Some Days are Diamonds and some days are Stones! | Forex Factory

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Attachments: Some Days are Diamonds and some days are Stones!
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Some Days are Diamonds and some days are Stones!

  • #1
  • First Post: Oct 29, 2012 11:21pm Oct 29, 2012 11:21pm
This will be my journal to keep track of my trading performance.

Main purpose is to achieve success in Forex Trading.

Here i will be documenting trading results, defined risk parameters, position sizing, set ups and risk reward ratio - my limited knowledge of Money Management.

All trades here will be on Demo Account with IBFX.
  • #2
  • Nov 4, 2012 6:02pm Nov 4, 2012 6:02pm
Have traded Aud/Usd last week Wednesday - Troops were underwater since then -

Friday made a turn around -

Today, Monday - watching price closely and seems no movement, perhaps waiting for Aussie News Release in 30 minutes

because of this news release i placed a target profit

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  • #3
  • Nov 4, 2012 8:06pm Nov 4, 2012 8:06pm
Quoting TrendCatcher
Have traded Aud/Usd last week Wednesday - Troops were underwater since then -

Friday made a turn around -

Today, Monday - watching price closely and seems no movement, perhaps waiting for Aussie News Release in 30 minutes

because of this news release i placed a target profit

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1 question, why is the position not cut when its already reached break even after being underwater for sometime? Is it because of the swap, you wanted the position to turn green more so u can compensate the swap? It's not really ideal to nurse a trade to turn it into a winner because you might miss other opportunities or the turn up which just happened.
  • #4
  • Nov 4, 2012 8:14pm Nov 4, 2012 8:14pm
Quoting 5percent
1 question, why is the position not cut when its already reached break even after being underwater for sometime? Is it because of the swap, you wanted the position to turn green more so u can compensate the swap? It's not really ideal to nurse a trade to turn it into a winner because you might miss other opportunities or the turn up which just happened.

Thank you very much for enlightening me, you were spot on! I will try to cut it very soon, i'm watching her now very closely. I'm still experimenting at this stage. again thank you.

regards,
Tim
  • #5
  • Last Post: Nov 4, 2012 9:29pm Nov 4, 2012 9:29pm
added 2 positions

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