The number 16 was one of my lucky numbers growing up.
The way I arrived about it, I am unsure.
I attended art class in my preliminary school, the teachers title was Ms. Davis. Each week or so she'd give away stickers to whoever could select the number she had believed up in her head. Luckily for me the sole amounts she'd ever choose, were 16 and 6 ( my other lucky number ). Yet somehow, nobody would every grab on to it and I'd win each time.
Yetthe same simplicity of insight and winning that struck me so well in my childhood has been a polar opposite in the world of currency trading.
Number 16 isn't simply a lucky number of minebut my 16th account.
Some I lost a few thousand on, a few I lost a few hundred, and a few I lost just a few dollars. Needless to say, I've lost quite a little cash trading because I started in October 2010.
Alright, debut completed.
The aim of this thread is to subject my trades by exposing them to the light of the public. I've begun many get rich fast threads onforexforum.co.zato no avail. I hope that with the help of the others, and much insight from myselfI can create a few simple rules to better my trading methodology and supply a potential of profitable trading ventures inside the Forex world.
Faults that I need to operate on:
Stop Loss; I typically never set a stop loss, I then watch the 10 trades I made that day all fall apart because the transaction moves 100 pips from me and that I bust another account.
Take Profit; I get greedy, and plan to get a monster 250 pip gain and retirement from the end of the week!
Trade entry; I go against my entry rules, and enter wherever the f* I need because it feels great. I then proceed to eliminate all my money in great favor to the brokers who deserve it so.
In light of the above I've decisively conjured a few simple rules to handle my trading by. I am a firm believer in ease, and a minimalistic and clear oriented approach to almost everything in life with reap you with what you yearn.
My remaining funding is 1691.27.Originally Posted by ;
My trades will be logged via myfxbook.com. I'll post some set-ups here when I could, and a few will not be posted in any way.
Some notes concerning my trading style, I don't use indiors, I rely only on Service and Resistance. Price Action and a few basic Fundamentals can do the rest of the talking.
I look forward to the development of this thread, or perhaps my lack of dediion to it, and my to strike an equity of 0.
http://www.myfxbook.com/members/henriquezpaul//104064