Trader_dante said it would be a good idea for me to start a thread and I thought he was right because it would quicken the learning process. I just Funded an account with £100 and I am going to turn it into something great (hopefully) but I am going to stay positive and post every trade on this thread and I welcome all comments, criticism and ideas to improve my trading.
KillPhil08
Experienced member
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Quick tip:
Use ODL markets and deposit £200 and if you lose it all you can reclaim it.
Free Portfolio, Share dealing, ISAs, PEPs, SIPPs, CFDs, Spread betting - Interactive Investor fund you with free £100 (which can offset your losses - i'm currently doing an experiment with them
)
Good Luck!
Use ODL markets and deposit £200 and if you lose it all you can reclaim it.
Free Portfolio, Share dealing, ISAs, PEPs, SIPPs, CFDs, Spread betting - Interactive Investor fund you with free £100 (which can offset your losses - i'm currently doing an experiment with them
)Good Luck!
UKtradergirl
Established member
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best of luck! and well done for being brave and putting yourself 'out there'!
Gbp/usd
Today at 7:45am GMT I placed a trade on gbp/usd 15min at 1.4828 with a stop at 1.4863, the reason for my entry was a break of the IB that happened after a touch at a resistance zone. The trade went in my direction until a touch on previous resistance that turned into support which turned the trade around and it went back into the zone, at this point I was definitely sure that it was going back down. To my surprise it broke right through previous S&R, so I moved my stop to 1.4804 so i could capture a bit of profit and I thought there was no way it was going to come back this far (but in this game almost anything is possible) and I got stopped out with a small profit.
Today at 7:45am GMT I placed a trade on gbp/usd 15min at 1.4828 with a stop at 1.4863, the reason for my entry was a break of the IB that happened after a touch at a resistance zone. The trade went in my direction until a touch on previous resistance that turned into support which turned the trade around and it went back into the zone, at this point I was definitely sure that it was going back down. To my surprise it broke right through previous S&R, so I moved my stop to 1.4804 so i could capture a bit of profit and I thought there was no way it was going to come back this far (but in this game almost anything is possible) and I got stopped out with a small profit.
Attachments
unlucky!
Today I placed a trade after along time because I've been having problems with my desktop anyway I went short the EUR/USD, got filed at 1.3979 and got stopped out at 1.4000. The reason for me getting into this trade was the shooting star pattern that happened at 10:45 at the 1.4000 levels which I thought would turn the trade around. Oh well I guess these things happen.
sorry no pic because I'm trading from my laptop
Today I placed a trade after along time because I've been having problems with my desktop anyway I went short the EUR/USD, got filed at 1.3979 and got stopped out at 1.4000. The reason for me getting into this trade was the shooting star pattern that happened at 10:45 at the 1.4000 levels which I thought would turn the trade around. Oh well I guess these things happen.
sorry no pic because I'm trading from my laptop
Don't know if it makes any difference at all, But I was always told Ctrl/ print screen button at same time.
Then open up paint in the accessories. Go to Edit, paste, then save as. Jpeg
Then paste as normal as a n attachment in post.
Today I placed a trade on gbp/usd and made a very small profit but a profit non the less. My reason for entry was a bounce off of the 50% fib to the down side because my 4hour chart which is my trend chart was in a downtrend. I exited because news was coming out which I think was the right thing to do.
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Yeah thats the platform I'm on.
Trying out the FXGAME first up £100 since yesterday, took balance down to start at £623 as trading with £100,000 is not going to teach me anything.
I put up the margin to 1:50 and all seems cool at the moment and in the process of setting up a FXTRADE account so when I'm ready to move over to live trade.
Trading at 2% of balance per trade running 5 to 15 trades open at anyone time, I just love the Homer sound when my trades hit.
I'm new to this but watching Bloomberg and reading the charts and going with gut feelings seem to work for me but we will see how that goes.
Good Luck and keep this up to date
JD
Trying out the FXGAME first up £100 since yesterday, took balance down to start at £623 as trading with £100,000 is not going to teach me anything.
I put up the margin to 1:50 and all seems cool at the moment and in the process of setting up a FXTRADE account so when I'm ready to move over to live trade.
Trading at 2% of balance per trade running 5 to 15 trades open at anyone time, I just love the Homer sound when my trades hit.
I'm new to this but watching Bloomberg and reading the charts and going with gut feelings seem to work for me but we will see how that goes.
Good Luck and keep this up to date
JD
gbp/jpy
I have been doubting my trading ability and I lost most of my £100 account it is actually hard for one to bounce back from such a bad losing streak but I placed a trade today on gbp/jpy which was good trade but my emotions got the better of me (the evil emotions fear and greed). As I placed the trade I had a target but then greed took over and I thought I should go for more. The price dropped stupidly then fear kicked in and I got out with a sad +24 points when it should of been +86 points. At the end of this trade I realized that I have not been following the basics and ignored my game plan the strange thing is I have no idea how got to this point, THIS CANNOT HAPPEN AGAIN!
I have been doubting my trading ability and I lost most of my £100 account it is actually hard for one to bounce back from such a bad losing streak but I placed a trade today on gbp/jpy which was good trade but my emotions got the better of me (the evil emotions fear and greed). As I placed the trade I had a target but then greed took over and I thought I should go for more. The price dropped stupidly then fear kicked in and I got out with a sad +24 points when it should of been +86 points. At the end of this trade I realized that I have not been following the basics and ignored my game plan the strange thing is I have no idea how got to this point, THIS CANNOT HAPPEN AGAIN!
Attachments
Two links for you:
Shares - Free Trial
MoneyAM - Free Share Prices, Stock Quotes, Charts, News, Level2
Get the heads up with email alerts and weekly share mag
Shares - Free Trial
MoneyAM - Free Share Prices, Stock Quotes, Charts, News, Level2
Get the heads up with email alerts and weekly share mag
I placed another trade but this time following my rules. My entry reason: perfect inside bar/spinning top on support so I placed a trade in the direction of the trend. I was planning for a quick trade because resistance was close and just as I thought, the trade played my game, a quick +50 point profit .
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quick trade
I was not suppose to be trading today because I've been babysitting but baby fell asleep and I decided to take a look at the market. This was a quick +44 point trade off a 5min chart. The entry reason: a small pullback which ended in a spinning top my entry was a break of the high of the spinning top because the overall trend was up. I got out because I reached my target which was a resistance line.
I was not suppose to be trading today because I've been babysitting but baby fell asleep and I decided to take a look at the market. This was a quick +44 point trade off a 5min chart. The entry reason: a small pullback which ended in a spinning top my entry was a break of the high of the spinning top because the overall trend was up. I got out because I reached my target which was a resistance line.
