Thanks and Let's Go Long Again! — Hey Yen, Very nice post! Thank you for your compliments! I think it is important that I stick to the rules I thought of. Otherwise, I will never know for sure whether my method as is works on its own or not. ...

kharvell's Trades

Confidence and an Update — Hey Mike, I'm glad I could be of some help for you. We must all be confident in how we trade, and confident that these winning trades will come with losing trades. I would love a world where I don't lose at anything ...

kharvell's Trades

Regarding Reporting Losses — wwh, I know from backtests that my method has about a 15% maximum drawdown. When I committed to using my system, I in effect decided I would be ok with losing 15% of my account (or even more; if this year isn't as ...

kharvell's Trades

First Trade Complete — GBP/JPY has been stopped out. Liquidate Long GBP/JPY @ 223.38 = -331 pips or -3.52% Total Pip P/L: -331 pips Total % P/L: -3.52%

kharvell's Trades

Trust Your System or Trust Yourself? — Hey Steve, I see you are facing a very common dilemma. I thought I'd share my opinion on the matter. It seems as though most people think that once you've backtested a method, and decided it is "good ...

Steviet's Live Trades!

Losing is a Good Feeling? — Well, forex is pretty much whooping up on me, and I am quite pleased by it. A little weird perhaps, but what I have lacked in picking out my trades, I have made up for in discipline. It's nice to know that I am ...

kharvell's Trades

Great Idea — Hey hilmy, I very much like your idea of starting a psychology journal. So far you have presented some great stuff, and I enjoyed the trading personality test link you've posted above. Although the results were somewhat ...

Hilmy83 Trading Psychology Journal

Long GBP/USD — Hey Yen, I have entered long with you on GBP/USD as a signal developed today. I'm thinking that the market just wanted to scare some buyers out of the market on the open today. I personally still see these 3 pairs going on the ...

kharvell's Trades

Staying Long in GBP/JPY & USD/JPY — I will be keeping my long positions in both GBP/JPY and USD/JPY. GBP/JPY has bounced off of March 2nd's upper gap support at around 226.40. It is entirely possible and even probable that there will be a ...

kharvell's Trades

Reversal for JPY — It appears my positions in GBP/JPY and USD/JPY both went sour. Both have formed piercing patterns bouncing off of January 5th support which is now resistance. If the chart still looks the same later tonight, I'm going to ...

kharvell's Trades

Thoughts on GBP/USD and Tightened T/P's — It seems as though you may be pre-empting GBP/USD. I hope it pays off! I'm going to wait for a break of resistance around 1.9355 as seen throughout the past week until I enter. Hopefully that will be ...

kharvell's Trades

My Advice — 100% wins + slow growth = underemployed money making. First of all, congratulations on your system. 100% is something most will only dream about. Secondly, assuming it is 100%, why even think about risk management? If I were you, I ...

Ultimate Successful Trading Technique

I'm Not Regulating, Just Requesting.. — Hey Chandra, I don't mean to be a dictator in this thread. I only request that you do not speak about these things. Theoretically, you can say whatever you want; it is a free country after all. I'm ...

kharvell's Trades

Various Topics — Hey Chandra, You've got it backwards. Also, not to be rude, but this is the last time I'm going to acknowledge a Bollinger band question. I am quite serious about starting a business, and I will just have to do what it takes ...

kharvell's Trades

Nice job, yen! I was looking at that because I knew you were in it. It kind of went everywhere before it settled up. I have tightened the T/P's for both these pairs, it should read: Long USD/JPY @ 117.36 S/L = 115.51 T/P = 119.13 Long GBP/JPY @ ...

kharvell's Trades

New Trades With New Method — Alright then, I have FINALLY been afforded the opportunity to place a trade using my new method. Long USD/JPY @ 117.36 S/L = 115.51 T/P = 119.35 Long GBP/JPY @ 226.69 S/L = 223.38 T/P = 232.74 GBP/USD may need a ...

kharvell's Trades

It doesn't HAVE to be anything. It can be whatever I want it to be. I understand what you are saying if I plan to distribute it so others can trade it, but those are not my intentions. I have said before that my system is 90% mechanical, and I like ...

100% mechanical trading systems

Too Many to Choose.. — Great post yen! Indeed, there are a ton of options! It does look as though JPY crosses are going up. Personally, I will probably indulge myself by trading only USD/JPY as GBP/JPY is rather iffy at the moment in my ...

kharvell's Trades

Terminator the Pessimist — Terminator, You may call this realism, but I call this pessimism. Instead of arguing with you that it is not only possible, but also I have done it, I will let you watch my trades in my thread in Journal Factory ...

100% mechanical trading systems

Retiring Young — I trade forex so I can retire in at most 5 years at the ripe age of 25, and travel the world soon after.

Why do I trade Forex