Going Live

November Week 1: +938 pips +7 points in gold

Balance 38.00EUR

how about that Danny

No trading last week as I was out of town including this monday.

During my trip I had a dream I have to bet heavily on EJ....I did and lost. Balance is now 7.03EUR

Self destructive behavior is still present.

Following closely, Vitez........
when you say 938 pips, is it 93.8 normal pips or micropips?

Thank you Danny!

Normal 938 pips with 0.02 lots as I caught EU short and XAU long during news time on 7th november, the two trades made me approx 17.70EUR profit while deposit was 15EUR on 6th november. After that I made a few nice short trades with GU and EJ, not at the same time so not correlated.

*pips profit only from forex so I keep XAU profit separate in points.

And after that I made the silly EJ trade via my cellphone when I was away.

Besides self destructive behavior, one weakness I can't quite handle is I don't like to go long.

Btw today I just missed a 500 pip move up with USDCAD by a few pips...grrr

The feeling is I want to prove my self just a bit more during "normal" trading time...without the news boost.

But it's ok whatever... it is what it is. The main thing is that in december when I go in with approx 500 EUR I do one thing - make profit!

One example:

if EU long trade goes from 1.35100 to 1.35200 that I note as 100 pip profit. But if I only take half off at 1.35200, it's noted as 50 pip profit. makes sense?

Gotcha you bro...the 938 is actually 933 pipettes or 93.8 pips.

Looking forward to your comeback

That confused me a lot because the smallest amount is the 5th decimal but I guess because there was only 4th decimal a few years ago 1 pip = 10 points?

In that case I must say that 50 pips per week, 200 per month is still quite nice for my skill level and for current volatility which is not that awesome...

Goal: at least 30 pips/week

This week sucked. If I ignore the "cowboy trades" from the past this would be the fist loosing week.

Lots of counter trend trades which don't bring much in terms of risk to reward. Missed most of trend trades by a few pippets because I set the limit orders a bit too far away.

-27.8 pips for the week.

Slight change for the week ahead, I'm not going to use BE next week to see how that feels.

Cheers!

So I've got the strategy (HOW to trade) I got the pairs (WHAT to trade) the money management is there (EXIT and lot size) but I don't have the edge really.

So I've been thinking a lot what the edge is and it's either one of 2 things:

-Forward profiting OR
-Scaling in

Forward profiting is more gambling style where you risk everything hoping for 2 or more winners is a row. Example:
risk $50 gain $100
risk $150 gain $300
risk $300 gain $500

and you made $800 from $50 with 3 winners in a row.

-Scaling in is about waiting for a trend to change, building a position with no risk meaning stops are placed so that you are breakeven in case trend changes quickly again.
If it goes well you have let's say 3 positions and trailing a swing. That's what I'm going to use, I also did use that to some degree when I started.

Scalp some pips here and there but most of the time waiting and building a fat position.

No edge is the answer to why I suck lately. Looking at my notes mostly there are no big winners and it's clear to me why.

-61.5 pips for the week +9.9 points in gold. I have sweet idea regarding scaling in so looking forward to that.

It's the last trading day in november and based from results I'm not ready yet. Every week should be profitable.

extended time +2 weeks

WTF is this?! Seriously what da fuck are they doing with all those spikes? Encourage us to trade?

Someday god will punish devil so hard he won't touch the earth ever again!

Despite good filing going forward with swing trading strategy I also have this weird feeling that fx is somewhat of casino. I mean they see our orders and stops....why should they let us take the money?

Like I said I'm motivated to trade on but it's also the first time I started doubting this trading "business".....

Weekly result: -106.8 pips + 23 points in gold.

Going forward I'll just post results like this:

Stats since the last blown account:

Deposit: 25E
Balance: 6.39E
Withdrawal:/

Regarding pairs,

Did nothing but loose with EURJPY so far so I'm replacing it with EURGBP which seems nice as low volatile pair.

Looking at all pairs 1H chart CHF and CAD seem full of spikes by stop hunters. EURUSD seems (too) nasty at times, the USDJPY and AUDUSD I don't trade.
So going forward I might only trade GBPUSD, EURGBP and XAU (at the volatile one).

Added 23EUR so that 0.02 lots represents 10% risk. I'd lower the risk to 5% with bigger account.

Deposit: 48
Balance: 29.67

Guys +7000 views, nice, I respect that!

I'll keep it inner game but if you want to see trade example I'll post some charts...

Last week I lost a lot % wise (only about 10eur). the interesting thing was that indeed I felt as bad as I did in the past when I lost much more euros!

New swing trading strategy already feels much better...I'm just looking for a train to catch that's all.

Not much trading and also not much chart watching.

I'd just like to point out a very interesting thread:

http://www.forexfactory.com/showthre...=460328&page=8

start at page 8. The real reason is discussed to why most of us can't have a long term success.

Have you ever asked your self why is there always something?

You learn how to trade you pick a pair and you trade it cause it has a nice chart. You see how hindsight you could easily make money so yes let's trade the pair.
But now trading it with real money it just doesn't work....but how come?!!?

youtube - David Icke

so far so good! much better this swing trading style.

the tricky part is watching profits which can go to breakeven specially after adding in. will I be able to add another position or am I getting out at BE type of game.

I'll probably buy Rags to Riches ticket as my present. I might buy my self something else more fun Got the idea because my positions go very often 5-15 pips in my favor....looking for say 4-5 wins in a row...turn 100 to 600 type of thing

Deposit: 48
Balance: 27.25
Withdrawal: /

Weekly gain: -8.7%

It's ok! Mostly because of the EA I exited when I didn't want to in the middle of the ride....The EA resets it self when switching PCs, it even resets when changing time frame so....i have to be focused to turn it off etc.

The EA is only for stops and TPs all trading is manual.

Anyway because of that I did exited a nice move sooner than I wanted to so I should be in profit.

Got used to that EA so I should not make silly stuff like that again