Trying again

Trading Discussion Trade Journals
1

Almost 3 years ago I tried trading without having any idea what I was doing. As you can guess I did not have much success. The first few days I made incredible profits. But it did not take long for the market to show me that it was not that easy.

I have been doing some studying and have improved. I am still learning but have more good weeks than bad.

As of now I $829.11

2

Good luck on your trading

3

hey PP

Tell us more how you are doing now? short or longer time frames! You have more good weeks than bad, this is great.

4

I try to look at longer term time frames to gage the trend but I trade the shorter time frames. I look at the 4 and 8 hour time frames to judge the trend. But I look at the 1 hour to try and determine the pivots. Then I use the 5 minute time to enter.

As it is I tend to enter early. I am working on that.

5

Thank you.

Today was good.

6

Glad to know you are working to improve your trade performance! Keep it up!

7

Great! I am on a very similar fashion too…

8

Here is my current trade. Buy EUR/JPN 131.515

Buy In.jpg700×389 40.4 KB

9

I closed this position at 131.722

10

Nice. Any other trades you have for this week?

11

Yes some good some not so good. The last one was really bad.

12

I made a big mistake Wednesday night and lost quite a bit. Note trying to scalp after a few beers is a bad idea. Going to bed with a big trade open with a big stop loss is a really bad idea. Lost about $50 on that.

Keep my cool and went after some good trades.

Ended today with a NAV of 845.37. I still have an open position a EUR/USD short entered at 1.35699. I think this has potential for a big win next week.

13

I did have a bad trade but at least I did not have one this bad.

Watch Me Lose $1500 Bucks in 3 Minutes DAY TRADING - YouTube

14

I have been keeping a close eye on the debt limit debate and using that info to short rallies in the EUR/USD and this has made for a very good week so far.

15

Yes it has been a very good week.

Trade Info.jpg700×507 39.5 KB

16

Wow, congratulations! That was a really nice run right there. Keep us posted on your next trades!

17

Thank you. I had planned to take the rest of the week off from trading but could not stay away and went short the EUR/USD and got killed.

18

I have decided to close the account Forex trading becomes to consuming for me. I can not leave it alone and then I make big mistakes. I will go back to concentrating on my YouTube Cooking Channel James Strange - YouTube

It has been interesting and I did make a few $$ but it takes up to much of my time and I really do not think I have the personality for it.