UPDATE 08/25/20: I mentioned an exercise in post 1167. I do that exercise to illustrate it starting on Post 1248. 1248-1330 is the exercise that I recommend in action.
I have mentioned exercises to do in the past and nobody does them, because they require time and aren't as much fun as the thrill of blowing an account. I would challenge you to actually take a year doing an exercise like this and after doing so, you'll be much further along than if you had just spent your time chasing systems and learning nothing. Learning the rules of random systems does nothing but teach you a bunch of random rules. Develop your own trading rules.
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UPDATE 4/24/2020: Start at Post 945, ideas on how to approach trading if you are new (or old) to Forex. With COVID, lots of new interest in trading, I show you how I show my oldest kid (age 12). Moves are much larger now with world events, but these concepts do just fine in less volatile environments as well. Trying to save you from getting ripped off as I notice all the usual suspects are back at it trying to prey on people during a tough time.
900+ pip april 2020
700+ pip may 2020
650+ pip June 2020
One pair, EU. Deciding what I would do on Sunday and then taking action at the end of each trading day and when I wake up. In review, that's looking at the chart twice a day. Took a vacation, closed trades early, No need to trade on Friday, no need to chase anything, no need to do anything hard. Post 945 tells you how I do it. I can't think of anything easier. See it in action and maybe learn something about your trading self.
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UPDATE: 12/2018: Jet's back wanting to give it a go again. So I now deem this Old Principles and Old Indicators for Old People. While Jet uses old (only in age, not in effectiveness) Gejordan principles, I'll do that as well and throw in a random old indicator, and Jet & I will see what we can learn and maybe illustrate an old point.
Update 1/2018: I am going to use this journal for some research in 2018 - Start Post 798.
Here are important posts from Project Mikepip:
Do this before you trade each day - Post 195 (and read post 194 to see how honest you need to be with yourself)
How I trade each day in picture form and lessons on trade entry - Post 786&787 and then follow with Post 399 and then Post 409
Update 4/2016: The focus of the thread changed. It is now Project Mikepip starting at post #107
Original Journal: Weekly time frame trades. Small positions to handle larger swings. The goal will be to end the year more positive than negative.
I have mentioned exercises to do in the past and nobody does them, because they require time and aren't as much fun as the thrill of blowing an account. I would challenge you to actually take a year doing an exercise like this and after doing so, you'll be much further along than if you had just spent your time chasing systems and learning nothing. Learning the rules of random systems does nothing but teach you a bunch of random rules. Develop your own trading rules.
----------------------------------------------------------------------------------------
UPDATE 4/24/2020: Start at Post 945, ideas on how to approach trading if you are new (or old) to Forex. With COVID, lots of new interest in trading, I show you how I show my oldest kid (age 12). Moves are much larger now with world events, but these concepts do just fine in less volatile environments as well. Trying to save you from getting ripped off as I notice all the usual suspects are back at it trying to prey on people during a tough time.
900+ pip april 2020
700+ pip may 2020
650+ pip June 2020
One pair, EU. Deciding what I would do on Sunday and then taking action at the end of each trading day and when I wake up. In review, that's looking at the chart twice a day. Took a vacation, closed trades early, No need to trade on Friday, no need to chase anything, no need to do anything hard. Post 945 tells you how I do it. I can't think of anything easier. See it in action and maybe learn something about your trading self.
------------------------------------------------------------------------------------------------------------------------------------------------------------
UPDATE: 12/2018: Jet's back wanting to give it a go again. So I now deem this Old Principles and Old Indicators for Old People. While Jet uses old (only in age, not in effectiveness) Gejordan principles, I'll do that as well and throw in a random old indicator, and Jet & I will see what we can learn and maybe illustrate an old point.
Update 1/2018: I am going to use this journal for some research in 2018 - Start Post 798.
Here are important posts from Project Mikepip:
Do this before you trade each day - Post 195 (and read post 194 to see how honest you need to be with yourself)
How I trade each day in picture form and lessons on trade entry - Post 786&787 and then follow with Post 399 and then Post 409
Update 4/2016: The focus of the thread changed. It is now Project Mikepip starting at post #107
Original Journal: Weekly time frame trades. Small positions to handle larger swings. The goal will be to end the year more positive than negative.
Be bullish on you.
