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Mfinab Trading Journal of FX market

  • #61
  • Apr 1, 2011 7:59am Apr 1, 2011 7:59am
Quoting mfinab
SL Hit with good news from USA. As you can see, Fx is very unpredictable.

You guys should trade the opposite of what I trade. LOL

Have a good day

Mfinab
Mfinab

It's been a bizarre week....all the good traders have to go through rough patches ....don't let these small losses get you down..... lots of big wins are just around the corner carry on with the good work.... and thanks for all you have done

take care and regards

Ali Raza
Raza
  • #62
  • Apr 1, 2011 8:23am Apr 1, 2011 8:23am
Quoting shr5
Mfinab

It's been a bizarre week....all the good traders have to go through rough patches ....don't let these small losses get you down..... lots of big wins are just around the corner carry on with the good work.... and thanks for all you have done

take care and regards

Ali Raza
Hi Ali,

Very thank you very much for your kind words !!! Really appreciate and very glad to know that I'm not the only one having lost in trading fx this week.

Have a good Week-End and let's start over next week.

Mfinab,
  • #63
  • Apr 1, 2011 8:43am Apr 1, 2011 8:43am
Quote
I may talk about :

TP1, TP2 or more... those are Take Profits
BE... Break Even (stop lost moved to +1 on open price position)
SL... Stop Lost (where you should put a Stop in case that the trade goes against you)

it's stop losS

keep on, good luck !

Phanti-.
Hero calls followed by margin calls...
  • #64
  • Apr 1, 2011 10:22am Apr 1, 2011 10:22am
Quoting PhAnTi'
it's stop losS

keep on, good luck !

Phanti-.
HI Phanti,

Oupsss !!! thanks, I'll correct that ! Take note that English is not my native language.

Mfinab,
  • #65
  • Apr 1, 2011 10:46am Apr 1, 2011 10:46am
Quoting Big Mike
Hi Mfinab,
Losses are part of the game.
More setups to come.
Keep up you great calls.

BigMike
Hi BigMike,

As you can see SL was too tight for USA News. EUR USD is going up very good right now. But I'm out for this week.

Next week will be a good week.

Mfinab,
  • #66
  • Apr 1, 2011 10:51am Apr 1, 2011 10:51am
Quoting mfinab
SL Hit with good news from USA. As you can see, Fx is very unpredictable.

You guys should trade the opposite of what I trade. LOL

Have a good day

Mfinab
Hi Mfinab,
It's part of the game !
Don't worry, 1 bad week out of 4 is excellent.
Just move on to next week like you said, that is a real trader attitude.
It's human to fall down. But it takes a real man to get back up.
Welcome to the standing brused crowd !

BigMike
  • #67
  • Apr 1, 2011 10:59am Apr 1, 2011 10:59am
Quoting mfinab
Hi BigMike,

As you can see SL was too tight for USA News. EUR USD is going up very good right now. But I'm out for this week.

Next week will be a good week.

Mfinab,
Hi again Mfinab,
First of all, news is very tough, so don't be so hard on yourself.

Yes, SL is sometimes too tight and is usually 50% of the enemy to the trader. However, as human beings, greed is the other 50%.

If you put 3% SL at 50 pips and 3% SL at 100 pips, your return might not be as glamour. However, you could diminish your "enemies" by more than 50%. This would make an instant progress of 50% on your trading balance sheet !!!
Just my boring 2 cents once again !

Pip it Up !

BigMike
  • #68
  • Edited 7:47pm Apr 1, 2011 3:36pm | Edited 7:47pm
Hi Guys,

One good thing of today EUR USD trade. My signal was good, it has touched TP1 as I said. Just need to recalculate my SL.

Thanks again guys for comments and feedback!

Mfinab,
  • #69
  • Apr 4, 2011 5:10am Apr 4, 2011 5:10am
Quoting mfinab
Hi Guys,

One good thing of today EUR USD trade. My signal was good, it has touched TP1 as I said. Just need to recalculate my SL.

Thanks again guys for comments and feedback!

Mfinab,
TP2 has been reached !
  • #70
  • Apr 4, 2011 5:13am Apr 4, 2011 5:13am
Quoting mfinab
SL Hit with news from USA. As you can see, Fx is very unpredictable.

You guys should trade the opposite of what I trade. LOL

Have a good day

Mfinab

http://www.forexfactory.com/attachme...3&d=1301659077
TP2 as been reached
Attached Image (click to enlarge)
Click to Enlarge Name: 20110404-vnmv-698kb.jpg Size: 156 KB
  • #71
  • Apr 4, 2011 7:23am Apr 4, 2011 7:23am
Hi!
LONG AUD USD today
2 positions on that one = total of 2% account only
Attached Image (click to enlarge)
Click to Enlarge Name: 20110404-wu37-520kb.jpg Size: 130 KB
  • #72
  • Apr 4, 2011 8:20am Apr 4, 2011 8:20am
Quoting mfinab
Hi!
LONG AUD USD today
2 positions on that one = total of 2% account only
Good setup Mike.
  • #73
  • Apr 4, 2011 8:48am Apr 4, 2011 8:48am
Quoting CoolTrader
Good setup Mike.
Hi CoolTrader,

Thanks, it seems to resist from ucad going long ... this is a good sign. My SL is tight a little and could be hit before it goes back up. Let's see...

Have a good day!
Mfinab,
  • #74
  • Apr 4, 2011 9:00am Apr 4, 2011 9:00am
Moved my sl 10 pips lower on AUD USD
  • #75
  • Apr 5, 2011 3:49am Apr 5, 2011 3:49am
Closed Swissie st 9250
Closed EG at 8250

I thought it was not appropriate to post my trades in this thread.
So if any interested, I opened my first thread with my trades starting this week, april 4th.

BigMike
  • #76
  • Apr 5, 2011 5:06am Apr 5, 2011 5:06am
Quoting Big Mike
Closed Swissie st 9250
Closed EG at 8250

I thought it was not appropriate to post my trades in this thread.
So if any interested, I opened my first thread with my trades starting this week, april 4th.

BigMike
Hi BigMike,

I'm interested on following you on your thread like you do on mine.

Thanks

Mfinab,
  • #77
  • Apr 5, 2011 5:12am Apr 5, 2011 5:12am
Quoting mfinab
Hi!
LONG AUD USD today
2 positions on that one = total of 2% account only
SL Hit again,

http://www.forexfactory.com/attachme...0&d=1301919757
Attached Image (click to enlarge)
Click to Enlarge Name: 20110405-tlkv-575kb.jpg Size: 137 KB
  • #78
  • Apr 5, 2011 7:32pm Apr 5, 2011 7:32pm
Quoting mfinab
Hi BigMike,

I'm interested on following you on your thread like you do on mine.

Thanks

Mfinab,
Thanks mfinab !

BigMike
  • #79
  • Apr 9, 2011 11:27am Apr 9, 2011 11:27am
Mfinab, are you still posting your setups ?

BigMike
  • #80
  • Apr 10, 2011 7:02pm Apr 10, 2011 7:02pm
Hi followers,

Well It seems that my strategy is not so good. For now, I'll stop for a while until I found better strategy.

See you later guys..... thanks for visiting my thread

Mfinab,
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