pending 1.3402 short
may add higher
If you are new to Forex? Say Goodbye to your account!!
- #563,001
- Nov 16, 2011 11:39pm Nov 16, 2011 11:39pm
- Joined Aug 2009 | Status: Trader | 12,448 Posts
may add higher
In past 24 hrs I've been wrong at least 75% of the time, but am normally right 90% in my extremely limited experience. So a humbling experience for me.
Live to Trade FX - Trade FX to Live
The most valuable sercret to FX trading is learning to sit on your hands and wait.
Yay! Pips for everyone!
Thanks
I'll check out Kathy Lien, sounds like a book I'd like
In between those 3 months, I rested, I demoed, I tried out every system in FF and was still unprofitable. Very frustrating and depressing.
Then I threw away every indicators and start drawing simple R/S levels and trend lines. Its been 3 weeks now and I'm slowly recovering everything.
One thing I certainly learnt was that try to take some profits first and things don't look good, just cover and don't persistently wait for your TP so that you could get 2x, 3x, 4x profits.
Just my experience and 2 cents worth of advice. Still trying to learn from everyone.
- #563,012
- Nov 16, 2011 11:54pm Nov 16, 2011 11:54pm
- Joined Aug 2009 | Status: Trader | 12,448 Posts
I was doing great at demo, then I went live. Was pretty good initially risking 1% at each trade with 20pips sl. Was able to reach 30% in 6 weeks. Then as I got greedy thinking about compounding, I lost my focus and then it begins my painful 3 months 30% draw down.
In between those 3 months, I rested, I demoed, I tried out every system in FF and was still unprofitable. Very frustrating and depressing.
Then I threw away every indicators and start drawing simple R/S levels and trend lines. Its been 3 weeks now and I'm slowly recovering everything....
Agree bro, sometimes is too much stuff on chart can hardly see pa, pa is most important, S&R MM RR is all you need to work with, add in patience and clinical trade plan excecution, you might have chance
Added Kiwi sell 7680 waiting au 0115 ish
If you are new to Forex? Say Goodbye to your account!!
- #563,013
- Nov 16, 2011 11:54pm Nov 16, 2011 11:54pm
Thanks everyone for your guidance and encouragement
I'm taking things slower now, and trying to relax. Doing some education at Babypips to learn about trends, ranges, fib and whatever else. Since my way was working so well on demo I didn't take the time to learn as much as I should have. My biggest lesson so far is that trading a 50K demo is nothing like trading a $100. micro, lol
I'm taking things slower now, and trying to relax. Doing some education at Babypips to learn about trends, ranges, fib and whatever else. Since my way was working so well on demo I didn't take the time to learn as much as I should have. My biggest lesson so far is that trading a 50K demo is nothing like trading a $100. micro, lol
- #563,016
- Nov 17, 2011 12:00am Nov 17, 2011 12:00am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
Agree bro, sometimes is too much stuff on chart can hardly see pa, pa is most important, S&R MM RR is all you need to work with, add in patience and clinical trade plan excecution, you might have chance
Added Kiwi sell 7680 waiting au 0115 ish
- #563,019
- Nov 17, 2011 12:03am Nov 17, 2011 12:03am
- | Membership Revoked | Joined Jul 2011 | 3,291 Posts
I think 1.36 is on the cards today unless some very horrible news comes. Don't expect though 
- #563,020
- Nov 17, 2011 12:13am Nov 17, 2011 12:13am
- Joined Aug 2009 | Status: Trader | 12,448 Posts
lol I threw every indicator out as I was frustrated that it isn't working for me. Instead of placing trust on others and their systems, I think we should trust ourselves more. At least that is what I'm thinking.
Trade safe Kiwi
If you are new to Forex? Say Goodbye to your account!!