My Game Plan

11 trades, negative 20 pips
Tomorrow, I will give it another shot.

I do realize that the odds is against me with such a very small account.
I will not give up, I will keep on trying till I get it right.
If I do manage to go bust, I will refund this account and keep on trying!!!
I need to prove to myself that I can and will be a success at trading.

Very good clip.

hi there, here is a other one for you!

At market open on Sunday 11:00 pm my time I saw a great swing trade opportunity on EURUSD.
Did not keep my positions in case Draghi said something .
My bias on EURUSD is bearish. I see two possible scenario's that might play out this week.
Been awake now for almost 24hrs. Time to get some sleep.

I mostly scaled out of my positions by taking profit during my tee breaks at work.
My last trade was a proper scalp trade - 4.9 pips.

11 trades for today, positive 198 pips.
Scalp trading is a lot harder to master than swing trading.
I still need a lot of practice, skill's level not there yet.
Need to get my profit factor over one.

I am done for today.

Did 4 trades today for 20 pips.

My first trade was a disaster, broke my rule about NOT to trade from work from my phone.
5 hrs later it came back for me. Just lucky I guess.

My last trade for today, just before FOMC results.
Less than 1 hrs to go.
I agree a bit of a gamble, lets see.
Entry just below weekly pivot @ 1.06295
Stop @ 1.7145
Target @ 1.0510



Best of luck to all.

A very good trade plan from Daniel Chan

Just love it!!

http://forex.today/eurusd-trade-plan-15-mar-2017/

IF 1.06436 hold, then 1.05293 is a fib target for me.

I was wrong.
What to expect next?
I shift my stop to 1.08200
Let's see.

Decided to take another short position.
My reasoning is that with the new swap rate, why not treat it as a carry trade.

On the roll, next time round, I'll be sitting on my hands.
Do not know if the stress is worth it.

I am going to close this thread and trade explorer.
Just remembered not to quit my day job. LOL!
What a bummer.