New lessons learned... — I have switched to live trading like 10 days ago and must say that something is different compared to demo-trading. While demoing, I used to make like 20 - 30% per months. But now I am actually down 2%!!! Logically, I ...

Fadetobla's Journal

New lessons learned... — I feel so bad because I didn't stick to the plan of updating this journal with every trade undertaken. In the future, I will try to do it to the best of my abilities. After trade #3, I did many trades and was doing ...

Fadetobla's Journal

I don't use the indy, the cross-hair is just fine with me... thanks again.

Pips Calculator

... Trade #3. I closed EURUSD at 1.5782 (+ 171 pips) because it seems to stall at resistance @ 1.5782. Let's see whether it breaks through it. One thing for sure though, I will not trade possible retracements, in other words I will NOT go SHORT on ...

Fadetobla's Journal

Reasoning for trade #3. EURUSD: As already mentioned earlier, EURUSD is on a long-term uptrend and I don't believe it will turn on a sixpence. S/L is placed just below the previous dip. GBPUSD: Since the pair didn't penetrate the strong support at ...

Fadetobla's Journal

I took #3 which involved going LONG on: EURUSD, GBPUSD, USDCAD, AUDUSD And going SHORT on: USDJPY. Now to the trades: I haven't closed them yet for I want to trade the way I did while demoing - big S/Ls (leaving room for the trade to develop), MM is ...

Fadetobla's Journal

Ok results of the previous three trades, I guess I number them as trade #2. I closed all of my three open positions with following results: EURUSD @ +44 pips, GBPUSD @ +42 pips, AUDUSD @ +13 pips. Since its the first time that I actually trade live, ...

Fadetobla's Journal

Fellow traders, Yesterday I opened three positions and by closing them today I got break-even. From today on, all subsequent trades will be included in this journal. Today I went long on three pairs: GBPUSD, EURUSD, AUDUSD. Unfortunately I cannot ...

Fadetobla's Journal

Oh, this is so great, i trade like for 10 months now and you just helped me to resolve one of my biggest problems and to save so much time in the future. Thank you very much. Fadetobla

Pips Calculator

triphop, Thank you for your reply. I think I get your point, even though my direction might be correct, I still need to acquire the "soft" skills as well: 1) NOT TO quickly give up your system and jump into some other system ('system whore'), but ...

Question to Soultrader

Fellow traders, When I started learning technical analisys 4 months ago, I've started with the very basics, that means I had covered S&R, some basic patterns and thats it. I was not able to further go into the sections of indicators, fibonacci etc. ...

Question to Soultrader

triphop, Thanks for the feedback. Sry for not being able to respond sooner. Cheers, Fade

Question to Soultrader

Thanks Xaron, I've removed the volumes off my charts.

Question about how to use Volume with Price Action

Some people make money with indicators, some without, every brain works differently - this is evidenced in the fact that two traders applying the same method come up with different results. Don't listen to any hole grail thing - just get your money ...

The Holy Grail - Found

S & R — Dear fellow traders, There is one question that bothers me most, it relates to proper drawing of S & R levels. It might provide useful if I just describe how I set my S & R levels and hope that someone will correct me if I am ...

Question to Soultrader

triphop, Excellent post for being easy to understand and concise, however, just a small correction - strength is indicated by higher lows rather higher highs, ok? Cheers my friend.

Question to Soultrader

Dear JodyOng, I was thinking whether I could interpret it with the phrase "trend followers don't predict, they follow" - so thanks to you, I now see that my interpretation was correct. Nutshell: if you see an uptrend then just buy, don't try to ...

Question to Soultrader

Dear fellow traders - triphop, Primate, JodyOng!!! Thank you very much for your kind help, you guys are great for taking your time to answer my questions. I must confess though, letting your profits run is easier said than done because the question ...

Question to Soultrader