feeling i need to maintain a Journal for this new 40 $ Account…
This account i will try to trade without any chart and indicators
I will not read and forum post here or chat anywhere about forex as its diverting my mind frequently . i will use
Pure Mathamatics and trade Historical Data’s of currency pair 2005-2014 … i will trade the levels where market jump or react many times in Past … hope everything will go smoothly and i will survive with this tiny account.
as this is a counter trend strategy … chances of loosing my account balance is much higher
sell limit : Audusd 89475 stoploss 20 pips target open
Dear Marsalis … i put this strategy direct on live account … no demo … as i personally think only live environment and sentiment will make u good trader … demo dosn’t come with emotions
[QUOTE=“gyanpapi;609057”]after a healthy 3 hour analysis on aud/usd i put pending sell limit : Audusd 89475 stoploss 20 pips target open Dear Marsalis … i put this strategy direct on live account … no demo … as i personally think only live environment and sentiment will make u good trader … demo dosn’t come with emotions[/QUOTE]
3 hour analysis…oh my.
I can’t say I’ve ever heard of that type of strategy before.
Especially trying to capture only 20 pips?
Do you make only a few trades / month?
If so - Have you ever considered playing the probabilities, and trading more often?
Just really interested on what aspect of reading a price chart takes 3 hours.
I take a healthy 5-10 second scan on a few different time frames and can almost always spot an opportunity.
It sounds like you like price action, as you mention your looking for levels in the past. The current price and most recent action will factor in those key levels. Anything more than a few minute analysis and your going to confuse yourself (in my experience, you can get “paralysis by analysis”).
USDJPY was a worth trade … its a a good time to figure out the data’s but … manage an entry with it … fantastic trade without any drawdown go like crazy
Hello i use pure mathamatics without using charts indicators … thats why its takes that much time to figure out the actual value … where price will jump … as i am a counter trader i need to find the pin point entry
I use the Old Tech … time when pro’s trade,when there was no computer or charts … peoples buy paper stocks
Mistakes i done : My Calculation suggest that it will make loss when it was on profit. still din’t close with green stick with it faced loss . its a good thing or bad!!! hmm … i need to think about it …
i use pure mathamatics without using charts indicators … thats why its takes that much time to figure out the actual value … where price will jump … as i am a counter trader i need to find the pin point entry
