Kareem's Trading video Journal

Trade 1
I took the trade on the line break. Immediately after that the EMA started to flatten and hook down. I exited with few PIPs/ticks loss.


Set up 2
The trend line was set, but did not take the trade as the EMA hooked down and turned grey. The price did go up, but again no proper set up.


Trade 3
Good set up, which I took for only 2 PIPs/ticks (P/T). The price seemed as it was ready to drop again. I should have given the trade few more seconds as we did get another 2 P/T (PIPs/Ticks) in the price.



Trade 4



Trade 5



Trade 6



Kareem

what is your sl ? are you scalping just 2-3 pips ?

so how many pips did you make ...

Hi
I have two accounts showing on the video. One demo (the trading DOM) FX futures and the second a live FX spot with Oanda. My set stop for both is 4-5 Ticks/PIPs (T/P), but it does not mean that I have to wait for the stop to hit. Once the Trendline does break (with the trend), we should have a fast move to target. So if it does come back or stalls I will take 1-2 P/T stop. As for for profits I would like to trail, but I also would take 1-4 P/T. Sometimes when the markets are fast I would reach 8-10 in seconds. My goal is to trade the futures live only, but I need more time/practice with a smaller position with FX spot. Once I am ready to move to EUR futures (6E) I would trade one or two contracts for a total of 10 ticks ( at $12.50/tick) per day.
As for yesterday I ended up with 8 P/T for the day.
Thanks
Kareem

The first trade did not do much. 1.3300 seems to be holding and we had news within 15 minutes. I took 1 PIP on my live account and nothing on the demo.

Not much a loss of 1 PIP.

Kareem

Trade

Trade
How to change your mind, quickly.

Last trade of the day.


Kareem

Please explain me about your EMA settings.......
Thanks alot..........

Hi Fooloo,
Sorry for the late reply. I have not been here in a while. I will start posting my trading journals again this week.
Thanks
K

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