional,that is what see.
but i will leave it to run.
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  • #64
  • Nov 8, 2010 11:12am Nov 8, 2010 11:12am
closed the trade at a loss of around 23pips. as i said it was emotional. lesion learned!!!
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  • #65
  • Nov 9, 2010 8:18am Nov 9, 2010 8:18am
I took a trade based on a PB on 4 hrs but because i wasnt comfortable with it i got out with around 4 pips.
If my conscious tells me it is not OK i wont take a trade. That is part of my plan.
Regards.
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  • #66
  • Nov 9, 2010 8:48am Nov 9, 2010 8:48am
I have put a pending sell order. This is not a perfect PB but i like it coz it is with the trend.
Sell stop at 1.3900
SL. 1.3980
TP 1.3820
Let us how it unfolds.
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  • #67
  • Nov 9, 2010 1:38pm Nov 9, 2010 1:38pm
Hi
I closed the EU.
The reason why i had to close it was that the price was approaching 200EMA and i wasnt sure whether the price will bounce off it or will go down as it has done. But i have put something in the pocket.
Developing my own way of trading is my mission and aim.
Regards.
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  • #68
  • Nov 9, 2010 1:45pm Nov 9, 2010 1:45pm
Quoting Edonya
Hi
I closed the EU.
The reason why i had to close it was that the price was approaching 200EMA and i wasnt sure whether the price will bounce off it or will go down as it has done. But i have put something in the pocket.
Developing my own way of trading is my mission and aim.
Regards.
I think your trades very consistent. I am following your journal.
I suppose Your R:R is 1:1, am I right?
Good decision on your last trade.
I´m sorry about the English. It´s not my native language...
Success for you.
If I Change, the whole World changes!
  • #69
  • Nov 9, 2010 7:22pm Nov 9, 2010 7:22pm
Quoting Forex Girl
I think your trades very consistent. I am following your journal.
I suppose Your R:R is 1:1, am I right?
Good decision on your last trade.
I´m sorry about the English. It´s not my native language...
Success for you.
Thanks for taking a look at my journal,
It not always that my R:R is 1:1 but it depends on the first trouble area(FTA). i.e. where price might have trouble to penetrate. At that point i either close the trade or move to BE. It also depend how confident i am with a setup like the EURGBP i took. It went positive for around 30 pips then came back before it went down. I was very confident on that set up.
Look at this set up why i couldn't have taken it although it looked the same as EURUSD i took. On daily there were a lot of support also in four hours which i usually take my trades there was a lot of traffic which i have indicated with those red lines. So i really analyze my trades before taking them.

Regards.

I am in a trade on that bullish PB on another account coz my policy is not to put two trades on the same pair on two different accounts, The red MA is 89 SMA and the blue is the 365EMA.
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  • #70
  • Nov 10, 2010 12:47pm Nov 10, 2010 12:47pm
I took an emotional trade reason why is that I didn't wait for the PB to break down. The pair was USDCHF on 4 hrs. entry 0.9692sl 0.9780tp 0.9600reason for the sl I will show when my internet will be on. my windows mobile phone is also not working. what a boring evening.
  • #71
  • Nov 10, 2010 1:32pm Nov 10, 2010 1:32pm
Quoting Edonya
I took an emotional trade reason why is that I didn't wait for the PB to break down. The pair was USDCHF on 4 hrs. entry 0.9692sl 0.9780tp 0.9600reason for the sl I will show when my internet will be on. my windows mobile phone is also not working. what a boring evening.
Hello Edonya,
Are you keeping your account growing ? May I know the daily percentage are you doing?

Thank you
If I Change, the whole World changes!
  • #72
  • Nov 11, 2010 1:20pm Nov 11, 2010 1:20pm
Coz the trade was emotional i managed to close it almost at the open.
I wont be trading tomorrow as i will be busy with office work.
I will see you next week.
This how far i have brought the account. See you next week.
To Forex Girl yes i am doing fine and it is increasing at a steady rate.
Regards.
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  • #73
  • Nov 11, 2010 2:56pm Nov 11, 2010 2:56pm
Quoting BeLikeWater
Man you already withdrawal? What a joke!

Why is it a joke? He is playing a very high leveraged position, and was a very smart thing to do. He was able to take out double of what he put in, whilst still continuing to make forward movement on his account. The big difference is that only now he has given himself the ability to work on the system without the fear of losing his initial investment.
Makin my way, the only way I know how...
  • #74
  • Nov 11, 2010 5:40pm Nov 11, 2010 5:40pm
Quoting husky_1
Why is it a joke? He is playing a very high leveraged position, and was a very smart thing to do. He was able to take out double of what he put in, whilst still continuing to make forward movement on his account. The big difference is that only now he has given himself the ability to work on the system without the fear of losing his initial investment.
I agree with you!
If I Change, the whole World changes!
  • #75
  • Nov 11, 2010 5:58pm Nov 11, 2010 5:58pm
I had to withdraw my investment and now play with the money i made.
So i had to withdraw. By the way i could reduced my leverage but that is the minimum position the FXPRO can give. Also i don't have a daily target, i trade as the PA dictates combined with the price rhythm according to Phillip Nel teachings in 4 hr MACD strategy.
Regards
  • #76
  • Nov 14, 2010 11:09pm Nov 14, 2010 11:09pm
Hi everybody.
It is another week which i am hoping that i will continue growing my project account. i started this project on 21st Oct 2010, so i have finshed three weeks and this is the fourth week. i have been consistent in getting the pips. as i have said i have more than one account and on Friday i took a trade on my IBFX AU, on USDCHF coz i had anticipated a break of the multiple highs. what i did i put a very small SL which was not hit and now i am over 65 pips in positive.I am amazed on the intuition i have on the market but i am still testing my emotionless and non greed trading for the next 2 months then i will say that i have achieved the HAHA status.

This my first time i have made profits consistently for more than 3 weeks. I am still pushing on.
Regards.
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  • #77
  • Nov 16, 2010 7:46am Nov 16, 2010 7:46am
Hi guys/gals,
I decided to close the USDCHF yesterday after not liking the way the pair was behaving late yesterday,although i had promised myself to trail it and see whether the monthly PB works.
My project account is still intact at 374$ and i have not seen any good set up so i am in the waiting mode.
I am very happy that i am finishing one month with good consistency of getting pips. But the ideal time ti know that you are going in the right direction is 3 months.
We will see how far i will take the account.
Nice time.
  • #78
  • Nov 17, 2010 6:35am Nov 17, 2010 6:35am
I usually play the break of multiple low/high and i can see a good opportunity in the EURGBP i.e the lows of about four days but i usually wait the break of the lowest which is at 0.8448.
I will wait and see how the price behaves before i put a pending order.
Regards.
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  • #79
  • Nov 17, 2010 6:48am Nov 17, 2010 6:48am
I got i a brief explanation on price action on this website http://www.dacharts.com/articles/Buf...ice_action.php

Grasp as much as you can in this field of forex, one doesn't graduate.


If you are also using IBFX get a look at GBPJPY DBHLC. I am not planning to trade it but i will get a look at it.

Regards.
  • #80
  • Nov 17, 2010 7:12am Nov 17, 2010 7:12am
Your strategy is working for me too. ur my mentor edo. i lk ur patience with the H4 chart.Thanks man.
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