When I started FX trading in 2011, I wanted to make a lot of money within the shortest possible time. I was taking too many trades per day. I was trading sizes as much as 10% of my trading account. I was chasing trades and I was rather impatient and impulsive. Familiar things you would say. But I never learnt and I blew five real accounts within two years. Surely, mistakes come with the territory but never learning from costly mistakes will bring disaster. I started all over about nine months ago with a demo account and visited FF website a few times as a guest to learn how to master my mistakes, which included not having a functional trading system I am comfortable with and have confidence in. Two months ago, I opened three real FX micro-accounts with three different brokers and joined FF as a member in December 2015.
I have visited some forums since December 2015 and have been particularly impressed by such people as MarkChew, Cat, Medici, Quinton, Emmanuel7788,Sunshine, Stevepatt, Numbnuts, and Jaroo. What I have learnt varies from trading style and philosophy to trading systems, and they have really enhanced my trading outlook, style and strategy. Nevertheless, I believe in doing what best fits my personality and the philosophy of keeping things simple but executing trades with consistent efficiency.
As I trade part-time, I am starting this thread to record my trade as I believe doing so will make me more cautious in the way I trade and thus enhance my trading efficiency and success. I am a bit eclectic but I stick with a simple system based on the use of at most four MAs and an RSI. I employ supply and demand (or support and resistance) zones for turning points and trade with multiple timeframes, with the daily for trend, 4-hourly for trade setups and 15-minute for entry. I tend to leave my trade on for about 12-48 hours.
I will be posting about three times in a week, definitely when I trade. Apart from posting my trade charts (usually daily and 4-hourly), I will share what I see as nuggets of information, ideas, and insight I come across on my FX trading journey. Regarding my level of trading experience, I am purely a learner but I am making the kind of progress I want to see for consistent profitable trading.
I will welcome FF members to share their trading experience but do keep things simple and be non-judgmental, non-exhibitionist and non-offensive. Let us do things by the FF code of ethics, with emphasis on respect for fellow members.
KP
Edit: This thread will be discontinued and merged with my thread 'Success Guarantee - Simply Trade Better' which I had started under the 'Trading Discussion' section but within one day, the Admin moved it to 'Trading Journals' section. But as I already had this trading journal 'Simply Keen Pips Weekly', it will be proper and more efficient to focus on only one trading journal so I am discontinuing 'Simply Keen Pips Weekly' for 'Success Guaranteed', whose title brings out the essence of my posts and Forex trading: simplicity, better trading and consistent efficiency for sustainable, successful trading.
KP
I have visited some forums since December 2015 and have been particularly impressed by such people as MarkChew, Cat, Medici, Quinton, Emmanuel7788,Sunshine, Stevepatt, Numbnuts, and Jaroo. What I have learnt varies from trading style and philosophy to trading systems, and they have really enhanced my trading outlook, style and strategy. Nevertheless, I believe in doing what best fits my personality and the philosophy of keeping things simple but executing trades with consistent efficiency.
As I trade part-time, I am starting this thread to record my trade as I believe doing so will make me more cautious in the way I trade and thus enhance my trading efficiency and success. I am a bit eclectic but I stick with a simple system based on the use of at most four MAs and an RSI. I employ supply and demand (or support and resistance) zones for turning points and trade with multiple timeframes, with the daily for trend, 4-hourly for trade setups and 15-minute for entry. I tend to leave my trade on for about 12-48 hours.
I will be posting about three times in a week, definitely when I trade. Apart from posting my trade charts (usually daily and 4-hourly), I will share what I see as nuggets of information, ideas, and insight I come across on my FX trading journey. Regarding my level of trading experience, I am purely a learner but I am making the kind of progress I want to see for consistent profitable trading.
I will welcome FF members to share their trading experience but do keep things simple and be non-judgmental, non-exhibitionist and non-offensive. Let us do things by the FF code of ethics, with emphasis on respect for fellow members.
KP
Edit: This thread will be discontinued and merged with my thread 'Success Guarantee - Simply Trade Better' which I had started under the 'Trading Discussion' section but within one day, the Admin moved it to 'Trading Journals' section. But as I already had this trading journal 'Simply Keen Pips Weekly', it will be proper and more efficient to focus on only one trading journal so I am discontinuing 'Simply Keen Pips Weekly' for 'Success Guaranteed', whose title brings out the essence of my posts and Forex trading: simplicity, better trading and consistent efficiency for sustainable, successful trading.
KP
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