Let's trade Forex

Sold USDCAD for 120 Pips Target

NZDCAD TP HIT

I was supposed to close the trade bit early but by the time I reached home SL Was hit -277.7 pips. the SL Strategy needs to be improvised

Sold nzdjpy for 100 pips target

Reason :

1st there is a monthly support which will be a key point for or target and further move
2nd The analysis

With some analysis sold chfjpy too for 100 pips target

Some trades to consider :

Usdchf : We have a monthly divergence Gear it up for few 100 Pips on USDCHF and EURUSD both

Sold AUDCHF for 200 pips target with a small SL R:R is nice one

you trade it with 1 lot? Is that possible regarding to your account above or did i miss something?

That's a demo account friend.

ah okay. As i see you had some looser. Are you interested in talking or discussing about what maybe went wrong?

Yes Sure ,

The perfect answer would be,

1. Lack of patience
2. Not having confidence
3. Discipline
4. By this time not knowing how to trail Stops

See the strategy I have developed is so powerful that I have no words for it, but its teaching me some of the bad time I can have with. If I would have trailed my stop which I just discover what is trailing Stops are I could have made more then 500 pips but I am not a full time trader and by the time I reach home after a dip to the profit it moves back to be and against a bit but I always be sure it will go to the target but could not hold my trade since I started with 244 and trading 0.02 If I have show you what I mean see,

All the trades I had posted these are the price currently, usdcad - tp hit 100 pips , CHFJPY - tp hit 100 pips , Gbpjpy - still in trade with 200 pips plus, Audchf - SL hit but will go down I'm sure gbpchf moved 100 pips before it went back and If i would have trailed it would have made atleast 30 - 50 pips, but IT WILL GO down I'm confident, USDJPY still in trade with a 100 pips profit currently, Gbpusd still holding and i BET YOU IT WILL GO DOWN, nzdcad and eurcad tp hit on monday 200 pips +, Eurjpy about to hit tp, nzdjpy - still in trade with 50 pips running profit sl was recent swing on 4h and this is only my SL strategy for all trade but bit of twist in it that is only close if candle breaks recent swing like in gbpnzd I closed it early but it did moved to the target, and as you can see usdchf is still holding and I would have clossed it by now because it have touched the ws 2 ,


Now to your question, "What went wrong"

Since I sarted trading this strategy this week I had a starting balance of 244 and I traded with 0.02 so I guess If i would be having a decent balance before trading this strategy it would have resulted profit , but no worries in coming days it gonna be better,

P.S - please forgive my punctuation as here its morning and I'm in no mood to type but I did cheers to that.

Regards