US Market Trades — During the US Market and a little afterwards I opened up two trades one for a buy, another for a sell. I lost a few pips on the buy, if I was a little more patient I would of been in the green. Next trade made up for the ...

forexnoob101's journal

Last night — During the Asian session I was able to close all my trades. I didn't expect these trades to close so early. I was kind of hoping that the trades would take a few days, and I would not trade, but instead take a break as I am really ...

forexnoob101's journal

Yesterday's US Session (6-18-08) — Closed the open trade on the Euro in order to get a better discount. Made a few pips before I closed it. I have two GBP orders in for Frequent Flyers and I am adding another one since I closed the Euro trade. ...

forexnoob101's journal

No direction during Asian session — During the Asian session I really didn't see much for me to trigger a trade. I got in a small trade but got out early because there was no real direction for the British Pound. However I did invest in some ...

forexnoob101's journal

Hope this helps — Hi eagle47, I wish I had an EA or a 100% mechanical system made for the way I trade. If this was possible life would be much easier. I've tried over and over to look for the "perfect system" for many years realizing that a ...

forexnoob101's journal

Better safe then sorry — I decided to close the open position because I'm not sure what is going to happen during the US market open, and do not want to take any chances at the moment. Trade # 008-06-SAVA-010 Currency Traded - GBP Result = +10 ...

forexnoob101's journal

London says sell — I shorted one of my most favorite but dangerous pairs during the London Market, and got to make a few pips off of it. I still have a trade open looking to either close it sometime during the US Market or leave it open for a ...

forexnoob101's journal

Closed all previous hedges. Trade # 008-06-SAVA-008 Currency Traded - EUR Result = +86 pips Balance - $675.77 USD

forexnoob101's journal

Off to a good start — At Sunday's open I took a trade on a sell position to take advantage of the gap on the euro currency. Once this was closed I opened up another position for a buy after seeing the price did not move past the double bottom, ...

forexnoob101's journal

Leave IBFX, I plan to sooner or later. You know in the back of your mind you have been wanting to leave them just like everyone else. forexnoob101

EURUSD

Thank you for the kind comments — Thank you for the kind comments, I hope the winning system you are implementing this upcoming Monday works great for you. forexnoob101

forexnoob101's journal

Weekly Analysis 6-11-08 to 6-13-08 — I started this journal in the middle of the trading week, so this weeks trades do not represent a full trading week. I have to be very, very cautious of my first few initial trades as I do not want to risk ...

forexnoob101's journal

No good trades — I was unable to catch any good trades during the US Market on Friday. I traded the USD for a few pips going back and fourth in the range. Trade # 008-06-SAVA-004 Currency Traded - USD Result = +10 pips Balance - $526.37 USD

forexnoob101's journal

Choppy US Market — Managed to make a few pips off the US Market for the Core Retail Sales news this morning. No other trades were taken due to choppy market conditions. Trade # 008-06-SAVA-003 Currency Traded - USD Result = +18 pips Balance - ...

forexnoob101's journal

Euros for Sale — Attempted to get in on a sale on some Euro crosses. I should of closed at a little less then +100 pips, but market reversed before I could lock any pips in. The market moved against the trade a little past break even. Staying ...

forexnoob101's journal

Side Notes — Mini Account Balance - $500.00 USD Lot Size - Maximum $1.00 Leverage - 200:1 Broker - IBFX forexnoob101

forexnoob101's journal

Info on Trades — Trade #1 will now be referred to as "Frequent Flyer" Trade #2 will now be referred to as "Sneak Attack" Rules a) Open trade with 2 lots until take profit or stop loss is achieved, b) First lot is to be closed at 50% of take ...

forexnoob101's journal

The Seven Laws — The Seven Laws 1. Always use a mental stop loss. If you walk away from the trade place a stop loss. 2. Never trade to get revenge on the market. Never enter a trade just to get your money back, or increase your lot size to ...

forexnoob101's journal

exit made a quick 100 pips, thanks

Auslanco - GBP/JPY and GBP/USD (newstrade)