Everything to Nothing to get Everything?
Results 1 to 8 of 8

Thread: Everything to Nothing to get Everything?

  1. #1
    Hello, everyone. I thought I'd begin a trade journal for anybody to follow. I will post my trades here together with charts along with a mindset of why I started this particular trade and what I expect from it.

    My thread is titled the way it's because I dropped everything in the 2008 recession after being laid off (didn't trade then). About 2013, things finally began to appear and I would like to see where it takes me.

    My interest in forex happened as a quest to learn how to trade stocks. I had been had no cash to hang as a pupil, I from curiosity wanted to see whether there was a way the stock market might have contributed signs before it tanked the way it did. Some individuals profited hugely shorting stocks so I believed clues could be discovered and possibly I could avoiding loosing everything as I did in 2008. I had been known to babypips and rather than moving to stocks, I decided to perform FX.

    I'm a manual trader with a rigorous focus on SR trading over the lower TF using but make use higher TF tendencies as a guide. I do listen to the news as well but those are skeptical entries. I got the rate change right for AUD (down to 2%) but not on the chart, haha. I've a small live account with cash I can afford to gamble with.

    My journal isn't to seek out correct trades but to learn how to learn to limit my losses. Strange but its what I need to work on here we go! So many of my time is analyzing when I must escape a transaction or when I should cut my losses.

    I had a massive loss a day or two past so the goal is to recover it first.

  2. #2


    The best feeling in my timezone is obtaining the trailing stop loss going in your favor at bedtime. Even if I am stopped out... its ok. Some profit is far better than none!

  3. #3
    Aud/Usd M15. I run into this matter. The chances of this going down for my goal appears to be likely however a retrace will probably happen and might become too close to my monitoring sl. Should I allow the winning commerce continue and risk the sl being hit? Should I close my brief and start a tight monitoring long? The majority of my trades run into this circumstance. Once I know how to reduce my losses correctly... that is my next area to work on.



  4. #4
    Made some changes. I used the hourly to specify my entry. Now the 4hr TF seems to be bearing so that I extended my tp. I also tightened my sl in case when its it harshly retraces up. If it retraces and breaks the resistance, it's going to have room to retrace, therefore I would like to protect what I earned.

    I really do expect that retrace happens about the s2 support level rather than the s1 resistance degree.



  5. #5
    I re-enter brief earlier this day. Up to now so good but I guess a possible retrace for tonight. My sl is in effect so that I instead just leave it (secured profits vs opening a new commerce ). Possibly it can provide a buffer to the retrace before going down a few more. The 4HR just entered bear territory so its allowing me to earn a risk of loosing my pips.



  6. #6
    I'm back. I needed to rethink how I go about my losses. I spent the couple of months exploring other egies and although they are promising, I return to my own simply because it feels natural to me. So the way I'll handle losses is I will simply cut any commerce that goes -50. It'll be simple as that.

    So let me re-start my pursuit....

    USD/JPY

  7. #7
    My curiosity about Currency Market occurred as a search to understand how to trade stocks. I was had no money to hang as a student, I out of curiosity wanted to see if there was a way the stock market could have contributed signals before it tanked the way it did. Some individuals profited massively shorting stocks so that I believed clues could be found and maybe I could averting loosing everything like I did in 2008. I was referred to babypips and rather than going into stocks, I chose to perform Currency Market.

  8. #8

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
This website uses cookies
We use cookies to store session information to facilitate remembering your login information, to allow you to save website preferences, to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners.