Hi,
I am Tanjir and Not actually Naked! I was thinking to post here,but hey you are a newbie and nobody likes a blank thread. So I am going to add a nice chart pattern that I caught yesterday.
My system:
I am actually learning and I trade demo most of the time, Trade live when I am sure about what I am doing.
I am just learning to trade Wave,PA,Fibo,Pivot,Support-Resistence based charts. My favorite pair is EURUSD and sometime I trade EURJPY also. Actually EURUSD is my favorite and I am just learning to trade with other pairs.
Tested GOLD,Silver already,but they need a sea full of Dollar!
I cant trade a lot of the time cause I am a student and I do other jobs. I just trade best shots, if I loss then loss for that day, If I win then win for that day. My first target was 100% winrate! But alas My dear sister traded with my accounts and opps, I am lost. Now my Weekly target is 200-500 pips and 70% winrate.
Well, Yesterday I found this pattern gonna happen…
This image below is for EURJPY…
Then I saw EURUSD and waited some moments…I saw like EURJPY the EURUSD is…
woo broken…
[B]I did open a sell trade when I found this amazing Head and Shoulder Chart Pattern…[/B] And got 100 pips when it ends. I was greedy but fixed my mind…
I was sure about this pattern and Trade cause it is cross pair trend.
and then I found this is just happened. I talked with lehm and Pandras about it. They were thinking different… but about same thing I was thinking…
This is my best trade of this week. I traded a lot of lost trade but hey I am still newbie.
My only advise would just focus on being profitable right now. Period. Focus on maximizing your win rate and pip count once you got something in place where it’s working. If you focus too much on the outcome, you’ll neglect the process. And it’s the process that provides the results.
A great habit is to mark up charts each day and keep them… like a journal… especially the trades you are not pleased with… marking up charts is a way to learn quickly.
Naked I was here when you took this trade. But I can tell from how you explained your system to me. This trade does not fit this catagory. From what I can see you have some mixing of people who hang out in the chat rooms techniques smashed together. I would work on coming up with a solid strategy and method that is repeatable. Yes you made those pips, but as i told you in chat. You really didn’t do it. You asked for advice from loads of people, mixing their systems then you then took the trade. I dont mean to be harsh but YOU should make the trade and YOU should be responsible for the outcome. I think personally you are just using this post to show how good of a trade that was or something. Concentrate on the process of developing a system. Honestly I have read interviews with traders that have a 99% win rate. Sorry but you just don’t fall into that category. These traders have never had losing month much less losing weeks. They have only had singular losing days. PERIOD. Anyway. I hope you can build something and turn into a successful trader. But the path and psychology you have it this moment will hinder you.
