i box pips

some of you might know the username from the O forum. im 19 almost 20 i havent been trading for long but been learning forex since i was 16.

i just started trading again after stopping for a few weeks due to finals/work/sorting out some stuff bla bla life gets really tough sometimes.

i started trading with my other account that i had sitting there. its real money not a demo and i use it to test stuff out so i can get a better feel than testing on a demo. its money i can afford to lose so it wont break my heart if i see it slowly fading away.

i lost interest in the O forum because of a few reasons.

- arrogant pros thinking they are better than everyone and only post to make fun of you. (not all these reasons are a majority but there are specific individuals that are exceptions and very helpful but im just talking in general)

- newbies putting a 10 rsi and telling everybody they found the grail because they tested it for 5 min and had a winning trade on a 1 min chart. dont get me wrong i was one of them just never announced it because i knew people would make fun of me and laugh and tell me to go find somethin better to do.

i thought i had more reasons lol but these are the main ones. i love reading the forum there but not big on posting anymore.

- the factory rocks. its an awesome place its mellow no crazy gurus turning 50 cents into a million in 2h or arrogant pros or wannabe pros putting people down. i could be wrong but i havent had that problem so far.


the reason im starting this thread is because i found something that i demoed and tested on my "testing account" that seems to be working. although i havent tested it for long but the purpose is to test it and keep track.

of course if you guys give me some time ill post the indicators. thanks to forex-tsd and the people that developed the indicators im using. ill briefly mention them.

the forex freeway by desoft its a 4 lane trend sort of indicator using the cci its a great tool for trends and how strong they are and things like that. ill describe it and post it later but its mostly what i use.

i use a 9 rsi and trade it on the 5 min. i trade in the direction of the trend or what the freeway tells me. of course i check for overbought and oversold levels and divergence. some trendlines but mostly they annoy me and we dont get along very well. i also trade support and resistance failures very short term a few pips and thats one reason why i cant post signals or anything.

what i will post here is my account progress and my overview and the possiblity of trades today.

example:

eur/jpy all lanes are red trend is down. 15 min cci is a bit extreme so is 30 min. ill be selling rallies/overbought rsi on the 5 or 15 min and scaling in lot after lot. i trade lots of 1000 by the way so when i scale in its 1000 at a time and in the eur/jpy case a defined mental stop for all lots in case of a reversal.

made close to 80 pips today on eur/jpy selling rallies. sold from 141.85 down to 141.35. it was a nice trade also other short term ones.

to be honest ill be posting this more for me and i dont want anyone to count on what i post and to hold me responsible for losses or anything. its gonna be a learning experience and i hope people can learn a bit from me. ill post the indicator sometime tomorrow or after if anybody is interested unless people ending up finding it before i post it but either way i will.

flame me all you want i dont care ull be like a speed bump in my life and journey in this insane world of forex.

make fun of me i dont care but for what its worth u should find something to do or maybe learn something.

if anybody is gonna post nonsense please save it. feel free to ask anything ill try and help. im no expert and i work a full time job and go to school and i live with my parents in an apartment. im in no way rich but i work hard and im a modest person. i grew up in lebanon and tasted the war and other problems.

anyways u know its nothing insane and im not gonna be rich overnight but keeping track of everything i do is one of the ingredients to be successful.

account up by $12.84

currently standing at $219.04

im scaling in shorts on eur/jpy with an average of 141.41 and 5 lots.

btw im sorry if i dont post sometime its because of work and being tired and you know anything that comes up maybe some random girl that i meet

eur/jpy chart 5 min with part of the forex freeway only 2 lanes but the most important data is in the corner and an rsi. im pretty much selling rallies.

lets see how it goes

do i wanna watch south park or grandmas boy tonight?

This sounds very interesting I look forward to your posts and explanations.

If you do not mind my posting in your journal, you are welcome here. There are a lot of bright and encouraging people here...

If there is anything I or anyone can do, just ask... Scott

thanks scott i really appreciate it feel free to post here all you want your always welcome

my name is wissam btw im lebanese and italian.

id like to add or more like recommend if anyone wanna follow my ideas or my trades or anything i post try and do it in a sub account or a small live account you can afford to lose or even a demo.

Well, I am gonna have to tell ya,

This is the place you can come and do what you are doing and people are not gonna "flame" you. This IS the best forum a person can find. No matter how stupid you think a question is, don't be scared to ask it. People are not gonna laugh at you. Staying here and reading the new stuff people talk about and come up with is awesome. Another thing, if you do start losing intrest, come to the factory and that interest will come back. I'm not sure if you've seen this one thread before but this is one that will show we are all a good bunch of guys/gals. Happy trading!!

http://www.forexfactory.com/forexfor...ead.php?t=4890

thanks renasdad ill check out that thread i glanced at it and saw some funny stuff.

ill try and keep this thread as alive as possible and renasdad your welcome to post here if youd like

Boxing,

Don't take this as criticising how you want to trade, it might be your style of "in the fast lane". And if you can get around 80 pips profit everyday. But, think about the longer time frames. The waiting sucks trust me. I hate waiting. But, that is the way to really benefit from this in the long run. Just an idea

thanks man ill keep that in mind. always post important stuff like that it helps me learn

i woke up this morning and its raining and thundering. orlando got 1 inch of rain since march 1st its been really dry.

