got stopped out for 10. Rentered... Notice this time stochs cut through 20%...should have waited for that. Then move trade to hourly chart and set SL 32 pips TP 39 pips:

ChesterB's Trading Log

trying to catch a bottom — Here's a trade i took based on trying to pick the low. Using MACD crossing its trigger line after a downspike. Also stochs are oversold. Moving averages showing choppiness...yellow should swing back to red.

ChesterB's Trading Log

i think a good way might be the psar has to change but the others dont have to be the right color on the previous bar... that would give a lot more entries

"The Pip Nailer". Any time frame, any pair

that would rule!

"The Pip Nailer". Any time frame, any pair

totally overtraded but its cool... I wasnt trading by a system yet and i know this..still trying to formulate. Anyway, took a trade just now, long on usd/jpy: had some Emas going on the chart, and support from a pivot point, here, w/ stoploss and ...

ChesterB's Trading Log

very much appreciated! thank you. Is there a way so it paints all the trendlines at once up to certain # of steps ?

TD trendline breaks historical

continued trading ...Changed a losing day into a winning day,up 2 pips now I did a nice basket with shorting the AUDwhile long EUR/USD and short USD/JPY... took the riskout of the situation and brought my balance back positive2 pips now.All I ...

ChesterB's Trading Log

4.5% is the current rate... They basically average how muchis in your account on a second by second basis...So if youhave $10,000 in the morning for 12 hours and $12000 in the afternoonfor 12 hours, that days interest would be on $11,000

Oanda spreads go back to normal @ _____ GMT

i dont know... he could be a good trader, he could be a bad one....I tend to think signal services are pretty lame; my motto inthis case would be 'learn to trade'...Otherwise you are at the mercy of someone else's system andyou have no real control.

Steve Dewitt, and News Section Rules

just because he sends you emails everyday means nothing.All good internet marketers send frequent emails

Steve Dewitt, and News Section Rules

both were losers... down 11 pips for the day.

ChesterB's Trading Log

just took 2 more trades,... tried to catch USD/JPY on the way down again and since EUR/JPY fell quite i bit, i bought that as a hedge... Probably overtrading already... This journaling is very helpful. I see I am already overtrading and should wait ...

ChesterB's Trading Log

2 EUR/USD trades — first of all, i'm breaking my own rule not to trade on Sunday night... hmm... anyway, my spidey-sense told me something was going to happen... Turns out I was right... lost 4 pips trying to catch an upmove and then made 22 ...

ChesterB's Trading Log

Tried to call the top on the usd/jpy. Reason I took this trade: Top was forming, likely to go down in direction of trend. (probably not enough good reason to take this, somewhat emotional trade) Stopped out for 8 pips plus spread...

ChesterB's Trading Log

amazing how many people start journals and never finish them...me too i guess. But I'm back ! I will post the next trade that I take...

ChesterB's Trading Log

I just realized Oanda is paying interest on account balances Not just carry trades, but if you have money in your account, it earns interest too.... sweet...

Oanda spreads go back to normal @ _____ GMT

You have to just win 60% on balance ...oh , i never said it was EASY! I said it was simple

Making Money is Extremely Simple

But lets do a few more calculations to explore some possiblities here...Let's say you have a system or signal that is 60% accurate.Now watch what happens to the #s: 2 losses in a row: 16% chance 3 losses in a row: 6.4% chance 4 losses in a row: 2.5% ...

Forex using casinos methods

Martingale systems are a neat facade but offer no real advantage. Allow me to show you why:Let's say you have a system where you risk $1 on Monday to gain $1. If you fail, you keep doubling up until Friday where you risk $16 tomake up the $1 or lose ...

Forex using casinos methods

Hi, good post thanks... Keep in mind though that even a system/signal that gives you 50% is still wrong 5 days in a row every 32 weeks on average. In the end, its just about being consistent and taking more pips out of the market than you give back. ...

Forex using casinos methods