My trading journey

Hi dongsky,

Welcome back and nice to see you posting again!

All my best,
MK

...

bx2x4297 .... EU



.........

bx2x4307 ... EU

... nimble now... am dancing on a very thin market...

........
i can feel that the direction of my lady will be north... not until proven wrong... i will keep my soldiers in..

bx3x4320 ... EU


...........

it was a good run yesterday... squared at 1.4425

still a bullish feel... we'll see what she'll bring

hi donsky,

hope all ok with you, I enjoy reading your journal, and noticed you've been quiet recently...likely enjoying a fab holiday somewhere! good luck

Hi annieb,
i'm still here and actively trading, just don't want to be posting much anymore... and yes i have been travelling alot lately

be carefull for the market is full of assasins and snipers don't get yourself caught off guarded... always have a plan B, but it's very good for those nimble and well capitalized peeps.

kind regards,
eddy

anybody up for varengold challenge??? anyone???

Hi Dongsky,

You have a lot of posts here which are good enough for me to learn and learn more. I have been going through the posts in the past and learning something new every time.

I have understood that those pictures you posted here have a lot to tell and what one can see there is just a tip of an ice berg. I have been doing a lot of reading, observing the Price behavior (the dance!) and everyday I feel like I was trading blind till yesterday.

I am trading demo for now and I feel very happy to say that I have had more (and healthy) wins than those (tiny) looser trades. I have sensed that the charts (images) a hundred words trying to explain the chart are hardly helpful (at some stage). The essence gets lost while we focus on the words and the static chart pictures.

I have learned that the attack sequence and rescues should come natural to a trader. After I started with the demo account, after a few trading sessions I realized that I was actually following the attack sequences unknowingly. I had no intent to do so. My aim was to take a position and bring it back with some (at least) profits. Since it was unintentional, the attacks were not based on any particular (rigid!) Money management techniques but were carried out based on my feel of the price (dance).

Most importantly, I have also learnt not to trade all the time! I have learnt to stay aside and letting the opportunity go if I couldn't grasp it in time. I have learned to come back tomorrow! I have learnt not to be greedy nor fearful (although its a demo) and trying always to protect the capital. (in the past I've blown up demos too..)

I must say that I have learned all these (and many more) things just by looking at your trades. Just reading FTI wouldn't have been helpful without seeing you in action [through your journal if not the skype].

I think your first and second posts of this journal are very important and tell what one needs to do/read. But to realize the importance of those posts one must read thousands of pages in FF and elsewhere, try several 'strategies/methods/indicators/experts' etc. Create demo accounts and blow them up. I can not actually say for everyone but that is what I had to do . One will realize whats in there only after completing the circle and coming back to the starting point (like in Paulo Coelho's The Alchemist).

While I am practicing on a demo Forex account, I have also been trading in Indian index futures (with real money) and I am doing well there. Someday I hope to return to trading Forex with real money and do well here as well.

I have learned a lot just by looking at what you do and I can not thank you enough for the same. I am extremely thankful to you for posting on this journal and would like to see more, once in a while if not every other day. If not, I am sure I'l always have these more than 3000 posts to fall back

Thanks a Zillion and wish you all the pips in the market
niksan

P.S. this post got too lengthy, sorry for that...but I had to say it and I still have a lot to say which you might already know and others may find it boring

Hi Niksan,

it's my pleasure to know that some people find this journal useful and you sound you're on the right track of trading now. always keep it simple whatever it is you're doing. remeber, trading forex is not for everybody so always be honest to yourself, and never force a trade... sometimes having no position is also a position

Here's my trade on daily... i am holding it for nearly 2 weeks now... still waiting for EU pair to drop big time, at least 1.4000 level... but for now my 2 lots exposure still hovering above 130 pips each... a total of 260 (average)



i'm still dancing 5 and 15 minutes tf but not as frequent as before... i am holding my positions now a little bit longer ... means more pips too.

if you have anything to ask, just pm me or skype me.. i'll be more than happy to help...

be good.

regards,
eddy

hi dongsky,

Tried to pm you but it says you've chosen not to receive pms. Please pm me your email/skype if possible.

Thanks again!
Nikhil

hi eddy, just found your thread... kind of late to discovered it but i find it is very good thread. by the way, any reason you seem to have moving from the lower tf to the higher tf trading?

hi traders, would you pls. direct me which post / page eddy began with higher tf trades? actually i am new and prefer higher tf trading due to commitment in a full time job and family

i thank you for your time... and will visit this thread often.

happy trading.

cheers

Hi Eddy,

yeah me of course :-)
Are you up too?


CU,
Niels

Hi Niels,

sadly but yes i'm in too hope you will be flying again just like last year ...

goodluck to both of us!

regards,
eddy

Hi nbafx,

i believe that everything is relative and so with charts. what i see in 5 minutes is the same with other time frame... but this is quite sensitive issue because individual got different needs and style and attitude specially when trading forex..

depending of what you want in your trading life... whether you have patience or not... it is up to the individual to taylor his needs and wants... to fit his personal style.

three weeks ago... i strongly believe that euro pair will drop big time... but when... i dunno... so i probe 2 exposure... i entered using 5 minutes... to timed my entry.... and the rest is history... until now i am managing my exposure...

i am still dancing to my own tempo with my lady but just notice recently that my lady is kinda lost direction... will do side moves for one minute and without notice she will just change her tempo to upbeat... nimbleness helps me follow her...

when i say follow her, i seldom read patterns now... although i still refer to those but rather continuesly pulse her and just merely follow her...

but if after a strong move... then followed by a slow and patchy moves... then that signals me to scale down my exposure if not... square and wait for another chance..

i don't want to force a trade... just for the sake of having a position...

anywayz... here's my daily trade... 2 lots since 2 week ago...

.....



i will be bringing my units back home soon...

we'll see...

regards,
eddy

OK i want to take a shot this time...

where is this challenge...


V

hi dongsky, thanks for the feedback. u r v good. congrat for the profit making on 2 lots E-U. keep up the good trading. cheers

Vick,

it already started 1st september, you try to register if you still can... google trading challenge with varengold..

regards,
eddy

F....

Unable to join now...

Alright guys make me feel proud...Eddy,Niels ,Sylar and Mahesh....need to make TAF proud...


V

I found this journal useful too, thanks mate

mla