sold some rallies all the way up to 141.70-80 and closed them at a profit. i still have some shorts from lower points. defined mental stop at around resistance. my technicals are still indicating a downtrend so lets see how it goes.

so far rallies didnt go very well since im stuck in my positions around 141.49

i did manage to make a few pips scaling shorts as it moved up sort of like a grid.

my overall view of eur/jpy is still down, all lanes are red, expecting a test of the low 141's but things have been weird so im not sure how its going. mental stop still around the highs if resistance is broken ill either get out and stay out or ill close and reverse. possibly hedge if my longer term analysis is still short for that pair.

shorting the eur/jpy can be quiet costly at 5pm argh. deff ate up some of my profits. o well

current balance: $220.64

the 1h chart is forming some kind of triangle. then again im using an indicator that draws trendlines and its not the most accurate thing but it does the job. so a triangle breakout should be coming. hoping for downside. gonna go see if my parents wanna bet maybe i can profit off of them. just kidding

by the way i dont wanna fool anybody because there is a short position on my chart but its a demo account and i use metatrader for my technicals. i trade with fx sol and the O

i gotta admit that was a long position to be held. but i just got the chance to close out at some profit. i was gonna hold my shorts longer but price action was weird and price was starting to range. im sure now that i closed my short positions it will keep going down coz it almost always does that and i dont see that as taking profit too early, just a weird price action and i wanted to be on the safe side. balance increased though not by much but the important thing is that it went up and not down.

balance: $224.53

hows everybody doing?

i thought id glance at the charts and see if anything interesting is coming up and i came across the good ol eur/gbp. on the daily chart, it looks like it might be a nice long position to be taken. ill check it out more before i do anything but all lanes are green but the 4h but very close to the turning point and becoming green.

i might start by 1 lot with mental stop around 6820s and if price goes against me ill scale in by another lot for a good entry and they will both have a mental stop at the 20s.

like i said, eur/jpy kept sliding down and could have made more profit but got out, im not greedy and im not complaining but its like i almost knew it was gonna happen. yet im glad i got out because i wouldnt be surprised if price just shoots straight up and makes new highs or something.

as for eur/gbp, i entered at 6855 and currently at 0 pips. lets see how it goes. im aiming for 25 pips on the short term and i might go for a trailing stop loss later on and let it ride.

got out at break even. i think ill wait and find a better price to enter. i should have held on because it seems that its starting to move up and i forgot that trading that pair is like hours of no movement or little and it takes its time. o well the whole purpose of my journal is to learn so im doing it .

balance is still the same as earlier.

im currently selling conservative rallies of eur/jpy as i still see a downside potential in that pair so at max ill risk 1 or 2 lots with tight stops playing short term.

fx sol platform is out and they are workin on fixing the problem but ya not too happy because im currently in a position and didnt get enough time to place a stop or a limit.

so i was thinking about time travel i dont know why but even if it was possible the most basic logical thing that comes to mind is even if we can go back to the past there wont be a past because its already in the present? makes sense sort of? i dont know

made a few pips like 5 or something. it seems that price action is kinda erratic. doesnt know where to go and im assuming because of the FOMC meeting maybe? i dont know but im gonna go get some lunch and come back maybe ill find some more rewarding opportunities.


balance: $224.98

another 5 pips buying eur/jpy i bought at support and around 141.24 for 10 pips but got out when prices started to act retarded. even though it hit my target i do not want to be in a trade right now even though i thought FOMC isnt till 230 but i guess the party starts a bit earlier.

sideline for now

im glad some people are checking out my journal i got some thread views

ill prob wait till after prices calm down and check for opportunities even though i hear alot of people are gonna be buying $$ because of the interest rates going up and then i hear its already priced in and euro is still gonna continue going up but i hate economic news it scares me and id rather miss out on opportunities than be in a trade that went wrong.

balance: $225.43

another 7 pips on eur/jpy buying around support and selling a few pips higher.


im taking a break, going home from work to smoke my hookah with my mom and then ill check back later tonight for new opportunities.

so my indicator was right in saying down momentum is still intact and like i said earlier im expecting a test of the low 141's and it did. bravo to me

a 4h chart shows it sitting at tough support and a turning point. lower and a break of support we can see it go down and if support holds then deff going up. ill wait a few hours and if support holds ill buy with a stop under the trendlines. even though my indicators are still pointing down, trendlines can be quiet badasses at times. wll see....

heres the 4h chart

bias is still down on eur/jpy. selling rallies but being careful because its sitting at important resistance on the trendline. wll see how it goes. scaled in some shorts till it reached top and got out around 141.50 still have 2 positions a bit under that price. stop around 141.85.

if it goes that high ill scale in another short or two and keep the stop at that level. like i said before if resistance is broken i might possibly hedge with some longs unless i see a change in direction then ill close out and ride the longs.

balance: $228.31

eur/jpy been good to me. sold some more rallies after closing my lower shorts overnight

classic support resistance trading.

btw my leverage is set to 400:1 but never use more than 5-10% of account and the reason i use lots of 1000 rather than 10000 its because i risk less and even though i profit less but i can scale in for a much better entry and end up with close to 5000-10000 but with a much better entry and a better price average.

balance: $231.47

its sitting at strong support and its pretty much either break it or follow the trend. price has been ranging so its ideal for support resistance trading and thats why i focused on that pair lately. same with gbp/jpy but i hate the huge spread. it feels liek it has to move miles and miles and hours before u can clear the spread and get into profit.