Almost back to the trading week... Its been HOT AS A MUG here in the midwest this weekend. Suppose to be 108 degrees today. It may be the hottest day I've ever experienced personally in my life. Gonna have the AC on today for sure.... Anyone else ...

Nate04's trade journal to making money or wiping out a small account

I closed the trade @ 11:30am cdt, @ 1.03746 for 27.8 ($0.82) pips profit. New Balance: $149.6891 This is something I've been stuggling with. A downside move on friday. Do I hang onto the trade over the weekend and pay swap for 2 days, in hopes of ...

Nate04's trade journal to making money or wiping out a small account

It seems keeping ahead of ones emotions is the toughest part of forex. I got crazy over what at worst would have been $1.35 loss. When I look back at it, its almost laughable.

Nate04's trade journal to making money or wiping out a small account

The trade was taken, in fact just a few minutes after I placed it. Now we play the waiting game to see if its successful. At the moment its a few pips in profit. The best part of my risk/reward setting, is that I only have to win 4 trades out of 10 ...

Nate04's trade journal to making money or wiping out a small account

Sell signal on the golden finger. 300 units Sell @ 1.04024 SL @ 1.04474 Close 25 units @ 1.03524, move remaining SL to BE. TP @ 1.03224 I'll check back in 4 hours to see if the trade was taken.

Nate04's trade journal to making money or wiping out a small account

Boys and Girls... Here is a perfect example of what NOT to do. Of course, the price ran right up to what would have been 80 pips of profit, with very little resistance. So, because I got nervous because I wasn't going to be in front of my computer ...

Nate04's trade journal to making money or wiping out a small account

Closed @ 1.03051 for 15.3 pips. Not going to be around to watch the trade for the awhile. I HATE doing this, as it goes against my close to 2:1 risk/reward ratio. But I saw a possible double top forming, and I didn't want to get caught in a loser ...

Nate04's trade journal to making money or wiping out a small account

I'm not pissed, but just had an order triggred on AUD/USD that had set @ 1.02898. However, the price never got pass 1.02881. Is this something that happens regularly? Should I take this to Oanda and ask them about it? edit: the price did eventually ...

OANDA Discussion

hmmmm... very interesting. My trade order just got taken. Why is it interesting? Because I had the order at 1.02898 (which is the price I set it at), HOWEVER... According to to my chart, the price never reached past 1.02881. So how is this possible? ...

Nate04's trade journal to making money or wiping out a small account

There was enough movement up in the last 10 minutes that the sell signal from the golden finger did not form. However... it is a nice hammer. so I'm putting in an order for a buy of 300 units @ 1.02896.

Nate04's trade journal to making money or wiping out a small account

So... An interesting situation perhaps setting up on AUD/USD. There has been enough down movement to *probably* give me a sell signal on the golden finger indicator... BUT... The same candle is also forming a hammer at this moment with 10 minutes ...

Nate04's trade journal to making money or wiping out a small account

Well, once again, the trade was not taken during the first 4 hour candle, so the I canceled the trade. Back to waiting until the next signal. This is common during ranging periods. But that is a good thing, because it keeps you out of the wip saw ...

Nate04's trade journal to making money or wiping out a small account

Buy limit order @1.02586 - 300 units SL @ 1.02136 TP @ 1.03386 Move SL to BE @ 1.03086 Since I use FX trade, I can't show pictures... But I have a demo acct, it shows what I am doing... It is demo, but I have real trades @ the same levels.

Nate04's trade journal to making money or wiping out a small account

3am update. Trade was not taken, so I have canceled it out.

Nate04's trade journal to making money or wiping out a small account

Sorry if this sounds like a stupid question... You said you are reducing your sl for the euraud trade. Since your taking off half your profit, are you in turn setting your sl at 50 to keep your ratio at 2:1? Btw, I also wanted to mention that what I ...

Quick and Dirty EOD

I have a question concerning your stop loss Hugh. Do you ever move up to break even, say like when you've reached 100 pips for example, or is every trade either a 200 pip win or 100 pip loss? Just curious... And thanks for sharing your idea.

Quick and Dirty EOD

Interesting anology... Yeah, I think I'm going to forget Friday. Besides, it isn't going to matter after I win mega millions tonight anyways. Ok, maybe not...

4 Hour Strategy (MACD)

Got another question... But looking around but can't seem to find the answer to it anywhere. Should you trade on friday? I wonder this, because it is quiet possible you could end up holding a trade over the weekend if you took one. But at the same ...

4 Hour Strategy (MACD)

I think perhaps it was because I put the stop directly on 1.6000. After thinking about it yesterday, I remember that often times, price will test a level 2 times. Perhaps I should have set the stop at 1.6010 instead, giving a few pips room for the ...

4 Hour Strategy (MACD)