Hi everyone, I am new to forex, started january/2016, and I am here to stay (at least is what I want believe).
With this journal I hope put some pressure on my shoulders to show some good results to you, as punishment of bad results I will have you seeing me as a rookie trader and I don't want that. I want improve and is what I will do.
As you can see on my explorer I can have good green pips but then comes a GREAT loss that spoil all my good work.
I trade solely with PA, trend lines and S/R zones. I don't like indicators, I can't see the behavior of the market with them (but I'm willing to try, I have an open mind)
My first objective is improve my exits when I'm losing, often when i'm losing instead of exit I stay in hoping and hoping and hoping that the price will go up/down again to profit (hope don't pay bills in life).
I will put some lessons here from my experiences (so I can't forget too):
#1 - When the market are ranging or reversing wait for a second or third signal to go.
#2 - Hope don't pay bills when you are losing money.
#3 - Creation of a trading journal, you will not make the same mistake twice when you have a book to register your silliness.
Have a good day!
Manel
With this journal I hope put some pressure on my shoulders to show some good results to you, as punishment of bad results I will have you seeing me as a rookie trader and I don't want that. I want improve and is what I will do.
As you can see on my explorer I can have good green pips but then comes a GREAT loss that spoil all my good work.
I trade solely with PA, trend lines and S/R zones. I don't like indicators, I can't see the behavior of the market with them (but I'm willing to try, I have an open mind)
My first objective is improve my exits when I'm losing, often when i'm losing instead of exit I stay in hoping and hoping and hoping that the price will go up/down again to profit (hope don't pay bills in life).
I will put some lessons here from my experiences (so I can't forget too):
#1 - When the market are ranging or reversing wait for a second or third signal to go.
#2 - Hope don't pay bills when you are losing money.
#3 - Creation of a trading journal, you will not make the same mistake twice when you have a book to register your silliness.
Have a good day!
Manel