Dear babypips.com forum users.
My name is Robert, 24 years old, living in the Netherlands. I’ve been an active member of meetpips.com for a short period and after I got sick of the automation to register your trades I kinda stopped there (I had to click Ok several times everytime I started Metatrader).
I started trading half a year ago due to an ad on the internet for binary options, after some quick research I found out that is a scam and I found out about Forex trading. After some more research I ended up here on babypips and did the courses. I started trading, first off used Candlestick analysis and later, when things did not went all that well, used a lot of systems (starting with €100 and a €50 bonus) which got me nowhere. Why? Because I think systems are for the beginning trader a pathway to hell paved with bright sparkly stones. I didn’t understand my trades, I acted like a robot following the “guide” coming with the system.
I completely forgot my basic knowledge of reading the candlesticks and reading the charts. I was going, oh this has crossed that, while my Stochastic is at a low point, here we go. Entering a ranging trade with only a 10 pip range. Which, not surprisingly went to **** fairly fast after.
However, I recently deposited money again on my account and I am planning to use the NickB system posted on the frontpage recently only (using a H4 timeframe and no indicators). I read the guide and it comes down to basic knowledge and some interesting insights. The biggest eye opener in there was that I already had all the knowledge to make good trades but I was not using them because there were so many indicators interfering with my thoughts.
Since the new deposit (which is only €20) I have made 3 trades. The first one USDJPY (short) went to ****s very fast but I was not wrong. It hit my S/L on a minor reversal and then plummeted further down which could have given me 50 pips. Ah well **** happens, the next day I started a EUR/USD trade long on a trending market with a take profit of 30, which made my grand total profitable again (seeing the €100 as practice money). After the debacle of the USD JPY I stepped in again, again short which went well but again went to a SL but still made me a small profit of 3 pips (where I could have made 15 but whatever).
Currently I am in a long position on USD/CHF. I started this position on the bounce of the minor support which was created 11-18 june. I have a 150 points SL and a 500 points TP.
I would like to hear your thoughts about this trade!