No not really…allot of learning to go…almost feel stupid:(
What happened with the 100000 account…you made it a 1000 account.
I agree with you completaly…altough I stillhave to figure out why:rolleyes:
haha yeah sorry I changed it to £1000, that’s just to make the numbers small and easy. Well ask if you have any questions but I think, reading the babypips school should explain it fine.
On another note- wonder how many people are in on this Dollar revival?! Today has by far been my best day trading results wise.
Crazy day today
I’ve closed my trades as I’m going to the theatre tonight, Dollar seems to have temporarily run out of a little momentum and I’m very happy with todays results. Pip count for today +571.20.
Ouside of trading, it’s not been too productive, watched a few episodes of celebrity juice and sons of anarchy!
Morning,
Well another day and to be honest I’m pretty tired. Sometimes I wonder if I should even bother trading unless I’ve had a enough sleep (will it affect my decisions?), but then I think of the potential set ups I could miss by going back to sleep so I just go for it!
Doesn’t seem to be too much going on, Asian markets seem to be undecided on USD with some slight favour to other currencies.
Currently no open trades, watching for a potential set up on EUR/GBP. This is actually a pair which I’m not wholly decided on if I want to keep within my potential trading pairs. Ranges seem to be quite small and it’s a bit choppy. Anyway, I’ll monitor for now.
I’ve entered a trade on the EUR/GBP pair but as mentioned, not too sure about that pair so I’ve halfed my normal lot size and the stop is relatively tight. We’ll see how it goes…
Just curious, I`m a newbie too. Are you gonna trade “whatever”, or are you gonna focus on specific pairs?
I wouldn’t say I would trade whatever. I monitor 9 different currency pairs for my set up requirements to be met. The EUR/GBP pair however,
I’m considering dropping as I’m still trying to figure if the movement suits my trading personality. It seems to move quite a bit slower compared to the other pairs I monitor. That’s why I have tentatively dropped my lot size and therefore exposure to it. We’ll see if that lot size goes back up or gets dropped completely, probably after about 1 or 2 weeks…
EUR/GBP hit TP1 so I’ve closed some of my position. Even though TP1 was hit on the EUR/GBP trade, pretty happy that I kept lot size low as it’s too early to tell if I should use higher lot sizes with it. I’ve also entered a trade on AUD/JPY.
BoE minutes to come out in about 5 mins so gonna pay very close attention to my open trades. If the minutes cause and adverse reaction I will probably close the trades asap rather than wait for my normal exit strategy.
Ahh okay, well the majors then!
Well good luck, I`ll try to follow your thread! Good luck, now I have to sleep some…
Well that news from the UK was interesting, plunge over 50pips only to recover almost straight away. The more I look at it, the more unpredictable and crazy news events can be.
Currently in 3 open positions;
AUD/JPY,
EUR/JPY,
EUR/GBP.
TP1 has also been hit on another of my trades.
Feeling really good about my trading at the moment. I am getting enough trading action so I’m not bored but not too much so I struggle to action my strategy as planned.
Watching the Bloomberg channel just now, the UK is cutting everything and a permanent tax on banks? Personally can’t help but think top talent will be driven to other countries due to the tax differences. Luckily trading via spread betting means nothing is declared as taxable 
Just entered another trade.
Weird feeling entering a trade when you have an opinion on it that goes against what the system says. I guess my ‘job’ is to not have an opinion though. The amount of times I’ve seen candles on a chart thinking, “that looks way too high, it must retrace soon”, only for it to extend much higher.
Well things looking ok so far- 3 open trades currently and all have surpassed TP1. One prior trade did get stopped out however for a full position. The large swings in the market are certainly helping me catch max pips.
Funny, on the website I use for my news flashes, some of the analysts are scrambling around for a reason as to the large sell off on the Dollar at the moment. Whilst I would find it inetresting to know the answer, ultimately I don’t care. I’m just happy I have had entries and riding the wave. It reminds of the common perception, by the time news filters to the masses, the big move has already occured.
Aaaaaaah, stupidity, just closed one of my positions incorrectly (too early). Wasn’t concentrating and that’s what happens. The market is being good to me and I guess I was being a bit too casual. Ah well, still 2 open positions for now…
This is a long day, I was up at 05:45 and it’s now 19:20 and counting. Long hours but I can’t complain, still in 2 trades with quite a lot of profit potential (I say potential as I won’t count my gains till positions are closed).
Again I’ve not been too productive with my time between waiting for my trades. Just watched the Apple ‘Back to Mac’ presentation though. First thing I will do when I am making consistently good money, a new computer with a few monitors.
That’s me just out of my last open position. I actually have a few set ups that show possibility of completing but the martket has been good and I need to end at some point for some sleep. Also I want to watch the Apprentice!
Another crazily good day with a end result of +287.6 pips
Which time frame do you trade on?
What`s your average daily pip gain so far?
Morning,
I trade on the intra day charts but it’s far too early to have an average pip count. The last 2 days have been extraordinary with the changes in market sentiment. I also look to not have a daily pip goal, this I belive will affect your psychology for entering and exiting trades. My primary goal is to at least start making what I call a McWage consistently. In other words, what somebody full time at McDonalds makes. I will build from there.
Woke up a bit later today (06:45) as I was pretty tired.In between trades I’m going to try and get away from the computer more, starting to get some headaches!
Anyway, not yet in any open trades but a couple are ‘primed’ for potential completion…
Okay, I see what you mean.
And that seems liek a fvcking brilliant idea actually! I`ma adopt that view myself. As a matter of fact, I will extend it. No not burger king wage, but seeking consistent profit, and then an increase is consistency…