Hello.
I am Kelechi.
I am posting some of my trade setups here for a very personal reason : as a place to record my trades and the thought processes that went into them at 'the heat of the moment'. More than a few times , I have had cause to want to refer to my saved screen shots only so see they are no longer on my system.
Don't want to keep them on my hard drive because I tend to delete them at the spur of the moment and regret that act later.
That is the primary reason.
The importance of interacting with other traders is also there. So a comment here and there is welcome so long as the participant understands and remembers the stated reason(s) for opening this thread.
The corollary? Since this is technically a journal, it is therefore not a place one expects to learn a system ; its merely a sort of repository where the starter of the thread, hopefully, finds it's more difficult to tamper with what he intends to keep.
I am no expert, just someone trying to improve his trading skill. Trust me, you wouldn't want it to be a case of the blind leading the blind.
Unless explicitly stated: These are Demo Trades!
My time in this business is some 5+ years. Despite not having a clue in my first few years, I was lucky not to lose real money in the real sense of the word: just pocket change here and there. The one thing that saved me from that heartbreak is James16 chart thread. The J16 chart thread was the page I stumbled on in my very first day in Forex Factory. He made a case for not trading with real money until one can prove definitively than he/she can do it on demo, when nothing is at stake. And that made perfect sense to me. Ne'ev a truer advice, if you ask me.
I noticed that any account, whether live or demo traded in my third year flatlined; they neither grew nor fell, just a wiggle around the starting equity. I hope these records I am about to start keeping will improve my skills further.
I will be posting both winning and losing trades.
I trade a mix of three different styles. They are part discretionary. I don't trade anything below the daily time frame though I do go to the lower time frames to see what could be happening sometimes. Because these are longer timeframes, I can go for weeks without a setup. Even at that, I cancel more orders than are actually executed. The ratio of cancelled to executed orders could be north of 4:1. That means I change my mind a lot.
Enough said. Now to the real thing.
I am Kelechi.
I am posting some of my trade setups here for a very personal reason : as a place to record my trades and the thought processes that went into them at 'the heat of the moment'. More than a few times , I have had cause to want to refer to my saved screen shots only so see they are no longer on my system.
Don't want to keep them on my hard drive because I tend to delete them at the spur of the moment and regret that act later.
That is the primary reason.
The importance of interacting with other traders is also there. So a comment here and there is welcome so long as the participant understands and remembers the stated reason(s) for opening this thread.
The corollary? Since this is technically a journal, it is therefore not a place one expects to learn a system ; its merely a sort of repository where the starter of the thread, hopefully, finds it's more difficult to tamper with what he intends to keep.
I am no expert, just someone trying to improve his trading skill. Trust me, you wouldn't want it to be a case of the blind leading the blind.
Unless explicitly stated: These are Demo Trades!
My time in this business is some 5+ years. Despite not having a clue in my first few years, I was lucky not to lose real money in the real sense of the word: just pocket change here and there. The one thing that saved me from that heartbreak is James16 chart thread. The J16 chart thread was the page I stumbled on in my very first day in Forex Factory. He made a case for not trading with real money until one can prove definitively than he/she can do it on demo, when nothing is at stake. And that made perfect sense to me. Ne'ev a truer advice, if you ask me.
I noticed that any account, whether live or demo traded in my third year flatlined; they neither grew nor fell, just a wiggle around the starting equity. I hope these records I am about to start keeping will improve my skills further.
I will be posting both winning and losing trades.
I trade a mix of three different styles. They are part discretionary. I don't trade anything below the daily time frame though I do go to the lower time frames to see what could be happening sometimes. Because these are longer timeframes, I can go for weeks without a setup. Even at that, I cancel more orders than are actually executed. The ratio of cancelled to executed orders could be north of 4:1. That means I change my mind a lot.
Enough said. Now to the real thing.
