10K account, risk 2% on a trade, average SL 25, lets say 8 minilots, that mean I just need 25 pips from the market daily to reach my 2% a day. Considering gu on average moves 150 pips daily should be ok, unless I've been extremely lucky or ...

The Magic of Compounding

huh, is this you? url Anyway, back to topic

The Magic of Compounding

I can see the amazing cumulative powers of compounding, for example a 10K account @ 2% per trading day and in six months you'll get a million (and 2% daily is an easy feat). But how realistic is this since I don't know one person who has done it? ...

The Magic of Compounding

nice trading, very clean charts!

NCF basic trading journal

Nice short trades on all the following currencies. GJ is interesting, a bounce off weekly demand turned supply (blue area). A good example indeed. Simple trading, all that is needed is patience.

Pete's Forex Trading Journal

EJ looks good for a short and it seems GU H4 is looking good at that 50% line after all, may have a second chance for entry, lets wait and see how all the H4 closes in about an hour. EDIT: mistype, eu not ej

Pete's Forex Trading Journal

This is incredibly useful, thanks!

Trading with Deadly Accuracy

Ok, hoped for a bounce short on H4 50% line, did enter short on 5 min and moved to BE when I got the chance but moved against me. I still have a short feel but I will wait to see what will happen when market moves to upper daily extreme at 6660, a ...

Pete's Forex Trading Journal

Nice long move closed. Everything supporting a move down continuation down on the GU H4. GU daily has moved through 50% previous candle, now seems to moving towards weekly 50% line, may even head higher to daily support (orange) around 6653 before ...

Pete's Forex Trading Journal

stopped moved up to last pivot

Pete's Forex Trading Journal

After nearly no bounce from Fri daily demand, I took profit and reentered short for the continuation down after H4 closed below demand. Overall a nice trading day despite it being Friday, about 10% gain on account. Then, I saw the bounce up from the ...

Pete's Forex Trading Journal

took 24 hours to do it but closed around big number because of daily demand and h4 demand area so i expect a big bounce from here.

Pete's Forex Trading Journal

20-11-09 Ack, hate Fridays, slow and no trading for a couple of days Here is what i did yesterday Market seems weak so once h4 candle pushed and closed below weekly supply, I looked for short positions on the h1. My entry 1. I see wicks in loss, ...

Pete's Forex Trading Journal

Ack, so much for my analysis!

Pete's Forex Trading Journal

Maybe spoke too soon, market showing weakness still. This is where I get confused and flabbergasted when looking at lower TF. H4 showing weak longs, if H4 closes below weekly supply (the blue area), short play is more possible, but daily is showing ...

Pete's Forex Trading Journal

Ok let starts today's analysis 19th Nov 2009 MONTHLY - BIAS UP WEEKLY - NO CLEAR BIAS - see weekly chart DAILY - BIAS UP - WHY? - overall trend is up and I see held profit from the short traders from yesterday use lower TF for possible entries, see ...

Pete's Forex Trading Journal

Last one on how I trade. Again it doesn't matter on the TF as it is all relative.

Pete's Forex Trading Journal

The chart shows my analysis and how I get my bias everyday. It is a monthly but it doesn't matter as it happens on all TF. Should be self explanatory.

Pete's Forex Trading Journal

Mmmm I understand why Pros ask you to write trading journals, if I wrote what I saw yesterday, yesterday, the direction to trade would have been as clear as day and up 100 odd pips by now .. could have, should have baaa Time for me to run out and ...

Pete's Forex Trading Journal

I made a mess of this counter trend trade yesterday, I was looking for longs but turned out to be a short day. Someone told me that higher TF is king but I paid too much attention to the h4 trend. I should have paid more attention to the daily then ...

Pete's Forex Trading Journal