Hello fx-men. Its been 3 months as i switched to real account and it seems like I would never be able to make a good trader. I have gone through Pipsology school and have read several books about discipline but somehow i am unable to follow discipline.
At the time being, i feel unproven, unskilled. It really hurts when you know you can do something but you are unable to accomplish it. Same is the scenario with me. I want to be a successful trader and want to generate some good results. My account statement is attached. I would highly appreciate and try my best to follow any suggestions given by you.
I may hear that i am trying to be rich very quickly but its not about just being rich, i have tons of uncompliled information saved into my mind but I am simply unable to implement it. Please help
Your account statement doesn’t tell anyone why you got into the trade. Your account statement is the result of the trade.
Without knowing anything about why you took any trades in your account statement, I can tell you your risk is way to much. If you look at your account you can see all of these little wins, then a big loss that wipes out your wins.
This trade 440305050 eurjpy. How did you come up with a buy at the time you entered it along with your take profit and stop loss? I tried to figure it out using 4 hour and below and I get nothing but sell signals. If you used the daily again How did you come up with these numbers and times. Don’t just say price action. Detailed reasons will get you the most help from the other traders; it’s free so use it :>)
If you want the most help,
How you decided on the pair
What time frame or frames you used
How did you determine entry, take profit and stop loss (more details the better)
What if anything did you use to confirm your trade
What are the rules for your trading method. (again more details the better)
you doing ok i think your problem really psycho . when you win i sure you take profit to early , and when you loose you just staying in the trade hoping for reversal . work on it exit fast when loosing and waiting when winning and you will be ok
Thank you very much friend for such plethora of information. i will definitely study all my trades. but is there any way possible as i could export the trading data from MT4 and study it on some other charting software or i have to study it manually one after one … ?
As price went down, i speculated that the trend would continue after price would bounce from Daily support and Weekly Pivot point. It actually did the same thing but my Lot Size was way too high as compared to my equity and i closed the order by myself.
Keep a trading journal and review it every month, point out your strengths and weaknesses and repeat what works. Also never stop learning new strategies/set ups, the day one stops learning is the day one stops growing. Also maybe backtest your current strategy to see if it still works in the current market condition.
Now, here, because the ASI is high, Im looking to short,
Was in the trade, but I only use trail stops, so only got 8 pips, but getting more confident in my S/R lines, and going to looking for 1:1, so pertaining to my set-up, I should of gotten 11 pips out of it…
This current test of this strat, 9 days, 34-0 up 49%,
U will see in the stoch wave, tight = fast, and when you see waves of stoch, then that is like the crashing on the shore, and look for a range,
Just tinker with it, Im sure it can be of some help.
Great pips to ya, and keep your head high, this isnt an easy career. If it takes you 4 years to get it right, so be it… Babysteps!!
Also, i want to add, you MUST zoom all in, then out 3 clicks… That is the correct way to read the ASI. Then zoom in 1 time to set up your trade, to see better…
In my opinion much better if you will not afraid and mentioning always your fail…actually as they says Champions are not men who never fail but men who never quit.Try to study your progress and create your own simple chart of it.You already at running progress and you’re doing great already.Put always positive not taking it negative mindset.
A bundle of thanks to you [B]MoneyNVRSleeps[/B]. I am definitely going to drop all these stochs on chart. As an intraday trader, should i stick on to 15min chart as a main entry rather then 5min and should be looking back and forward to 5 min, 1h and 4h charts for price action ?
