Didn’t amp up the lots on the short term trade like I need to. That trade should have been with 3-5 micros oh well
I took it out early cause 130.80 was at the high end of the channel on 15 minute chart. I had my defined expectations and they were met, so I set my take profit and went to bed. I wasn’t awake when it hit the take profit.
Nice work tho . I thought there was a reason why uou close early
It all profits soo far
how do u go to bed? i leave my limits and have my stop losses, yet when i leave my computer, it goes to sleep for inactivity and then my trades get closed no matter what
Free image hosting for your screenshots + free screen capture tool
Two trades Taken. Both short term trades
AJ sell at 8804
AU sell at 9033
Took both trades out. For very small profit. We are coming up on some US news that could bounce things around. So because these are short term trades I just took my small profit and ran.
Sounds Great. Good Luck
Gp
This is the part that concerns me. 3 microlots @ 10c a pip = 30c a pip. Stop @ 30 pips = DD of $9. 5 microlots @ 10c a pip = 50c a pip. Stop @ 30 pips = DD of $15. In my opinion, both way too much risk for an account of $161.
You could be right. However I don’t mind getting a little aggressive on an account like this.
I understand completely. But would argue that having put yourself out there trying to increase the account three fold. Now more than ever, adherence to strict MM would be prudent. Slowly but surely would prove your point just as certainly.
A fair point for sure. I look at it maybe a bit different. If I look at a trade for instance the one im looking at right now. I really want to long EA again. I think its gonna break this area, and go to daily resistance at 1.5000.
So I would be willing to risk 3 micro minis with a 30 pip stop loss or in other words 9 dollars, for the potential of 130 pips and 39 dollars. The risk for me is worth the reward.
I haven’t taken the trade yet but that is my logic.
Free image hosting for your screenshots + free screen capture tool
Im Gonna take this trade on EA here. It’s a bit of a risky one cause its hitting up against resistance here. However I feel it’s going to break topside and hit the 1.5000 area on the daily chart.
Weather it wins or loses I am willing to take the risk.
Understood. Just bare in mind the first thought of any pro trader is always, how much can I loose on this trade (no matter how gilt edged it looks). Anyways, good hunting LWT!
It would be nice to see some charts along side acct balances as this being in the Newbie Section I’m sure some other would like to follow along and see what you see. Unless you meant this to be a trade-log then just ignore this post. 
Free image hosting for your screenshots + free screen capture tool
This trade was a mistake on my part. In the trade at 1.4869. Looks like the trade went up to 1.4928 are meaning I was up a good 50 pips or so. Unfortunately for me I was at football practice with my son for last three hours.
So although my target was 1.5000 I would have placed stops at be +50 or so. I just wasn’t around, and didn’t think it would move like that.
Oh well live and learn.
Free image hosting for your screenshots + free screen capture tool
Two micro lots on this au short from 8980 stop loss 9015 T/P probably 8940 on the first one take it out. leave the other one running break even
Free image hosting for your screenshots + free screen capture tool
Just entered an interesting currency the us/sgd
[QUOTE=“LoneWolf Trader;521466”]
A fair point for sure. I look at it maybe a bit different. If I look at a trade for instance the one im looking at right now. I really want to long EA again. I think its gonna break this area, and go to daily resistance at 1.5000.
So I would be willing to risk 3 micro minis with a 30 pip stop loss or in other words 9 dollars, for the potential of 130 pips and 39 dollars. The risk for me is worth the reward.
I haven’t taken the trade yet but that is my logic.[/QUOTE]
That a nice risk to reward even of your wrong 40% you will still make a profit
Do you also use a trailing stop .
I never turn a winng trade into a losing trade
Keep up the good work
Still think you should open a Zulu account . Then I can follow update on my phone
So far my little Account is down 10 dollars. Not a big deal on to the next trade